Class A Office Condominium with
For Sale
$3,650,000
5550 W Executive Drive 250 TAMPA, Tampa, FL 33609
Class A professional office condominium offering expansive waterfront views, multiple private balconies, and reserved covered parking.
Property Size7,533 SF
Price / SF$484.53
Days on Market56
Property Features for 5550 W Executive Drive 250 TAMPA
General Information
Standard status
Active
Size
7,533 SF
Class
A
Zoning
M-AP-4
Taxes and HOA fees
Annual Taxes
$47,177
Amenities
Other
Carpet
true
5
Double Pane Windows,Low-Emissivity Windows,Shades
Public Records
Mature Landscaping,Trees/Landscaped
Central Business District,Cul-De-Sac,Curb and Gutters,Fire Hydrant,Flood Insurance Required,FloodZone,City Lot,Landscaped,Oversized Lot,Retention Areas,Retention Pond,Street Lights,Waterfront
Public
2
1.93
1
false
Deeded,Electric Vehicle Charging Station(s),Ground Level,Lighted,Over 30 Spaces,Under Building
Paved,Asphalt
Slab
Street Lights,Street Paved,City Street
7533
Public Maintained Road
Building Details
Building Size
7,533 SF
Year Built
2007
Buildings
1
Stories
5
Listing Agency:
THE REAL ESTATE COLLECTION LLC
(407) 656-7814
Listed By:
Elimar Moran · License #3121297
(407) 656-7814
Source:
Therealestatecollection
Added: Jul 5
Changed: Aug 27
Last Checked: Aug 29 at 7:20AM
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 THE REAL ESTATE COLLECTION LLC
Investment Insights
Based on property information with market context.
This Class “A” professional office condominium is set up to deliver a high-end work environment, with expansive water views and multiple private balconies. The space is described as having extraordinary design and finishes throughout the building, creating a polished presence for clients and daily operations. Reserved, covered parking is also included, supporting convenient arrivals and tenant mobility.
Located at 5550 W Executive Drive, unit 250, in the Westshore CBD with a waterfront setting, the property benefits from a distinctive backdrop that is uncommon for typical office condominiums. The combination of water views and private outdoor space can be especially valuable for teams that prioritize a more premium, client-friendly atmosphere.
For buyers seeking a Class A office condominium, this asset provides a branded, finish-forward office footprint with private balcony access and covered parking. It is well suited for professional services and other office users looking for an ownership structure in a building positioned as Class “A,” while taking advantage of the property’s water-view character and reserved parking convenience.
Located at 5550 W Executive Drive, unit 250, in the Westshore CBD with a waterfront setting, the property benefits from a distinctive backdrop that is uncommon for typical office condominiums. The combination of water views and private outdoor space can be especially valuable for teams that prioritize a more premium, client-friendly atmosphere.
For buyers seeking a Class A office condominium, this asset provides a branded, finish-forward office footprint with private balcony access and covered parking. It is well suited for professional services and other office users looking for an ownership structure in a building positioned as Class “A,” while taking advantage of the property’s water-view character and reserved parking convenience.
Key Highlights
- Class A professional office condominium, built in 2007
- 5 stories with 1 building and 7,533 total building area
- Multiple private balconies and double pane / low‑emissivity windows with shades
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
$102,373
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
2.80%
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%
$2,047,460
$2.0M
Cap Rate 7%
$1,462,471
$1.5M
Cap Rate 9%
$1,137,478
$1.1M
Market Conditions
NOI Build-Up for 7,533 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
$180.8K $24.00/SF
− Vacancy
−$44.3K −$5.88/SF
EGI
$136.5K $18.12/SF
− OpEx
−$34.1K −$4.53/SF
NOI
$102.4K $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 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%
$2,047,460
Cap Rate 7%
$1,462,471
Cap Rate 9%
$1,137,478
Alternative Uses
Best Use
Office B
$1.46M
$1.28M – $1.71M
NOI $102,373 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.54M – $2.05M
NOI $122,848 @ 7.0% cap · market cap 3.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,256
Businesses Nearby
Explore this area
Business Placement
Demographics for 33609, FL
17,902
Population
9,169
Households
2
Avg Household Size
38
Median Age
63%
College-Educated
94%
High-School Grad
4.0 sq mi
ZIP Area
4,476
Density / Sq Mi
$105,083
Median Household Income
$66,567
Median Earnings
$1,818
Median Rent
$526,000
Median Home Value
Market
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Class A professional office condominium offering expansive waterfront views, multiple private balconies, and reserved covered parking.
Where is this office units located?
The property is located at 5550 W Executive Drive 250 TAMPA Tampa, FL.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: Class A professional office condominium, built in 2007; 5 stories with 1 building and 7,533 total building area; Multiple private balconies and double pane / low‑emissivity windows with shades
