Class A Office
For Sale
Contact for pricing
3707 West Cherry Street, Tampa, FL 33607
Westshore Center offers renovated office interiors with updated roof, HVAC, ADA restrooms, and LED lighting.
Property Size21,781 SF
Price / SF$284.65
Days on Market54
Property Features for 3707 West Cherry Street
General Information
Standard status
Active
Size
21,781 SF
Property subtype
Office
Building Details
Year Built
1984
Listing Agency:
The Ross Realty Group Inc
(727) 639-3800
Listed By:
Elliott Ross · License #BK416734
Source:
Crexi
Added: Jun 8
Changed: Jul 20
Last Checked: Jul 30 at 4:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Ross Realty Group Inc
Investment Insights
Based on property information with market context.
Westshore Center Office Building is a renovated office property with significant capital improvements completed since 2020, including a new roof, HVAC, duct work, ADA restrooms, Class A interior upgrades, and LED lighting.
The building is located in the Westshore Business District, just east of N Dale Mabry Highway, and provides convenient drive access to Interstate 275, the Veterans Expressway, downtown Tampa, and Tampa International Airport.
With these recent systems and interior enhancements, the property is positioned as a modern office option within the Westshore area.
The building is located in the Westshore Business District, just east of N Dale Mabry Highway, and provides convenient drive access to Interstate 275, the Veterans Expressway, downtown Tampa, and Tampa International Airport.
With these recent systems and interior enhancements, the property is positioned as a modern office option within the Westshore area.
Key Highlights
- Office building built in 1984 at 3707 W Cherry Street, Tampa, FL 33607
- Owners invested over $1.5 million in renovations since purchasing in 2020
- Renovations include a new roof, new HVAC, and duct work upgrades
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $522.7k | $24.00 |
| − Vacancy | −$128.1k | −$5.88 |
| EGI | $394.7k | $18.12 |
| − OpEx | −$98.7k | −$4.53 |
| NOI | $296.0k | $13.59 |
21,781 SF · lease $24.00/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.23M
$3.70M – $4.93M
NOI $296,004 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.07M
$4.44M – $5.92M
NOI $355,205 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,170
Businesses Nearby
Explore this area
Business Placement
Demographics for 33607, FL
24,767
Population
13,158
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
87%
High-School Grad
9.3 sq mi
ZIP Area
2,663
Density / Sq Mi
$66,404
Median Household Income
$43,404
Median Earnings
$1,771
Median Rent
$316,100
Median Home Value
Market
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Westshore Center offers renovated office interiors with updated roof, HVAC, ADA restrooms, and LED lighting.
Where is this office building located?
The property is located at 3707 West Cherry Street Tampa, FL.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Office building built in 1984 at 3707 W Cherry Street, Tampa, FL 33607; Owners invested over $1.5 million in renovations since purchasing in 2020; Renovations include a new roof, new HVAC, and duct work upgrades
