Apartment Building with Central
New
For Sale
$1,409,700
8602-8606 N 14TH STREET, Tampa, FL 33604
Multifamily property with central air and RS-50 zoning in Tampa’s Hillsborough County.
Property Size5,330 SF
Price / SF$270.68
Days on Market5
Property Features for 8602-8606 N 14TH STREET
General Information
Standard status
Active
Size
5,330 SF
Property subtype
Residential Income
Zoning
RS-50
Taxes and HOA fees
Annual Taxes
$9,045
Amenities
Central Air
Central
Other
Building Details
Building Size
5,330 SF
Year Built
1986
Listing Agency:
YOU FIRST REALTY AND ASSOC LLC
(813) 458-6686
Listed By:
Ramez Lahham · License #3264260
(813) 458-6686
Source:
Evrealestate
Added: Aug 10
Changed: Aug 13
Last Checked: Aug 14 at 3:27AM
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 YOU FIRST REALTY AND ASSOC LLC
Investment Insights
Based on property information with market context.
This apartment building contains 5,208 square feet and was constructed in 1986. Central air and central heating are identified among the interior features, providing established building systems for the property.
The property is located at 8602-8606 N 14th Street in Tampa, within Hillsborough County. RS-50 zoning applies to the site. Access from FL-580 / E Busch Boulevard connects with N 12th Street, E Yukon Street, and N 14th Street.
The property is located at 8602-8606 N 14th Street in Tampa, within Hillsborough County. RS-50 zoning applies to the site. Access from FL-580 / E Busch Boulevard connects with N 12th Street, E Yukon Street, and N 14th Street.
Key Highlights
- 5,208‑square‑foot apartment building
- Built in 1986
- Central air and central heating
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
$56,520
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
4.01%
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%
$1,130,400
$1.1M
Cap Rate 7%
$807,429
$807.4K
Cap Rate 9%
$628,000
$628.0K
Market Conditions
NOI Build-Up for 5,208 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
$110.6K $21.24/SF
− Vacancy
−$7.9K −$1.51/SF
EGI
$102.8K $19.73/SF
− OpEx
−$46.2K −$8.88/SF
NOI
$56.5K $10.85/SF
Area
Tampa, FL
Vacancy
7.10%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
45.00%
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%
$1,130,400
Cap Rate 7%
$807,429
Cap Rate 9%
$628,000
Alternative Uses
Best Use
Apartment 5plus
$807.4K
$706.5K – $942.0K
NOI $56,520 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $84,932 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
Explore this area
Business Placement
Demographics for 33604, FL
39,071
Population
17,053
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
5,209
Density / Sq Mi
$55,988
Median Household Income
$39,537
Median Earnings
$1,326
Median Rent
$264,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with central air and RS-50 zoning in Tampa’s Hillsborough County.
Where is this apartment building located?
The property is located at 8602-8606 N 14TH STREET Tampa, FL.
What is the asking price?
The asking price for this property is $1,409,700.
What are key features of this property?
This property features: 5,208‑square‑foot apartment building; Built in 1986; Central air and central heating
