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Property profile & analytics
OFF-MARKET Estimated value $30,255,000
Super regional malls

2915 Dl Mabry Hwy Tampa, FL 33607-2414

109,683 SF 11.57 ac lot Built 1972
Individually Owned 10-yr Hold Absentee Owner Free & Clear
Property ID
US18-4524386
Property summary
AI-generated overview

This exceptional investment opportunity presents the Tampa Bay Center, a 142,350 square foot shopping center boasting a 100% occupancy rate. Strategically located in Tampa's Westshore Business District at 2915 N Dale Mabry Hwy, 33607, this three-building, fee-simple property sits on 11.13 acres and offers 470 parking spaces. The center features eight tenants, including prominent national brands like Ashley Furniture, Floor & Decor, Dollar Tree, and The Tile Shop. Six of these tenants have occupied the space for six or more years, demonstrating strong commitment and stability. The weighted average lease term remaining is 3.5 years, ensuring a consistent cash flow. The property's Net Operating Income (NOI) is $2,323,044, resulting in a 6.50% cap rate at an asking price of $35,740,000 ($251.07 per square foot). The center benefits from its location on major thoroughfares with a combined Annual Average Daily Traffic (AADT) exceeding 90,000 vehicles, providing exceptional visibility and accessibility. The Westshore Business District, home to over 6,500 businesses and 100,000 employees, surrounds the property, ensuring a robust customer base. Nearby amenities include Tampa International Airport, International Plaza, Westshore Plaza, and Midtown Tampa. Within a one-mile radius, the average household income is $95,192, rising to $119,848 within three miles. This stabilized, triple-net (NNN) leased property, with credit-rated tenants, represents a rare opportunity to acquire a trophy asset in a highly desirable location. The property is further enhanced by a 5,697 square foot outparcel, offering additional investment potential.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1972
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 109,683 SF
Lot 11.57 ac (504,158 SF)
Zoning code CI
APN A162918ZZZ000005473300
UPID US18-4524386
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
  • Tampa Plaza Shopping Center Shopping Center & Mall
  • Ashley Store Furniture & Home Goods
  • GAB Pressure Washing Landscaping General Contractor
  • Jen Affordable Insurance Quotes Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$23.09M
Comparable Approach Comparable
by Request
Blend (final) Blend
$30.26M
Owner & transaction history
Charles M Andrews · 10 yrs held
Charles M Andrews
since 2015
Last sale
$37.7M
6 recorded transactions
2015
$15.4M
2015
$1.5M
2014
$850,000
2012
$1.8M
2012
$3.7M
1969
Price N/A
Zoning & alternative use
CI · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $40.2M +41.0%
Medical building $29.7M +3.9%
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