Sublease Office
For Sale
Contact for pricing
5015 West Waters Avenue, Tampa, FL 33634
Contemporary office suites with versatile floor plans, abundant natural light, and ample parking.
Property Size22,000 SF
Days on Market98
Property Features for 5015 West Waters Avenue
General Information
Standard status
Active
Size
22,000 SF
Class
B
Property subtype
Office
Lease Term
Gross
Building Details
Building Size
22,000 SF
Properties For Sale
at 5015 West Waters Avenue
Suite B (Sublease)
Size
3,624 SF
Term
Negotiable
Listing Agency:
NAI Burns Scalo
Listed By:
Michael Coppola
(813) 523-3321
Source:
Naiglobal
Added: Jul 19
Changed: Oct 9
Last Checked: Oct 23 at 4:20AM
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 NAI Burns Scalo
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Investment Insights
Based on property information with market context.
This for-sale sublease opportunity offers contemporary office interior spaces designed with versatile floor plans and an open layout. The property is presented as meticulously maintained, with abundant natural light throughout to support a productive work environment.
Located at 5015 West Waters Avenue in Tampa, the property is positioned along Waters Ave and described as providing high street visibility. It also offers convenient access to major roadways and ample parking for tenants and visitors.
Available for occupancy under a lease expiration date listed as 12/31/2034, the space is presented as an inviting and well-kept option for professional office use.
Located at 5015 West Waters Avenue in Tampa, the property is positioned along Waters Ave and described as providing high street visibility. It also offers convenient access to major roadways and ample parking for tenants and visitors.
Available for occupancy under a lease expiration date listed as 12/31/2034, the space is presented as an inviting and well-kept option for professional office use.
Key Highlights
- Contemporary office suites with versatile floor plans and an open floorplan
- Abundant natural light throughout the interior spaces
- Ample parking for tenants and visitors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$298,980
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,979,600
$6.0M
Cap Rate 7%
$4,271,143
$4.3M
Cap Rate 9%
$3,322,000
$3.3M
Market Conditions
NOI Build-Up for 22,000 SF
Gross rent
$528.0K $24.00/SF
− Vacancy
−$129.4K −$5.88/SF
EGI
$398.6K $18.12/SF
− OpEx
−$99.7K −$4.53/SF
NOI
$299.0K $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%
$5,979,600
Cap Rate 7%
$4,271,143
Cap Rate 9%
$3,322,000
Alternative Uses
Best Use
Office B
$4.27M
$3.74M – $4.98M
NOI $298,980 @ 7.0% cap · market cap 1,494,900.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.13M
$4.48M – $5.98M
NOI $358,776 @ 7.0% cap · market cap 1,793,880.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
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Business Placement
Demographics for 33634, FL
21,465
Population
8,219
Households
2.6
Avg Household Size
39
Median Age
28%
College-Educated
89%
High-School Grad
8.4 sq mi
ZIP Area
2,555
Density / Sq Mi
$69,185
Median Household Income
$37,539
Median Earnings
$1,719
Median Rent
$310,900
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 - Contemporary office suites with versatile floor plans, abundant natural light, and ample parking.
Where is this office unit located?
The property is located at 5015 West Waters Avenue Tampa, FL.
What are key features of this property?
This property features: Contemporary office suites with versatile floor plans and an open floorplan; Abundant natural light throughout the interior spaces; Ample parking for tenants and visitors
