Property profile

2802 Bearss Ave Tampa, FL 33613

OFF-MARKET
Strip malls
Property ID
US18-4616486
13,773 SF 2.93 ac lot Built 1990
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Palms Connection, a single-story, 32,147 square foot retail center in Tampa, Florida's Northeast submarket, presents a compelling investment opportunity. Located at 2802 E Bearss Ave, Lutz, FL 33559, near the intersection of N 30th St SE, this Class B property boasts 300 parking spaces and sits on a 3.48-acre lot (151,589 sq ft). Built in 1990, the building features a 0.2 FAR and is zoned R1, County. The property's prime location offers exceptional visibility and accessibility, situated minutes from the University of South Florida and within two miles of three major medical facilities: AdventHealth Hospital Tampa, Moffitt Research Center, and James A. Haley Veterans Hospital. This high-traffic area ensures consistent customer flow, making it ideal for a variety of retail businesses. The property's single building comprises multiple suites, with a maximum contiguous space of 32,147 square feet. Property taxes are $2.14 per square foot. The APN is U-05-28-19-ZZZ-000001-25990.0, U-05-28-19-ZZZ-000001-26000.0. This is a rare opportunity to acquire a well-located retail center in a thriving Tampa submarket. No elevators are present.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1990
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 13,773 SF
Lot 2.93 ac (127,594 SF)
Zoning code PD
APN U052819ZZZ000001259900
UPID US18-4616486

Cap rate & NOI

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

Location

2802 Bearss Ave Tampa, FL 33613-2653
Tampa metro Census 11010 TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.95M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.42M
Blend (final) Blend
$8.73M

Owner & transaction history

since 2022
Last sale
$8.5M
2 recorded transactions
2022
$8.5M
1969
Price N/A

Zoning & alternative use

PD · Tampa, FL
Zoning description

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, SH-CI • Neighborhood Mixed Use - NMU16, NMU-24, NMU-35 • Planned Development -…

General category PLANNED_DEVELOPMENT
Top alternative use upside
Restaurant $6.6M +85.3%

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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