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    FOR LEASE
    Strip malls

    8610 N Suwanee Ave, Tampa, FL 33604

    7,961 SF 0.35 ac lot Built 1959
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US18-4265736
    Property summary
    AI-generated overview

    This fully leased, 6,797 sq ft Tampa retail strip center presents a compelling investment opportunity. Located on a 15,272 sq ft lot with 30 parking spaces and a Commercial Intensive (CI) zoning designation, the property boasts high visibility on N. Florida Avenue, directly adjacent to a busy Home Depot. Recently renovated in 2023, the single-story building features six separate suites ranging from 539 to 1712 sq ft, currently occupied by a diverse mix of tenants under leases with varying expiration dates. These include a mattress store (through January 2029), a Pentecostal church (through 2025), a botanical shop (through 7/31/27), an arcade (through 4/30/25), and an auto dealer (through 4/30/27). Annual lease escalations provide built-in income growth, and the property's prime location on a high-traffic thoroughfare (over 25,000 vehicles per day) ensures strong tenant demand and future rental rate upside. Built in 1959, the property offers an 8.26% current cap rate, making it an attractive addition to any investment portfolio. The convenient location near I-275 provides easy access to surrounding areas. Asking price is $1,250,000.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1959
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 7,961 SF
    Lot 0.35 ac (15,272 SF)
    Zoning code CI
    APN A2428183EF000006000010
    UPID US18-4265736
    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
    • Tampa Signs and Printing (Bike/Boat/Book/etc) Store Printing Service
    • Unique Auto Dealership LLC Car Dealership
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $795k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $785k
    Owner & transaction history
    Jasc Development Viii LLC · 2 yrs held
    Jasc Development Viii LLC
    since 2023
    Last sale
    $800,000
    6 recorded transactions
    2023
    $800,000
    2009
    $310,000
    2003
    $250,000
    1997
    $106,800
    1969
    1969
    Zoning & alternative use
    CI · Tampa, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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