Commercial Building on Armenia
6708 North Armenia Avenue Tampa, FL 33604
6708 North Armenia Avenue, Tampa, FL, 33604
$630,000
For Sale
$630,000
Freestanding, fully leased commercial building in thriving Egypt Lake-Leto.
Property Size1,368 SF
Price / SF$460.53
Days on Market243
Property Features for 6708 North Armenia Avenue
General Information
- Standard status
- Active
- Size
- 1,368 SF
- Property subtype
- Office
Building Details
- Year Built
- 1955
Listing agency
Florida Commercial Group
(813) 997-4321
Listed by
Tina Marie Eloian, CCIM · License #FL #BK653748
(813) 997-4321
Source
Sperrycga
Added: Nov 21, 2025 Updated: Jul 6 at 8:31AM Checked: Jul 21 at 3:57AM
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 Florida Commercial Group
Investment Insights
Based on property information with market context.
This fully leased, free-standing commercial building offers 1,368 square feet of space along N. Armenia Avenue in Egypt Lake-Leto. Situated on a 0.20-acre lot, the block-constructed building features central heating and cooling and has been fully renovated. The property's layout is versatile, suitable for division into multiple offices, an open office/workstation setup, or an office showroom. The rear of the property is gated and fenced for security. With 85 feet of frontage on N. Armenia Avenue, the location provides visibility and signage opportunities. The property is located in a Qualified HUB Zone. The site is located near W. Hillsborough Avenue, N. Dale Mabry Hwy., W. Sligh Avenue, N. Himes Avenue and Waters Avenue, with convenient access to the Veteran’s Expwy. and Interstate 275. It is approximately 12 minutes from Downtown Tampa and 15 minutes from Tampa International Airport. The surrounding area includes residential neighborhoods, commercial businesses, schools, and public transportation. The property is located near AdventHealth- Carrollwood, Al Lopez Park, Raymond James Stadium, and St. Joseph’s Hospital. Traffic counts along N. Armenia Avenue are 21,500 vehicles per day. The property's zoning is CG (General Commercial), and the highest and best use is professional office, retail storefront, or office showroom.
Key Highlights
- Prime location on N. Armenia Avenue with high traffic count and excellent visibility.
- Currently fully leased, providing immediate income potential.
- Located in a Qualified HUB Zone, offering potential tax benefits.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.8k | $24.00 |
| − Vacancy | −$8.0k | −$5.88 |
| EGI | $24.8k | $18.12 |
| − OpEx | −$6.2k | −$4.53 |
| NOI | $18.6k | $13.59 |
1,368 SF · lease $24.00/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$265.6K
$232.4K – $309.9K
NOI $18,591 @ 7.0% cap · market cap 2.95%
Second Best
Retail
$232.7K
$203.6K – $271.5K
NOI $16,289 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$318.7K
$278.9K – $371.8K
NOI $22,309 @ 7.0% cap · market cap 3.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Freestanding, fully leased commercial building in thriving Egypt Lake-Leto.
Where is this office building located?
The property is located at 6708 North Armenia Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Prime location on N. Armenia Avenue with high traffic count and excellent visibility.; Currently fully leased, providing immediate income potential.; Located in a Qualified HUB Zone, offering potential tax benefits.
