Retail Building on Nebraska
For Sale
$1,150,000
4408 & 4412 N NEBRASKA AVENUE, Tampa, FL 33603
Retail/office showroom with parking on busy Nebraska Avenue.
Property Size3,816 SF
Lot Size0.23 Acres
Price / SF$301.36
Days on Market862
Property Features for 4408 & 4412 N NEBRASKA AVENUE
General Information
Standard status
Active
Size
3,816 SF
Lot size
0.23 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,289
Amenities
Central air
Pool
Public Pool
Central Air Cooling
Building Details
Year Built
1925
Listing Agency:
FLORIDA COMMERCIAL GROUP
(813) 935-9600
Listed By:
CHAE MAUGEL · License #3078433
Source:
Corcoran
Added: Apr 1, 2024
Changed: Aug 8
Last Checked: Aug 8 at 6:06AM
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 COMMERCIAL GROUP
Investment Insights
Based on property information with market context.
This retail building, situated in a desirable location on Nebraska Avenue, offers 5385 square feet of space with a large parking lot. The property consists of two folio numbers, encompassing a total of 0.45 acres. The front road, Nebraska Avenue, experiences high traffic volume throughout the day. The property is suitable for retail or office showroom use, featuring a layout that includes a large open showroom area, two offices, a kitchen, and a restroom. The building has numerous windows and a fully fenced rear yard. The roof was painted in 2023. Zoned CG (General Commercial), the lot measures 20,010 square feet with 145 feet of frontage on Nebraska Avenue, providing excellent visibility. There are approximately 14 to 16 surface parking spaces, with additional parking available on the grassed area under a large tree, accommodating up to 20 vehicles in total. This property presents an opportunity for business growth, suitable for investment or expansion.
Key Highlights
- High‑traffic location on Nebraska Avenue with excellent visibility
- Large parking lot with 14‑20 spaces
- CG (General Commercial) zoning suitable for retail or office showroom
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
$51,859
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
4.51%
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%
$1,037,180
$1.0M
Cap Rate 7%
$740,843
$740.8K
Cap Rate 9%
$576,211
$576.2K
Market Conditions
NOI Build-Up for 3,816 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
$91.6K $24.00/SF
− Vacancy
−$22.4K −$5.88/SF
EGI
$69.1K $18.12/SF
− OpEx
−$17.3K −$4.53/SF
NOI
$51.9K $13.59/SF
Area
Tampa, FL
Vacancy
24.50%
Lease Rate
$24.00 /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%
$1,037,180
Cap Rate 7%
$740,843
Cap Rate 9%
$576,211
Alternative Uses
Best Use
Office B
$740.8K
$648.2K – $864.3K
NOI $51,859 @ 7.0% cap · market cap 4.51%
Second Best
Retail
$649.1K
$568.0K – $757.3K
NOI $45,437 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$889.0K
$777.9K – $1.04M
NOI $62,231 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,028
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33603, FL
19,070
Population
9,592
Households
2
Avg Household Size
38
Median Age
39%
College-Educated
90%
High-School Grad
4.1 sq mi
ZIP Area
4,651
Density / Sq Mi
$64,632
Median Household Income
$43,136
Median Earnings
$1,320
Median Rent
$344,100
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?
Showroom - Retail/office showroom with parking on busy Nebraska Avenue.
Where is this showroom located?
The property is located at 4408 & 4412 N NEBRASKA AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: High‑traffic location on Nebraska Avenue with excellent visibility; Large parking lot with 14‑20 spaces; CG (General Commercial) zoning suitable for retail or office showroom
