Freestanding Two-Story Retail
For Sale
$1,049,000
5519 HANLEY ROAD, Tampa, FL 33634
Freestanding two-story commercial building with first-floor print shop tenancy and a remodeled second-floor medical spa space.
Property Size3,014 SF
Price / SF$348.04
Days on Market55
Property Features for 5519 HANLEY ROAD
General Information
Standard status
Active
Size
3,014 SF
Property subtype
Mixed Use
Zoning
CG
Taxes and HOA fees
Annual Taxes
$7,490
Amenities
Central Air
3
Security Lighting. County Road, Asphalt.
Building Details
Year Built
1971
Stories
2
Tenancy
Multi
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Yuly Vazquez-Enriquez · License #3157560
Source:
Xome
Added: Jul 4
Changed: Aug 24
Last Checked: Aug 26 at 5:55AM
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 DALTON WADE INC
Investment Insights
Based on property information with market context.
This freestanding, two-story commercial building totals approximately 3,014 square feet, with roughly 1,500 square feet per floor. The property includes a leased first-floor print shop tenant and a remodeled second-floor space currently occupied by a medical spa operator. The second floor features multiple private treatment rooms, plumbing in the rooms with hot and cold water access, and updated interior finishes.
The building is zoned CG (Commercial General). Improvements include a recently installed new roof and an updated front entry door. The property is located along a high-traffic corridor with strong street exposure and accessibility within a well-established commercial area.
Additional lease details, income, and financials are available upon request with an NDA. Owner financing may be available for qualified buyers, with final terms subject to underwriting and approval. A medical spa business operating on the second floor is listed as optionally sold separately; the business is not included in the real estate sale.
The building is zoned CG (Commercial General). Improvements include a recently installed new roof and an updated front entry door. The property is located along a high-traffic corridor with strong street exposure and accessibility within a well-established commercial area.
Additional lease details, income, and financials are available upon request with an NDA. Owner financing may be available for qualified buyers, with final terms subject to underwriting and approval. A medical spa business operating on the second floor is listed as optionally sold separately; the business is not included in the real estate sale.
Key Highlights
- Freestanding two‑story commercial building on a high‑traffic corridor with strong daily street exposure.
- Total approx. 3,014 SF: about 1,500 SF per floor with a two‑story layout.
- CG (Commercial General) zoning supports a wide range of commercial uses.
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
$35,888
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
3.42%
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%
$717,760
$717.8K
Cap Rate 7%
$512,686
$512.7K
Cap Rate 9%
$398,756
$398.8K
Market Conditions
NOI Build-Up for 3,014 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
$54.3K $18.00/SF
− Vacancy
−$3.0K −$0.99/SF
EGI
$51.3K $17.01/SF
− OpEx
−$15.4K −$5.10/SF
NOI
$35.9K $11.91/SF
Area
Tampa, FL
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$717,760
Cap Rate 7%
$512,686
Cap Rate 9%
$398,756
Alternative Uses
Best Use
Retail
$512.7K
$448.6K – $598.1K
NOI $35,888 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$702.2K
$614.4K – $819.2K
NOI $49,152 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,058
Businesses Nearby
302k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 30%
Shops & Services 29%
Apparel 14%
Groceries 14%
Bravo Supermarkets
Groceries
42,431 visits/mo
0.3 miles
Wawa
Shops & Services
42,044 visits/mo
0.2 miles
T.J. Maxx
Apparel
36,061 visits/mo
0.1 miles
McDonald's
Dining
28,345 visits/mo
0.4 miles
Golden Corral
Dining
26,311 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in Tampa, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Vivant Medical Wellness — 6214 Memorial Hwy Suite B, Tampa, FL 33615, United States
- Vivant Medical Group: Daphnee Moise-Johnson, MD — 6214 Memorial Hwy Suite B, Tampa, FL 33615
- Vantage Point Counseling & Wellness — *COVID-19 alert* *TeleHealth Sessions*, 6601 Memorial Hwy, Tampa, FL 33615
- Soonja Yoon — 7034 W Hillsborough Ave, Tampa, FL 336344948
- Enhance Wellness Clinic / Opening Soon — 5413 Golden Dr, Tampa, FL 33634
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Freestanding two-story commercial building with first-floor print shop tenancy and a remodeled second-floor medical spa space.
Where is this spa & wellness property located?
The property is located at 5519 HANLEY ROAD Tampa, FL.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Freestanding two‑story commercial building on a high‑traffic corridor with strong daily street exposure.; Total approx. 3,014 SF: about 1,500 SF per floor with a two‑story layout.; CG (Commercial General) zoning supports a wide range of commercial uses.
