Vacant Flex Space with
For Sale
$3,600,000
6806 Parke East Blvd, Tampa, FL 33610
Industrial facility offers immediate occupancy and a configuration that can support full or partial use.
Property Size21,912 SF
Days on Market59
Property Features for 6806 Parke East Blvd
General Information
Standard status
Active
Size
21,912 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
21,912 SF
Listing Agency:
MREIS AR Real Estate
(727) 579-8449
Listed By:
Nick Watson · License #SL3469703 (FL)
(727) 579-8449
Source:
Matthews
Added: Jul 3
Changed: Aug 30
Last Checked: Aug 30 at 12:57PM
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 MREIS AR Real Estate
Investment Insights
Based on property information with market context.
This flex-space property at 6806 Parke East Blvd is being offered vacant, allowing an owner-user to take occupancy without an existing tenant in place. The industrial facility includes functional improvements and yard area, with a layout that can accommodate use of the full building or a portion of the space. The configuration also supports leasing part of the property while retaining space for the owner’s operations.
The property is located in East Tampa with access to I-4, US-301, and the Selmon Expressway. The surrounding area includes logistics, building materials, manufacturing, warehousing, and service-oriented businesses. Regional connections extend throughout Tampa Bay, Orlando, and Central Florida, with access to the Port of Tampa Bay and Tampa International Airport.
The property is located in East Tampa with access to I-4, US-301, and the Selmon Expressway. The surrounding area includes logistics, building materials, manufacturing, warehousing, and service-oriented businesses. Regional connections extend throughout Tampa Bay, Orlando, and Central Florida, with access to the Port of Tampa Bay and Tampa International Airport.
Key Highlights
- Vacant delivery supports immediate occupancy
- Flex‑space configuration can accommodate full‑building or partial use
- Functional improvements and yard area included
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
$222,530
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
6.18%
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%
$4,450,600
$4.5M
Cap Rate 7%
$3,179,000
$3.2M
Cap Rate 9%
$2,472,556
$2.5M
Market Conditions
NOI Build-Up for 21,912 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
$368.1K $16.80/SF
− Vacancy
−$25.8K −$1.18/SF
EGI
$342.4K $15.62/SF
− OpEx
−$119.8K −$5.47/SF
NOI
$222.5K $10.16/SF
Area
ZIP 33610
Vacancy
7.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$4,450,600
Cap Rate 7%
$3,179,000
Cap Rate 9%
$2,472,556
Alternative Uses
Best Use
Flex RnD
$3.18M
$2.78M – $3.71M
NOI $222,530 @ 7.0% cap · market cap 6.18%
Second Best
Industrial
$2.01M
$1.76M – $2.35M
NOI $140,889 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$5.05M
$4.42M – $5.90M
NOI $353,765 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
482
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
Market
Vacancy Rate% for Industrial in Tampa, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial facility offers immediate occupancy and a configuration that can support full or partial use.
Where is this flex space located?
The property is located at 6806 Parke East Blvd Tampa, FL.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Vacant delivery supports immediate occupancy; Flex‑space configuration can accommodate full‑building or partial use; Functional improvements and yard area included
