Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    2311 W HILLSBOROUGH AVENUE Tampa, FL 33603

    View on Map
    Claim this Listing
    For Sale
    $1,600,000

    Restaurant - TAMPA, FL

    Property size:
    1,659 SF
    Lot size:
    0.32 Acres
    Price / SF:
    $964/SF
    Added:
    Nov 14, 2023
    Days on Market:
    903
    Last Refresh:
    May 5 at 11:06 pm

    Property Features for 2311 W HILLSBOROUGH AVENUE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    CI
    Standard status
    Active
    APN
    A-35-28-18-3H0-000010-00030.0
    Size
    1,659 SF
    Lot size
    0.32 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    5028.19

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1962
    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    Frank Fekete, LLC

    Listing agent Frank Fekete, LLC License #3039291

    Listing office RE/MAX SUNSET REALTY 7031 State Road 52, hudson, FL

    Listing date Nov 14, 2023

    MLS# W7859744 Listing URL

    Copyright © 2026 West Pasco Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant For Sale in Tampa

    This property, located at 2311 W Hillsborough Ave in Tampa, Florida, is currently operating as a restaurant. The free-standing building has 2,349 square feet of space and is situated on a 14,101-square-foot lot, which is approximately 0.32 acres. The zoning is Commercial Intensive (GI), making it an ideal location for a drive-thru fast food restaurant or similar business. Owner financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm HiStyle fashion Clothing & Fashion Store Monserrate Restaurant Bar ... Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Cooks & Company — 208 W Hanna Ave, Tampa, FL 33604
    • Gourmet Caterers — 4710 N Habana Ave, Tampa, FL 33614

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.482646
    Latitude
    27.99635

    Nearby Similar for Sale

    • $1,800,000
      3,990 SF

      Tampa Office Investment Opportunity

      Versatile commercial property near St. Joseph's Hospital and Tampa Airport.
      4109 N ARMENIA, TAMPA, FL 33607
      View Details
    • $695,000
      3,000 SF

      Versatile Office Condo in Tampa

      Two-story office condo with flexible space in Carrollwood submarket.
      3816 GUNN HIGHWAY, TAMPA, FL 33618
      View Details
    • $575,000
      1,528 SF

      Versatile Mixed-Use Property in Tampa

      High-visibility commercial property with flexibility and upside potential.
      2807 LOCICERO DRIVE, TAMPA, FL 33619
      View Details
    • $2,300,000
      6,780 SF

      Spacious Industrial Building on Large Lot

      6,780 SF commercial building on 1.8-acre lot in Tampa.
      5802 N OCCIDENT STREET, TAMPA, FL 33614
      View Details
    • $1,500,000
      4,824 SF

      Tampa Medical Office For Sale

      Move-in-ready medical office near USF Health and Moffitt Cancer Center.
      14506 UNIVERSITY POINT PLACE, TAMPA, FL 33613
      View Details
    • $895,000
      3,189 SF

      Professional Office Building on Gunn Highway

      Well-maintained office building in a desirable Tampa location.
      8345 GUNN HIGHWAY, TAMPA, FL 33626
      View Details
    • $875,000
      3,160 SF

      Tampa Office Investment Opportunity

      Two contiguous office suites totaling approximately 3,000 SF for sale.
      6938 W LINEBAUGH AVENUE, TAMPA, FL 33625
      View Details
    • $499,900
      1,200 SF

      Established Tire Business in Tampa

      Profitable tire shop with real estate included in Tampa, Florida.
      5120 N 22ND STREET, TAMPA, FL 33610
      View Details
    • $299,000
      2,500 SF

      Turnkey Beauty Supply Store

      Established beauty supply store with strong sales and high traffic.
      3401 N 22ND STREET, TAMPA, FL 33605
      View Details
    • $349,900
      816 SF

      Ybor City Mixed-Use Opportunity

      Unique mixed-use property in historic Ybor City, Tampa.
      2316 E 3RD AVENUE, TAMPA, FL 33605
      View Details
    • $799,000
      3,000 SF

      Versatile Office Building in Tampa

      Two-story office building in Carrollwood submarket, ideal for investors.
      3804 GUNN HIGHWAY, TAMPA, FL 33618
      View Details
    • $125,000

      Downtown Tampa Cafe & Bakery

      Turnkey French cafe and bakery in prime downtown Tampa location.
      777 N ASHLEY DRIVE, TAMPA, FL 33602
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant property for sale, ideal for drive-thru fast food.
    Where is this restaurant located?
    The property is located at 2311 W HILLSBOROUGH AVENUE Tampa, FL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Zoned (GI) Commercial Intensive: Suitable for various business types.; **2,349 SF Free Standing Building on a 14,101 SF Lot:** Offers ample space and independence.; **Ideal Location for Drive‑Thru Fast Food:** Presents a lucrative business opportunity.
    (727) 534-4871
    We can help!
    Listing Contact
    Frank Fekete, LLC
    Real Estate License ID: 3039291
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2311 W HILLSBOROUGH AVENUE, TAMPA, FL 33603
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!