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Property profile & analytics
FOR SALE
Strip malls
3202 W Kennedy Blvd Tampa, FL 33609
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US19-0607930
For Sale
1 / 6
$5,200,000
3202 W Kennedy Blvd, Tampa, FL 33609
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Property summary
AI-generated overview
This exceptional redevelopment opportunity presents a prime 27,250 square foot corner lot in South Tampa, Florida. Located at the hard corner of West Kennedy Boulevard and Henderson Boulevard, this property boasts high visibility and excellent access. The site currently features 6,900 square feet of retail space divided among three units across two buildings (3202 W. Kennedy Blvd and 3215 Henderson Blvd), currently operating at 100% occupancy. The existing tenants are under a triple net (NNN) lease structure, allowing for flexibility upon sale. The property is zoned CG, offering significant potential for redevelopment. This is one of the last remaining redevelopment opportunities in this highly desirable South Tampa location, presenting a unique chance to capitalize on the area's strong growth and demand. The address is 3202 W Kennedy Blvd, Tampa, FL 33609, within Hillsborough County. The property offers access points to Kennedy, Henderson, and Bradford Boulevards. This Class C retail investment presents a compelling opportunity for significant return.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,193 SF
Lot
0.43 ac (18,780 SF)
Zoning code
CG
APN
A2229183MQ000005000010
UPID
US19-0607930
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
-
Medi-Weightloss Tampa Medical Clinic Nutritionist
-
Optical Outlets Physician
-
Dr. Denyse Ramesar Physician
-
Dr. Gretchen Sanmiguel Pediatrician Physician
-
Jennifer Buzzett Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$965k
Owner & transaction history
Melan INC · 23 yrs held
Melan INC
since 2003
6 recorded transactions
Zoning & alternative use
CG · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+3.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,185,000
6.5%
$1,095,000
7%
$1,015,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,350,000
Current use
MEDICAL BUILDING
$1,405,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$1,155,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±10%
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
$186 / 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
$25,272
Tax year 2023
Assessed value
$1,323,500
Assessed 2023
Previous assessed
$1,323,500
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$971,865
Assessed improvement
$351,635
Land market value
$971,865
Improvement market value
$351,635
Total market value
$1,323,500
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 Sale
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Rooms
2
Total area
5,193 SF
Lot
0.43 ac (18,780 SF)
Zoning code
CG
APN
A2229183MQ000005000010
UPID
US19-0607930
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CG · Tampa, FL
Zoning CG · permitted uses
CG · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RETAIL STORES
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Rooms
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Melan INC
Entity
Mailing address
10518 HOMESTEAD DR, TAMPA, FL 33618-4008
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2017
—
Melan INC
—
Deed
related
$360,842 · Platinum Bk
Feb 28, 2003
$988,000
Melan INC
Schoewe,david G
Grant Deed
$798,000 · Platinum Bank
Jun 17, 1998
$214,000
Schoewe G
Dubin,susan J
Grant Deed
$249,000 · Colonial Bank Fsb
—
—
Melan INC
—
Deed Of Trust
related
$116,127 · Platinum Bank
—
—
Melan INC
—
Loan Modification
related
$360,842 · Platinum Bk
—
—
Melan INC
—
Deed Of Trust
related
$45,000 · Platinum Bank
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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