Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8707 Temple Terrace Hwy Tampa, FL 33637

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Shopping center anchored by Winn Dixie in Temple Terrace.

    Property Features for 8707 Temple Terrace Hwy

    General Information

    Standard status
    Active

    Building Details

    Year built
    1987

    We can help!

    Listing Contact
    Alex Hirsch
    Source: Crexi

    Listing Agency: Milbrook Properties Ltd Listing Agent: Alex Hirsch

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Supermarket Anchored Shopping Center Space

    Point Plaza is a shopping center located in Temple Terrace, Florida. The property is anchored by a supermarket and features 97,087 square feet of gross leasable area. The center contains 15 stores and provides 524 parking spaces. A large pylon offers visibility from Temple Terrace Highway. Current retailers include Winn Dixie, Family Dollar, Subway, CSL Plasma, and ChenMed. The property is located adjacent to a 633,000 square foot Amazon distribution center with 750 employees. The location provides convenient access to I-4, I-75, Highway 301, and Tampa Executive Airport.
    Location Intelligence

    Current Use by Public Records

    Treasure Hunt Bins Department Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Point Plaza, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3560201
    Latitude
    28.0315884

    Nearby Similar for Lease

    • $22 SF/Yr
      18,636 SF

      Prime Ybor City Office Suites

      Office suites for lease in the heart of Ybor City.
      2109 E Palm Ave, Tampa, FL 33605
      View Details
    • $6,000 /Mo
      2,280 SF

      Downtown Tampa Commercial Office Space

      High-visibility 1,500 SF office space in downtown Tampa.
      1006 N Florida Ave, Tampa, FL 33602
      View Details
    • $21 SF/Yr
      3,290 SF

      Ybor City Warehouse and Office

      Newer construction warehouse and office space in Ybor City.
      2820 N 34Th St, Tampa, FL 33605
      View Details
    • $15 SF/Yr
      8,121 SF

      Tampa Industrial/Retail/Showroom Space For Lease

      Industrial/retail/showroom space zoned CG, suitable for various businesses.
      7941 N Armenia Ave, Tampa, FL 33604
      View Details
    • $28 SF/Yr
      34,256 SF

      Fowler Avenue Retail Leasing Opportunity

      Versatile commercial spaces available on a highly visible Tampa corridor.
      2001 E Fowler Ave, Tampa, FL 33612
      View Details
    • $2,950 /Mo
      4,980 SF

      Furnished Corner Office Space Available

      Move-in ready, furnished office space with flexible lease terms.
      1046 W Busch Blvd, Tampa, FL 33612
      View Details
    • $3,000 /Mo
      1,274 SF

      Turnkey Office Condo in Tampa

      Professional office condo for lease in a prime Tampa location.
      5404 Hoover Blvd, Tampa, FL 33634
      View Details
    • $3,158 /Mo
      1,420 SF

      Tampa Office with Secure Parking

      Versatile office space with gated parking, near Downtown Tampa.
      2135 SOUTH 78Th St, Tampa, FL 33619
      View Details
    • $17 SF/Yr
      2,860 SF

      Tampa Retail Showroom For Rent

      Retail showroom in vintage 1926 building with high visibility.
      4709 N Florida Ave, Tampa, FL 33603
      View Details
    • $6,500 /Mo
      3,480 SF

      Tampa Commercial Space with Patio

      2,000 SF commercial space with outdoor seating area.
      3918 Boulevard N, Tampa, FL 33603
      View Details
    • $10,011 /Mo
      4,792 SF

      High-Exposure Commercial Building Near Busch Gardens

      Two-story commercial building with high visibility and flexible configuration.
      3601 E Busch Blvd, Tampa, FL 33612
      View Details
    • $13,500 /Mo
      2,120 SF

      Historic Hyde Park Office Building

      Restored historic office building in Tampa's Hyde Park neighborhood.
      2111 W Cleveland St, Tampa, FL 33606
      View Details

    FAQs

    What type of property is this?
    Shopping center - Shopping center anchored by Winn Dixie in Temple Terrace.
    Where is this shopping center located?
    The property is located at 8707 Temple Terrace Hwy Tampa, FL.
    What are key features of this property?
    This property features: - Supermarket anchored shopping center (Winn Dixie) with 97,087 sqft GLA.; - Adjacent to a 633,000 sqft Amazon distribution center with 750 employees.; - High visibility from Temple Terrace Highway via a large pylon sign.
    Request Owner's contact information
    8707 Temple Terrace Hwy Tampa, FL 33637
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8707 Temple Terrace Hwy
    Tampa, FL 33637
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    8707 Temple Terrace Hwy Tampa, FL 33637
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Alex Hirsch
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!