Recently Renovated Office
5215 W Laurel St Tampa, FL 33607
For Sale
Contact for pricing
Recently renovated office building in Westshore with convenient access to Tampa International Airport and nearby commercial destinations.
Property Size22,796 SF
Price / SF$241.27
Days on Market625
Property Features for 5215 W Laurel St
General Information
Standard status
Active
Size
22,796 SF
Property subtype
OFFICE
Listing Agency:
CBRE | Tampa
(813) 273-8466
Listed By:
Jackson Kilcoyne
(813) 273-8466
Source:
Moodyscre
Added: Nov 12, 2024
Changed: Jul 28
Last Checked: Jul 29 at 12:41PM
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 CBRE | Tampa
Investment Insights
Based on property information with market context.
5215 W Laurel St is a recently renovated office building offered for sale. The property is set up as an office asset and totals 22,796 square feet.
The building is located in the heart of Westshore, with proximity to Tampa International Airport as well as International Plaza and Westshore. It also offers easy access to Downtown Tampa and Pinellas County.
As an office property with recent renovations, it presents an opportunity for buyers seeking a turn-key professional setting in a well-traveled area.
The building is located in the heart of Westshore, with proximity to Tampa International Airport as well as International Plaza and Westshore. It also offers easy access to Downtown Tampa and Pinellas County.
As an office property with recent renovations, it presents an opportunity for buyers seeking a turn-key professional setting in a well-traveled area.
Key Highlights
- Recently renovated office building
- Located in Westshore
- Convenient access to Tampa International Airport
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $547.1k | $24.00 |
| − Vacancy | −$134.0k | −$5.88 |
| EGI | $413.1k | $18.12 |
| − OpEx | −$103.3k | −$4.53 |
| NOI | $309.8k | $13.59 |
22,796 SF · lease $24.00/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.43M
$3.87M – $5.16M
NOI $309,798 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.31M
$4.65M – $6.20M
NOI $371,757 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Recently renovated office building in Westshore with convenient access to Tampa International Airport and nearby commercial destinations.
Where is this office building located?
The property is located at 5215 W Laurel St Tampa, FL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Recently renovated office building; Located in Westshore; Convenient access to Tampa International Airport
