Property profile

5330 Ehrlich Rd Tampa, FL 33624

OFF-MARKET
Strip malls
Property ID
US18-0195885
27,104 SF 7.24 ac lot Built 1985
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 27,104 SF
Lot 7.24 ac (315,418 SF)
Zoning code PD
APN U062818ZZZ000000806800
UPID US18-0195885

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
  • (Bike/Boat/Book/etc) Store
  • Nail Salon
  • (Bike/Boat/Book/etc) Store
  • Spa & Massage Center Skin Care Clinic
  • Barber Shop

Location

5330 Ehrlich Rd Tampa, FL 33624-6966
Tampa metro Census 11417 TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.71M
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.00M

Owner & transaction history

since 2026
7 recorded transactions
2026
$14.9M
2022
Price N/A
2022
$12.0M
2021
$250,000
2021
Price N/A
2019
Price N/A
2019
$11.5M

Zoning & alternative use

PD · Tampa, FL
Zoning description

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 -…

General category PLANNED_DEVELOPMENT
Top alternative use upside
Office building $7.6M +7.2%
Medical building $7.3M +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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