Turnkey Office Condo For
For Sale
$349,900
5404 Hoover Boulevard Unit 8, Tampa, FL 33634
Modern 1,080 SF office condo in Tampa, Florida.
Property Size1,080 SF
Price / SF$323.98
Days on Market191
Property Features for 5404 Hoover Boulevard Unit 8
General Information
Standard status
Active
Size
1,080 SF
Building Details
Year Built
1980
Listing Agency:
SOUTH CEDAR REAL ESTATE, INC
Listed By:
Sydney Avolt
(813) 374-7907
Source:
Livewelltampabay
Added: Apr 9
Changed: Oct 6
Last Checked: Oct 7 at 3:32PM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,677
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,540
$293.5K
Cap Rate 7%
$209,671
$209.7K
Cap Rate 9%
$163,078
$163.1K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$25.9K $24.00/SF
− Vacancy
−$6.4K −$5.88/SF
EGI
$19.6K $18.12/SF
− OpEx
−$4.9K −$4.53/SF
NOI
$14.7K $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%
$293,540
Cap Rate 7%
$209,671
Cap Rate 9%
$163,078
Alternative Uses
Best Use
Office B
$209.7K
$183.5K – $244.6K
NOI $14,677 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$251.6K
$220.2K – $293.6K
NOI $17,613 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tampa, FL
Frequently Asked Questions
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 Unit 8 Tampa, FL.
What is the asking price?
The asking price for this property is $349,900.
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.
