Mixed-Use Property with Residential
For Sale
$1,430,000
4624 N HUBERT Avenue, Tampa, FL 33614
Commercial Sale, TAMPA, FL
Property Size5,201 SF
Lot Size0.37 Acres
Price / SF$274.95
Days on Market109
Property Features for 4624 N HUBERT Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IG
Subdivision
DREW PARK RE OF
Directions
From N Dale Mabry Hwy, head east on W Waters Ave, turn right onto N Hubert Ave, and continue south to property located at 4624 N Hubert Ave on the left.
Standard status
Active
APN
A-04-29-18-3IP-000045-00001.0
Size
5,201 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DREW PARK RE PLAT OF LOTS 1 AND 2 BLOCK 45
Tax Annual Amount
13698
Legal Description
DREW PARK RE PLAT OF LOTS 1 AND 2 BLOCK 45
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2000
Floors in Building
2
Number of units
3
Building materials
Concrete, Stucco
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
ELIZABETH COLON · License #3488620
(813) 919-4553
Added: May 13
Changed: Aug 24
Last Checked: Aug 29 at 6:06PM
MLS# TB8508496
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 property combines commercial and residential components within a 5,201-square-foot building on a 0.37-acre corner lot. The ground level contains flexible commercial space, while the second floor includes two residential units. The property is zoned IG and may support retail, office, service business, or other permitted uses as applicable under the zoning designation.
Built in 2000, the structure features concrete and stucco construction, a shingle roof, central heating, and central air conditioning. Public water and public sewer serve the property, and parking is available on site. Its Tampa location provides access to major roadways, shopping, dining, and surrounding business districts.
Built in 2000, the structure features concrete and stucco construction, a shingle roof, central heating, and central air conditioning. Public water and public sewer serve the property, and parking is available on site. Its Tampa location provides access to major roadways, shopping, dining, and surrounding business districts.
Key Highlights
- 5,201‑square‑foot mixed‑use building on 0.37 acres
- Ground‑floor commercial area with two residential units upstairs
- IG zoning designation
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
$51,061
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
3.57%
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%
$1,021,220
$1.0M
Cap Rate 7%
$729,443
$729.4K
Cap Rate 9%
$567,344
$567.3K
Market Conditions
NOI Build-Up for 5,201 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
$78.0K $15.00/SF
− Vacancy
−$5.1K −$0.98/SF
EGI
$72.9K $14.03/SF
− OpEx
−$21.9K −$4.21/SF
NOI
$51.1K $9.82/SF
Area
ZIP 33614
Vacancy
6.50%
Lease Rate
$15.00 /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%
$1,021,220
Cap Rate 7%
$729,443
Cap Rate 9%
$567,344
Alternative Uses
Best Use
Retail
$729.4K
$638.3K – $851.0K
NOI $51,061 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$683.3K
$597.9K – $797.2K
NOI $47,834 @ 7.0% cap · market cap 3.35%
Theoretical Best
Multifamily LT 5
$867.3K
$758.9K – $1.01M
NOI $60,708 @ 7.0% cap · market cap 4.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,254
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 Multifamily in South region
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 - Ground-floor commercial space is paired with two upstairs residential units.
Where is this mixed-use property located?
The property is located at 4624 N HUBERT Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $1,430,000.
What are key features of this property?
This property features: 5,201‑square‑foot mixed‑use building on 0.37 acres; Ground‑floor commercial area with two residential units upstairs; IG zoning designation
