Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5321 Fowler Ave Temple Terrace, FL 33617

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Temple Terrace Office Space Available

    Lot size:
    34,134 SF

    Property Features for 5321 Fowler Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    34,134 SF
    Class
    A
    Total Rate
    71112.5

    Building Details

    Year Built
    1987
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 5321 Fowler Ave, Temple Terrace, FL 33617 Contact us
    Unit 5405 E Fowler

    $25 /Mo

    Size
    1,353 SF
    Contact us
    Unit Available Space 4

    $25 /Mo

    Size
    1,577 SF
    Contact us

    We can help!

    Listing Contact
    Kevin Platt
    Kevin Platt

    Listing Agency: SMITH & ASSOCIATES REAL ESTATE Listing Agent: Kevin Platt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Terrace Ridge, a Class A, single-story office building totaling 34,134 square feet, presents a unique investment opportunity in the desirable Temple Terrace submarket. Located at the southwest corner of 56th and Fowler, this property boasts excellent visibility and accessibility from three streets. Built in 1987, the building sits on 4.71 acres of land and offers abundant surface parking. Currently, 5,521 square feet of space is available for lease, divisible into three suites ranging from approximately 1,353 to 1,634 contiguous square feet. The property is zoned CG and features a total of three suites. The building benefits from its strategic location near the University of South Florida and is anchored by a Carrabba's Italian Grill, adjacent to a recently redeveloped public space. This prime location offers high traffic counts and strong visibility, making it ideal for a variety of businesses. The landlord plans to divide the available space into three units, with approximate sizes of 1,353, 1,577, and 1,634 square feet, all anticipated to be available in the second quarter of 2024. The property's APN is 200659.0000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Temple Terrace
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.394041863955
    Latitude
    28.053370160044

    Nearby Similar for Lease

    • $30,000

      Upscale Office Space For Lease

      Professional office suite in Terrace Oaks, prime Fowler Avenue location.
      6953 E Fowler Ave, Temple Terrace, FL 33617
      View Details
    • Contact for pricing
      15,336 SF

      Class A Office Space Available

      Class A office building in Tampa Oaks Professional Park.
      12906 Tampa Oaks Blvd, Temple Terrace, FL 33637
      View Details
    • $29 SF/Yr
      12,211 SF

      Class A Office Space Available

      Office space for lease in Telecom Park, Temple Terrace.
      13008 Telecom Dr, Temple Terrace, FL 33637
      View Details
    • $51,262

      Medical Office Suite For Rent

      Move-in ready medical office suite with functional layout.
      10320 N 56Th St, Temple Terrace, FL 33617
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Temple Terrace

      Retail space available in a busy Temple Terrace shopping center.
      8707-8771 Temple Terrace Hwy, Temple Terrace, FL 33637
      View Details
    • Contact for pricing
      21,344 SF

      Telecom Drive Office Space

      Office space available for lease in Temple Terrace, Florida.
      12653 Telecom Dr, Temple Terrace, FL 33637
      View Details
    • Contact for pricing
      6,871 SF

      Move-in Ready Office Space

      Newly built-out office space with modern amenities available for rent.
      12470 Telecom Dr, Temple Terrace, FL 33637
      View Details
    • Contact for pricing
      3,882 SF

      Medical Office with Comprehensive Buildout

      Equipped medical office space with convenient access and dedicated parking.
      12666-12674 Telecom Dr, Temple Terrace, FL 33637
      View Details
    • $22 SF/Yr
      6,230 SF

      Temple Terrace Medical Office Space

      2,128 SF Medical Office for Lease in Florida
      9806 56Th St, Temple Terrace, FL 33617
      View Details
    • $24 SF/Yr
      50,931 SF

      Terrace Walk Plaza: USF Retail Space

      High-traffic retail space near USF. Excellent visibility & access.
      5671 Fowler Ave, Temple Terrace, FL 33617
      View Details
    • $21 SF/Yr
      120,720 SF

      Temple Terrace Office Complex

      Prime Tampa office space, ideal location.
      13005 Telecom Pkwy, Temple Terrace, FL 33637
      View Details

    FAQs

    What type of property is this?
    Restaurant - Temple Terrace Office Space Available
    Where is this restaurant located?
    The property is located at 5321 Fowler Ave Temple Terrace, FL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Class A, 34,134 SF retail, restaurant, and office building in Temple Terrace.; Single-story building with 3 suites, totaling 34,134 square feet.; 5,521 square feet of vacant space available, divisible into units ranging from 1,353 to 1,634 square feet.
    (813) 361-5878 Call to check price and availability
    Request Owner's contact information
    5321 Fowler Ave Temple Terrace, FL 33617
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5321 Fowler Ave
    Temple Terrace, FL 33617
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    5321 Fowler Ave Temple Terrace, FL 33617
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kevin Platt
    Kevin Platt
    Real Estate License ID: 512251
    (813) 361-5878 (813) 839-3800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!