9002 N 40TH ST, Tampa, FL 33604

Building Details

Building Size 3,888 SF More

Year Built 1960 More

Listing Agency: ROYAL REALTY REAL ESTATE, LLC

Listed By: Meriam Elmoufaddal · License FL #3538598 Show Phone

Source: Judibeck

Added: Aug 5 Changed: Nov 8 Last Checked: Nov 8 at 2:04PM

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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 ROYAL REALTY REAL ESTATE, LLC

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This strip mall is a commercial plaza property at 9002 N 40th St in Tampa, Florida. The building dates to 1960 and is classified within the strip mall property category.

The property records a Walk Score of 44, a Bike Score of 49, and a Transit Score of 31. These scores identify the site as car-dependent, somewhat bikeable, and served by some transit, respectively.

Key Highlights

• Strip mall property at 9002 N 40TH ST, Tampa, FL 33604
• Built in 1960
• Walk Score: 44; car‑dependent

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,294

Cap Rate

3.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$925,880 $925.9K

Cap Rate 7%

$661,343 $661.3K

Cap Rate 9%

$514,378 $514.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,888 SF

Gross rent

$70.0K $18.00/SF

− Vacancy

−$3.8K −$0.99/SF

EGI

$66.1K $17.01/SF

− OpEx

−$19.8K −$5.10/SF

NOI

$46.3K $11.91/SF

Area

Tampa, FL

Vacancy

5.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$925,880

Cap Rate 7%

$661,343

Cap Rate 9%

$514,378

Alternative Uses

Best Use

Retail

$661.3K

$578.7K – $771.6K (±1% cap)

NOI $46,294 @ 7.0% cap · market cap 3.43%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$905.8K

$792.6K – $1.06M (±1% cap)

NOI $63,406 @ 7.0% cap · market cap 4.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Pizza Borough Restaurant Voodu Vegan Bistro Restaurant

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Law Firm Pharmacy Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

676

Businesses Nearby

75k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 68% Shops & Services 26% Hotels & Casinos 6%

McDonald's Dining

42,077 visits/mo 0.4 miles

Mobil Shops & Services

9,747 visits/mo 0.4 miles

KFC Dining

8,686 visits/mo 0.2 miles

Family Dollar Shops & Services

7,548 visits/mo 0.1 miles

Hampton Inn - Suites By Hilton Tampa Busch Gardens Area Hotels & Casinos

4,383 visits/mo 0.4 miles

Demographics for 33604, FL

39,071

Population

17,053

Households

2.3

Avg Household Size

38

Median Age

26%

College-Educated

88%

High-School Grad

7.5 sq mi

ZIP Area

5,209

Density / Sq Mi

$55,988

Median Household Income

$39,537

Median Earnings

$1,326

Median Rent

$264,900

Median Home Value

Market

Average Price Trend$/SF for Strip malls in Hillsborough County, FL

$276 Jul

$280 Aug

$270 Sep

$311 Oct

Properties on Market for Strip malls in Hillsborough County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Tampa, FL

6.3% 2019

6.3% 2020

5.3% 2021

4.3% 2022

4% 2023

3.8% 2024

4.7% 2025

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Frequently Asked Questions

What type of property is this?

Strip mall - Commercial plaza format with a 1960 construction date in Tampa.

Where is this strip mall located?

The property is located at 9002 N 40TH ST Tampa, FL.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: Strip mall property at 9002 N 40TH ST, Tampa, FL 33604; Built in 1960; Walk Score: 44; car‑dependent