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Cleveland St & Moody Ave, Tampa, FL 33609
Two office buildings totaling 5,427 SF with 18 parking spaces.
Property Size5,427 SF
Price / SF$460.66
Days on Market816
Property Features for Cleveland St & Moody Ave
General Information
Standard status
Active
Size
5,427 SF
Class
C
Total Parking Spaces
18
Property subtype
Office
Zoning
Office
Investment Type
Owner/User
Building Details
Year Built
1907
Buildings
2
Tenancy
Multi
Listing Agency:
Franklin Street Tampa
Listed By:
Nick Polo · License #SL3552351
Source:
Crexi
Added: Jul 22, 2024
Changed: Oct 13
Last Checked: Oct 14 at 10:51PM
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 Franklin Street Tampa
Investment Insights
Based on property information with market context.
This offering presents an opportunity for an owner/user, investor, or development. The property consists of two buildings. One building at 2304 W Cleveland St provides 2,358 square feet, and the other at 202 S Moody Ave offers 3,069 square feet, totaling 5,427 square feet. Both buildings include a reception area, conference room, break room, and private rooms. There are 18 parking spaces available. A Bank Of Tampa building is under construction next door. A short-term lease is currently in place.
Key Highlights
- Development Opportunity
- 5,427 SF Total Building Size with 18 Parking Spaces
- Owner / User or Investor Potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,753
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,475,060
$1.5M
Cap Rate 7%
$1,053,614
$1.1M
Cap Rate 9%
$819,478
$819.5K
Market Conditions
NOI Build-Up for 5,427 SF
Gross rent
$130.2K $24.00/SF
− Vacancy
−$31.9K −$5.88/SF
EGI
$98.3K $18.12/SF
− OpEx
−$24.6K −$4.53/SF
NOI
$73.8K $13.59/SF
Area
Tampa, FL
Vacancy
24.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,475,060
Cap Rate 7%
$1,053,614
Cap Rate 9%
$819,478
Alternative Uses
Best Use
Office B
$1.05M
$921.9K – $1.23M
NOI $73,753 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.11M – $1.48M
NOI $88,504 @ 7.0% cap · market cap 3.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
2,395
Businesses Nearby
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Business Placement
Demographics for 33609, FL
17,902
Population
9,169
Households
2
Avg Household Size
38
Median Age
63%
College-Educated
94%
High-School Grad
4.0 sq mi
ZIP Area
4,476
Density / Sq Mi
$105,083
Median Household Income
$66,567
Median Earnings
$1,818
Median Rent
$526,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tampa, FL
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Frequently Asked Questions
What type of property is this?
Office building - Two office buildings totaling 5,427 SF with 18 parking spaces.
Where is this office building located?
The property is located at Cleveland St & Moody Ave Tampa, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Development Opportunity; 5,427 SF Total Building Size with 18 Parking Spaces; Owner / User or Investor Potential
