Commercial Building with CG
For Sale
$229,900
3713 N 34TH STREET, Tampa, FL 33610
Approx. 1,200-square-foot commercial building on a 9,700-square-foot lot with Commercial General (CG) zoning.
Property Size1,200 SF
Lot Size0.22 Acres
Price / SF$191.58
Days on Market20
Property Features for 3713 N 34TH STREET
General Information
Standard status
Active
Size
1,200 SF
Lot size
0.22 Acres
Property subtype
Commercial
Zoning
CG
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,902
Amenities
Pool
Public Pool
Building Details
Year Built
1983
Listing Agency:
FLORIDA TREASURE REALTY LLC
(813) 998-5000
Listed By:
RICK BARCENA · License #453329
Source:
Corcoran
Added: Jul 22
Changed: Aug 8
Last Checked: Aug 10 at 5:07AM
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 FLORIDA TREASURE REALTY LLC
Investment Insights
Based on property information with market context.
This approximately 1,200-square-foot commercial building is offered for sale on a 9,700-square-foot lot. The property is located at 3713 N 34th Street and is zoned Commercial General (CG), which allows a wide range of commercial uses, subject to City approvals.
Supported uses include professional offices, medical and dental practices, insurance agencies, real estate offices, retail stores, salons, restaurants, coffee shops, and veterinary services. The CG zoning may also allow automotive sales or service businesses, subject to City approvals.
The property is positioned for accessibility to major employment and destinations, with convenient access to Interstate 4 and Interstate 275, as well as Ybor City, Downtown Tampa, and the Port of Tampa.
Supported uses include professional offices, medical and dental practices, insurance agencies, real estate offices, retail stores, salons, restaurants, coffee shops, and veterinary services. The CG zoning may also allow automotive sales or service businesses, subject to City approvals.
The property is positioned for accessibility to major employment and destinations, with convenient access to Interstate 4 and Interstate 275, as well as Ybor City, Downtown Tampa, and the Port of Tampa.
Key Highlights
- Approx. 1,200‑sq‑ft commercial building at 3713 N. 34th St, Tampa
- 9,700‑sq‑ft lot offering space for owner‑use, investment, or redevelopment
- Commercial General (CG) zoning allows a wide range of commercial uses (subject to City approvals)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,132
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$282,640
$282.6K
Cap Rate 7%
$201,886
$201.9K
Cap Rate 9%
$157,022
$157.0K
Market Conditions
NOI Build-Up for 1,200 SF
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.
Gross rent
$25.1K $20.88/SF
− Vacancy
−$6.2K −$5.18/SF
EGI
$18.8K $15.70/SF
− OpEx
−$4.7K −$3.93/SF
NOI
$14.1K $11.78/SF
Area
ZIP 33610
Vacancy
24.80%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$282,640
Cap Rate 7%
$201,886
Cap Rate 9%
$157,022
Alternative Uses
Best Use
Office B
$201.9K
$176.7K – $235.5K
NOI $14,132 @ 7.0% cap · market cap 6.15%
Second Best
Retail
$197.6K
$172.9K – $230.6K
NOI $13,835 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$276.8K
$242.2K – $322.9K
NOI $19,374 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
847
Businesses Nearby
Explore this area
Business Placement
Demographics for 33610, FL
45,218
Population
17,995
Households
2.5
Avg Household Size
34
Median Age
19%
College-Educated
82%
High-School Grad
18.0 sq mi
ZIP Area
2,512
Density / Sq Mi
$49,765
Median Household Income
$34,773
Median Earnings
$1,307
Median Rent
$210,600
Median Home Value
Market
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Approx. 1,200-square-foot commercial building on a 9,700-square-foot lot with Commercial General (CG) zoning.
Where is this retail space located?
The property is located at 3713 N 34TH STREET Tampa, FL.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Approx. 1,200‑sq‑ft commercial building at 3713 N. 34th St, Tampa; 9,700‑sq‑ft lot offering space for owner‑use, investment, or redevelopment; Commercial General (CG) zoning allows a wide range of commercial uses (subject to City approvals)
