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    6201 E Hillsborough Ave Tampa, FL 33610
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    Property profile & analytics

    6201 E Hillsborough Ave, Tampa, FL 33610

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    • Strip malls
    • 20,484 SF
    • 1.78 lot acres
    For Lease
    $12 SF/Yr
    View Listing →
    Retail/Office/Flex Space on Hillsborough Ave For Lease
    $12 SF/Yr
    4,545 SF

    Retail/Office/Flex Space on Hillsborough Ave

    Retail/office/flex space with high visibility and ample parking.

    6201 E Hillsborough Ave, Tampa, FL 33610
    View Listing
    Property ID
    US18-0468352
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Eastlake Center / Shopping Center & Mall
    • IT Bail Bonds / Law Firm
    • Nearby Storage Units - Tampa, FL / Storage Facility
    • Nearby Self Storage Units - Tampa, FL / Storage Facility
    • Cooper Deborah / Insurance Agency

    Property Details for 6201 E Hillsborough Ave

    Year built
    1988
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.78 lot acres
    Zone code
    PD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    U032919ZZZ000001439400
    APU
    U032919ZZZ000001439400

    Description

    Eastlake Centre, located at 6201-6217 E Hillsborough Ave, Tampa, FL 33610, offers 4,242 square feet of immediately available retail, office, and flex space within a larger building totaling 8,787 square feet. This multi-tenant property boasts excellent visibility on a high-traffic road with an average annual daily traffic count of 45,500 vehicles. The center is strategically positioned approximately one mile west of the Hard Rock Casino and offers convenient access to major transportation arteries including I-4, I-275, and US Highway 301. The property sits at a signalized intersection on East Hillsborough Avenue and includes pylon signage opportunities. Parking is abundant, with a ratio of seven spaces per 1,000 square feet. The location is advantageous, situated adjacent to NetPark, a substantial office park encompassing over one million square feet and employing more than 5,000 people. The asking lease rate is $14.00 per square foot, NNN. The Hillsborough County property (APN: 192903ZZZ000001439400U) presents a compelling opportunity for businesses seeking a high-profile location with excellent accessibility and ample parking.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3865
    Latitude
    27.9956
    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
    $33,799
    $570,664
    $1,323,036
    $1,893,700
    -
    $570,664
    $1,323,036
    $1,893,700

    Comparable in this City

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    • Value Estimation
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      5,607 SF

      6002 40th St

      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation
      $4,890,000
      25,934 SF

      3134 Hillsborough Ave

      SHOPPING CENTER, STRIP CENTER
      3134 Hillsborough Ave, Tampa, FL 33610-4528
      View Details
    • Value Estimation
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      5,280 SF

      6840 50th St

      SHOPPING CENTER, STRIP CENTER
      6840 50th St, Tampa, FL 33610-1848
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    • Value Estimation
      $1,475,000
      3,350 SF

      1737 Hillsborough Ave

      SHOPPING CENTER, STRIP CENTER
      1737 Hillsborough Ave, Tampa, FL 33610-8233
      View Details
    • Value Estimation by Request
      3,435 SF

      4709 40th St

      SHOPPING CENTER, STRIP CENTER
      4709 40th St, Tampa, FL 33610-6709
      View Details

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      Retail Space For Lease

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      Retail/Office/Flex Space on Hillsborough Ave

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    Tampa, FL 33610
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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.

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