Property profile

3611 Hillsborough Ave Tampa, FL 33614

OFF-MARKET
Strip malls
Property ID
US18-7988673
42,021 SF 4.11 ac lot Built 1985
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The Greenhouse Shops is a shopping center that was newly renovated, anchored by a Walmart Neighborhood Market and the Sanitas Medical Center. The property includes retail space, with a listed unit size of 1,200 square feet. The center is positioned for access to North Dale Mabry Highway, a main north/south thoroughfare in the Tampa market, and is also accessible via Hillsborough Avenue, a major east/west artery that connects to surrounding neighborhoods.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 42,021 SF
Lot 4.11 ac (179,230 SF)
Zoning code CG
APN A3328189U3000000000020
UPID US18-7988673

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Dental Office
  • Bank Credit Union
  • Barber Shop
  • Charitable Organization Social Service Agency
  • Employment Agency

Location

3611 Hillsborough Ave Tampa, FL 33614-5757
Tampa metro Census 11911 TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$12.12M
CAP Approach CAP
$7.19M
Comparable Approach Comparable
$6.88M
Blend (final) Blend
$12.42M

Owner & transaction history

since 2021
Last sale
$9.4M
4 recorded transactions
2021
$9.4M
2018
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CG · Tampa, FL
Zoning description

as allowed by the code. Categories of zoning districts • Single family - RS-150, RS-100, RS-75, RS-60, RS-50 • Multiple family - RM-75, RM-50, RM-24, RM-18, RM-16, RM-12 • Office - RO, RO-1, OP , OP-1 • Commercial - CI,…

General category COMMERCIAL
Top alternative use upside
Apartment house (5+ units) $15.4M +41.0%
Medical building $11.4M +3.9%

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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