Two-Story Mixed-Use
For Sale
Under Contract
$1,049,000
5519 HANLEY Road, Tampa, FL 33634
Commercial Sale, TAMPA, FL
Property Size3,014 SF
Lot Size0.15 Acres
Price / SF$348.04
Days on Market53
Property Features for 5519 HANLEY Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CG
Security features
Security Lighting
Subdivision
SWEETWATER CREEK SUB
Directions
From Hillsborough Ave, head north on Hanley Rd approx. 0.5 miles. Property on right at 5519 Hanley Rd.
Standard status
Active Under Contract
APN
U-36-28-17-0DD-000000-00036.1
Size
3,014 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SWEETWATER CREEK SUBDIVISION S 60 FT OF N 130 FT OF W 125 FT OF LOT 36 LESS R/W BEG AT SW COR OF SD TR RUN N 60 FT E 18.34 FT S 02 DEG W 60.03 FT AND W 17.02 FT TO POB
Tax Annual Amount
7490
Legal Description
SWEETWATER CREEK SUBDIVISION S 60 FT OF N 130 FT OF W 125 FT OF LOT 36 LESS R/W BEG AT SW COR OF SD TR RUN N 60 FT E 18.34 FT S 02 DEG W 60.03 FT AND W 17.02 FT TO POB
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer, Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1971
Floors in Building
2
Flooring type
Laminate, Concrete, Tile
Building materials
Block, Concrete
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Yuly Vazquez-Enriquez · License #3157560
(813) 862-7415
Added: Jul 6
Changed: Aug 24
Last Checked: Aug 27 at 6:06PM
MLS# TB8526453
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding mixed-use property contains approximately 3,014 square feet across two floors, with roughly 1,500 square feet on each level. The first floor is leased to a print shop, while the upper level is occupied by a medical spa operator. The second-floor space includes multiple private treatment rooms with hot and cold water connections, along with updated interior finishes.
The building includes a recently installed roof and an upgraded front entry door. Constructed in 1971, it features block and concrete materials, laminate, concrete, and tile flooring, central air conditioning, and electric heating. The property is zoned CG, or Commercial General, and is served by public water, public sewer, and available electricity.
The building includes a recently installed roof and an upgraded front entry door. Constructed in 1971, it features block and concrete materials, laminate, concrete, and tile flooring, central air conditioning, and electric heating. The property is zoned CG, or Commercial General, and is served by public water, public sewer, and available electricity.
Key Highlights
- Approximately 3,014 SF freestanding building on 0.15 acres
- Two‑story layout with roughly 1,500 SF per floor
- First floor leased to a print shop; second floor occupied by a medical spa operator
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
$40,689
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
3.88%
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%
$813,780
$813.8K
Cap Rate 7%
$581,271
$581.3K
Cap Rate 9%
$452,100
$452.1K
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
$72.3K $24.00/SF
− Vacancy
−$7.2K −$2.40/SF
EGI
$65.1K $21.60/SF
− OpEx
−$24.4K −$8.10/SF
NOI
$40.7K $13.50/SF
Area
Tampa, FL
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$813,780
Cap Rate 7%
$581,271
Cap Rate 9%
$452,100
Alternative Uses
Best Use
Mixed Use
$581.3K
$508.6K – $678.2K
NOI $40,689 @ 7.0% cap · market cap 3.88%
Second Best
Retail
$512.7K
$448.6K – $598.1K
NOI $35,888 @ 7.0% cap · market cap 3.42%
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
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - CG-zoned commercial property with leased first-floor space and a remodeled professional suite above.
Where is this mixed-use 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: Approximately 3,014 SF freestanding building on 0.15 acres; Two‑story layout with roughly 1,500 SF per floor; First floor leased to a print shop; second floor occupied by a medical spa operator
