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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    298 Westshore Plz Tampa, FL 33609-1811

    • Super regional malls
    • 235,198 SF
    • 2.67 lot acres
    OFF-MARKET
    Last Sale
    Jul 22, 2024
    $10,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3357440
    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

    • BCBGMAXAZRIA at Macy's / Clothing Store / Fashion Accessories Store
    • Macy's / Fashion Accessories Store / Furniture Store
    • Macy's Backstage / Beauty Supply Store / Children'S Clothing Store
    • Finish Line / Children'S Clothing Store / Clothing Store
    • Macy's eSpot Kiosk / Gift Shop / Store

    Property Details for 298 Westshore Plz

    Year built
    1966
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.67 lot acres
    Property size
    235,198 SF
    Zone code
    PD
    Property type
    Super regional malls
    APN
    A202918ZZZ000005497100
    APU
    A202918ZZZ000005497100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5281
    Latitude
    27.9478
    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
    $162,040
    $3,130,461
    $4,952,639
    $8,083,100
    -
    $3,130,461
    $4,952,639
    $8,083,100

    Comparable in this City

    • Value Estimation
      $7,530,000
      64,136 SF

      3708 Henderson Blvd

      REGIONAL SHOPPING CENTER, MALL • 64,136 SF
      3708 Henderson Blvd, Tampa, FL 33609-4504
      View Details
    • Value Estimation
      $15,440,000
      159,010 SF

      347 Westshore Plz

      REGIONAL SHOPPING CENTER, MALL • 159,010 SF
      347 Westshore Plz, Tampa, FL 33609-1812
      View Details
    • Value Estimation
      $6,860,000
      46,754 SF

      110 Shr Blvd

      REGIONAL SHOPPING CENTER, MALL • 46,754 SF
      110 Shr Blvd, Tampa, FL 33609
      View Details
    • Value Estimation
      $41,695,000
      387,238 SF

      253 Westshore Plz

      REGIONAL SHOPPING CENTER, MALL • 387,238 SF
      253 Westshore Plz, Tampa, FL 33609-1810
      View Details
    • Value Estimation
      $1,485,000
      10,663 SF

      4502 Kennedy Blvd

      SHOPPING CENTER, STRIP CENTER • 10,663 SF
      4502 Kennedy Blvd, Tampa, FL 33609-2014
      View Details
    • Value Estimation
      $755,000
      5,430 SF

      4148 Kennedy Blvd

      SHOPPING CENTER, STRIP CENTER • 5,430 SF
      4148 Kennedy Blvd, Tampa, FL 33609-2246
      View Details

    Similar Nearby for Sale

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      South Tampa Retail Building For Sale

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    • $2,200,000
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      South Tampa Retail Building For Sale

      Freestanding retail building in South Tampa with high traffic.
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    • $6,822,000
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      Tampa Retail Investment Opportunity

      NNN lease with annual increases near Tampa International Airport.
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    • $5,250,000
      6,900 SF

      South Tampa Retail Redevelopment Opportunity

      Prime corner lot, 6,900 SF, multi-tenant.
      3202 Kennedy Blvd, Tampa, FL 33609
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    • $3,500,000
      2,325 SF

      Retail Corner in South Tampa

      Lighted retail corner with heavy traffic and major intersection.
      3501 Henderson Blvd, Tampa, FL 33609
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    • $900,000
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      Residential Land in Beach Park

      Land for custom home in Tampa's prestigious Beach Park.
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    Similar Nearby for Lease

    • $18,000 /Mo

      Retail Space Available For Rent

      Retail space for rent at $11 per square foot.
      2503 W Swann Ave, Tampa, FL 33609
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    • New
      Contact for pricing

      2517 Kennedy Blvd

      New Mixed-Use Development
      2517 Kennedy Blvd, Tampa, FL 33609
      View Details
    • $38 SF/Yr
      2,990 SF

      Retail Space on Kennedy Blvd

      Retail space with high visibility and traffic on Kennedy Blvd.
      4502 W Kennedy Blvd, Tampa, FL 33609
      View Details
    • Contact for pricing
      5,487 SF

      Prime Retail Location on Kennedy

      Freestanding retail building with high traffic and ample parking.
      3813 W Kennedy Blvd, Tampa, FL 33609
      View Details
    • $15 SF/Yr
      2,600 SF

      Remodeled Stand Alone Retail Building

      Recently remodeled stand-alone retail building available for rent.
      3675 West Shore Blvd, Tampa, FL 33609
      View Details
    • $31 SF/Yr
      5,927 SF

      Tampa Office Space For Rent

      Office space for rent with on-site amenities in Tampa.
      5310 Cypress Center Dr, Tampa, FL 33609
      View Details
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    298 Westshore Plz
    Tampa, FL 33609-1811
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    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
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