Mixed-Use Property with Paved
For Sale
$695,000
7113 Causeway Blvd, Tampa, FL 33619
CI-zoned commercial property with a paved parking lot along Causeway Boulevard in Tampa’s Palm River-Clair Mel area.
Property Size1,470 SF
Price / SF$472.79
Days on Market29
Property Features for 7113 Causeway Blvd
General Information
Standard status
Active
Size
1,470 SF
Taxes and HOA fees
Annual Taxes
$6,817
Listing Agency:
EXP REALTY LLC
(813) 562-2334
Listed By:
Maria Leon PLLC · License #657962
(813) 562-2334
Source:
Exprealty
Added: Aug 3
Changed: Aug 29
Last Checked: Aug 30 at 7:18PM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This mixed-use commercial property was built in 1972 and carries CI zoning. The site includes a paved parking lot and is positioned along Causeway Boulevard in Tampa’s Palm River-Clair Mel area.
Regional access includes Interstate 75, US 301, and local roadways. The surrounding area features industrial, commercial, and residential uses, creating a varied business setting with connections to multiple transportation routes.
Regional access includes Interstate 75, US 301, and local roadways. The surrounding area features industrial, commercial, and residential uses, creating a varied business setting with connections to multiple transportation routes.
Key Highlights
- CI zoning supports the property’s commercial classification
- Paved parking lot included on site
- Located along Causeway Boulevard in Tampa’s Palm River‑Clair Mel area
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
$19,845
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
2.86%
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%
$396,900
$396.9K
Cap Rate 7%
$283,500
$283.5K
Cap Rate 9%
$220,500
$220.5K
Market Conditions
NOI Build-Up for 1,470 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
$35.3K $24.00/SF
− Vacancy
−$3.5K −$2.40/SF
EGI
$31.8K $21.60/SF
− OpEx
−$11.9K −$8.10/SF
NOI
$19.8K $13.50/SF
Area
Tampa, FL
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$396,900
Cap Rate 7%
$283,500
Cap Rate 9%
$220,500
Alternative Uses
Best Use
Mixed Use
$283.5K
$248.1K – $330.8K
NOI $19,845 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$342.5K
$299.7K – $399.6K
NOI $23,973 @ 7.0% cap · market cap 3.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Explore this area
Business Placement
Demographics for 33619, FL
39,881
Population
15,360
Households
2.6
Avg Household Size
35
Median Age
23%
College-Educated
83%
High-School Grad
27.5 sq mi
ZIP Area
1,450
Density / Sq Mi
$63,193
Median Household Income
$38,448
Median Earnings
$1,618
Median Rent
$220,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - CI-zoned commercial property with a paved parking lot along Causeway Boulevard in Tampa’s Palm River-Clair Mel area.
Where is this mixed-use property located?
The property is located at 7113 Causeway Blvd Tampa, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: CI zoning supports the property’s commercial classification; Paved parking lot included on site; Located along Causeway Boulevard in Tampa’s Palm River‑Clair Mel area
