Drew Park Industrial
For Sale
$1,550,000
5010 N Grady Ave, Tampa, FL 33614
Industrial space with office near Tampa International Airport.
Property Size8,105 SF
Price / SF$191.24
Days on Market218
Property Features for 5010 N Grady Ave
General Information
Standard status
Active
Size
8,105 SF
Building Details
Year Built
1950
Listing Agency:
PEOPLE'S CHOICE REALTY SVC LLC
Listed By:
Alfonso Belluccia · License #3213647
(813) 599-1741
Source:
Fulcrum-residential
Added: Mar 11
Changed: Oct 14
Last Checked: Oct 4 at 1:50PM
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 PEOPLE'S CHOICE REALTY SVC LLC
Investment Insights
Based on property information with market context.
This industrial space, located in Drew Park, presents an opportunity for either an owner-user or an investor. The building includes air-conditioned office space and is zoned IG (Industrial General). Key features of the property include five overhead doors, a 14-foot ceiling height, block construction, three-phase power, and two bathrooms. Its location offers strategic advantages, with proximity to Tampa International Airport, I-275, the Veterans Expressway, and Raymond James Stadium.
Key Highlights
- Strategically located near Tampa International Airport, I‑275, Veterans Expressway and Raymond James Stadium.
- Industrial space (IG zoning) suitable for owner‑user or investment.
- Features 5 overhead doors and 14' ceiling height.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,771
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,415,420
$1.4M
Cap Rate 7%
$1,011,014
$1.0M
Cap Rate 9%
$786,344
$786.3K
Market Conditions
NOI Build-Up for 8,105 SF
Gross rent
$107.0K $13.20/SF
− Vacancy
−$5.9K −$0.73/SF
EGI
$101.1K $12.47/SF
− OpEx
−$30.3K −$3.74/SF
NOI
$70.8K $8.73/SF
Area
ZIP 33614
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,415,420
Cap Rate 7%
$1,011,014
Cap Rate 9%
$786,344
Alternative Uses
Best Use
Industrial
$1.01M
$884.6K – $1.18M
NOI $70,771 @ 7.0% cap · market cap 4.57%
Second Best
Office B
$781.3K
$683.7K – $911.6K
NOI $54,694 @ 7.0% cap · market cap 3.53%
Theoretical Best
Multifamily LT 5
$1.35M
$1.18M – $1.58M
NOI $94,605 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,405
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial space with office near Tampa International Airport.
Where is this industrial property located?
The property is located at 5010 N Grady Ave Tampa, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Strategically located near Tampa International Airport, I‑275, Veterans Expressway and Raymond James Stadium.; Industrial space (IG zoning) suitable for owner‑user or investment.; Features **5 overhead doors** and **14' ceiling height**.
