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 Market104
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
Listed By:
Elimar Moran
(407) 656-7814
Source:
Therealestatecollection
Added: Jul 5
Changed: Oct 14
Last Checked: Oct 7 at 9:56AM
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 Elimar Moran
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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 / Yr
$102,373
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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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 - 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
