Corner Motel Redevelopment
For Sale
$1,697,500
6409 S DALE MABRY Hwy, Tampa, FL 33611
Signalized hard-corner motel with significant frontage on Dale Mabry and CG zoning in Tampa.
Property Size7,044 SF
Lot Size0.41 Acres
Price / SF$298.44
Days on Market53
Property Features for 6409 S DALE MABRY Hwy
General Information
Standard status
Active
Size
7,044 SF
Total Parking Spaces
24
Lot size
0.41 Acres
Property subtype
Commercial
Zoning
CG
Additional Details
Business Included
Yes
Traffic Count
50,000 vehicles/day
Multifamily Units
14
Taxes and HOA fees
Annual Taxes
$16,635
Building Details
Building Size
7,044 SF
Year Built
1969
Year Renovated
2000
Stories
1
Units
15
Listing Agency:
Century 21 J W Morton Real Estate Inc
(352) 400-2635
Listed By:
Elias Kirallah · License #BK3123414
(352) 400-2635
Source:
Elliman
Added: Jun 25
Changed: Aug 14
Last Checked: Aug 16 at 7:29AM
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 Century 21 J W Morton Real Estate Inc
Investment Insights
Based on property information with market context.
Rare hard-corner commercial property on a signalized intersection at S Dale Mabry Highway and Interbay Boulevard. The site is improved with a single-story, concrete block building totaling approximately 17,044 SF, with about 15,688 SF heated/conditioned space. Built in 1969 and renovated in 2000, the property operates as the Base Motel by OYO and is configured with 14 limited-service rooms featuring exterior corridors and high-speed internet. The asphalt-paved parking field includes 24 spaces, and there is a built-in on-site residential apartment with central air conditioning.
The corner location provides approximately 338 feet of frontage along S Dale Mabry Highway in the City of Tampa. The property is zoned CG, Commercial General, offering flexibility for a variety of commercial uses beyond hospitality. The immediate area includes access to key South Tampa destinations, including MacDill Air Force Base, Picnic Island, Gadsden Park, Bayshore Boulevard, and the Gandy connector to St. Petersburg.
For investors, owner-users, and developers, the combination of corner exposure, generous highway frontage, and Commercial General zoning supports a range of repositioning options. The existing motel configuration can serve as an in-place hospitality foundation, while the CG zoning and adaptable footprint may also fit uses such as live/work professional space or retail suites, subject to applicable approvals and requirements.
The corner location provides approximately 338 feet of frontage along S Dale Mabry Highway in the City of Tampa. The property is zoned CG, Commercial General, offering flexibility for a variety of commercial uses beyond hospitality. The immediate area includes access to key South Tampa destinations, including MacDill Air Force Base, Picnic Island, Gadsden Park, Bayshore Boulevard, and the Gandy connector to St. Petersburg.
For investors, owner-users, and developers, the combination of corner exposure, generous highway frontage, and Commercial General zoning supports a range of repositioning options. The existing motel configuration can serve as an in-place hospitality foundation, while the CG zoning and adaptable footprint may also fit uses such as live/work professional space or retail suites, subject to applicable approvals and requirements.
Key Highlights
- Signalized hard‑corner location at S Dale Mabry Highway and Interbay Boulevard with 338+ ft of frontage on S Dale Mabry Hwy
- ±7,044 SF concrete block building (±5,688 SF heated/conditioned) built in 1969; renovated in 2000
- Currently operating as a 14‑room limited‑service motel (Base Motel by OYO) with exterior corridors and high‑speed internet
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
$77,300
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
4.55%
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%
$1,546,000
$1.5M
Cap Rate 7%
$1,104,286
$1.1M
Cap Rate 9%
$858,889
$858.9K
Market Conditions
NOI Build-Up for 5,688 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
$136.5K $24.00/SF
− Vacancy
−$33.4K −$5.88/SF
EGI
$103.1K $18.12/SF
− OpEx
−$25.8K −$4.53/SF
NOI
$77.3K $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 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%
$1,546,000
Cap Rate 7%
$1,104,286
Cap Rate 9%
$858,889
Alternative Uses
Best Use
Office B
$1.10M
$966.3K – $1.29M
NOI $77,300 @ 7.0% cap · market cap 4.55%
Second Best
Mixed Use
$1.10M
$959.9K – $1.28M
NOI $76,788 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,760 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
50,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,008
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33611, FL
34,101
Population
18,682
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
95%
High-School Grad
6.3 sq mi
ZIP Area
5,413
Density / Sq Mi
$82,804
Median Household Income
$63,797
Median Earnings
$1,681
Median Rent
$449,200
Median Home Value
Market
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
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Similar Off Market Nearby
- Mac Dill Motel — 6227 S Dale Mabry Hwy, Tampa, FL 33611
- Nika Corporate Housing — 6402 S Dale Mabry Hwy, Tampa, FL 33611
- Base Motel — 6409 S Dale Mabry Hwy, Tampa, FL 33611
- CASA NUEVA LOSA — 3617 Anderson Ave, Tampa, FL 33611
- Sleep Inn & Suites Tampa South — 6231 S Dale Mabry Hwy, Tampa, FL 33611
Frequently Asked Questions
What type of property is this?
Motel - Signalized hard-corner motel with significant frontage on Dale Mabry and CG zoning in Tampa.
Where is this motel located?
The property is located at 6409 S DALE MABRY Hwy Tampa, FL.
What is the asking price?
The asking price for this property is $1,697,500.
What are key features of this property?
This property features: Signalized hard‑corner location at S Dale Mabry Highway and Interbay Boulevard with 338+ ft of frontage on S Dale Mabry Hwy; ±7,044 SF concrete block building (±5,688 SF heated/conditioned) built in 1969; renovated in 2000; Currently operating as a 14‑room limited‑service motel (Base Motel by OYO) with exterior corridors and high‑speed internet
