Four-Unit Office
New
For Sale
$1,400,000
7318 W COMANCHE Ave, Tampa, FL 33634
Two buildings with separately metered units support flexible occupancy and independent operations.
Property Size4,704 SF
Days on Market3
Property Features for 7318 W COMANCHE Ave
General Information
Standard status
Active
Size
4,704 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Office Units
4
Taxes and HOA fees
Annual Taxes
$15,716
Building Details
Building Size
4,704 SF
Year Built
2012
Buildings
2
Stories
1
Listing Agency:
LPT REALTY LLC
(813) 359-8990
Listed By:
Andrew Duncan · License #3294302
(813) 359-8990
Source:
Elliman
Added: Aug 5
Changed: Aug 6
Last Checked: Aug 7 at 2:49AM
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 LPT REALTY LLC
Investment Insights
Based on property information with market context.
This office property includes two buildings, each arranged with two separate units, for a total of four independently metered spaces. Individual utility metering supports separate operations across the property and accommodates owner-users, multiple tenants, or investment use. Both buildings were constructed in 2012.
The property is located at 7318 W Comanche Ave in Tampa’s Town ’n’ Country area, one block from the intersection of Hillsborough Avenue and Hanley Road. Access to the Veterans Expressway, Tampa International Airport, commercial corridors, shopping, dining, medical facilities, and nearby business centers supports regional connectivity. The setting is on a quiet street beside Sweetwater Creek, providing a more subdued environment near major transportation routes.
The buildings may be sold independently, offering flexibility for an owner-user or investor evaluating one building or both.
The property is located at 7318 W Comanche Ave in Tampa’s Town ’n’ Country area, one block from the intersection of Hillsborough Avenue and Hanley Road. Access to the Veterans Expressway, Tampa International Airport, commercial corridors, shopping, dining, medical facilities, and nearby business centers supports regional connectivity. The setting is on a quiet street beside Sweetwater Creek, providing a more subdued environment near major transportation routes.
The buildings may be sold independently, offering flexibility for an owner-user or investor evaluating one building or both.
Key Highlights
- Two buildings with two units in each building
- Four units are individually metered for utilities
- Constructed in 2012
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
$68,550
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
4.90%
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%
$1,371,000
$1.4M
Cap Rate 7%
$979,286
$979.3K
Cap Rate 9%
$761,667
$761.7K
Market Conditions
NOI Build-Up for 4,704 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
$124.2K $26.40/SF
− Vacancy
−$9.9K −$2.11/SF
EGI
$114.3K $24.29/SF
− OpEx
−$45.7K −$9.72/SF
NOI
$68.6K $14.57/SF
Area
Tampa, FL
Vacancy
8.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
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%
$1,371,000
Cap Rate 7%
$979,286
Cap Rate 9%
$761,667
Alternative Uses
Best Use
Healthcare Medical
$979.3K
$856.9K – $1.14M
NOI $68,550 @ 7.0% cap · market cap 4.90%
Second Best
Office B
$913.2K
$799.1K – $1.07M
NOI $63,927 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$1.10M
$958.9K – $1.28M
NOI $76,713 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Office units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,114
Businesses Nearby
Explore this area
Business Placement
Demographics for 33634, FL
21,465
Population
8,219
Households
2.6
Avg Household Size
39
Median Age
28%
College-Educated
89%
High-School Grad
8.4 sq mi
ZIP Area
2,555
Density / Sq Mi
$69,185
Median Household Income
$37,539
Median Earnings
$1,719
Median Rent
$310,900
Median Home Value
Market
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two buildings with separately metered units support flexible occupancy and independent operations.
Where is this office units located?
The property is located at 7318 W COMANCHE Ave 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: Two buildings with two units in each building; Four units are individually metered for utilities; Constructed in 2012
