8502 N Armenia Ave Tampa, FL 33604
Property profile & analytics
8502 N Armenia Ave Tampa, FL 33604
- Strip malls
- 12,392 SF
- 2.47 lot acres
Property ID
US18-4202276
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.
Location Intelligence
Current Use by Public Records
- Inspire House Nutrition / Cafe & Coffee Shop
- Leo Barber Shop / Barber Shop
- Glamour Boutique Tampa / Clothing & Fashion Store
- Taurus Bar Lounge & Disco / Restaurant
- L&L Beauty Unique Salon / Hair Salon / Nail Salon
Property Details for 8502 N Armenia Ave
- Year built
- 1984
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.47 lot acres
- Property size
- 12,392 SF
- Zone code
- CG
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- A222818152000000000101
- APU
- A222818152000000000101
Description
Evershine Square, a 29,294 square foot shopping center in Tampa, Florida, presents a compelling investment opportunity. This single-story, 17-tenant property boasts a 99% occupancy rate and a strong net operating income (NOI) of $547,073, yielding a 7.14% cap rate. The asking price is $7,665,000, translating to $261.66 per square foot. Built in 1984 and extensively renovated in 2019, the center features a durable TPO roof (installed 2019), a recently resurfaced parking lot (July 2024), and significant HVAC upgrades (2019). The property is situated on a 2.47-acre lot with 95 parking spaces and is zoned CG. Each tenant has individually metered utilities, simplifying management and enhancing cost efficiency. The center benefits from a prime location in Tampa, with nearly 20,000 residents within a one-mile radius and over 50,000 households within a three-mile radius. Below-market rents offer significant value-add potential, with projections indicating a potential valuation increase to just under $10,000,000 within three years. The property's long history of success, minimal vacancy, and strong tenant retention make it an attractive, low-maintenance investment with substantial long-term growth potential. The property's APN is A-22-28-18-152-000000-00010.1. The lease type is NNN.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,825,000
- 6.5%
- $2,610,000
- 7%
- $2,420,000
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $3,225,000 Current use
- MEDICAL BUILDING
- $3,350,000 Change: +4% Conversion: Difficult
- OFFICE BUILDING
- $2,915,000 Change: -10% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.4849
- Latitude
- 28.0276
- 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
$50,259
$1,142,672
$1,251,828
$2,394,500
-
$1,142,672
$1,251,828
$2,394,500
