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    Property profile & analytics

    16645 Fishhawk Blvd Lithia, FL 33547

    • Strip malls
    • 5,888 SF
    • 1.24 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4301582
    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

    • Dunkin' / Cafe & Coffee Shop
    • Baskin-Robbins / Grocery & Convenience Store / Specialty Food Shop
    • Bijou Nail Bar / Nail Salon

    Property Details for 16645 Fishhawk Blvd

    Year built
    2004
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.24 lot acres
    Property size
    5,888 SF
    Zone code
    PD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    U22302171E000000D00000
    APU
    U22302171E000000D00000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,090,000
      6.5%
      $1,005,000
      7%
      $935,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,435,000
      Current use
      OFFICE BUILDING
      $1,530,000
      Change: +6% Conversion: Moderate
      MEDICAL BUILDING
      $1,460,000
      Change: +2% Conversion: Difficult
      RETAIL STORES
      $1,285,000
      Change: -11% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,240,000
      Change: -14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lithia
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.2031
    Latitude
    27.8594
    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
    $21,002
    $700,005
    $467,895
    $1,167,900
    -
    $700,005
    $467,895
    $1,167,900

    Comparable in this City

    • Value Estimation
      $535,000
      5,000 SF

      5490 Lithia Pinecrest Rd

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      5490 Lithia Pinecrest Rd, Lithia, FL 33547-2853
      View Details
    • Value Estimation
      $1,225,000
      7,245 SF

      16222 Bayberry Gln Dr

      SHOPPING CENTER, STRIP CENTER • 7,245 SF
      16222 Bayberry Gln Dr, Lithia, FL 33547-4051
      View Details
    • Value Estimation
      $3,090,000
      27,094 SF

      10415 County Rd 39

      SHOPPING CENTER, STRIP CENTER • 27,094 SF
      10415 County Rd 39, Lithia, FL 33547-2864
      View Details
    • Value Estimation
      $1,255,000
      9,266 SF

      16311 Fishhawk Blvd

      SHOPPING CENTER, STRIP CENTER • 9,266 SF
      16311 Fishhawk Blvd, Lithia, FL 33547-3932
      View Details
    • Value Estimation
      $2,015,000
      4,940 SF

      5610 Circa Fishhawk Blvd

      SHOPPING CENTER, STRIP CENTER • 4,940 SF
      5610 Circa Fishhawk Blvd, Lithia, FL 33547-4218
      View Details
    • Value Estimation
      $1,875,000
      11,211 SF

      13420 Boyette Rd

      SHOPPING CENTER, STRIP CENTER • 11,211 SF
      13420 Boyette Rd, Lithia, FL 33547
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,608 SF

      Retail Property Near Fishhawk Ranch

      Retail property with high visibility near established neighborhood and schools.
      16232 Bayberry Glen Dr, Lithia, FL 33547
      View Details
    • $1,250,000
      6,182 SF

      Lithia, FL Multi-Use Property

      RV Park, Warehouse, High NOI
      10605 Lithia Pinecrest Rd, Lithia, FL 33547
      View Details
    • $450,000
      11.06 Acres

      Agricultural Land in Lithia, Florida

      Approximately 11.06 acres of agricultural land for sale.
      13029 S County Road 39, Lithia, FL 33547
      View Details
    • $327,900
      3.62 Acres

      Agricultural Land in Lithia, Florida

      3.61 acres ideal for farming, livestock, or private homestead.
      1823 Welcome Rd, Lithia, FL 33547
      View Details
    • $355,000

      5.3 Acre Partially Cleared Land

      5.3 acre parcel with cleared and wooded areas.
      17609 Bledsoe Loop, Lithia, FL 33547
      View Details
    • $259,000
      1.01 Acres

      Residential Land with Deep Well

      One-acre residential lot with deep well in FishHawk Reserve.
      15323 Fishhawk Heights, Lithia, FL 33547
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      34,000 SF

      Park Square Office Complex

      Lithia, FL Office & Retail Space
      16132 Churchview Dr, Lithia, FL 33547
      View Details
    • $20 SF/Yr
      1,800 SF

      Retail Space Available For Rent

      1,800 SF retail space available in Lithia, Florida.
      16645 Fishhawk Blvd, Lithia, FL 33547
      View Details
    • Contact for pricing
      2,110 SF

      Retail Space in Fishhawk Ranch

      Retail space in a high-traffic Fishhawk Ranch location.
      16132-16144 Churchview Dr, Lithia, FL 33547
      View Details
    • Contact for pricing

      Land in Publix-Anchored Center

      Land for rent in a Publix-anchored shopping center.
      5606 Fishhawk Crossing Blvd, Lithia, FL 33547
      View Details
    • Contact for pricing
      2,430 SF

      Modern Office Space Available

      Modern office space for rent in Lithia, Florida.
      16301 Fishhawk Blvd, Lithia, FL 33547
      View Details
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    Lithia, FL 33547
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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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