Mixed-Use Property with
New
For Sale
Contact for pricing
9902 N Nebraska Ave, Tampa, FL 33612
The property combines multifamily units with a restaurant and includes on-site parking and canopies.
Property Size3,360 SF
Price / SF$267.86
Days on Market3
Property Features for 9902 N Nebraska Ave
General Information
Standard status
Active
Size
3,360 SF
Property subtype
MULTIFAMILY
Zoning
CI
Site & Location
Frontage
100 ft
Traffic Count
22,500 vehicles/day
Road Access
Yes
Additional Details
Multifamily Units
2
Amenities
Existing Canopies
Listing Agency:
BHHS - Florida Properties Group | Trinity
(727) 847-4444
Listed By:
Dave Rabon · License #FL SL3284997
(813) 951-3190
Source:
Moodyscre
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 3:33PM
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 BHHS - Florida Properties Group | Trinity
Investment Insights
Based on property information with market context.
This mixed-use property includes two multifamily units, each approximately 1,700 square feet, along with a restaurant of approximately 1,660 square feet. On-site parking and existing canopies are also part of the property.
The site fronts N Nebraska Ave, with approximately 100 feet of frontage. It is zoned CI and has reported traffic volume of 22,500± AADT.
The site fronts N Nebraska Ave, with approximately 100 feet of frontage. It is zoned CI and has reported traffic volume of 22,500± AADT.
Key Highlights
- Two multifamily units of approximately 1,700± SF each
- Restaurant space measuring approximately 1,660± SF
- Over 100± LF of frontage on N Nebraska Ave
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
$45,965
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
5.11%
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%
$919,300
$919.3K
Cap Rate 7%
$656,643
$656.6K
Cap Rate 9%
$510,722
$510.7K
Market Conditions
NOI Build-Up for 3,360 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
$64.5K $19.20/SF
− Vacancy
−$3.2K −$0.96/SF
EGI
$61.3K $18.24/SF
− OpEx
−$15.3K −$4.56/SF
NOI
$46.0K $13.68/SF
Area
ZIP 33612
Vacancy
5.00%
Lease Rate
$19.20 /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%
$919,300
Cap Rate 7%
$656,643
Cap Rate 9%
$510,722
Alternative Uses
Best Use
Specialty Retail
$656.6K
$574.6K – $766.1K
NOI $45,965 @ 7.0% cap · market cap 5.11%
Second Best
Mixed Use
$583.2K
$510.3K – $680.4K
NOI $40,824 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$765.4K
$669.7K – $893.0K
NOI $53,577 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
22,500 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,000
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines multifamily units with a restaurant and includes on-site parking and canopies.
Where is this mixed-use property located?
The property is located at 9902 N Nebraska Ave Tampa, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two multifamily units of approximately 1,700± SF each; Restaurant space measuring approximately 1,660± SF; Over 100± LF of frontage on N Nebraska Ave
