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    Renovated Office Space in Ybor Title is generated by Realmo AI

    1718 E 7th Ave, Tampa, FL 33605

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    Professional office space with utilities included in historic Ybor building.

    Type:Office
    Property size:
    270 SF
    Added:
    Sep 16, 2021
    Days on Market:
    1701
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 1718 E 7th Ave

    General Information

    Standard status
    Active
    Size
    270 SF
    Property subtype
    Office

    Building Details

    Year Built
    1900

    Spaces For Lease

    at 1718 E 7th Ave Contact us

    Suite 201- C $1,250 /Mo

    Size
    270 SF
    Type
    Office
    A renovated 2nd floor office condo measuring 270 SF. Located in a high-energy business...
    show more
    Contact us

    Suite 201- E $1,200 /Mo

    Size
    195 SF
    Type
    Office
    A renovated 2nd floor office condo measuring 195 SF. Located in a high-energy business...
    show more
    Contact us

    We can help!

    Listing Contact
    Tina Marie Eloian
    Tina Marie Eloian

    Listing agent Tina Marie Eloian License #BK653748

    Listing office Florida Commercial Group

    Listing date Sep 16, 2021

    Source Crexi

    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 Florida Commercial Group

    HighLights

    • Utilities included: electric, water, waste, internet, and Wi‑Fi
    • Prime Ybor City location with excellent access to I‑4 and I‑275
    • 24/7 secured electronic access and individual business mailboxes
    • ADA accessible offices in a historic building with street‑level signage
    • Access to 2nd‑floor patio for Ybor City parades
    • Opportunity to use common areas for after‑hours business social events

    Overview

    Located in the historic Aguilar Building of 1910, this property offers beautifully renovated 2nd-floor office space. Available are 195 SF and 270 SF of professional office space suitable for executive suites, professional offices, or creative space. The office rental includes utilities such as electric, water, waste, internet, and Wi-Fi. Tenants have access to a 2nd-floor patio for viewing Ybor City parades and may use the common area for after-hours business social events, subject to a common area lease agreement for gatherings of 10 or more individuals. The property is ready for immediate occupancy and features street-level building signage and some curbside/common area parking. The offices are ADA accessible, secured for individual electronic 24/7 access, and feature a prime Ybor City mailing address with individual business mailboxes on the first floor. The location provides convenient access to N. 22nd Street, E. 7th Avenue, Adamo Drive/Hwy 60, N. Nebraska Avenue, N. 15th Street, Interstate 4, and Interstate 275, placing it minutes from Ybor City, Downtown Tampa, the Channel District, and the Greater Tampa Bay area. Numerous lunch and dinner options are within walking distance. Ideal business types include personal or family counselors, accountants, licensed physical therapists, lawyers, insurance agents, financial advisors, title companies, real estate agents, or any other type of professional office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    REI Mission Control (Bike/Boat/Book/etc) Store David Stich Group, ... Real Estate Agency Glow Architects Architecture Firm Out Fast Property ... Property Management Company 4PT Punchlist Tampa General Contractor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.439821
    Latitude
    27.960545

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    FAQs

    What type of property is this?
    Office units - Professional office space with utilities included in historic Ybor building.
    Where is this office units located?
    The property is located at 1718 E 7th Ave Tampa, FL.
    What are key features of this property?
    This property features: Utilities included: electric, water, waste, internet, and Wi‑Fi; Prime Ybor City location with excellent access to I‑4 and I‑275; 24/7 secured electronic access and individual business mailboxes
    (813) 997-4321 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tina Marie Eloian
    Tina Marie Eloian
    Real Estate License ID: BK653748
    Learn More
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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.

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