Two-Tenant Medical/Professional Office | 100%… — Sale in Tampa, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Tampa, FL 33617
  • Year built: 1979

Investment Figures

Cap rate
9.40%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

We're pleased to present the offering for a 100% occupied, two-tenant medical office in Tampa, FL. Investment Highlights: • 13,523-SF, Two-Tenant Medical/Office Building | Recent Improvements: Exterior Painted in 2023, HVAC Replaced in 2020 - Serviced Quarterly, Interior Renovations 2018-2019 & Parking Lot Repaved in 2019 • Building Features Cat 6 Cables Pre-Wired for High-Speed Internet | 100% Occupied by Two Tenants | Large, Landscaped & Lighted Parking Lot With 40 Parking Spaces | Handicapped Accessible • +/-0.87 Acre Lot With Two Points of Ingress/Egress Onto N 51st St and Access From Both Traffic Directions • Strategically Positioned Near Temple Terrace, a Growing Tampa Suburb Road and Under 10 Minutes From Both I-75 and I-275 Into Downtown Tampa • Adjacent to University of South Florida Campus, a Major Public University With Over 50,000 Students • USF Recently Announced a Major Mixed-Use Development Project Along Fletcher Avenue, With 495K SF of Student and Multifamily Housing, a 78K SF Hotel and Conference Center and 60K of Retail Space in Addition to a 350K SF Academic Building Expanding the Campus Footprint • Just Off of E Fowler Ave, a High Traffic Corridor With 73,000 Vehicles Per Day, and N 56th Street, Seeing 36,000 VPD • Development in Area Includes Neighboring Parcel Being Developed for New Self Storage Facility | Located Within a Dense Medical Office Corridor, 2 Miles From Moffitt McKinley Hospital Campus

Market Context

This office in Tampa, FL is listed for sale. It is offered at an approximate 9.4% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1979. It has been on the market for 100 days. Compare it against other office listings for sale in Tampa, FL — view the full market.

As of Q1 2026, the Tampa office market showed an 18.2% vacancy rate, average asking rents near $29.00/SF/yr, rents up 18.7% year over year, and cap rates around 7.4%. Source: multiple brokerage reports, Q1 2026.

Its 9.4% asking cap rate is above the Tampa office market average of about 7.4%, implying a higher yield (and typically more risk or upside) than comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

What is the typical cap rate for office in Tampa?
About 7.4% as of Q1 2026, per multiple brokerage reports.
Is the Tampa office market tightening or softening?
Vacancy is around 18.2%, with asking rents rising year over year (Q1 2026).

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