8407 Pinehurst DrTampa, FL 33615

Property Details for 8407 Pinehurst Dr

Year built

2002

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.53 AC

Property size (Sq ft)

4,531 SF

Zone code

PD

Property type

Office properties

Property subtype

Office buildings

APN

U232817ZZZ000000353300

APU

U232817ZZZ000000353300

Description

This exceptional 4,531 square foot Class B executive office building in Tampa, Florida, presents a lucrative investment opportunity. Located at 8407 Pinehurst Dr, 33615, this single-building property, constructed in 2002, offers 20 units with a current 90% occupancy rate. The building features 4,531 square feet of prime office space, generating a strong net operating income (NOI) of $85,750, resulting in a 5.72% capitalization rate. The asking price is $1,500,000, translating to $331.05 per square foot. Situated in a high-traffic area with convenient access to Veterans Expressway and W Waters Ave, this property benefits from PD zoning, allowing for a diverse range of business tenants. The building's strong performance and desirable location make it an attractive investment for discerning buyers seeking a stable and profitable commercial real estate asset in the thriving Tampa market. The property is situated in Hillsborough County and offers excellent accessibility and visibility. This multi-tenant building provides a diversified income stream and significant potential for future growth.

• CAP approach

  CAP return

  Valuation

  6%

  $835,770

  6.5%

  $771,480

  7%

  $716,374

• Comparable approach

  Method

  Valuation

  Relative Method

  $827,496

  Geo Method

  $827,496

• Alternative Use

  Use

  Valuation

  Residential

  $956,635

  Hospitality

  $876,273

  Educational

  $729,049

  Medical

  $754,122

  Retail

  $1,134,076

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.0268

Longitude

-82.5709

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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