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    Ybor City Retail Condo Title is generated by Realmo AI

    1880 E PALM AVENUE, Tampa, FL 33605

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    For Sale
    $1,500,000

    Retail - TAMPA, FL

    Type:Retail
    Property size:
    1,980 SF
    Price / SF:
    $757/SF
    Added:
    May 21, 2025
    Days on Market:
    363
    Last Refresh:
    May 18 at 4:06 pm

    Property Features for 1880 E PALM AVENUE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    YC-4
    Exterior features
    Corner Lot
    Standard status
    Active
    APN
    A-18-29-19-863-000000-CU001.0
    Size
    1,980 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    7236.06

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2001
    Flooring type
    Tile
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Madlena McAllister
    Madlena McAllister

    Listing agent Madlena McAllister License #3433083

    Listing office BHHS FLORIDA PROPERTIES GROUP 26771 State Road 56, Trinity, FL

    Listing date May 21, 2025

    MLS# TB8388589 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey Business & Property: Includes a fully operational and profitable convenience store, smoke shop, and liquor store within a 1,980 SF retail condo.
    • Prime Ybor City Location: Situated in the heart of Tampa's booming and historic Ybor City, experiencing explosive growth and redevelopment.
    • Built‑in Clientele & High Visibility: Located within The Quarter at Ybor, a high‑demand mixed‑use complex, ensuring strong foot traffic and visibility on Palm Avenue.
    • Flexible Use Layout: Spacious open floor plan adaptable for various retail concepts, including bar service, café, urban market, or quick‑serve restaurant.
    • Opportunity Zone Designation: Positioned within a federally recognized Opportunity Zone, offering potential long‑term tax advantages.
    • Modern Urban Retail Condo: Part of The Quarter at Ybor, a premier development attracting new residents and commercial tenants.

    Overview

    Located in Tampa's Ybor City, this 1,980 square foot retail condo presents a turnkey opportunity to own a commercial property and fully operational business. The property is part of The Quarter at Ybor, a mixed-use condominium complex. The existing business includes a convenience store, smoke shop, and liquor store. The retail space features a functional buildout with custom lighting, walk-in coolers, display shelving, and POS systems. The layout includes an open floor plan with a small office in the rear, utility sinks, and storage areas. The property is a street-level unit along Palm Avenue, offering high visibility and accessibility. The flexible layout is adaptable for various uses, such as bar service, café, urban market, or quick-serve restaurant. The property is positioned within a federally recognized Opportunity Zone, offering potential long-term tax advantages. The surrounding neighborhood is experiencing growth and redevelopment, with investments in new apartments, dining, entertainment venues, and commercial infrastructure.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Metro Market Ybor (Bike/Boat/Book/etc) Store Ybor Metro Market Food Market Bay's Smoke Shop ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Pharmacy Grocery & Convenience Store

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

    Similar Places Nearby

    • St. Maria Supermarket — 2901 N Nebraska Ave, Tampa, FL 33602
    • La Altagracia Grocery — 2805 N 12th St, Tampa, FL 33605
    • Royal Supermarket — 420 E Floribraska Ave, Tampa, FL 33603
    • Oceanic Oriental Supermarket — 1609 N Tampa St, Tampa, FL 33602
    • Ybor Super Market Inc — 1618 E 7th Ave, Tampa, FL 33605

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.437719
    Latitude
    27.962914

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    FAQs

    What type of property is this?
    Grocery and convenience store - Turnkey retail condo in Tampa's historic Ybor City.
    Where is this grocery and convenience store located?
    The property is located at 1880 E PALM AVENUE Tampa, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Turnkey Business & Property: Includes a fully operational and profitable convenience store, smoke shop, and liquor store within a 1,980 SF retail condo.; Prime Ybor City Location: Situated in the heart of Tampa's booming and historic Ybor City, experiencing explosive growth and redevelopment.; Built‑in Clientele & High Visibility: Located within The Quarter at Ybor, a high‑demand mixed‑use complex, ensuring strong foot traffic and visibility on Palm Avenue.
    (813) 203-9758
    We can help!
    Listing Contact
    Madlena McAllister
    Madlena McAllister
    Real Estate License ID: 3433083
    Learn More
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    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
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