Storefront Retail
For Sale
$149,900
https //evrealestate.com/en/properties/our-listings/Undisclosed-Address-TAMPA-FL-33615-StellarMLS-W7881625, Tampa, FL 33615
For sale storefront retail property on Memorial Highway in Hillsborough County.
Property Size1,100 SF
Days on Market251
Property Features for https //evrealestate.com/en/properties/our-listings/Undisclosed-Address-TAMPA-FL-33615-StellarMLS-W7881625
General Information
Standard status
Active
Size
1,100 SF
Taxes and HOA fees
Annual Taxes
$41,318
Amenities
Central Air
Building Details
Building Size
1,100 SF
Year Built
1985
Listing Agency:
AGORA REAL ESTATE AND DEV INC
(727) 207-3020
Listed By:
Theo Dragoutsis
(727) 207-3020
Source:
Evrealestate
Added: Dec 23, 2025
Changed: Aug 8
Last Checked: Aug 30 at 2:22PM
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 AGORA REAL ESTATE AND DEV INC
Investment Insights
Based on property information with market context.
This listing presents a retail storefront property available for sale. The provided information characterizes the asset as storefront/retail space, positioned for direct customer access typical of neighborhood and corridor retail concepts. No additional interior details, unit count, or finish specifications were included in the materials provided.
The property is located at 5915 Memorial Highway in Tampa, Florida 33615, within Hillsborough County. Directions noted with the listing indicate travel south on Hillsborough Ave toward Memorial Highway.
For tenants or buyers, this type of asset is generally best suited for retail operators looking for a dedicated storefront presence along a major thoroughfare. Because the available data does not specify configuration, frontage, or condition, interested parties should review the property’s physical layout and any tenant-ready requirements during due diligence. If you would like, share the intended use and your requested criteria, and I can help translate them into a due-diligence checklist specific to storefront retail.
The property is located at 5915 Memorial Highway in Tampa, Florida 33615, within Hillsborough County. Directions noted with the listing indicate travel south on Hillsborough Ave toward Memorial Highway.
For tenants or buyers, this type of asset is generally best suited for retail operators looking for a dedicated storefront presence along a major thoroughfare. Because the available data does not specify configuration, frontage, or condition, interested parties should review the property’s physical layout and any tenant-ready requirements during due diligence. If you would like, share the intended use and your requested criteria, and I can help translate them into a due-diligence checklist specific to storefront retail.
Key Highlights
- For sale storefront retail property on Memorial Highway in Hillsborough County
- Central air cooling
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,682
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$253,640
$253.6K
Cap Rate 7%
$181,171
$181.2K
Cap Rate 9%
$140,911
$140.9K
Market Conditions
NOI Build-Up for 1,100 SF
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.
Gross rent
$19.8K $18.00/SF
− Vacancy
−$1.7K −$1.53/SF
EGI
$18.1K $16.47/SF
− OpEx
−$5.4K −$4.94/SF
NOI
$12.7K $11.53/SF
Area
ZIP 33615
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$253,640
Cap Rate 7%
$181,171
Cap Rate 9%
$140,911
Alternative Uses
Best Use
Retail
$181.2K
$158.5K – $211.4K
NOI $12,682 @ 7.0% cap · market cap 8.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$343.1K
$300.2K – $400.2K
NOI $24,014 @ 7.0% cap · market cap 16.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,054
Businesses Nearby
150k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 58%
Dining 15%
Shops & Services 14%
Apparel 7%
Publix
Groceries
59,313 visits/mo
0.5 miles
Aldi
Groceries
27,667 visits/mo
0.4 miles
Burger King
Dining
15,223 visits/mo
0.5 miles
Five Below
Shops & Services
10,414 visits/mo
0.5 miles
Harbor Freight Tools
Home Improvements & Furnishings
9,810 visits/mo
0.4 miles
Demographics for 33615, FL
47,434
Population
20,543
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
90%
High-School Grad
8.6 sq mi
ZIP Area
5,516
Density / Sq Mi
$66,257
Median Household Income
$38,858
Median Earnings
$1,586
Median Rent
$291,500
Median Home Value
Market
Vacancy Rate% for Retail in Tampa, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - For sale storefront retail property on Memorial Highway in Hillsborough County.
Where is this storefront property located?
The property is located at https //evrealestate.com/en/properties/our-listings/Undisclosed-Address-TAMPA-FL-33615-StellarMLS-W7881625 Tampa, FL.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: For sale storefront retail property on Memorial Highway in Hillsborough County; Central air cooling; Built in 1985
