Warehouse with Dock
For Sale
Contact for pricing
5908 Breckenridge Pkwy, Tampa, FL 33610
Warehouse with high and low dock, ramp, and office.
Property Size40,780 SF
Price / SF$171.63
Days on Market914
Property Features for 5908 Breckenridge Pkwy
General Information
Standard status
Active
Size
40,780 SF
Property subtype
Office
Investment Type
Owner/User
Listing Agency:
European Equities Corporation
Listed By:
Chris Niewiarowski · License #SL3305127
(727) 723-3771
Source:
Crexi
Added: Mar 22, 2024
Changed: Sep 16
Last Checked: Sep 20 at 7:36AM
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 European Equities Corporation
Investment Insights
Based on property information with market context.
This property features a nearly 5,000 square foot warehouse with both high and low dock access, including two dock doors and a ramp. The clear height within the warehouse ranges from 15 to 18 feet. The property is located within Breckenridge Park, which offers two points of ingress and egress from Highway 301. The property is currently occupied as a headquarters and is zoned for general commercial use. The HVAC units were replaced between 2016 and 2019. A sprinkler and alarm system are in place.
Key Highlights
- General commercial zoning offers versatile possibilities.
- Approximately 5,000 sf warehouse space.
- High and low dock with 2 dock doors and ramp for easy loading.
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
$480,238
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
6.86%
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%
$9,604,760
$9.6M
Cap Rate 7%
$6,860,543
$6.9M
Cap Rate 9%
$5,335,978
$5.3M
Market Conditions
NOI Build-Up for 40,780 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
$851.5K $20.88/SF
− Vacancy
−$211.2K −$5.18/SF
EGI
$640.3K $15.70/SF
− OpEx
−$160.1K −$3.93/SF
NOI
$480.2K $11.78/SF
Area
ZIP 33610
Vacancy
24.80%
Lease Rate
$20.88 /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%
$9,604,760
Cap Rate 7%
$6,860,543
Cap Rate 9%
$5,335,978
Alternative Uses
Best Use
Office B
$6.86M
$6.00M – $8.00M
NOI $480,238 @ 7.0% cap · market cap 6.86%
Second Best
Warehouse
$4.55M
$3.98M – $5.31M
NOI $318,394 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$9.41M
$8.23M – $10.97M
NOI $658,385 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33610, FL
45,218
Population
17,995
Households
2.5
Avg Household Size
34
Median Age
19%
College-Educated
82%
High-School Grad
18.0 sq mi
ZIP Area
2,512
Density / Sq Mi
$49,765
Median Household Income
$34,773
Median Earnings
$1,307
Median Rent
$210,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with high and low dock, ramp, and office.
Where is this warehouse located?
The property is located at 5908 Breckenridge Pkwy Tampa, FL.
What is the asking price?
The asking price for this property is $6,999,000.
What are key features of this property?
This property features: General commercial zoning offers versatile possibilities.; Approximately 5,000 sf warehouse space.; High and low dock with 2 dock doors and ramp for easy loading.
