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    4121 Henderson Blvd Tampa, FL 33629-5749

    • Strip malls
    • 2,292 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Mar 26, 2025
    $1,022,000
    Value Estimations
    $730,000
    Show details
    Cap Rate Potential
    4.2%
    Strip malls
    Location Intelligence
    Property ID
    US18-4187998
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Coast To Coast Insurance of Florida / Insurance Agency / Auto Insurance Agency
    • Jennifer M. D'Angelo, P.A. / Family Law Attorney

    Property Details for 4121 Henderson Blvd

    Year built
    1951
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.16 lot acres
    Property size
    2,292 SF
    Zone code
    CG
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    A2829183RG000000000060
    APU
    A2829183RG000000000060

    Description

    This exceptional South Tampa storefront, located at 4121 Henderson Blvd, offers a compelling value-add opportunity. The 2,292 square foot property boasts 100% occupancy with two tenants on month-to-month leases, presenting immediate upside potential through lease renewals at market rates or attracting new tenants. The property sits on 0.16 acres and benefits from 50 feet of frontage along Henderson Blvd, a major thoroughfare connecting Tampa's central business district to affluent South Tampa neighborhoods. The General Commercial (CG) zoning allows for a wide range of uses. Strong demographics support the investment, with a 5-mile population of 192,421 and an average household income of $142,475. Nearby amenities include highly-rated schools (Plant High School, Dale Mabry Elementary, etc.), and major retailers such as Publix, Sprouts, and Fresh Market. The property's current pro-forma NOI is $67,222, yielding a 6.00% cap rate, and is offered at an asking price of $1,120,000. This represents a rare opportunity to acquire a well-located, multi-tenant retail property in a high-demand area with significant upside potential. The property's address is 4121 Henderson Blvd, Tampa, FL 33629. The Hillsborough County APN is A-28-29-18-3RG-000000-00006.0.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $750,000
      ML approach
      $780,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $525,000
      6.5%
      $480,000
      7%
      $450,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $581,000
      Market price range: $276k - $902k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5134
    Latitude
    27.9276
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,743
    $350,000
    $13,600
    $363,600
    -
    $350,000
    $13,600
    $363,600

    Comparable in this City

    • Value Estimation
      $480,000
      9,617 SF

      1530 Dl Mabry Hwy, Unit 1536

      SHOPPING CENTER, STRIP CENTER • 9,617 SF
      1530 Dl Mabry Hwy, Tampa, FL 33629-5809
      View Details
    • Value Estimation
      $515,000
      11,182 SF

      3413 Manhattan Ave

      SHOPPING CENTER, STRIP CENTER • 11,182 SF
      3413 Manhattan Ave, Tampa, FL 33629-8441
      View Details
    • Value Estimation
      $395,000
      6,660 SF

      2507 Macdill Ave

      SHOPPING CENTER, STRIP CENTER • 6,660 SF
      2507 Macdill Ave, Tampa, FL 33629-7255
      View Details
    • Value Estimation
      $1,925,000
      86,287 SF

      3225 Macdill Ave

      SHOPPING CENTER, STRIP CENTER • 86,287 SF
      3225 Macdill Ave, Tampa, FL 33629-8171
      View Details
    • Value Estimation
      $530,000
      8,778 SF

      3401 Bay To Bay Blvd

      SHOPPING CENTER, STRIP CENTER • 8,778 SF
      3401 Bay To Bay Blvd, Tampa, FL 33629-7042
      View Details
    • Value Estimation
      $515,000
      11,062 SF

      3105 Bay To Bay Blvd

      SHOPPING CENTER, STRIP CENTER • 11,062 SF
      3105 Bay To Bay Blvd, Tampa, FL 33629-7211
      View Details

    Similar Nearby for Sale

    • $975,000
      1,980 SF

      Retail/Office Site in Tampa

      Corner location retail/office site with signage and roll-up door.
      4223 Henderson Blvd, Tampa, FL 33629
      View Details
    • $975,000
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      Retail Property in South Tampa

      Free-standing retail property in Tampa with C1 zoning.
      2714 S Macdill Ave, Tampa, FL 33629
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    • $999,000
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      Prime Retail/Office Site For Sale

      Rare commercial site with high visibility and development potential.
      6112 West Shore Blvd, Tampa, FL 33629
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    • $2,250,000
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      Waterfront Land in Tampa

      Oversized lot with direct Tampa Bay access for dream home.
      4907 W Spring Lake Dr, Tampa, FL 33629
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    • New
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      Vacant parcel ready for single or multi-family project near Bayshore.
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      Cleared corner lot in South Tampa's Bel Mar Shores.
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    Similar Nearby for Lease

    • $30 SF/Yr
      9,912 SF

      Retail Space in South Tampa

      Retail space with frontage on a high-traffic corridor.
      1916 South Dale Mabry Hwy, Tampa, FL 33629
      View Details
    • $50 SF/Yr
      1,900 SF

      Palms Plaza Retail Space for Lease

      Tampa, FL Shopping Plaza - 1,800 sq ft Available
      1155 Dale Mabry Hwy, Tampa, FL 33629
      View Details
    • Contact for pricing
      2,028 SF

      Retail Space in Bayshore Gardens

      Prime retail space in affluent Tampa neighborhood near Hillsborough Bay.
      2907-2909 W Bay To Bay Blvd, Tampa, FL 33629
      View Details
    • $330 /Mo
      100 SF

      Retail Space with Key Access

      Retail space featuring key access, utilities, and common area cleaning.
      4242 Henderson Blvd, Tampa, FL 33629
      View Details
    • $30 SF/Yr
      1,094 SF

      Boutique Retail Space in Tampa

      Retail space in Tampa's Palma Ceia neighborhood available for rent.
      3105 W Bay To Bay Blvd, Tampa, FL 33629
      View Details
    • $33 SF/Yr
      4,388 SF

      Tampa Retail Showroom on Dale Mabry

      Retail or showroom space with frontage and lighted signage available.
      3612 S Dale Mabry Hwy, Tampa, FL 33629
      View Details
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    4121 Henderson Blvd
    Tampa, FL 33629-5749
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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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