Limited-Service Motel on Hard
For Sale
Contact for pricing
6409 S Dale Mabry Hwy, Tampa, FL 33611
Single-story 14-room motel on a signalized CG commercial-general corner with asphalt parking and an on-site apartment.
Property Size7,044 SF
Lot Size0.41 Acres
Price / SF$240.99
Days on Market15
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
RETAIL
Zoning
CG
Site & Location
Corner Location
Yes
Traffic Count
50,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
high-speed internet
Building Details
Year Built
1969
Year Renovated
2000
Buildings
1
Stories
1
Construction
concrete block
Listing Agency:
CENTURY 21 J W Morton Real Estate, Inc.
(352) 400-2635
Listed By:
Elias George Kirallah · License #3123414
(352) 400-2635
Source:
Moodyscre
Added: Jul 23
Changed: Jul 30
Last Checked: Jul 30 at 5:56AM
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.
6409 S Dale Mabry Hwy is a single-story, 14-room limited-service motel operating as the Base Motel by OYO. The property includes a concrete block building with 7,044 SF total area, with 5,688 SF heated/conditioned. Guest access is provided through exterior corridors, and the building includes high-speed internet. An asphalt-paved parking field with 24 spaces supports day-to-day operations, along with a built-in on-site residential apartment with Central AC.
The site sits on a signalized hard corner of S Dale Mabry Highway and Interbay Boulevard, positioned on a major commercial corridor in South Tampa. The parcel totals 0.41 acres (18,064 SF) and provides over 338 feet of frontage on S Dale Mabry Hwy. The property is zoned CG - Commercial General for the City of Tampa.
Built in 1969 and renovated in 2000, the flexible corner exposure and commercial-general zoning support adaptation beyond hospitality, including live/work professional offices and studios or retail suites. The property’s current configuration and improvements provide a ready base for an owner-operator, investor, or developer.
The site sits on a signalized hard corner of S Dale Mabry Highway and Interbay Boulevard, positioned on a major commercial corridor in South Tampa. The parcel totals 0.41 acres (18,064 SF) and provides over 338 feet of frontage on S Dale Mabry Hwy. The property is zoned CG - Commercial General for the City of Tampa.
Built in 1969 and renovated in 2000, the flexible corner exposure and commercial-general zoning support adaptation beyond hospitality, including live/work professional offices and studios or retail suites. The property’s current configuration and improvements provide a ready base for an owner-operator, investor, or developer.
Key Highlights
- Single‑story 14‑room limited‑service motel with exterior corridors
- 7,044 SF concrete block building; 5,688 SF heated/conditioned
- 0.41‑acre corner parcel with over 338 ft frontage on S Dale Mabry Hwy
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
$95,728
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
5.64%
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%
$1,914,560
$1.9M
Cap Rate 7%
$1,367,543
$1.4M
Cap Rate 9%
$1,063,644
$1.1M
Market Conditions
NOI Build-Up for 7,044 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
$169.1K $24.00/SF
− Vacancy
−$41.4K −$5.88/SF
EGI
$127.6K $18.12/SF
− OpEx
−$31.9K −$4.53/SF
NOI
$95.7K $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%
$1,914,560
Cap Rate 7%
$1,367,543
Cap Rate 9%
$1,063,644
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $95,728 @ 7.0% cap · market cap 5.64%
Second Best
Mixed Use
$1.36M
$1.19M – $1.58M
NOI $95,094 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$1.64M
$1.44M – $1.91M
NOI $114,874 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
50,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
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
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- 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 - Single-story 14-room motel on a signalized CG commercial-general corner with asphalt parking and an on-site apartment.
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: Single‑story 14‑room limited‑service motel with exterior corridors; 7,044 SF concrete block building; 5,688 SF heated/conditioned; 0.41‑acre corner parcel with over 338 ft frontage on S Dale Mabry Hwy
