Corner-Lot Flex Industrial
For Sale
$475,000
5306 W COMMERCE ST, Tampa, FL 33616
Fenced commercial facility with flexible warehouse, light industrial, and owner-user potential.
Property Size1,680 SF
Days on Market17
Property Features for 5306 W COMMERCE ST
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Warehouse
Site & Location
Road Access
Yes
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$2,705
Building Details
Building Size
1,680 SF
Year Built
1963
Listing Agency:
ALIGN RIGHT REALTY LLC
Listed By:
Johnny Loewy · License #3391014
(813) 743-4663
Source:
Judibeck
Added: Sep 11
Changed: Sep 18
Last Checked: Sep 26 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 ALIGN RIGHT REALTY LLC
Investment Insights
Based on property information with market context.
Built in 1963, this flex industrial property offers a warehouse-oriented commercial building on a fenced corner lot. The space is positioned for customization and can support warehouse, light industrial, flex-space, or owner-user operations, subject to the buyer’s requirements.
The property is located at 5306 W Commerce St in Tampa, Florida, between Commerce Street and Ingraham Street. A tenant currently occupies the building under a short-term lease and is willing to remain. The lease also includes an early termination provision, creating a path for a buyer seeking occupancy. The fenced site adds security and usable exterior area, while the corner position provides convenient access and street exposure.
The property is located at 5306 W Commerce St in Tampa, Florida, between Commerce Street and Ingraham Street. A tenant currently occupies the building under a short-term lease and is willing to remain. The lease also includes an early termination provision, creating a path for a buyer seeking occupancy. The fenced site adds security and usable exterior area, while the corner position provides convenient access and street exposure.
Key Highlights
- Flex industrial building constructed in 1963
- Fenced corner lot between Commerce Street and Ingraham Street
- Current tenant in place under a short‑term lease
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,776
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$495,520
$495.5K
Cap Rate 7%
$353,943
$353.9K
Cap Rate 9%
$275,289
$275.3K
Market Conditions
NOI Build-Up for 1,680 SF
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.
Gross rent
$30.8K $18.36/SF
− Vacancy
−$1.7K −$1.01/SF
EGI
$29.1K $17.35/SF
− OpEx
−$4.4K −$2.60/SF
NOI
$24.8K $14.75/SF
Area
Tampa, FL
Vacancy
5.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$495,520
Cap Rate 7%
$353,943
Cap Rate 9%
$275,289
Alternative Uses
Best Use
Warehouse
$353.9K
$309.7K – $412.9K
NOI $24,776 @ 7.0% cap · market cap 5.22%
Second Best
Flex RnD
$316.7K
$277.2K – $369.5K
NOI $22,172 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$391.4K
$342.5K – $456.6K
NOI $27,397 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33616, FL
14,802
Population
7,068
Households
2.1
Avg Household Size
36
Median Age
47%
College-Educated
96%
High-School Grad
3.9 sq mi
ZIP Area
3,795
Density / Sq Mi
$88,971
Median Household Income
$54,946
Median Earnings
$1,794
Median Rent
$369,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Fenced commercial facility with flexible warehouse, light industrial, and owner-user potential.
Where is this flex space located?
The property is located at 5306 W COMMERCE ST Tampa, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Flex industrial building constructed in 1963; Fenced corner lot between Commerce Street and Ingraham Street; Current tenant in place under a short‑term lease
