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Property profile & analytics
OFF-MARKET Estimated value $50,815,000
High-rise multifamily apartments

608 Willow Ave Tampa, FL 33606-1347

190,915 SF 1.81 ac lot Built 2022
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-4163566
Property summary
AI-generated overview

This exceptional retail or restaurant space, located at 608 N Willow Ave, Tampa, FL 33606, offers 1,666 to 3,222 square feet of versatile commercial space within the vibrant Jade at North Hyde Park development. Built in 2021, the property boasts a prime location in Hillsborough County's thriving North Hyde Park neighborhood, just steps from the new Tampa General Hospital and minutes from the University of Tampa and Downtown Tampa's Riverwalk. The space features attractive roll-up garage doors and street-facing windows/bar on Cass Street, providing excellent visibility and accessibility. This commercially zoned property (Commercial) benefits from ample on-site parking, convenient street parking, and additional shared off-site parking within 250 feet. The building is part of a larger mixed-use development including 192 luxury apartments, ensuring a built-in customer base and high foot traffic. Ideal for a variety of uses, including restaurants, coffee shops, and other retail businesses, this space presents a unique opportunity to establish a thriving business in a highly desirable and rapidly growing area of Tampa. The property's modern design and convenient location make it an exceptional investment opportunity. Total building square footage is 3,222 square feet.

Property profile
Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 2022
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 190,915 SF
Lot 1.81 ac (78,816 SF)
Zoning code PD
APN A2329184Q7000008000010
UPID US18-4163566
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
  • West End Pavilion Business Management Consultant
  • Restoration Tampa Hardware & Home Improvement Construction Company
  • Tango Brew Cafe & Coffee Shop
  • Greater Tampa Showmen's Association Or Organization
  • Jade at North Hyde Park Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$50.82M
CAP Approach CAP
$31.88M
Comparable Approach Comparable
$32.48M
Blend (final) Blend
$50.82M
Owner & transaction history
Jade Apartments LLC · 2 yrs held
Jade Apartments LLC
since 2024
Last sale
$50.8M
3 recorded transactions
2024
$50.8M
2019
Price N/A
2019
$3.0M
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $84.2M +20.3%
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