Freestanding Retail Drug
For Sale
Contact for pricing
3917 N Nebraska Ave, Tampa, FL 33603
Former freestanding drug store with a covered drive-through lane, high ceilings, and sprinklered interior.
Property Size15,022 SF
Lot Size1.95 Acres
Price / SF$396.09
Days on Market508
Property Features for 3917 N Nebraska Ave
General Information
Standard status
Active
Size
15,022 SF
Total Parking Spaces
67
Lot size
1.95 Acres
Property subtype
RETAIL
Financials
Asking Price
$5,950,000
Opportunity Zone
Yes
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Traffic Count
35,000 vehicles/day
Road Access
Yes
Additional Details
Sprinkler System
Yes
Building Details
Year Built
2001
Buildings
1
Tenancy
Single
Listing Agency:
William D. Besselieu
(813) 263-5854
Listed By:
William D Besselieu
(813) 263-5854
Source:
Moodyscre
Added: Mar 11, 2025
Changed: Jul 29
Last Checked: Jul 31 at 5:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of William D. Besselieu
Investment Insights
Based on property information with market context.
This former freestanding drug store features approximately 20-foot high ceilings and a 35-foot column spacing. The building includes a covered drive-through lane, ample 3-phase power, and a fully fire sprinklered interior. The site provides 67 parking spaces.
The property is situated on a CG (Commercial General) zoned lot at a lighted intersection of Nebraska Ave and Dr Martin Luther King Jr Blvd, with a combined traffic count of 35,000 VPD. Access is available from both roadway frontages.
Built in 2001, the building totals 15,022 square feet and sits on a 1.95-acre lot. Preliminary site plan approval was referenced for a “Live Local” redevelopment, with a probable plan of 230–250 units under a 7-story height limit following zoning and comprehensive plan change. The property is within an Opportunity Zone, and zoning is noted as being changed to CG.
The property is situated on a CG (Commercial General) zoned lot at a lighted intersection of Nebraska Ave and Dr Martin Luther King Jr Blvd, with a combined traffic count of 35,000 VPD. Access is available from both roadway frontages.
Built in 2001, the building totals 15,022 square feet and sits on a 1.95-acre lot. Preliminary site plan approval was referenced for a “Live Local” redevelopment, with a probable plan of 230–250 units under a 7-story height limit following zoning and comprehensive plan change. The property is within an Opportunity Zone, and zoning is noted as being changed to CG.
Key Highlights
- 15,022 SF former freestanding Walgreens on a 1.95‑acre lot, built in 2001
- Commercial General (CG) zoning pending change; property in an Opportunity Zone
- Covered drive‑through lane, high ceilings (~20 ft), and 35‑ft column spacing
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $288.4k | $19.20 |
| − Vacancy | −$14.4k | −$0.96 |
| EGI | $274.0k | $18.24 |
| − OpEx | −$68.5k | −$4.56 |
| NOI | $205.5k | $13.68 |
15,022 SF · lease $19.20/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.94M
$2.57M – $3.43M
NOI $205,501 @ 7.0% cap · market cap 3.45%
Second Best
Retail
$2.56M
$2.24M – $2.98M
NOI $178,867 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$3.50M
$3.06M – $4.08M
NOI $244,979 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
35,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
959
Businesses Nearby
93k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 31%
Groceries 23%
Electronics 1%
McDonald's
Dining
23,106 visits/mo
0.3 miles
Winn-Dixie
Groceries
21,462 visits/mo
0.2 miles
7-Eleven
Shops & Services
19,402 visits/mo
0.3 miles
Chevron
Shops & Services
7,641 visits/mo
0.3 miles
BP
Shops & Services
7,014 visits/mo
0.3 miles
Demographics for 33603, FL
19,070
Population
9,592
Households
2
Avg Household Size
38
Median Age
39%
College-Educated
90%
High-School Grad
4.1 sq mi
ZIP Area
4,651
Density / Sq Mi
$64,632
Median Household Income
$43,136
Median Earnings
$1,320
Median Rent
$344,100
Median Home Value
Market
Vacancy Rate% for Retail in Tampa, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Jackie's Pharmacy — 507 e dr martin luther king jr blvd #101, tampa, fl 33603
- Fast & Friendly Pharmacy — 227 W Dr Martin Luther King Jr Blvd, Tampa, FL 33607
- Vonzell Peoples — 3917 N Nebraska Ave, Tampa, FL 336035017
- Thong Truong — 3917 N Nebraska Ave, Tampa, FL 336035017
- Answer Pharmacy — Tampa, FL 33603
Frequently Asked Questions
What type of property is this?
Drug store - Former freestanding drug store with a covered drive-through lane, high ceilings, and sprinklered interior.
Where is this drug store located?
The property is located at 3917 N Nebraska Ave Tampa, FL.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: 15,022 SF former freestanding Walgreens on a 1.95‑acre lot, built in 2001; Commercial General (CG) zoning pending change; property in an Opportunity Zone; Covered drive‑through lane, high ceilings (~20 ft), and 35‑ft column spacing
