Mixed-Use Office
For Sale
Under Contract
$2,150,000
4333 & 4323 W BAY TO BAY Boulevard, Tampa, FL 33629
Commercial Sale, TAMPA, FL
Property Size5,656 SF
Lot Size0.23 Acres
Price / SF$380.13
Days on Market268
Property Features for 4333 & 4323 W BAY TO BAY Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CG
Subdivision
MARYLAND MANOR REV
Directions
Use GPS. Corner of Bay to Bay and Manhattan
Standard status
Active Under Contract
APN
A-33-29-18-3TR-000010-00010.0
Size
5,656 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MARYLAND MANOR REVISED PLAT LOT 10 BLOCK 10
Tax Annual Amount
18000
Legal Description
MARYLAND MANOR REVISED PLAT LOT 10 BLOCK 10
Utilities
Cooling system
Central Air
Building Details
Year built
1951
Floors in Building
2
Number of units
5
Building materials
Block
Listing Agency:
IMPACT REALTY TAMPA BAY
(813) 321-1200
Listed By:
Kristine Marshall · License #3639640
(727) 460-5512
Added: Dec 1, 2025
Changed: Aug 24
Last Checked: Aug 26 at 3:06AM
MLS# TB8452601
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use offering comprises two contiguous buildings at 4323 and 4333 W Bay to Bay Boulevard. The 4333 building contains approximately 1,830 square feet and is configured for medical or professional office use. The 4323 property contributes approximately 3,826 square feet across two stories, with multiple office suites and residential space upstairs. Combined building area is 5,656 square feet on 0.23 acres.
Both parcels are zoned CG and include on-site parking. The 4333 building has reported drive-by exposure to approximately 19,000 daily drivers, while the combined properties benefit from direct placement on W Bay to Bay Boulevard in Tampa. Block construction, central air, and the blend of commercial and residential components provide a varied physical configuration for an owner-user or mixed-use operator.
Both parcels are zoned CG and include on-site parking. The 4333 building has reported drive-by exposure to approximately 19,000 daily drivers, while the combined properties benefit from direct placement on W Bay to Bay Boulevard in Tampa. Block construction, central air, and the blend of commercial and residential components provide a varied physical configuration for an owner-user or mixed-use operator.
Key Highlights
- Two contiguous properties at 4323 and 4333 W Bay to Bay Boulevard
- Combined building area of 5,656 square feet on 0.23 acres
- 4333 includes approximately 1,830 square feet of medical or office space
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
$82,424
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
3.83%
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%
$1,648,480
$1.6M
Cap Rate 7%
$1,177,486
$1.2M
Cap Rate 9%
$915,822
$915.8K
Market Conditions
NOI Build-Up for 5,656 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
$149.3K $26.40/SF
− Vacancy
−$11.9K −$2.11/SF
EGI
$137.4K $24.29/SF
− OpEx
−$54.9K −$9.72/SF
NOI
$82.4K $14.57/SF
Area
Tampa, FL
Vacancy
8.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
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%
$1,648,480
Cap Rate 7%
$1,177,486
Cap Rate 9%
$915,822
Alternative Uses
Best Use
Healthcare Medical
$1.18M
$1.03M – $1.37M
NOI $82,424 @ 7.0% cap · market cap 3.83%
Second Best
Office B
$1.10M
$960.8K – $1.28M
NOI $76,865 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,238 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
879
Businesses Nearby
Explore this area
Business Placement
Demographics for 33629, FL
26,394
Population
11,237
Households
2.3
Avg Household Size
41
Median Age
77%
College-Educated
98%
High-School Grad
4.8 sq mi
ZIP Area
5,499
Density / Sq Mi
$158,337
Median Household Income
$88,821
Median Earnings
$1,758
Median Rent
$764,100
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?
Mixed-use property - Two contiguous buildings combine professional office space with upstairs residential units and on-site parking.
Where is this mixed-use property located?
The property is located at 4333 & 4323 W BAY TO BAY Boulevard Tampa, FL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Two contiguous properties at 4323 and 4333 W Bay to Bay Boulevard; Combined building area of 5,656 square feet on 0.23 acres; 4333 includes approximately 1,830 square feet of medical or office space
