Two-Story Flex Space with Adaptable
5021 W Nassau St, Tampa, FL 33607
For Sale
$1,395,000
Zoned M-AP-1 and partially within FEMA Flood Zone AE, featuring an approximately 8,472 SF, two-floor facility with adaptable interior layout.
Property Size8,472 SF
Lot Size0.62 Acres
Price / SF$200.72
Days on Market101
Property Features for 5021 W Nassau St
General Information
Standard status
Size
Net Rentable
Lot size
Zoning
Space & Availability
Available Space
Contiguous Space
Site & Location
Neighborhood
Building Details
Year Built
Stories
Building Size
Construction
Listing Agency:
RE/MAX REALTEC GROUP INC
Listed By:
Mark Ganier · License #201
(727) 403-5611
Source:
Livewelltampabay
Added: Jul 29
Changed: Oct 25
Last Checked: Oct 7 at 3:30PM
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 RE/MAX REALTEC GROUP INC
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Investment Insights
Based on property information with market context.
This flex space features a metal two-story building with interior walls constructed of drywall. The prior use was a communications and radio broadcasting studio, and the current build-out includes limited warehouse space that may be adaptable to different configurations. A floor plan is available showing the layout of the first and second floors.
The site is approximately 0.62 acres and includes an existing building of approximately 8,472 square feet, originally built in 1978. The parcel is zoned M-AP-1 and is partially within FEMA Flood Zone AE, so any redevelopment, financing, or insurance review should account for floodplain requirements.
The property is located in Tampa’s Westshore/Airport submarket near Tampa International Airport and major regional transportation corridors, providing convenient access within the Tampa Bay market for businesses that want centralized operations.
The site is approximately 0.62 acres and includes an existing building of approximately 8,472 square feet, originally built in 1978. The parcel is zoned M-AP-1 and is partially within FEMA Flood Zone AE, so any redevelopment, financing, or insurance review should account for floodplain requirements.
The property is located in Tampa’s Westshore/Airport submarket near Tampa International Airport and major regional transportation corridors, providing convenient access within the Tampa Bay market for businesses that want centralized operations.
Key Highlights
- Zoned M‑AP‑1 with part of the parcel in FEMA Flood Zone AE
- Approximately 0.62‑acre site
- Existing building approximately 8,472 SF, originally built in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,723
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,834,460
$1.8M
Cap Rate 7%
$1,310,329
$1.3M
Cap Rate 9%
$1,019,144
$1.0M
Market Conditions
NOI Build-Up for 6,950 SF
Gross rent
$150.1K $21.60/SF
− Vacancy
−$9.0K −$1.30/SF
EGI
$141.1K $20.30/SF
− OpEx
−$49.4K −$7.11/SF
NOI
$91.7K $13.20/SF
Area
Tampa, FL
Vacancy
6.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,834,460
Cap Rate 7%
$1,310,329
Cap Rate 9%
$1,019,144
Alternative Uses
Best Use
Flex RnD
$1.31M
$1.15M – $1.53M
NOI $91,723 @ 7.0% cap · market cap 6.58%
Second Best
Industrial
$1.21M
$1.06M – $1.41M
NOI $84,409 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,341 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,822
Businesses Nearby
Well-served
Demand for This Use
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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
$316,100
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Tampa, FL
Properties on Market for Flex space in Tampa
Vacancy Rate% for Industrial in Tampa, FL
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Frequently Asked Questions
What type of property is this?
Flex space - Zoned M-AP-1 and partially within FEMA Flood Zone AE, featuring an approximately 8,472 SF, two-floor facility with adaptable interior layout.
Where is this flex space located?
The property is located at 5021 W Nassau St Tampa, FL.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Zoned M‑AP‑1 with part of the parcel in FEMA Flood Zone AE; Approximately 0.62‑acre site; Existing building approximately 8,472 SF, originally built in 1978
