9-Unit Industrial
For Sale
$1,000,000
4017 W Osborne Ave, Tampa, FL 33614
Fully occupied industrial asset with multiple tenant suites and mixed lease terms.
Property Size7,435 SF
Days on Market68
Property Features for 4017 W Osborne Ave
General Information
Standard status
Active
Size
7,435 SF
Property subtype
Industrial
Occupancy
100%
Financials
Cap Rate
7%
Gross Income
$84,000
Additional Details
Highway Access
Yes
Building Details
Building Size
7,435 SF
Year Built
1982
Tenancy
Multi
Listing Agency:
Boutique National, LLC (Bounat)
(813) 928-2071
Listed By:
Mike Farley · License #FL #SL3533239
Source:
Bounat
Added: Jun 24
Changed: Aug 29
Last Checked: Aug 29 at 9:30PM
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 Boutique National, LLC (Bounat)
Investment Insights
Based on property information with market context.
This 9-unit industrial property provides a multi-tenant configuration with an average suite size of 826 SF. Built in 1982, the asset is reported as 100% occupied and carries mixed lease terms. The property’s reported 7% cap rate adds an established operating profile for consideration by industrial investors.
Located at 4017 W Osborne Ave in Tampa’s Drew Park area, the property sits just off Hillsborough Avenue. The site is near the Veterans Expressway, Tampa International Airport, International Mall, and Air Cargo Road, with the airport positioned south of the property.
Located at 4017 W Osborne Ave in Tampa’s Drew Park area, the property sits just off Hillsborough Avenue. The site is near the Veterans Expressway, Tampa International Airport, International Mall, and Air Cargo Road, with the airport positioned south of the property.
Key Highlights
- 9‑unit multi‑tenant industrial property
- 100% Occupied
- Average unit size: 826 SF
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
$64,921
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
6.49%
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%
$1,298,420
$1.3M
Cap Rate 7%
$927,443
$927.4K
Cap Rate 9%
$721,344
$721.3K
Market Conditions
NOI Build-Up for 7,435 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
$98.1K $13.20/SF
− Vacancy
−$5.4K −$0.73/SF
EGI
$92.7K $12.47/SF
− OpEx
−$27.8K −$3.74/SF
NOI
$64.9K $8.73/SF
Area
ZIP 33614
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,298,420
Cap Rate 7%
$927,443
Cap Rate 9%
$721,344
Alternative Uses
Best Use
Industrial
$927.4K
$811.5K – $1.08M
NOI $64,921 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.24M
$1.08M – $1.45M
NOI $86,784 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,533
Businesses Nearby
Explore this area
Business Placement
Demographics for 33614, FL
47,695
Population
19,660
Households
2.4
Avg Household Size
39
Median Age
23%
College-Educated
78%
High-School Grad
9.7 sq mi
ZIP Area
4,917
Density / Sq Mi
$51,143
Median Household Income
$31,350
Median Earnings
$1,399
Median Rent
$295,700
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Industrial property - Fully occupied industrial asset with multiple tenant suites and mixed lease terms.
Where is this industrial property located?
The property is located at 4017 W Osborne Ave Tampa, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 9‑unit multi‑tenant industrial property; 100% Occupied; Average unit size: 826 SF
