Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2802 Bearss Ave Tampa, FL 33613-2653

    • Strip malls
    • 13,773 SF
    • 2.93 lot acres
    OFF-MARKET
    Last Sale
    Jan 10, 2022
    $8,515,000
    Value Estimations
    $8,670,000
    Show details
    Cap Rate Potential
    2.2%
    Strip malls
    Location Intelligence
    Property ID
    US18-4616486
    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

    • Strip malls

    Property Details for 2802 Bearss Ave

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.93 lot acres
    Property size
    13,773 SF
    Zone code
    PD
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    U052819ZZZ000001259900
    APU
    U052819ZZZ000001259900

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,700,000
      ML approach
      $8,945,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,421,000
      Market price range: $1.66M - $5.42M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $6,640,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4275
    Latitude
    28.081
    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
    $70,164
    $1,258,664
    $2,647,636
    $3,906,300
    -
    $1,258,664
    $2,647,636
    $3,906,300

    Comparable in this City

    • Value Estimation by Request
      2,433 SF

      13507 Florida Ave

      SHOPPING CENTER, STRIP CENTER • 2,433 SF
      13507 Florida Ave, Tampa, FL 33613-3214
      View Details
    • Value Estimation
      $860,000
      5,570 SF

      14601 Nebraska Ave

      SHOPPING CENTER, STRIP CENTER • 5,570 SF
      14601 Nebraska Ave, Tampa, FL 33613-1430
      View Details
    • Value Estimation
      $1,800,000
      13,340 SF

      13539 Florida Ave

      SHOPPING CENTER, STRIP CENTER • 13,340 SF
      13539 Florida Ave, Tampa, FL 33613-3203
      View Details
    • Value Estimation
      $3,885,000
      31,777 SF

      14811 Florida Ave

      SHOPPING CENTER, STRIP CENTER • 31,777 SF
      14811 Florida Ave, Tampa, FL 33613-1825
      View Details
    • Value Estimation
      $580,000
      3,476 SF

      14016 Florida Ave

      SHOPPING CENTER, STRIP CENTER • 3,476 SF
      14016 Florida Ave, Tampa, FL 33613-3233
      View Details
    • Value Estimation
      $2,835,000
      20,704 SF

      1913 Bearss Ave

      SHOPPING CENTER, STRIP CENTER • 20,704 SF
      1913 Bearss Ave, Tampa, FL 33613-2600
      View Details

    Similar Nearby for Sale

    • $6,290,000
      12,000 SF

      Tampa Manufacturing/Retail Opportunity

      Manufacturing and retail property in Tampa, Florida.
      13650 N 12Th St, Tampa, FL 33613
      View Details
    • $2,200,000
      1,568 SF

      Retail Property Near USF

      NNN leased retail property near USF and major retailers.
      14516 N 22Nd St, Tampa, FL 33613
      View Details
    • $435,000

      Income-Generating Duplex Near USF

      Remodeled duplex, successful Airbnb, near USF, ideal for investors.
      1220 E 142Nd Ave, Tampa, FL 33613
      View Details
    • $1,375,000
      4,624 SF

      Tampa Multifamily Investment Opportunity

      16-unit apartment building in Tampa's University District, 100% occupied.
      1214 E 138Th Ave, Tampa, FL 33613
      View Details
    • $719,000

      Lakefront Lot on Lake Magdalene

      0.4-acre waterfront lot perfect for a custom-built home.
      14808 Lake Magdalene Cir, Tampa, FL 33613
      View Details
    • $559,000
      1.77 Acres

      Tampa Lakefront Land for Sale

      1.77 acre lakefront land with development potential in Tampa.
      1022 Sylvia Ln, Tampa, FL 33613
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,612 SF

      Retail Space in Tampa Center

      Retail space available in Winn-Dixie anchored shopping center.
      2526-2560 E Bearss Ave, Tampa, FL 33613
      View Details
    • Contact for pricing
      3,100 SF

      Retail Property Near USF

      Retail space with high visibility near USF.
      2253-2291 E Bearss Ave, Tampa, FL 33613
      View Details
    • $24 SF/Yr
      5,000 SF

      Veterinary Hospital Space Available

      5,000 SF veterinary hospital space for lease.
      198 E Bearss Ave, Tampa, FL 33613
      View Details
    • $152,604

      Office/Retail Space Available For Rent

      Office and retail space available for lease.
      202 E Bearss Ave, Tampa, FL 33613
      View Details
    • Contact for pricing
      1,467 SF

      Office Space Available For Rent

      Former law firm space with reception, offices, and conference room.
      14517 N 18Th St, Tampa, FL 33613
      View Details
    • $60,000

      Class A Office Complex

      Multi-tenant office complex in Tampa's Lake Magdalene.
      15434 N Florida Ave, Tampa, FL 33613
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2802 Bearss Ave
    Tampa, FL 33613-2653
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.