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Property profile & analytics
FOR LEASE
Strip malls
2115 East Hillsborough Ave Tampa, FL 33610
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5482975
For Lease
1 / 8
$5,290,000
2115 East Hillsborough Ave, Tampa, FL 33610
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,258 SF
Lot
1.05 ac (45,897 SF)
Zoning code
CI
APN
A0629194AW000001000100
UPID
US18-5482975
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
-
Hong Kong Restaurant
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
-
Jithu Abraham Physician
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
HART Bus Stop Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.99M
Blend (final)
Blend
$5.29M
Owner & transaction history
East Main Street Associates LLC · 3 yrs held
East Main Street Associates LLC
since 2022
Last sale
$5.3M
5 recorded transactions
Zoning & alternative use
CI · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.4M
+85.3%
Apartment house (5+ units)
$4.1M
+41.0%
Office building
$3.5M
+19.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tampa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tampa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,380,000
ML approach
$5,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,430,000
Change: +85% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,130,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$3,505,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$5.29M
Range $4.76M – $5.82M · ±10% · vs last sale $5.27M (Nov 17 2022)
Last sale anchor
$5.27M
Nov 17 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$470 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,518
Tax year 2023
Assessed value
$1,654,000
Assessed 2023
Previous assessed
$975,300
+69.6% YoY
Effective rate
1.42%
On assessed value
Assessed land
$504,867
Assessed improvement
$1,149,133
Land market value
$504,867
Improvement market value
$1,149,133
Total market value
$1,654,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
4
Rooms
100
Total area
11,258 SF
Lot
1.05 ac (45,897 SF)
Zoning code
CI
APN
A0629194AW000001000100
UPID
US18-5482975
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CI · Tampa, FL
Zoning CI · permitted uses
CI · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tampa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.5M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
4
Rooms
100
Lot
1.05 ac
Current owner
From public records · entity-resolved
East Main Street Associates LLC
Entity
Mailing address
3507 BERGER RD, LUTZ, FL 33548-4759
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2022
$5,266,800
East Main Street Associates LLC
Cardinal Green Investments LLC
Special Warranty Deed
$10,000 · Us Century Bank
Jul 15, 2022
$3,835,000
Cardinal Green Investments LLC
Maverick Drug III LLC
Special Warranty Deed
$3,302,009 · The Northern Trust Co
Sep 23, 2014
$428,000
J & A Property LLC
Sedk II LLC
Grant Deed
$423,000 · Sedk II LLC
Jun 4, 2013
$464,000
Sedk II LLC
Sb Properties No 3 LLC Coc
Trustees Deed
—
—
—
S-b Properties No 3 LLC
—
Deed Of Trust
related
$1,850,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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