5540 Executive DrTampa, FL 33609

Property Details for 5540 Executive Dr

Year built

2009

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.12 AC

Property size (Sq ft)

19,158 SF

Zone code

M-AP-4

Property type

Office properties

Property subtype

Office buildings

APN

A192918ZZZ000005494100

APU

A192918ZZZ000005494100

Description

This exceptional Class A executive office building, located at 5540 Executive Drive in Tampa's prestigious Westshore District, presents a unique investment opportunity. The property, built in 2009, boasts 19,006 square feet of space across two stories, situated on a 1.12-acre lot (48,603 sq ft). Currently vacant since April 24, 2023, this building offers significant potential for owner-occupancy or redevelopment. Its prime location provides exceptional visibility and accessibility, with prominent signage visible from I-275 and direct access to the I-275 on/off ramp. The building features a 5:1,000 square foot parking ratio. The asking price is $6,900,000. While the current NOI is $0, the property's strategic location and potential for redevelopment make it an attractive proposition for investors considering the impact of ongoing I-275 construction plans. The property is offered for sale by owner. This is a rare opportunity to acquire a significant asset in a high-demand area of Tampa.

• CAP approach

  CAP return

  Valuation

  6%

  $5,491,196

  6.5%

  $5,068,796

  7%

  $4,706,740

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,498,826

  Geo Method

  $3,498,826

• Alternative Use

  Use

  Valuation

  Residential

  $6,285,308

  Hospitality

  $5,757,308

  Educational

  $4,790,012

  Medical

  $4,954,748

  Retail

  $7,451,130

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9464

Longitude

-82.5377

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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