Class A Office
For Sale
$3,650,000
5550 W Executive Drive Unit 250, Tampa, FL 33609
Waterfront Class A office unit with private balconies and reserved, covered parking for convenient daily access.
Property Size7,533 SF
Price / SF$484.53
Days on Market74
Property Features for 5550 W Executive Drive Unit 250
General Information
Standard status
Active
Size
7,533 SF
Class
A
Property subtype
Office
Building Details
Year Built
2007
Listing Agency:
SMITH & ASSOCIATES REAL ESTATE
(813) 839-3800
Listed By:
Kevin Platt · License #512251
Source:
Xome
Added: May 18
Changed: Jul 6
Last Checked: Jun 14 at 1:32AM
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 SMITH & ASSOCIATES REAL ESTATE
Investment Insights
Based on property information with market context.
A Class “A” professional office condominium located within the Westshore CBD waterfront setting. The unit features expansive water views and includes multiple private balconies. The space is part of a condominium-style office building and is presented with attractive desk and extraordinary design and finishes throughout the property.
Access is supported by reserved, covered parking, providing day-to-day convenience for occupants and guests. The offering is positioned in the Westshore CBD waterfront area, appealing to tenants and buyers seeking a higher-end office environment with outdoor space.
For prospective buyers, this condominium office configuration is well suited for professionals who want a private, balcony-equipped workspace within a Class “A” building. The combination of waterfront views, multiple balconies, and covered parking supports a day-to-day office use that prioritizes both presentation and practical access.
Access is supported by reserved, covered parking, providing day-to-day convenience for occupants and guests. The offering is positioned in the Westshore CBD waterfront area, appealing to tenants and buyers seeking a higher-end office environment with outdoor space.
For prospective buyers, this condominium office configuration is well suited for professionals who want a private, balcony-equipped workspace within a Class “A” building. The combination of waterfront views, multiple balconies, and covered parking supports a day-to-day office use that prioritizes both presentation and practical access.
Key Highlights
- Waterfront Class A professional office condominium in Westshore CBD
- Expansive water views with multiple private balconies
- Reserved, covered parking for convenient daily access
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $180.8k | $24.00 |
| − Vacancy | −$44.3k | −$5.88 |
| EGI | $136.5k | $18.12 |
| − OpEx | −$34.1k | −$4.53 |
| NOI | $102.4k | $13.59 |
7,533 SF · lease $24.00/SF/yr · vacancy 24.50% · expense 25.00%
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
Current Use
Location Intelligence
Trade Area within ½ mile
1,846
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 - Waterfront Class A office unit with private balconies and reserved, covered parking for convenient daily access.
Where is this office units located?
The property is located at 5550 W Executive Drive Unit 250 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: Waterfront Class A professional office condominium in Westshore CBD; Expansive water views with multiple private balconies; Reserved, covered parking for convenient daily access
