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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1517 5Th Ave Tampa, FL 33605

    • Commercial real estate
    • 2,710 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8071437
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Celebrity Cigar / Cigar Shop

    Property Details for 1517 5Th Ave

    Property size
    2,710 SF
    Property type
    Commercial real estate

    Description

    This exceptional 2,710-square-foot mixed-use property in Tampa's vibrant Historic Ybor City is a unique investment opportunity. Located on three contiguous lots totaling 9,975 square feet, this adaptive reuse warehouse boasts soaring ceilings, walls of glass, and abundant natural light. A full kitchen with stainless steel appliances and granite countertops is perfect for entertaining, while an upstairs office loft offers privacy and includes a large walk-in closet and modern bathroom with dual vanities. The building meets or exceeds current hurricane codes, featuring highly rated insulation and hurricane shutters. The fully fenced and gated property offers ample off-street parking, ideal for large gatherings. Two open lots provide a tranquil urban oasis with an existing urban garden and patio. The versatile space is suitable for various uses, including an art gallery, wine bar, beer garden, or event space. Two separate HVAC units ensure energy efficiency. The property benefits from the YC-6 zoning designation, allowing for residential, commercial, hospitality, and multi-family uses. Zero lot line development zoning maximizes the potential for future expansion. Its location in an Opportunity Zone offers attractive investment strategies. The nearby Centro Ybor Parking Garage provides convenient parking. The property was renovated in 2005 and has been occupied since February 1, 2022. The asking price is $2,300,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4421038
    Latitude
    27.9586389

    Comparable in this City

    • $429,000
      Pending

      Tampa Mixed-Use Redevelopment Opportunity

      Versatile property in a transitioning corridor with redevelopment potential.
      3558 N 29Th St, Tampa, FL 33605
      View Details
    • $450,000
      0.05 Acres

      Ybor City Land Opportunity

      Land in historic Ybor City, Tampa, zoned for commercial/residential.
      1819 E 5Th Ave, Tampa, FL 33605
      View Details
    • $450,000
      0.13 Acres

      Land in Historic Ybor City

      Land in a vibrant, historic neighborhood near downtown Tampa.
      940 E 11Th Ave, Tampa, FL 33605
      View Details
    • $450,000
      0.05 Acres

      Ybor City Land Opportunity

      Commercial Residential land in historic Ybor City, Tampa.
      1821 E 5Th Ave, Tampa, FL 33605
      View Details
    • $425,000
      2,002 SF

      Ybor City Mixed-Use Investment

      Tampa Commercial Property: Two Buildings
      2021 Thrace St, Tampa, FL 33605
      View Details
    • $450,000
      0.05 Acres

      Ybor City Land For Sale

      Commercial Residential land in historic Ybor City, Tampa.
      1821 E 5Th Ave, Tampa, FL 33605
      View Details

    Similar Nearby for Sale

    • $429,000
      Pending

      Tampa Mixed-Use Redevelopment Opportunity

      Versatile property in a transitioning corridor with redevelopment potential.
      3558 N 29Th St, Tampa, FL 33605
      View Details
    • $450,000
      0.05 Acres

      Ybor City Land Opportunity

      Commercial Residential land in historic Ybor City, Tampa.
      1821 E 5Th Ave, Tampa, FL 33605
      View Details
    • $425,000
      2,002 SF

      Ybor City Mixed-Use Investment

      Tampa Commercial Property: Two Buildings
      2021 Thrace St, Tampa, FL 33605
      View Details
    • $450,000
      0.05 Acres

      Ybor City Land For Sale

      Commercial Residential land in historic Ybor City, Tampa.
      1821 E 5Th Ave, Tampa, FL 33605
      View Details
    • $450,000
      0.05 Acres

      Ybor City Land Opportunity

      Commercial residential land in historic Ybor City, Tampa.
      1819 E 5Th Ave, Tampa, FL 33605
      View Details
    • $450,000
      0.05 Acres

      Ybor City Land Opportunity

      Land in historic Ybor City, Tampa, zoned for commercial/residential.
      1819 E 5Th Ave, Tampa, FL 33605
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      3,253 SF

      Ybor City Mixed-Use Bungalow

      2,541 SF Ybor City bungalow ideal for office use.
      2002 E 4Th Ave, Tampa, FL 33605
      View Details
    • $3,500 /Mo
      820 SF

      Historic Ybor City Casita

      Free-standing, mixed-use casita in historic Ybor City for lease.
      1506 N 15Th St, Tampa, FL 33605
      View Details
    • Contact for pricing
      12,700 SF

      Centro YBOR Executive Suites

      Tampa Office Space For Lease
      1600 7Th Ave, Tampa, FL 33605
      View Details
    • $19 SF/Yr
      1,548 SF

      Tampa Creative Office Space

      Prime Tampa location, 1,548 sq ft office/retail.
      2602 Corrine St, Tampa, FL 33605
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    • Contact for pricing
      12,303 SF

      Prime Tampa Retail Space Available

      Three Suites, 738-6,520 sq ft
      1902 7Th Ave, Tampa, FL 33605
      View Details
    • Contact for pricing
      955 SF

      Tampa Distribution Center For Lease

      Industrial property suited for warehousing and distribution in Tampa, Florida.
      4962 Distribution Dr, Tampa, FL 33605
      View Details
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    1517 5Th Ave
    Tampa, FL 33605
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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.

    More about this property
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