Office Units with Private
For Sale
$475,000
4828 W Gandy Boulevard B27, Tampa, FL 33611
Second-floor space includes reception, kitchenette, storage, and two multi-stall restrooms.
Property Size1,980 SF
Price / SF$239.90
Days on Market101
Property Features for 4828 W Gandy Boulevard B27
General Information
Standard status
Active
Size
1,980 SF
Site & Location
Neighborhood
Bayside West Neighborhood Association, Inc.
Additional Details
Floor
2
Office Units
1
Amenities
private stairwell entrance
reception area
kitchenette/breakroom
Building Details
Year Built
1983
Listing Agency:
COMPASS FLORIDA LLC
Listed By:
Bradley Goldfinger
(813) 817-0137
Source:
Fulcrum-residential
Added: Jul 20
Changed: Oct 25
Last Checked: Oct 4 at 11:14AM
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 COMPASS FLORIDA LLC
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Investment Insights
Based on property information with market context.
This second-floor office configuration combines three units into a single layout with five private rooms, including two oversized rooms. The space also provides a reception area, kitchenette and breakroom, generous storage, and two large multi-stall restrooms. A private stairwell creates a separate entrance for occupants and visitors. The layout is identified as adaptable for medical, spa, wellness, creative office, traditional business, and retail uses.
The property is located at the intersection of Gandy Boulevard and Westshore Boulevard in Tampa, with connections to Downtown Tampa, Downtown St. Petersburg, and the broader Tampa Bay area. On-site parking serves employees and clients. The property is also minutes from the Westshore Marina District and waterfront destinations including Salt Shack and Hula Bay. Constructed in 1983, the office units offer a practical combination of private rooms, shared reception space, support areas, and flexible circulation.
The property is located at the intersection of Gandy Boulevard and Westshore Boulevard in Tampa, with connections to Downtown Tampa, Downtown St. Petersburg, and the broader Tampa Bay area. On-site parking serves employees and clients. The property is also minutes from the Westshore Marina District and waterfront destinations including Salt Shack and Hula Bay. Constructed in 1983, the office units offer a practical combination of private rooms, shared reception space, support areas, and flexible circulation.
Key Highlights
- Three office units combined into one second‑floor layout
- Five private rooms, including two oversized spaces
- Private stairwell entrance provides separate access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,908
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,160
$538.2K
Cap Rate 7%
$384,400
$384.4K
Cap Rate 9%
$298,978
$299.0K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$47.5K $24.00/SF
− Vacancy
−$11.6K −$5.88/SF
EGI
$35.9K $18.12/SF
− OpEx
−$9.0K −$4.53/SF
NOI
$26.9K $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 Rate 5%
$538,160
Cap Rate 7%
$384,400
Cap Rate 9%
$298,978
Alternative Uses
Best Use
Office B
$384.4K
$336.4K – $448.5K
NOI $26,908 @ 7.0% cap · market cap 5.66%
Second Best
Retail
$336.8K
$294.7K – $392.9K
NOI $23,576 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$461.3K
$403.6K – $538.2K
NOI $32,290 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Tampa, FL
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor space includes reception, kitchenette, storage, and two multi-stall restrooms.
Where is this office unit located?
The property is located at 4828 W Gandy Boulevard B27 Tampa, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three office units combined into one second‑floor layout; Five private rooms, including two oversized spaces; Private stairwell entrance provides separate access
