8711 Causeway Blvd Tampa, FL 33619
This exceptional 9-acre parcel in Hillsborough County, Florida, presents a prime multifamily development opportunity. Located at 8711 Causeway Blvd, Tampa, FL 33619, this site boasts PD zoning and approvals for a 238-unit project, streamlining the development process. The property's strategic location offers easy access to major transportation arteries including I-4, I-275, US 301, US 41, Crosstown Expressway, and SR 60, ensuring convenient commutes for residents. Proximity to significant employers such as Coca-Cola, Progressive Insurance, USAA, and LifeLink, further enhances the property's appeal. The surrounding area exhibits strong demographics, with a projected 2023 population of 166,951 within a 5-mile radius and an average household income of $83,186, indicating robust demand for multifamily housing. The site plan includes a 4-story building with surface parking. Utilities are readily available on-site. Existing approvals from the Environmental Protection Commission, Southwest Florida Water Management District, and the Florida Department of Transportation are in place, allowing developers to proceed directly to site plan approval and construction. The adjacent Santos Flats apartments, recently sold at $405,000 per door, serve as a compelling comparable. This infill location, considered the "Gateway to Tampa," offers an unparalleled investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.