Turnkey Office Condo For
5404 HOOVER BOULEVARD #8 Tampa, FL 33634
5404 HOOVER BOULEVARD #8, Tampa, FL, 33634
$359,000
For Sale
$359,000
Modern 1,080 SF office condo in Tampa, Florida.
Property Size1,080 SF
Price / SF$332.41
Days on Market100
Property Features for 5404 HOOVER BOULEVARD #8
General Information
- Standard status
- Active
- Size
- 1,080 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing Agency
SOUTH CEDAR REAL ESTATE, INC
(813) 374-7907
Listed by
SYDNEY AVOLT
Source
Corcoran
Added: Apr 9 Checked: Jul 17 at 2:30 am
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 SOUTH CEDAR REAL ESTATE, INC
Investment Insights
Based on property information with market context.
A 1,080+/- SF turnkey office condo is available for sale in the Stars and Stripes Commerce Park, situated along the Hillsborough Avenue corridor at the intersection of Hoover Blvd. and Hillsborough Ave., less than 1 mile east of the Veterans Expressway and a 10 minute drive from TPA. The suite features a clean, modern interior with a flexible layout. The space is designed with an open work area that can accommodate multiple workstations, along with a separate conference room for meetings and team collaboration. A kitchen and private restroom are also included, creating a practical and self-sufficient office setup. Interior updates include newer flooring and fresh paint, and the property also benefits from a recently replaced HVAC system (2023). The property is located in a well-maintained office park offering ample surface parking and easy access for employees and visitors. The owner is open to including some of the furniture as part of a sale. Zoned SPI-AP-4, the space supports a wide range of commercial uses- including professional office space, medical-related uses, creative services, and other business operations, making it a strong fit for both owner-users and investors.
Key Highlights
- Prime location: Hillsborough Avenue corridor, near Veterans Expressway and Tampa International Airport (TPA).
- Turnkey condition: Modern interior with newer flooring, fresh paint, and recently replaced HVAC (2023).
- Flexible layout: Open work area, separate conference room, kitchen, and private restroom.
Local 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 | $25.9k | $24.00 |
| − Vacancy | −$6.4k | −$5.88 |
| EGI | $19.6k | $18.12 |
| − OpEx | −$4.9k | −$4.53 |
| NOI | $14.7k | $13.59 |
1,080 SF · lease $24.00/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$209.7K
$183.5K – $244.6K
NOI $14,677 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$251.6K
$220.2K – $293.6K
NOI $17,613 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Aramark
Corporate Office
Zeke Lever USHEALTH ...
Insurance Agency
Josh Rawlings - US ...
Insurance Agency
Anthony Tingley - Health ...
Insurance Agency
South Avionics Training ...
Industrial Manufacturer
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FAQs
What type of property is this?
Office units - Modern 1,080 SF office condo in Tampa, Florida.
Where is this office units located?
The property is located at 5404 HOOVER BOULEVARD #8 Tampa, FL.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Prime location: Hillsborough Avenue corridor, near Veterans Expressway and Tampa International Airport (TPA).; Turnkey condition: Modern interior with newer flooring, fresh paint, and recently replaced HVAC (2023).; Flexible layout: Open work area, separate conference room, kitchen, and private restroom.
