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    Renovated Bungalow Office in Tampa Title is generated by Realmo AI

    707 W Swann Avenue, Tampa, FL 33606

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    For Sale
    $1,400,000

    South Tampa office in Hyde Park Village, 2,256 square feet.

    Type:OFC
    Property size:
    2,256 SF
    Price / SF:
    $620/SF
    Added:
    Nov 6, 2025
    Days on Market:
    199
    Last Refresh:
    Apr 3 at 4:53 am

    Property Features for 707 W Swann Avenue

    General Information

    Standard status
    Active
    Size
    2,256 SF
    Property subtype
    OFC

    Building Details

    Year Built
    1913

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    Listing Contact
    Elizabeth Menendez

    Listing agent Elizabeth Menendez

    Listing office Charles M. Clifton, LLC

    Listing date Nov 6, 2025

    Source Realnex

    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 Charles M. Clifton, LLC

    HighLights

    • Prime Hyde Park Village location in South Tampa, offering a prestigious and desirable business address.
    • RO‑1 zoning suitable for office use, totaling 2,256 square feet.
    • Convenient access to major transportation routes including Bayshore Boulevard and the Selmon Expressway.
    • Completely renovated bungalow office featuring a reception area, five offices, two conference rooms, a kitchen, and three restrooms (one ADA compliant).
    • Ample parking: 4 paved spaces (including 1 handicap) plus additional on‑street parking.
    • Handicap accessible building with ramp.

    Overview

    This 2,256-square-foot South Tampa bungalow office is in the heart of Hyde Park Village. Zoned RO-1, the property is located on W. Swann Avenue just east of South Boulevard, providing convenient access to Bayshore Boulevard, the Selmon Expressway, and Downtown Tampa, which is 1.5 miles away. Tampa International Airport is a 20-minute drive. The surrounding neighborhood is a hub for professional offices, offering a dynamic environment with various legal, financial, and medical practices in close proximity. This prime location not only provides accessibility to essential amenities, including shops and restaurants but also fosters networking opportunities and collaboration with neighboring businesses, making it an exceptional choice for those seeking a strategic and central workspace in Tampa. The completely renovated bungalow office includes paved parking with four spaces, including one handicap space, and additional on-street parking. The building is handicap accessible with a ramp. The interior features a reception area and waiting room with a separate reception desk, five offices, two conference rooms, a kitchen, and three restrooms, one of which is ADA compliant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kirkner Family Law ... Law Firm Kelli L. Mitchell ... Law Firm Legal Advocate Group, ... Law Firm Larkin Law Law Firm The Law Offices of Steven ... Law Firm

    Suggested Use

    Restaurant Dental Office Spa & Massage Center Real Estate Agency Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.467958
    Latitude
    27.9374508

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    FAQs

    What type of property is this?
    Office building - South Tampa office in Hyde Park Village, 2,256 square feet.
    Where is this office building located?
    The property is located at 707 W Swann Avenue Tampa, FL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Prime Hyde Park Village location in South Tampa, offering a prestigious and desirable business address.; RO‑1 zoning suitable for office use, totaling 2,256 square feet.; Convenient access to major transportation routes including Bayshore Boulevard and the Selmon Expressway.
    (863) 648-1528
    We can help!
    Listing Contact
    Elizabeth Menendez
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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