Renovated Retail Office
For Sale
$1,100,000
9501 Nebraska Avenue, Tampa, FL 33612
Recently renovated retail/office space with a secondary roll-up door entrance for delivery and updated restrooms.
Property Size2,943 SF
Price / SF$373.77
Days on Market166
Property Features for 9501 Nebraska Avenue
General Information
Standard status
Active
Size
2,943 SF
Total Parking Spaces
9
Property subtype
Retail
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$6,090
Amenities
Central Air
3
Corner Lot.
Corner.
Building Details
Year Built
1984
Stories
1
Listing Agency:
COLDWELL BANKER REALTY
(813) 289-1712
Listed By:
Karen Wingard
Source:
Xome
Added: Mar 15
Changed: Aug 25
Last Checked: Aug 26 at 6:00AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This property offers just under 3,000 square feet of heated and cooled retail/office space. The building has been recently renovated inside and out, including updated restrooms. A secondary entrance with a roll-up door provides convenient delivery access, and the property features a double-sided sign with power connectivity.
The parking lot accommodates up to nine vehicles and has been recently repaired, seal-coated, and expanded. The seller notes the property can be sold together with 9511 N. Nebraska Ave. (MLS # TB8502846), which would add approximately 3,000 additional square feet for storage or office needs.
The layout includes storefront-ready interior space supported by practical access through the secondary roll-up door, with on-site parking suitable for smaller operations.
The parking lot accommodates up to nine vehicles and has been recently repaired, seal-coated, and expanded. The seller notes the property can be sold together with 9511 N. Nebraska Ave. (MLS # TB8502846), which would add approximately 3,000 additional square feet for storage or office needs.
The layout includes storefront-ready interior space supported by practical access through the secondary roll-up door, with on-site parking suitable for smaller operations.
Key Highlights
- Just under 3,000 SF of heated and cooled space suitable for retail, office, and other uses
- Recently renovated inside and out, including updated restrooms
- Secondary entrance includes a roll‑up door for delivery access
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
$35,996
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
3.27%
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%
$719,920
$719.9K
Cap Rate 7%
$514,229
$514.2K
Cap Rate 9%
$399,956
$400.0K
Market Conditions
NOI Build-Up for 2,943 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
$63.6K $21.60/SF
− Vacancy
−$15.6K −$5.29/SF
EGI
$48.0K $16.31/SF
− OpEx
−$12.0K −$4.08/SF
NOI
$36.0K $12.23/SF
Area
ZIP 33612
Vacancy
24.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$719,920
Cap Rate 7%
$514,229
Cap Rate 9%
$399,956
Alternative Uses
Best Use
Office B
$514.2K
$450.0K – $599.9K
NOI $35,996 @ 7.0% cap · market cap 3.27%
Second Best
Retail
$500.6K
$438.0K – $584.0K
NOI $35,042 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$670.4K
$586.6K – $782.1K
NOI $46,928 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,215
Businesses Nearby
Explore this area
Business Placement
Demographics for 33612, FL
49,452
Population
21,228
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
4,995
Density / Sq Mi
$43,919
Median Household Income
$32,724
Median Earnings
$1,259
Median Rent
$249,600
Median Home Value
Market
Vacancy Rate% for Office in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Recently renovated retail/office space with a secondary roll-up door entrance for delivery and updated restrooms.
Where is this retail space located?
The property is located at 9501 Nebraska Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Just under 3,000 SF of heated and cooled space suitable for retail, office, and other uses; Recently renovated inside and out, including updated restrooms; Secondary entrance includes a roll‑up door for delivery access
