Small Multifamily Apartment
4422 North Hale Avenue, Tampa, FL 33614
For Sale
Contact for pricing
IG-zoned apartment property with five electric meters and an unfinished unit renovation.
Property Size2,388 SF
Price / SF$272.19
Days on Market101
Property Features for 4422 North Hale Avenue
General Information
Standard status
Size
Class
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Site & Location
Neighborhood
Highway Access
Utilities to Site
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Tenancy
Listing Agency:
IQ Commercial
Listed By:
Ralph Carrasquillo · License #BK3015016
(813) 293-3234
Source:
Crexi
Added: Jul 29
Changed: Nov 1
Last Checked: Nov 6 at 5:09AM
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 IQ Commercial
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Investment Insights
Based on property information with market context.
This 2,388-square-foot apartment property was built in 1972 and is classified under IG zoning. The asset includes a unit undergoing renovation, with completion and leasing identified as the remaining steps for that space.
Utility responsibility is divided between the property and its occupants. Five separate electric meters serve the apartments, while ownership covers water, sewer, and trash. The property is near Drew Park, Tampa International Airport, Veterans Expressway, Interstate 275, Downtown Tampa, and the Westshore Business District.
Utility responsibility is divided between the property and its occupants. Five separate electric meters serve the apartments, while ownership covers water, sewer, and trash. The property is near Drew Park, Tampa International Airport, Veterans Expressway, Interstate 275, Downtown Tampa, and the Westshore Business District.
Key Highlights
- 2,388‑square‑foot apartment property built in 1972
- IG zoning supports apartment use and potential redevelopment flexibility
- Five separate electric meters serving the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,963
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,260
$439.3K
Cap Rate 7%
$313,757
$313.8K
Cap Rate 9%
$244,033
$244.0K
Market Conditions
NOI Build-Up for 2,388 SF
Gross rent
$43.0K $18.00/SF
− Vacancy
−$3.1K −$1.28/SF
EGI
$39.9K $16.72/SF
− OpEx
−$18.0K −$7.52/SF
NOI
$22.0K $9.20/SF
Area
ZIP 33614
Vacancy
7.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,260
Cap Rate 7%
$313,757
Cap Rate 9%
$244,033
Alternative Uses
Best Use
Apartment 5plus
$313.8K
$274.5K – $366.1K
NOI $21,963 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$398.2K
$348.4K – $464.6K
NOI $27,874 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,119
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
$295,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Tampa, FL
Properties on Market for Apartment buildings in Tampa
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - IG-zoned apartment property with five electric meters and an unfinished unit renovation.
Where is this apartment building located?
The property is located at 4422 North Hale Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,388‑square‑foot apartment property built in 1972; IG zoning supports apartment use and potential redevelopment flexibility; Five separate electric meters serving the property
