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Property profile & analytics

7903 Holly Lea Ct Tampa, FL 33617

  • Commercial real estate
OFF-MARKET
Value Estimation
Location Intelligence
Property ID
US18-1084583
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.

Current Use by Public Records

  • Puritan Place Apartment Homes / Apartment Complex / Apartment Building
  • Puritan Tampa Llc / Apartment Building

Property Details for 7903 Holly Lea Ct

Property type
Commercial real estate

Description

This 224-unit apartment building in Tampa, Florida presents a compelling value-add investment opportunity. Located in a dynamic submarket with high barriers to entry and limited new competing supply, the property boasts a strong projected rent growth of 4.45% in 2025 and 4.85% over the next five years (per AxioMetrics). Its prime infill location, within nine minutes of Busch Gardens Tampa Bay and sixteen minutes from Downtown Tampa, ensures high occupancy potential. The property features a mix of one, two, and three-bedroom floor plans. Significant value-add potential exists through the addition of washer/dryer connections and appliances to most units, capitalizing on a substantial loss-to-lease of over $38,000 (41% below market rent). One building was completely renovated in 2023, already commanding premium rents. 197 units have been updated, with further improvement opportunities through upgrades like tile backsplashes and vinyl flooring. Additional income streams can be generated through implementing a valet trash program and converting to a Ratio Utility Billing System (RUBS) to reduce water/sewer expenses. Recent property improvements include a seal coat and parking lot restripe (2022). This property offers a unique blend of immediate cash flow and significant long-term upside. The property is located at 7903 Holly Lea Ct, Tampa, FL 33617.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Tampa
County
Hillsborough
State
Florida
Longitude
-82.402873
Latitude
28.0191978
More about this property
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