Turnkey Mixed-Use Property For
For Sale
$295,000
4922 S 84th St, Tampa, FL 33619
Mixed-use property with established tenant and positive cash flow.
Property Size1,324 SF
Price / SF$222.81
Days on Market187
Property Features for 4922 S 84th St
General Information
Standard status
Active
Size
1,324 SF
Building Details
Year Built
1961
Listing Agency:
CENTURY 21 COASTAL ALLIANCE
Listed By:
Deanna Sapp Phillips · License #3495266
(727) 422-0715
Source:
Chenoregroup
Added: Mar 10
Changed: Sep 10
Last Checked: Sep 11 at 2:29PM
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 CENTURY 21 COASTAL ALLIANCE
Investment Insights
Based on property information with market context.
This well-maintained mixed-use property is currently leased through March 2027 and is home to a long-standing daycare. The space features an open floor plan suitable for flexible use or future conversion, including four classrooms, a kitchen, and two full bathrooms. Central heat and air are included, as well as ample storage. The property also features a large backyard with vinyl fencing and a circular driveway with two parking spaces. Showings are by appointment only, and the tenants or daycare should not be disturbed.
Key Highlights
- Established tenant (daycare) in place through March 2027 providing immediate positive cash flow.
- Turnkey mixed‑use property requiring minimal immediate investment.
- Open floor plan allows for flexible use or future conversion to other business types.
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
$17,874
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
6.06%
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%
$357,480
$357.5K
Cap Rate 7%
$255,343
$255.3K
Cap Rate 9%
$198,600
$198.6K
Market Conditions
NOI Build-Up for 1,324 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
$31.8K $24.00/SF
− Vacancy
−$3.2K −$2.40/SF
EGI
$28.6K $21.60/SF
− OpEx
−$10.7K −$8.10/SF
NOI
$17.9K $13.50/SF
Area
Tampa, FL
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$357,480
Cap Rate 7%
$255,343
Cap Rate 9%
$198,600
Alternative Uses
Best Use
Mixed Use
$255.3K
$223.4K – $297.9K
NOI $17,874 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$308.5K
$269.9K – $359.9K
NOI $21,592 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33619, FL
39,881
Population
15,360
Households
2.6
Avg Household Size
35
Median Age
23%
College-Educated
83%
High-School Grad
27.5 sq mi
ZIP Area
1,450
Density / Sq Mi
$63,193
Median Household Income
$38,448
Median Earnings
$1,618
Median Rent
$220,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Active Learning Preschool — Tampa, FL 33619
- Rogers Child Care — 5007 S 87th St, Tampa, FL 33619
Frequently Asked Questions
What type of property is this?
Day care center - Mixed-use property with established tenant and positive cash flow.
Where is this day care center located?
The property is located at 4922 S 84th St Tampa, FL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Established tenant (daycare) in place through March 2027 providing immediate positive cash flow.; Turnkey mixed‑use property requiring minimal immediate investment.; Open floor plan allows for flexible use or future conversion to other business types.
