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Property profile & analytics
FOR SALE
Drug stores
4141 Hillsborough Ave Tampa, FL 33614-5631
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4014539
No photos on file
For Sale
Contact for pricing
4141 Hillsborough Ave, Tampa, FL 33614-5631
View Listing →
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,315 SF
Lot
1.77 ac (77,212 SF)
Zoning code
CI
APN
A332818ZZZ000005402800
UPID
US18-4014539
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
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
-
FedEx OnSite Postal Service Courier Service
-
Walgreens Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.13M
Blend (final)
Blend
$8.87M
Owner & transaction history
Jjr Apartments LLC · 2 yrs held
Jjr Apartments LLC
since 2024
Last sale
$6.1M
4 recorded transactions
Zoning & alternative use
CI · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
rty 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, CG, CN • Industrial - IH, IG • M-AP - M-AP 1 through 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2…
Zone name
Commercial Intensive
General category
COMMERCIAL
Zone area
3,248.54 ac
Top alternative use upside
Restaurant
$7.9M
+117.1%
Apartment house (5+ units)
$6.0M
+65.2%
Medical building
$4.4M
+21.8%
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
$6,905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,620,000
Current use
RESTAURANT
$7,865,000
Change: +117% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,985,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$4,410,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,245,000
Change: +17% · Conversion: Moderate
OFFICE BUILDING
$3,540,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$8.87M
Range $7.98M – $9.75M · ±10% · vs last sale $6.10M (Feb 14 2024)
Last sale anchor
$6.10M
Feb 14 2024
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
$543 / 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
$55,590
Tax year 2023
Assessed value
$2,718,700
Assessed 2023
Previous assessed
$2,718,700
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$1,111,853
Assessed improvement
$1,606,847
Land market value
$1,111,853
Improvement market value
$1,606,847
Total market value
$2,718,700
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
For Sale
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
6
Bathrooms
4
Total area
16,315 SF
Lot
1.77 ac (77,212 SF)
Zoning code
CI
APN
A332818ZZZ000005402800
UPID
US18-4014539
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CI · Tampa, FLZoning CI · permitted uses
CI · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
rty 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, CG, CN • Industrial - IH, IG • M-AP - M-AP 1 through 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2 • Seminole Heights - SH-RS, SH-RSA, SH-RM, SH-CG, SH-CI • Neighborhood Mixed Use -
Zone name
Commercial Intensive
General category
COMMERCIAL
Zone area
3,248.54 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.6M
RESTAURANT
Est. value
$7.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
OFFICE BUILDING
Est. value
$3.5M
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
6
Bathrooms
4
Lot
1.77 ac
Current owner
From public records · entity-resolved
Jjr Apartments LLC
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2024
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
May 14, 2024
$6,097,000
Jjr Apartments LLC
Cp Thunder Fs LLC
Special Warranty Deed
$3,048,500 · Td Bank NA
Sep 6, 2022
$6,590,900
Cp Thunder Fs LLC
Walgreen Co
Special Warranty Deed
$241,500,000 · Wells Fargo Bank NA
Sep 6, 2022
—
Walgreen Co
Cp Thunder Fs LLC
Lease
$241,500,000 · Wells Fargo Bank NA
—
—
Amscot Holdings INC
—
Deed Of Trust
related
$175,000 · 21st Century Holding Co
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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