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South Tampa Office/Retail Space
For Sale
$479,900

4828 W GANDY Blvd B27, Tampa, FL 33611

Versatile 2,000 SF office/retail space in South Tampa.

Property Size2,000 SF
Price / SF$239.95
Days on Market103

Property Features for 4828 W GANDY Blvd B27

General Information

Standard status Active
Size 2,000 SF
Property subtype Commercial

Building Details

Year Built 1983
Listing Agency:
Listed By: Bradley Goldfinger
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Aug 4 at 4:54AM

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 Bradley Goldfinger

Investment Insights

Based on property information with market context.

Located in the heart of South Tampa at the newly branded Marina Pointe Office Center, this expansive second-floor office/retail space combines three units into one versatile layout totaling approximately 2,000 square feet. Situated at the intersection of Gandy Boulevard and Westshore Boulevard, the property offers accessibility with connections to Downtown Tampa, Downtown St. Petersburg, and the greater Tampa Bay area. The floor plan features five private rooms, including two oversized spaces, along with a welcoming reception area, kitchenette/breakroom, and two large multi-stall restrooms. Generous storage and flexible spacing make it suitable for a range of professional or retail uses. The space can be adapted for medical, spa, wellness, creative office, or traditional business use. The unit includes a private stairwell entrance, offering added privacy, and ample on-site parking for both employees and clients. Located minutes from the Westshore Marina District and waterfront destinations like Salt Shack and Hula Bay, this property combines convenience, visibility, and lifestyle appeal. The location has a bike score of 61, indicating it is bikeable, a walk score of 41, indicating car-dependent, and a transit score of 24, indicating minimal transit.

Key Highlights

  • Prime South Tampa location at the high‑traffic intersection of Gandy and Westshore Boulevards.
  • Quick connections to Downtown Tampa, Downtown St. Petersburg, and the greater Tampa Bay area.
  • Versatile 2,000 sq ft space suitable for office or retail, easily adaptable for various uses (medical, spa, creative office, etc.).

Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $48.0k $24.00
− Vacancy −$11.8k −$5.88
EGI $36.2k $18.12
− OpEx −$9.1k −$4.53
NOI $27.2k $13.59
2,000 SF · lease $24.00/SF/yr · vacancy 24.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$388.3K
$339.8K – $453.0K (±1% cap)
NOI $27,180 @ 7.0% cap · market cap 5.66%
Second Best
Retail
$340.2K
$297.7K – $396.9K (±1% cap)
NOI $23,814 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$465.9K
$407.7K – $543.6K (±1% cap)
NOI $32,616 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Daycare Center Barber Shop Grocery & Convenience Store (Bike/Boat/Book/etc) Store Auto Parts Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

834
Businesses Nearby

Demographics for 33611, FL

34,101
Population
18,682
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
95%
High-School Grad
6.3 sq mi
ZIP Area
5,413
Density / Sq Mi
$82,804
Median Household Income
$63,797
Median Earnings
$1,681
Median Rent
$449,200
Median Home Value

Market

Vacancy Rate% for Office in Tampa, FL

13.8% 2019
14.2% 2020
19.1% 2021
22.3% 2022
21.9% 2023
20.7% 2024
18.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Versatile 2,000 SF office/retail space in South Tampa.
Where is this office units located?
The property is located at 4828 W GANDY Blvd B27 Tampa, FL.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Prime South Tampa location at the high‑traffic intersection of Gandy and Westshore Boulevards.; Quick connections to Downtown Tampa, Downtown St. Petersburg, and the greater Tampa Bay area.; Versatile **2,000 sq ft space** suitable for office or retail, easily adaptable for various uses (medical, spa, creative office, etc.).
More about this property
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