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34-Unit Garden-Style Apartment Community

5901 BRYCE Lane, Tampa, FL 33615

For Sale
$4,052,000

Commercial Sale, TAMPA, FL

Property Size18,277 SF
Lot Size1.78 Acres
Price / SF$221.70
Days on Market51

Property Features for 5901 BRYCE Lane

General Information

Property type Commercial Sale
Property subtype Other
Property condition Under Construction
Zoning RMC-16
Subdivision UNPLATTED
Directions Take Exit 39 (SR 60 W / Memorial Hwy, toward Tampa International Airport), pick up Veterans Expressway (SR 589) North, exit onto Hillsborough Ave (SR 580) heading west to Sheldon Road, continue north on Memorial Hwy/Sheldon Rd, then left on Mohr Road - Bryce Lane is the 2nd right, roughly 12-18 minutes total.
Standard status Active
APN U-34-28-17-ZZZ-000000-40670.0
Size 18,277 SF
Lot size 1.78 Acres

Additional Details

Tenant in Place Yes
Individually Metered Utilities electricity

Taxes and HOA fees

Tax Year 2025
Tax Description COM AT NE COR OF SE 1/4 S 265 FT E 141.03 FT TO W R/W OF SHELDON RD S 104.72 FT TO N R/W OF MOHR RD S 53 DEG 36 MIN 20 SEC W 261 FT TO POB N 36 DEG 23 MIN 40 SEC W 109 FT S 53 DEG 36 MIN 20 SEC W 22 FT N 39 DEG 30 MIN 00 SEC W 107 FT N 15 DEG 44 MIN 29 SEC W 157.50 FT S 74 DEG 19 MIN 55 SEC W 90 FT S 01 DEG 49 MIN 56 SEC W 502.91 FT TO N R/W OF MOHR RD N 53 DEG 36 MIN 20 SEC E 367.61 FT TO POB LESS R/W BEG 369.72 FT S OF NE COR OF E 1/2 OF SE 1/4 RUN S 53 DEG 36 MIN 20 SEC W 261 FT FOR POB THN R UN S 54 DEG 14 MIN 106.51 FT N 52 DEG 40 MIN 39 SEC E 100.04 FT N 47 DEG 23 MIN 29 SEC E 6.55 FT AND S 35 DEG 45 MIN 57 SEC E 3.50 FT TO POB
Tax Annual Amount 41575
Legal Description COM AT NE COR OF SE 1/4 S 265 FT E 141.03 FT TO W R/W OF SHELDON RD S 104.72 FT TO N R/W OF MOHR RD S 53 DEG 36 MIN 20 SEC W 261 FT TO POB N 36 DEG 23 MIN 40 SEC W 109 FT S 53 DEG 36 MIN 20 SEC W 22 FT N 39 DEG 30 MIN 00 SEC W 107 FT N 15 DEG 44 MIN 29 SEC W 157.50 FT S 74 DEG 19 MIN 55 SEC W 90 FT S 01 DEG 49 MIN 56 SEC W 502.91 FT TO N R/W OF MOHR RD N 53 DEG 36 MIN 20 SEC E 367.61 FT TO POB LESS R/W BEG 369.72 FT S OF NE COR OF E 1/2 OF SE 1/4 RUN S 53 DEG 36 MIN 20 SEC W 261 FT FOR POB THN R UN S 54 DEG 14 MIN 106.51 FT N 52 DEG 40 MIN 39 SEC E 100.04 FT N 47 DEG 23 MIN 29 SEC E 6.55 FT AND S 35 DEG 45 MIN 57 SEC E 3.50 FT TO POB

Utilities

Cooling system Window Unit(s), Wall/Window Unit(s)

Building Details

Year built 1983
Floors in Building 1
Number of units 34
Building materials Metal Siding, Frame
Roof type Shingle
Buildings 5
Listing Agency: REALTY ONE GROUP ADVANTAGE
Listed By: Alex Khoyi · License FL BK3261907
Added: Sep 21 Changed: Nov 6 Last Checked: Nov 10 at 4:06AM
MLS# TB8550680

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.

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Investment Insights

Based on property information with market context.

This multifamily property includes 34 apartments distributed among five garden-style buildings on 1.78 acres. The community contains 18,277 square feet and was built in 1983, with shingle roofing, metal siding and frame construction. Cooling is provided through window and wall/window units. Electric service is separately metered for each apartment, while water is served through a master meter.

The property is located in Tampa’s 33615 ZIP code, with access to Tampa International Airport and the Veterans Expressway described as minutes away. The asset is 94% occupied and carries RMC-16 zoning. Recent property work includes flooring replacements dated 9/2025 and 11/2025, along with a water heater replacement completed in 7/2025. The in-place one-bedroom rent range is $925 to $1,250, with an average of $1,144.

Key Highlights

  • 34 units across 5 garden‑style buildings
  • 1.78‑acre site with 18,277 square feet
  • 94% occupied multifamily asset

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$198,353
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,967,060 $4.0M
Cap Rate 7%
$2,833,614 $2.8M
Cap Rate 9%
$2,203,922 $2.2M
Market Conditions
NOI Build-Up for 18,277 SF
Gross rent
$388.2K $21.24/SF
− Vacancy
−$27.6K −$1.51/SF
EGI
$360.6K $19.73/SF
− OpEx
−$162.3K −$8.88/SF
NOI
$198.4K $10.85/SF
Area
ZIP 33615
Vacancy
7.10%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,967,060
Cap Rate 7%
$2,833,614
Cap Rate 9%
$2,203,922

Alternative Uses

Best Use
Apartment 5plus
$2.83M
$2.48M – $3.31M (±1% cap)
NOI $198,353 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.70M
$4.99M – $6.65M (±1% cap)
NOI $399,005 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

34
Residential units
94%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,007
Businesses Nearby

Demographics for 33615, FL

47,434
Population
20,543
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
90%
High-School Grad
8.6 sq mi
ZIP Area
5,516
Density / Sq Mi
$66,257
Median Household Income
$38,858
Median Earnings
$1,586
Median Rent
$291,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Tampa, FL

$303 Jul
$232 Aug
$222 Sep
$198 Oct

Properties on Market for Apartment buildings in Tampa

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Five residential buildings provide individually metered electric service, window cooling, and a compact multifamily layout.
Where is this apartment building located?
The property is located at 5901 BRYCE Lane Tampa, FL.
What is the asking price?
The asking price for this property is $4,052,000.
What are key features of this property?
This property features: 34 units across 5 garden‑style buildings; 1.78‑acre site with 18,277 square feet; 94% occupied multifamily asset
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