Mixed-Use Commercial
For Sale
$1,350,000
9701 N TAMPA STREET, Tampa, FL 33612
General Commercial zoning accommodates office, retail, distribution, and car-lot uses.
Property Size3,936 SF
Price / SF$342.99
Days on Market8
Property Features for 9701 N TAMPA STREET
General Information
Standard status
Active
Size
3,936 SF
Property subtype
Mixed Use
Building Details
Year Built
1965
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Yohan Ventura estevez · License #3592626
(904) 687-7876
Source:
Endlesssummerrealty
Added: Sep 20
Changed: Sep 26
Last Checked: Sep 26 at 9:20AM
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 DALTON WADE INC
Investment Insights
Based on property information with market context.
This mixed-use commercial property combines two auto mechanic shop areas with a car-lot component and a designated food truck area that generates monthly rental income. The improvements include a renovated single-family structure with approximately 1,600 square feet of office space. Its main office layout includes reception and lobby areas, a bathroom, multiple offices, storage, and a kitchen.
The property fronts U.S. Highway 92 in the Tampa Bay area, where reported average daily traffic exceeds 14,000 vehicles. General Commercial zoning is identified as suitable for professional office, retail, distribution center, and car-lot uses. Additional physical updates include new plumbing, electrical panels, and a roof approximately 1 year old. The site is designated Flood Zone X and was originally built in 1965.
The property fronts U.S. Highway 92 in the Tampa Bay area, where reported average daily traffic exceeds 14,000 vehicles. General Commercial zoning is identified as suitable for professional office, retail, distribution center, and car-lot uses. Additional physical updates include new plumbing, electrical panels, and a roof approximately 1 year old. The site is designated Flood Zone X and was originally built in 1965.
Key Highlights
- Two auto mechanic shop areas with a car‑lot component
- Food truck area generates monthly rental income
- Approximately 1,600 square feet of office space
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
$48,141
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
3.57%
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%
$962,820
$962.8K
Cap Rate 7%
$687,729
$687.7K
Cap Rate 9%
$534,900
$534.9K
Market Conditions
NOI Build-Up for 3,936 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
$85.0K $21.60/SF
− Vacancy
−$20.8K −$5.29/SF
EGI
$64.2K $16.31/SF
− OpEx
−$16.0K −$4.08/SF
NOI
$48.1K $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%
$962,820
Cap Rate 7%
$687,729
Cap Rate 9%
$534,900
Alternative Uses
Best Use
Office B
$687.7K
$601.8K – $802.4K
NOI $48,141 @ 7.0% cap · market cap 3.57%
Second Best
Mixed Use
$683.2K
$597.8K – $797.0K
NOI $47,822 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$896.6K
$784.5K – $1.05M
NOI $62,762 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,389
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
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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?
Mixed-use property - General Commercial zoning accommodates office, retail, distribution, and car-lot uses.
Where is this mixed-use property located?
The property is located at 9701 N TAMPA STREET Tampa, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two auto mechanic shop areas with a car‑lot component; Food truck area generates monthly rental income; Approximately 1,600 square feet of office space
