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    201 Franklin St Tampa, FL 33602

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    For Lease
    Contact for pricing

    Prestigious Tampa Office Space Available

    Lot size:
    757,425 SF

    Property Features for 201 Franklin St

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    757,425 SF
    Class
    A
    Total Rate
    1451731.25

    Building Details

    Year Built/Renovated
    1981/1994
    Stories
    38

    Spaces For Lease

    at 201 Franklin St, Tampa, FL 33602 Contact us
    Unit Suite 350

    $23 /Mo

    Size
    13,444 SF
    Contact us
    Unit Suite 400

    $23 /Mo

    Size
    27,660 SF
    Contact us
    Unit Suite 525

    $23 /Mo

    Size
    2,519 SF
    Contact us
    Unit Suite 1050

    $24 /Mo

    Size
    12,670 SF
    Contact us
    Unit Suite 1375

    $25 /Mo

    Size
    3,099 SF
    Contact us
    Unit Suite 1775

    $27 /Mo

    Size
    3,469 SF
    Contact us
    Unit Suite 1680

    $27 /Mo

    Size
    2,326 SF
    Contact us
    Unit Suite 2100

    $27 /Mo

    Size
    4,173 SF
    Contact us
    Unit Suite 2700

    $27 /Mo

    Size
    8,212 SF
    Contact us
    Unit Suite 1970

    $27 /Mo

    Size
    1,510 SF
    Contact us
    Unit Suite 3175

    $28 /Mo

    Size
    3,410 SF
    Contact us
    Unit Suite 3120

    $28 /Mo

    Size
    1,302 SF
    Contact us
    Unit Suite 3440

    $28 /Mo

    Size
    6,732 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Barry Oaks
    Barry Oaks

    Listing Agency: Cushman & Wakefield Tampa Listing Agent: Barry Oaks

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

    Learn more

    Property Insight Report

    Overview

    This Class A, 38-story Tampa City Center high-rise offers exceptional executive office space for lease. Located in Hillsborough County, this landmark building boasts a total of 757,425 square feet, with 98,309 square feet currently vacant. The property sits on a 1.01-acre lot and was originally constructed in 1981, undergoing a significant renovation in 1994. Multiple tenancy options are available, catering to a variety of business needs. Spaces range from a minimum of 1,978 square feet to a maximum contiguous space of 16,863 square feet, with 13 individual spaces currently available. The building's impressive size and modern amenities make it an ideal location for businesses seeking a prestigious and functional workspace in the heart of Tampa. The building's prime location offers excellent accessibility and visibility, enhancing the overall appeal for prospective tenants. This is a rare opportunity to secure high-quality office space in a well-established and highly sought-after building. Contact us today to learn more about the available spaces and lease terms. The building's impressive scale and modern amenities make it an ideal location for businesses seeking a prestigious and functional workspace.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Beytin Law Firm Butler & Boyd, P.A. Law Firm Robert H. Bonanno, ... Law Firm Baird Private Wealth ... Financial Advisor William B. Taylor ... Law Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4569547
    Latitude
    27.946798

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    FAQs

    What type of property is this?
    Office property - Prestigious Tampa Office Space Available
    Where is this office property located?
    The property is located at 201 Franklin St Tampa, FL.
    What is the lease rate?
    The lease rate is $23-$28 SF/Yr.
    What are key features of this property?
    This property features: Class A, 38-story office building totaling 757,425 square feet in Tampa, Hillsborough County.; Multiple tenancies available, ranging from 1,978 to 16,863 contiguous square feet.; Currently, 98,309 square feet of vacant space is available for lease.
    (813) 223-6300 Call to check price and availability
    Request Owner's contact information
    201 Franklin St Tampa, FL 33602
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    Tampa, FL 33602
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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.

    More about this property
    201 Franklin St Tampa, FL 33602
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Barry Oaks
    Barry Oaks
    Real Estate License ID: BK533868
    (813) 223-6300 (813) 204-5307
    Learn more
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