Versatile Two-Story Office
3816 GUNN Hwy Tampa, FL 33618
For Sale
$695,000
Pending
Two-story office condominium with flexible space in Tampa's Carrollwood submarket.
Property Size3,000 SF
Days on Market98
Property Features for 3816 GUNN Hwy
General Information
Standard status
Pending
Size
3,000 SF
Property subtype
Commercial
Building Details
Year Built
1985
Listing Agency:
Keller Williams Tampa Properties
(727) 410-2896
Listed By:
Alexander Lucke · License #3351552
(727) 410-2896
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 7:48PM
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 Keller Williams Tampa Properties
Investment Insights
Based on property information with market context.
Located in the Carrollwood submarket of Tampa, 3816 Gunn Highway is a two-story office condominium within the One Carrollwood Place office complex. Constructed in 1985, the property offers approximately 3,000 square feet of space designed for various professional office uses. A distinguishing feature is the approximately 750-square-foot open storage and operational suite, which includes removed drop ceilings with exposed height, concrete flooring, integrated lighting, and direct restroom access. This space is suitable for product storage, equipment staging, IT infrastructure, archives, light distribution, or service-based operations. The remainder of the building features a mix of private executive offices, conference space, and open work areas across both floors. Floor-to-ceiling window lines provide natural light throughout the space. The two-story configuration allows for departmental separation or potential multi-suite configuration. Situated along Gunn Highway, the property benefits from visibility and access to Dale Mabry Highway, the Veterans Expressway, and the Tampa metro area. Surrounding retail, dining, and service amenities enhance convenience for employees and clients. The property is located in a bikeable area with a bike score of 54, a walkable area with a walk score of 71, and has some transit options with a transit score of 29.
Key Highlights
- Prime location on Gunn Highway with easy access to Dale Mabry and Veterans Expressway.
- Versatile 3,000 SF two‑story office condominium for owner‑users or investors.
- Unique ±750 SF open storage/operational suite with exposed ceilings and concrete floors.
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 | $72.0k | $24.00 |
| − Vacancy | −$17.6k | −$5.88 |
| EGI | $54.4k | $18.12 |
| − OpEx | −$13.6k | −$4.53 |
| NOI | $40.8k | $13.59 |
3,000 SF · lease $24.00/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$582.4K
$509.6K – $679.5K
NOI $40,770 @ 7.0% cap · market cap 5.87%
Second Best
Flex RnD
$565.6K
$494.9K – $659.9K
NOI $39,593 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$698.9K
$611.6K – $815.4K
NOI $48,924 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Two-story office condominium with flexible space in Tampa's Carrollwood submarket.
Where is this office units located?
The property is located at 3816 GUNN Hwy Tampa, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Prime location on Gunn Highway with easy access to Dale Mabry and Veterans Expressway.; Versatile 3,000 SF two‑story office condominium for owner‑users or investors.; Unique ±750 SF open storage/operational suite with exposed ceilings and concrete floors.
