8404 Wilsky BlvdTampa, FL 33615

Property Details for 8404 Wilsky Blvd

Year built

2005

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.68 AC

Property size (Sq ft)

16,590 SF

Zone code

PD

Property type

Office properties

Property subtype

Office buildings

APN

U2328175VD000000000010

APU

U2328175VD000000000010

Description

This exceptional 16,110 square foot executive office building, constructed in 2005, presents a compelling investment opportunity in Tampa, Florida. Located at 8404 Wilsky Blvd, in Hillsborough County, zip code 33615, this single-story garden-style property boasts 14 executive suites and 4 additional offices, offering a diverse range of space options. Suite sizes vary, ranging from a generous 1,776 square feet to a substantial 4,645 square feet, catering to a variety of business needs. The asking price is $4,900,000, representing a price per square foot of $304.16. The property's strong financial performance is highlighted by a Net Operating Income (NOI) of $192,380 and an attractive cap rate of 3.93%. Its convenient location just off Waters Avenue near the Veterans Expressway provides easy access to Westshore, Tampa International Airport, and Downtown Tampa. Ample parking and prominent exterior signage opportunities further enhance the property's appeal. This is a rare opportunity to acquire a well-maintained, high-performing office building in a thriving Tampa market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,060,125

  6.5%

  $2,824,731

  7%

  $2,622,964

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,029,832

  Geo Method

  $3,029,832

• Alternative Use

  Use

  Valuation

  Residential

  $3,502,666

  Hospitality

  $3,208,424

  Educational

  $2,669,371

  Medical

  $2,761,175

  Retail

  $4,152,355

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.0272

Longitude

-82.567

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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