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Property profile & analytics
FOR LEASE
Retail space
6621 Memorial Hwy Tampa, FL 33615
Entity Owned
~
Est. High Equity
Property ID
US18-0975574
For Lease
1 / 4
$2,755,000
6621 Memorial Hwy, Tampa, FL 33615
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,345 SF
Lot
1.37 ac (59,600 SF)
Zoning code
CG
APN
U022917ZZZ000000440500
UPID
US18-0975574
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
-
Badcock Home Furniture &more Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.84M
CAP Approach
CAP
$3.08M
Comparable Approach
Comparable
$2.95M
Blend (final)
Blend
$2.76M
Owner & transaction history
Tampa Training Ground LLC
Tampa Training Ground LLC
since 2026
Last sale
$2.4M
5 recorded transactions
Zoning & alternative use
CG · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.5M
+17.2%
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
$2,855,000
ML approach
$2,840,000
CAP Approach
CAP Return
Estimation
6%
$3,335,000
6.5%
$3,075,000
7%
$2,855,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,850,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,510,000
Change: +17% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,345,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,305,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$2.76M
Range $2.48M – $3.03M · ±10% · vs last sale $2.40M (Jan 12 2026)
Last sale anchor
$2.40M
Jan 12 2026
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
$159 / 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
$33,175
Tax year 2023
Assessed value
$1,874,200
Assessed 2023
Previous assessed
$1,715,945
+9.2% YoY
Effective rate
1.77%
On assessed value
Assessed land
$613,034
Assessed improvement
$1,261,166
Land market value
$613,034
Improvement market value
$1,261,166
Total market value
$1,874,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
2
Total area
17,345 SF
Lot
1.37 ac (59,600 SF)
Zoning code
CG
APN
U022917ZZZ000000440500
UPID
US18-0975574
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
CG · Tampa, FL
Zoning CG · permitted uses
CG · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tampa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.3M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
2
Lot
1.37 ac
Current owner
From public records · entity-resolved
Tampa Training Ground LLC
Entity
Mailing address
450 S ORANGE AVE STE #900, ORLANDO, FL 32801-3339
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2026
$2,400,000
Tampa Training Ground LLC
Nnn Reit LP
Special Warranty Deed
$1,628,000 · First Bank Of The Lake
Apr 4, 2022
—
W S Badcock Corporation
National Retail Properties LP
Lease
—
Apr 4, 2022
$2,759,633
National Retail Properties LP
W S Badcock Corporation
Special Warranty Deed
—
Jul 16, 2018
—
W S Badcock Corp
—
Loan Modification
related
$40,000,000 · Centerstate Bk NA
Mar 29, 2018
—
Ws Badcock Corp
—
Grant Deed
related
$62,735,000 · Centerstate Bk NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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