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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11615 Hillsborough Ave Tampa, FL 33635-9736

    • Retail space
    • 10,141 SF
    • 1.17 lot acres
    OFF-MARKET
    Value Estimations
    $1,800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7783897
    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

    • ABC Fine Wine & Spirits / Liquor Store / Beer Store

    Property Details for 11615 Hillsborough Ave

    Year built
    2016
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.17 lot acres
    Property size
    10,141 SF
    Zone code
    PD
    Property type
    Retail space
    APN
    U282817A08000000000020
    APU
    U282817A08000000000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,010,000
      6.5%
      $1,860,000
      7%
      $1,725,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,536,000
      Market price range: $442k - $1.58M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,250,000
      Current use
      OFFICE BUILDING
      $2,830,000
      Change: +26% Conversion: Easy
      MEDICAL BUILDING
      $2,740,000
      Change: +22% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,640,000
      Change: +17% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,955,000
      Change: -13% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,930,000
      Change: -14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.6134
    Latitude
    28.0144
    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
    $39,539
    $794,695
    $1,488,205
    $2,282,900
    -
    $794,695
    $1,488,205
    $2,282,900

    Comparable in this City

    • Value Estimation by Request
      2,220 SF

      13801 Hillsborough Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,220 SF
      13801 Hillsborough Ave, Tampa, FL 33635-9677
      View Details
    • Value Estimation
      $6,350,000
      21,020 SF

      11911 Hillsborough Ave

      RETAIL STORES (PERSONAL SERVICES) • 21,020 SF
      11911 Hillsborough Ave, Tampa, FL 33635-9738
      View Details
    • Value Estimation by Request
      3,025 SF

      13435 Hillsborough Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,025 SF
      13435 Hillsborough Ave, Tampa, FL 33635-9512
      View Details
    • Value Estimation
      $1,075,000
      6,822 SF

      12750 Hillsborough Ave

      CONVENIENCE STORE • 6,822 SF
      12750 Hillsborough Ave, Tampa, FL 33635-9525
      View Details
    • Value Estimation
      $4,505,000
      3,588 SF

      11425 Hillsborough Ave

      CONVENIENCE STORE • 3,588 SF
      11425 Hillsborough Ave, Tampa, FL 33635-9610
      View Details
    • Value Estimation
      $2,560,000
      12,930 SF

      13517 Prestige Pl

      SHOW ROOM, WAREHOUSE • 12,930 SF
      13517 Prestige Pl, Tampa, FL 33635-9614
      View Details

    Similar Nearby for Sale

    • $875,000

      Lakefront Buildable Lot Available

      Lakefront lot suitable for industrial, retail, or office use.
      13836 Monroes Business Park, Tampa, FL 33635
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    • $850,000
      0.56 Acres

      Tampa Commercial Land - Prime Location

      0.56-acre outparcel, high traffic, development ready.
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    • $1,649,900

      Tampa Commercial Land For Sale

      Commercial land available in Tampa's Business Park.
      13908 Monroes Business Park, Tampa, FL 33635
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    • $240,000
      0.14 Acres

      Waterfront Land Parcel in Tampa

      Waterfront .14-acre parcel with canal access to Tampa Bay.
      7406 Bay Dr, Tampa, FL 33635
      View Details
    • Contact for pricing
      1.47 Acres

      Tampa Retail Land Investment Opportunity

      Prime 1.47-acre commercial pad, high traffic.
      12733 Hillsborough Ave, Tampa, FL 33635
      View Details
    • $3,800,000
      4.09 Acres

      4+ Acre Land in Tampa

      4+ acre property with entitlements for wine warehouse distribution.
      13025 Memorial Hwy, Tampa, FL 33635
      View Details

    Similar Nearby for Lease

    • $19,148 /Mo

      Move-in Ready Office/Retail Suite

      Single-tenant suite suitable for office or retail use.
      13902 W Hillsborough Ave, Tampa, FL 33635
      View Details
    • Contact for pricing
      1,161 SF

      Retail Space in Bayport Commons

      Retail space available in Tampa's growing suburb.
      11665 W Hillsborough Ave, Tampa, FL 33635
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space For Rent

      Retail space available for rent in Tampa, Florida.
      8969 Race Track Rd, Tampa, FL 33635
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space on Hillsborough Avenue

      Neighborhood center with high visibility and ample parking available forrent.
      11212-11262 W Hillsborough Ave, Tampa, FL 33635
      View Details
    • Contact for pricing
      172,620 SF

      Tampa Bay Industrial Warehouse

      126,000 SF Warehouse Space Available
      13209 Memorial Hwy, Tampa, FL 33635
      View Details
    • Contact for pricing
      103,320 SF

      Available Warehouse Space in Tampa

      103,320 SF warehouse space for rent in Tampa, Florida.
      13209 Memorial Hwy, Tampa, FL 33635
      View Details

    Property Visit Statistics

    • Visits by month
      16.7k
    • Visitors by month
      12.9k
    • Avg Time on site
      16 min
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    Tampa, FL 33635-9736
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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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