New search
Property profile & analytics
FOR LEASE
Strip malls
3611 W Hillsborough Ave Tampa, FL 33614
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-7988673
For Lease
1 / 3
$9,565,000
3611 W Hillsborough Ave, Tampa, FL 33614
View Listing →
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Benitez Antonio DDS Dental Office
-
Vigo Bank Credit Union
-
Chinobarbershop Barber Shop
-
GiGi's Playhouse Tampa Down Syndrome Achievement Center Charitable Organization Social Service Agency
-
Accurate Personnel LLC Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.12M
CAP Approach
CAP
$7.19M
Comparable Approach
Comparable
$6.88M
Blend (final)
Blend
$9.57M
Owner & transaction history
Cf Greenhouse LLC · 4 yrs held
Cf Greenhouse LLC
since 2021
Last sale
$9.4M
4 recorded transactions
Zoning & alternative use
CG · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$15.4M
+41.0%
Medical building
$11.4M
+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
$12,415,000
ML approach
$12,115,000
CAP Approach
CAP Return
Estimation
6%
$7,785,000
6.5%
$7,185,000
7%
$6,670,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$10,930,000
Current use
APARTMENT HOUSE (5+ UNITS)
$15,415,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$11,360,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$9,330,000
Change: -15% · Conversion: Easy
OFFICE BUILDING
$9,115,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$9.57M
Range $8.61M – $10.52M · ±10% · vs last sale $9.39M (Sep 15 2021)
Last sale anchor
$9.39M
Sep 15 2021
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
$228 / 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
$67,002
Tax year 2023
Assessed value
$3,042,800
Assessed 2023
Previous assessed
$3,042,800
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$1,643,222
Assessed improvement
$1,399,578
Land market value
$1,643,222
Improvement market value
$1,399,578
Total market value
$3,042,800
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 Lease
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
6
Total area
42,021 SF
Lot
4.11 ac (179,230 SF)
Zoning code
CG
APN
A3328189U3000000000020
UPID
US18-7988673
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
$10.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.4M
MEDICAL BUILDING
Est. value
$11.4M
RETAIL STORES
Est. value
$9.3M
OFFICE BUILDING
Est. value
$9.1M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
6
Lot
4.11 ac
Current owner
From public records · entity-resolved
Cf Greenhouse LLC
Entity
Mailing address
6625 MIAMI LKS DR E STE #340, MIAMI LAKES, FL 33014-2738
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2021
$9,390,000
Cf Greenhouse LLC
Abaco Greenhouse INC
Special Warranty Deed
$7,000,000 · Morgan Stanley Bank NA
Feb 19, 2018
—
Abaco-greenhouse INC
—
Deed
related
$950,000 · First Citrus Bk
—
—
Abaco-greenhouse INC
—
Deed Of Trust
related
$2,100,000 · First Citrus Bk
—
—
Abaco-greenhouse INC
—
Loan Modification
related
$950,000 · First Citrus Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
