Waterfront Office
For Sale
$3,650,000
5550 W Executive Dr Unit 250, Tampa, FL 33609
Office condominium offering water views, private balconies, and reserved covered parking.
Property Size7,533 SF
Price / SF$484.53
Days on Market57
Property Features for 5550 W Executive Dr Unit 250
General Information
Standard status
Active
Size
7,533 SF
Class
Class A
Amenities
water views
private balconies
Building Details
Year Built
2007
Listing Agency:
SMITH & ASSOCIATES REAL ESTATE
Listed By:
Kevin Platt · License #512251
(813) 361-5878
Source:
Livewelltampabay
Added: Aug 21
Changed: Oct 8
Last Checked: Oct 7 at 2:10PM
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
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Investment Insights
Based on property information with market context.
This office condominium contains 7,533 square feet and was built in 2007. The property includes multiple private balconies, reserved covered parking, and waterfront positioning with expansive water views. It is located at 5550 W Executive Dr Unit 250 in Tampa’s Westshore CBD.
Key Highlights
- 7,533 SF office condominium
- Waterfront setting with expansive water views
- Multiple private balconies
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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Property Analytics
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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
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Market
Vacancy Rate% for Office in Tampa, FL
Frequently Asked Questions
What type of property is this?
Office units - Office condominium offering water views, private balconies, and reserved covered parking.
Where is this office units located?
The property is located at 5550 W Executive Dr 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: 7,533 SF office condominium; Waterfront setting with expansive water views; Multiple private balconies
