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Property profile & analytics
FOR LEASE
Super regional malls

18001 Highwoods Preserve Pkwy Tampa, FL 33647

123,894 SF 19.19 ac lot Built 2001
Entity Owned 2-yr Hold Free & Clear
Property ID
US18-3572637
Property summary
AI-generated overview

The Walk at Highwoods Preserve presents a compelling investment opportunity in a thriving Tampa Bay submarket. This 140,631 square foot open-air shopping center enjoys a prime location in northern Hillsborough County, conveniently situated near the intersection of I-75 and Bruce B. Downs Boulevard, serving as a gateway to the Highwoods Preserve community. Currently, the center boasts a strong tenant roster including established national retailers such as HomeGoods, Michaels, and Sportsman's Warehouse. A total of 6,689 square feet of retail space is currently available, presenting a unique chance to capitalize on the area's robust growth. Located approximately 20 minutes north of downtown Tampa, within the Lakeland/Lutz area, this property benefits from the significant economic expansion and population growth Tampa has seen in recent years. The center's strategic location and established tenant base make it an attractive prospect for investors seeking a stable and high-growth retail investment. The single-tenant vacancy provides an excellent opportunity for expansion or a new tenant to establish a presence in this dynamic retail environment. This property offers a blend of established success and future potential within a rapidly developing area. The available space presents a chance to contribute to the already thriving retail landscape of Highwoods Preserve.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 2001
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 123,894 SF
Lot 19.19 ac (836,037 SF)
Zoning code PD-A
APN A1327191AS000000000A20
UPID US18-3572637
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Electrify America Charging Station Electric Vehicle Charging Station
  • NCCS Drop Box Only Charitable Organization
  • The Walk at Highwoods Preserve Shopping Center & Mall
  • TGI Fridays Bar & Pub Restaurant
  • Clothes and shoes donation box Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$31.13M
CAP Approach CAP
$27.71M
Comparable Approach Comparable
$24.90M
Blend (final) Blend
$31.13M
Owner & transaction history
Highwoods Preserve Owner LLC · 2 yrs held
Highwoods Preserve Owner LLC
since 2024
Last sale
$31.1M
4 recorded transactions
2024
Price N/A
2024
$31.1M
2018
$25.0M
2018
Price N/A
Zoning & alternative use
PD-A · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $45.5M +41.0%
Office building $34.6M +7.2%
Medical building $33.5M +3.9%
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More about this property
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