South Tampa Retail
For Sale
Contact for pricing
Pending
5251 S Dale Mabry Hwy, Tampa, FL 33611
Five-unit retail property in South Tampa with high traffic.
Property Size4,000 SF
Lot Size0.30 Acres
Days on Market704
Property Features for 5251 S Dale Mabry Hwy
General Information
Standard status
Pending
Size
4,000 SF
Lot size
0.30 Acres
Property subtype
Retail
Zoning
GC
Occupancy
100%
Lease Type
NNN
Investment Type
Value Add
Building Details
Tenancy
Multi
Listing Agency:
Reaves Real Estate
Listed By:
David Reaves · License #FL CQ1061487
(239) 330-4313
Source:
Crexi
Added: Oct 2, 2024
Changed: Aug 21
Last Checked: Sep 4 at 7:38AM
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 Reaves Real Estate
Investment Insights
Based on property information with market context.
The property at 5251 S Dale Mabry Highway is a five-unit retail property located in the South Tampa market. It features a prime location, excellent signage, and high traffic count. The property includes 4,000 square feet of leasable space and is situated on 0.30 acres. Zoned CG "General Commercial", the property allows for a broad range of retail and office uses.
Key Highlights
- Prime location in the South Tampa Market
- Excellent signage opportunities
- Outstanding traffic count
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
$47,628
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
2.98%
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%
$952,560
$952.6K
Cap Rate 7%
$680,400
$680.4K
Cap Rate 9%
$529,200
$529.2K
Market Conditions
NOI Build-Up for 4,000 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
$72.0K $18.00/SF
− Vacancy
−$4.0K −$0.99/SF
EGI
$68.0K $17.01/SF
− OpEx
−$20.4K −$5.10/SF
NOI
$47.6K $11.91/SF
Area
Tampa, FL
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$952,560
Cap Rate 7%
$680,400
Cap Rate 9%
$529,200
Alternative Uses
Best Use
Retail
$680.4K
$595.4K – $793.8K
NOI $47,628 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$931.9K
$815.4K – $1.09M
NOI $65,232 @ 7.0% cap · market cap 4.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
298k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Shops & Services 30%
Superstores 23%
Home Improvements & Furnishings 15%
Target
Superstores
67,379 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
40,418 visits/mo
0.1 miles
Wawa
Shops & Services
36,354 visits/mo
0.4 miles
Chick-fil-A
Dining
32,712 visits/mo
0.4 miles
Starbucks
Dining
15,764 visits/mo
0.5 miles
Demographics for 33611, FL
34,101
Population
18,682
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
95%
High-School Grad
6.3 sq mi
ZIP Area
5,413
Density / Sq Mi
$82,804
Median Household Income
$63,797
Median Earnings
$1,681
Median Rent
$449,200
Median Home Value
Market
Vacancy Rate% for Retail in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Five-unit retail property in South Tampa with high traffic.
Where is this retail space located?
The property is located at 5251 S Dale Mabry Hwy Tampa, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Prime location in the South Tampa Market; Excellent signage opportunities; Outstanding traffic count
