Property summary
West Village Commons, a 60,234 square foot shopping center in Tampa, Florida, presents a compelling investment opportunity. This 100% occupied, two-building property boasts 17 tenants, including Dollar Tree, USPS, and Little Caesars, and is shadow-anchored by a high-performing EoS Fitness center. The property sits on a 7.24-acre lot at the southwest corner of Ehrlich Road and W Village Drive, benefiting from high traffic counts and excellent visibility. Recent renovations (2004 & 2022) include new roofs (with 20-year warranties), paint, facade, and signage upgrades. The property features a desirable tenant mix catering to the affluent Carrollwood and Northdale neighborhoods, with a strong average household income within a one-mile radius ($124,829). The center's strong performance is reflected in its $1,230,611 NOI and a 7.00% cap rate. Ten of the seventeen tenants have no remaining options, presenting a significant opportunity for future rent increases. The property is zoned PD - Planned Development (Hillsborough County) and was built in 1985. This is a rare opportunity to acquire a stable, high-performing retail asset in a prime Tampa location with significant upside potential. The property offers easy access from major roadways with signalized intersections and median cuts providing convenient access for customers. The substantial daytime population within a 5-mile radius (189,668) further underscores the property's strong market position. This is a turnkey investment with a proven track record and significant potential for long-term growth.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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Nail Salon
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(Bike/Boat/Book/etc) Store
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Spa & Massage Center Skin Care Clinic
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Barber Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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 - NMU16, NMU-24, NMU-35 • Planned Development -…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PD · Tampa, FLthrough 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 - NMU16, NMU-24, NMU-35 • Planned Development -…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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 - NMU16, NMU-24, NMU-35 • Planned Development -…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PD in Tampa, FL.
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