Multi-Tenant Office
5005 West Laurel Street, Tampa, FL 33607
For Sale
Contact for pricing
The property is fully leased and includes a café, shared conference room access, and private entrances for select ground-floor suites.
Property Size39,736 SF
Price / SF$173.65
Days on Market21
Property Features for 5005 West Laurel Street
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Tenant in Place
Property Use
Amenities
modern lobby
on-site café
conference room access
private exterior entrances
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
Ciminelli Real Estate Services - Tampa
Listed By:
Thomas Hernandez · License FL BK3159123
Source:
Crexi
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 12 at 8:23AM
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 Ciminelli Real Estate Services - Tampa
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Investment Insights
Based on property information with market context.
This 39,736-square-foot office property in Tampa’s Westshore district has multiple tenants and is fully leased. Building amenities include a modern lobby, an on-site café, conference room access, and parking for tenants and visitors. Select ground-floor suites have private exterior entrances, and the building includes common areas and efficient floor plates.
The property is near Tampa International Airport, Downtown Tampa, MidTown Tampa, and International Plaza. Average rental rates are reported to be over 18% below market.
The property is near Tampa International Airport, Downtown Tampa, MidTown Tampa, and International Plaza. Average rental rates are reported to be over 18% below market.
Key Highlights
- 39,736‑square‑foot multi‑tenant office building
- Fully leased
- On‑site café and conference room access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$540,012
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,800,240
$10.8M
Cap Rate 7%
$7,714,457
$7.7M
Cap Rate 9%
$6,000,133
$6.0M
Market Conditions
NOI Build-Up for 39,736 SF
Gross rent
$953.7K $24.00/SF
− Vacancy
−$233.6K −$5.88/SF
EGI
$720.0K $18.12/SF
− OpEx
−$180.0K −$4.53/SF
NOI
$540.0K $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%
$10,800,240
Cap Rate 7%
$7,714,457
Cap Rate 9%
$6,000,133
Alternative Uses
Best Use
Office B
$7.71M
$6.75M – $9.00M
NOI $540,012 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.26M
$8.10M – $10.80M
NOI $648,015 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,569
Businesses Nearby
Explore this area
Business Placement
Demographics for 33607, FL
24,767
Population
13,158
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
87%
High-School Grad
9.3 sq mi
ZIP Area
2,663
Density / Sq Mi
$66,404
Median Household Income
$43,404
Median Earnings
$1,771
Median Rent
$316,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Tampa, FL
Properties on Market for Office buildings in Tampa
Vacancy Rate% for Office in Tampa, FL
Frequently Asked Questions
What type of property is this?
Office building - The property is fully leased and includes a café, shared conference room access, and private entrances for select ground-floor suites.
Where is this office building located?
The property is located at 5005 West Laurel Street Tampa, FL.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: 39,736‑square‑foot multi‑tenant office building; Fully leased; On‑site café and conference room access
