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3007 W Cypress St 6,400 SF 100% Leased Retail Building Tampa, FL 33609 $2,700,000 ($421.88/SF) 8.44% Cap Rate
Executive Summary
Midtown investment opportunity is strategically located along the highly traveled W. Cypress Street corridor, just minutes from the rapidly expanding Midtown Tampa district. 3007 W. Cypress Street, Tampa, FL 33609 features an approximately 7,600+ Bldg SF multi-tenant commercial building positioned within one of Tampa’s most active redevelopment corridors. The property benefits from strong street frontage, excellent visibility, and convenient access to I-275, Kennedy Boulevard, Downtown Tampa, Tampa International Airport, and Midtown Tampa. The surrounding area is characterized by dense residential neighborhoods, strong daytime population, and continued commercial and mixed-use development, supporting long-term tenant demand and rental growth. From an investment standpoint, the asset offers efficient operating expenses, as tenants are individually metered and responsible for their own electrical service. The parking lot was recently resurfaced, reducing near-term capital expenditure concerns. Additionally, Units 6, 5, and 4 were completely remodeled in 2021 and 2025, providing modernized interiors that support stronger tenant retention and future rental upside. Zoned for commercial use, the property delivers stable in-place income with upside potential through rental growth and long-term corridor appreciation. A current rent roll is available, with leases provided upon request, making this a compelling opportunity for investors seeking exposure to a high-growth Tampa submarket.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$227,760
|
$35.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$227,760
|
$35.59
|
| Taxes |
$20,109
|
$3.14
|
| Operating Expenses |
$29,470
|
$4.60
|
| Total Expenses |
$49,579
|
$7.75
|
| Net Operating Income |
$178,181
|
$27.84
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $227,760 |
| Annual Per SF | $35.59 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $227,760 |
| Annual Per SF | $35.59 |
| Taxes | |
|---|---|
| Annual | $20,109 |
| Annual Per SF | $3.14 |
| Operating Expenses | |
|---|---|
| Annual | $29,470 |
| Annual Per SF | $4.60 |
| Total Expenses | |
|---|---|
| Annual | $49,579 |
| Annual Per SF | $7.75 |
| Net Operating Income | |
|---|---|
| Annual | $178,181 |
| Annual Per SF | $27.84 |
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
6,400 SF
Building Class
C
Year Built
1985
Price
$2,700,000
Price Per SF
$421.88
Cap Rate
8.44%
NOI
$227,760
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.38
Lot Size
0.39 AC
Zoning
CG - CG General Commercial
Parking
14 Spaces (2.19 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Creative Car Coats Inc
- Public Administration
- -
- -
- -
- Expertise Home Care Tampa Llc
- Health Care and Social Assistance
- -
- -
- -
- Madison Insurance Group
- Finance and Insurance
- -
- -
- -
- Madison Tax Services
- -
- -
- -
- -
- Mimmie's Hair Salon
- -
- -
- -
- Mar 2024
- Mimmie's House Of Beauty
- Services
- -
- -
- -
- Paramount Celebrity
- Arts, Entertainment, and Recreation
- -
- -
- -
- Slap Yo Mama
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Creative Car Coats Inc | Public Administration | - | - | - | ||
| Expertise Home Care Tampa Llc | Health Care and Social Assistance | - | - | - | ||
| Madison Insurance Group | Finance and Insurance | - | - | - | ||
| Madison Tax Services | - | - | - | - | ||
| Mimmie's Hair Salon | - | - | - | Mar 2024 | ||
| Mimmie's House Of Beauty | Services | - | - | - | ||
| Paramount Celebrity | Arts, Entertainment, and Recreation | - | - | - | ||
| Slap Yo Mama | Accommodation and Food Services | - | - | - |
Very walkable
80/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
The Bistro
Property Taxes
| Parcel Number | A-15-29-18-ZZZ-000005-90970.0 | Total Assessment | $988,600 |
| Land Assessment | $100 | Annual Taxes | $20,109 ($3.14/SF) |
| Improvements Assessment | $988,500 | Tax Year | 2025 |
Property Taxes
Parcel Number
A-15-29-18-ZZZ-000005-90970.0
Land Assessment
$100
Improvements Assessment
$988,500
Total Assessment
$988,600
Annual Taxes
$20,109 ($3.14/SF)
Tax Year
2025
1 of 49
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Presented by
Somerday Group
3007 W Cypress St
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