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    3617 Henderson Blvd Tampa, FL 33609-4536
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    Property profile & analytics

    3617 Henderson Blvd, Tampa, FL 33609-4536

    View on Map
    • Strip malls
    • 7,707 SF
    • 0.48 lot acres
    Off-Market
    Property ID
    US18-1328266
    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.
    Value Estimations
    $1,050,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Brier Grieves Insurance / Insurance Agency
    • Traditional Tae Kwon-Do Center of South Tampa / Sports School / Training Center
    • Kidz On The Go / Freight Service / Logistics Company
    • Luminosity / Interior Design / Home Decor Store

    Property Details for 3617 Henderson Blvd

    Year built
    1957
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.48 lot acres
    Zone code
    CG
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    A2829183QK00001A000010
    APU
    A2829183QK00001A000010

    Description

    This 7,245 square foot, single-story retail center, built in 1957 and renovated in 2000, is situated on a 20,720 square foot lot at the intersection of Henderson Boulevard, Swann Avenue, and S. Himes Avenue in South Tampa. The property is classified as Class B and zoned CG - General Commercial (APN: A-28-29-18-3QK-00001A-00001.0, Hillsborough County). Currently, one 1,039 square foot retail unit (Unit B) is available for lease. The center boasts ample parking, providing 35 spaces (a 5/1,000 SF ratio), a significant advantage in this area. The asking rent for Unit B is $3,983 per month (includes base rent and CAM of $8.00/SF), plus applicable sales tax. A tenant improvement allowance may be considered for qualified tenants with long-term leases. The property features multiple tenancies within a strip center/medical building configuration. Interested parties should note that the existing tenant should not be disturbed.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,710,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5027
    Latitude
    27.9372
    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
    $22,635
    $1,113,700
    $91,900
    $1,205,600
    -
    $1,113,700
    $91,900
    $1,205,600

    Comparable in this City

    • Value Estimation
      $1,790,000
      10,570 SF

      2419 Kennedy Blvd

      SHOPPING CENTER, STRIP CENTER
      2419 Kennedy Blvd, Tampa, FL 33609-3481
      View Details
    • Value Estimation
      $945,000
      5,930 SF

      4020 Kennedy Blvd

      SHOPPING CENTER, STRIP CENTER
      4020 Kennedy Blvd, Tampa, FL 33609-2761
      View Details
    • Value Estimation
      $1,935,000
      10,448 SF

      3143 Kennedy Blvd

      SHOPPING CENTER, STRIP CENTER
      3143 Kennedy Blvd, Tampa, FL 33609-3004
      View Details
    • Value Estimation
      $6,345,000
      34,290 SF

      201 Dl Mabry Hwy

      SHOPPING CENTER, STRIP CENTER
      201 Dl Mabry Hwy, Tampa, FL 33609-1271
      View Details
    • Value Estimation
      $1,115,000
      7,688 SF

      3007 Cypress St

      SHOPPING CENTER, STRIP CENTER
      3007 Cypress St, Tampa, FL 33609-1600
      View Details
    • Value Estimation
      $925,000
      7,442 SF

      138 Dl Mabry Hwy

      SHOPPING CENTER, STRIP CENTER
      138 Dl Mabry Hwy, Tampa, FL 33609-2837
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      South Tampa Commercial Space

      Prime location suitable for office, retail, or medical use.
      3715 W Horatio St, Tampa, FL 33609
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    Similar Nearby for Lease

    • Contact for pricing
      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
    • $32,400

      Free Standing Building For Rent

      Centrally located, renovated building suitable for office or retail use.
      2323 North B St, Tampa, FL 33609
      View Details
    • $77,556

      South Tampa Retail/Office Space

      Freestanding retail/office building in high-visibility South Tampa location.
      3418 W Swann Ave, 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
    • $3,000 /Mo
      1,291 SF

      Tampa Medical Office For Rent

      Commercial space suitable for medical, wellness, or general office use.
      3713 W Mckay Ave, Tampa, FL 33609
      View Details
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    Tampa, FL 33609-4536
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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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