Retail and Medical Center with Fitness
16132-16144 Churchview Dr Lithia, FL 33547
For Sale
Contact for pricing
Center with 16 tenants, anchored by Anytime Fitness, plus TPO roofs replaced Jan 2026 under a transferable 20-year warranty.
Property Size34,002 SF
Price / SF$257.04
Days on Market17
Property Features for 16132-16144 Churchview Dr
General Information
Standard status
Active
Size
34,002 SF
Property subtype
RETAIL
Listing Agency:
RIPCO Real Estate | Tampa
(813) 921-5640
Listed By:
Ari Ravi · License #SL-3210827
(813) 921-5640
Source:
Moodyscre
Added: Jul 14
Changed: Jul 28
Last Checked: Jul 29 at 3:58PM
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 RIPCO Real Estate | Tampa
Investment Insights
Based on property information with market context.
Park Square is a retail, medical, and service hub designed to serve the FishHawk Ranch community, with 16 tenants operating in destination-based, experience-driven categories. The property includes a fitness anchor, Anytime Fitness, and healthcare components including FishHawk Oral & Facial Surgery and Blooming Bright Pediatrics, supporting a mix of daily-use fitness and healthcare traffic.
The center functions as the primary commercial retail, medical, and service location for FishHawk Ranch, a 3,000-plus acre master-planned community in Lithia, Florida. The surrounding residential base includes more than 26,000 residents, including reported population counts of 10,589 within a 1-mile radius and 34,088 within a 3-mile radius. Roof infrastructure was improved recently, with TPO roof systems on both buildings fully replaced in January 2026 and covered by a transferable 20-year warranty.
Anytime Fitness has demonstrated ongoing commitment to the location, recently extending its lease for five years and increasing rent by 67%.
The center functions as the primary commercial retail, medical, and service location for FishHawk Ranch, a 3,000-plus acre master-planned community in Lithia, Florida. The surrounding residential base includes more than 26,000 residents, including reported population counts of 10,589 within a 1-mile radius and 34,088 within a 3-mile radius. Roof infrastructure was improved recently, with TPO roof systems on both buildings fully replaced in January 2026 and covered by a transferable 20-year warranty.
Anytime Fitness has demonstrated ongoing commitment to the location, recently extending its lease for five years and increasing rent by 67%.
Key Highlights
- Park Square is a retail/medical/service center with 16 tenants, anchored by Anytime Fitness as a daily‑use destination.
- TPO roof systems on both buildings were fully replaced in January 2026, with a transferable 20‑year warranty included with the sale.
- Anytime Fitness extended its lease for 5 years with a 67% rent increase, reflecting long‑term commitment to the location.
Financial Insights For 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 | $510.0k | $15.00 |
| − Vacancy | −$33.2k | −$0.98 |
| EGI | $476.9k | $14.03 |
| − OpEx | −$143.1k | −$4.21 |
| NOI | $333.8k | $9.82 |
34,002 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.77M
$4.17M – $5.56M
NOI $333,815 @ 7.0% cap · market cap 3.82%
Second Best
Healthcare Medical
$4.48M
$3.92M – $5.23M
NOI $313,607 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$9.85M
$8.62M – $11.49M
NOI $689,306 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Center with 16 tenants, anchored by Anytime Fitness, plus TPO roofs replaced Jan 2026 under a transferable 20-year warranty.
Where is this retail space located?
The property is located at 16132-16144 Churchview Dr Lithia, FL.
What is the asking price?
The asking price for this property is $8,740,000.
What are key features of this property?
This property features: Park Square is a retail/medical/service center with 16 tenants, anchored by Anytime Fitness as a daily‑use destination.; TPO roof systems on both buildings were fully replaced in January 2026, with a transferable 20‑year warranty included with the sale.; Anytime Fitness extended its lease for 5 years with a 67% rent increase, reflecting long‑term commitment to the location.
