Property profile

1242 Hillsborough Ave Tampa, FL 33604

OFF-MARKET
Strip malls
Property ID
US18-9049678
15,200 SF 0.55 ac lot Built 1960
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 15,200 SF
Lot 0.55 ac (23,990 SF)
Zoning code SH-CI
APN A3128194KC000018000260
UPID US18-9049678

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • (Bike/Boat/Book/etc) Store
  • Hair Salon Nail Salon
  • (Bike/Boat/Book/etc) Store

Location

1242 Hillsborough Ave Tampa, FL 33604-7208
Tampa metro Census 1700 TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.64M
CAP Approach CAP
$3.20M
Comparable Approach Comparable
$3.39M
Blend (final) Blend
$2.61M

Owner & transaction history

since 2020
Last sale
$2.1M
3 recorded transactions
2020
$2.1M
2010
$480,000
1969
Price N/A

Zoning & alternative use

SH-CI · Tampa, FL
Zoning description

O-1, OP , OP-1 • Commercial - CI, CG, CN • Industrial - IH, IG • M-AP - M-AP 1 through 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2 • Seminole Heights - SH-RS, SH-RSA, SH-RM, SH-CG,…

General category INDUSTRIAL
Top alternative use upside
Medical building $4.1M +3.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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