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Property profile & analytics
OFF-MARKET
Estimated value
$5,130,000
Drug stores
8706 Hillsborough Ave, Tampa, FL 33615-3705
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US19-0422382
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,470 SF
Lot
1.44 ac (62,593 SF)
Zoning code
PD
APN
U0229175W9000000000030
UPID
US19-0422382
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
-
Christine A. Moore, APRN Registered General Nurse
-
Bitcoin Depot | BDCheckout Atm
-
Jennelyn Moneda Physician
-
Western Union Bank Credit Union
-
Frank Vega Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.78M
Blend (final)
Blend
$5.13M
Owner & transaction history
Enl Se Dst · 4 yrs held
Enl Se Dst
since 2021
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.9M
+117.1%
Apartment house (5+ units)
$6.0M
+65.2%
Office building
$5.8M
+59.0%
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
$5,490,000
ML approach
$5,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,655,000
Current use
RESTAURANT
$7,940,000
Change: +117% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,040,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$5,815,000
Change: +59% · Conversion: Easy
MEDICAL BUILDING
$4,450,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,285,000
Change: +17% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,180,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,140,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$5.13M
Range $4.62M – $5.64M · ±10% · vs last sale $5.00M (Oct 27 2021)
Last sale anchor
$5.00M
Oct 27 2021
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
$311 / 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
$53,939
Tax year 2023
Assessed value
$3,034,900
Assessed 2023
Previous assessed
$3,034,900
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$1,173,619
Assessed improvement
$1,861,281
Land market value
$1,173,619
Improvement market value
$1,861,281
Total market value
$3,034,900
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
16,470 SF
Lot
1.44 ac (62,593 SF)
Zoning code
PD
APN
U0229175W9000000000030
UPID
US19-0422382
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
PD · Tampa, FL
Zoning PD · permitted uses
PD · 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
$3.7M
RESTAURANT
Est. value
$7.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.0M
OFFICE BUILDING
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
1.44 ac
Current owner
From public records · entity-resolved
Enl Se Dst
Individual
Mailing address
4400 W 78TH ST STE #120, BLOOMINGTON, MN 55435-0002
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2021
$5,000,000
Enl Se Dst
Wgtb Holdings LLC
Special Warranty Deed
$15,100,000 · Greystone Servicing Company LLC
Oct 18, 2021
$7,142,000
Wgtb Holdings LLC
Cardinal Green Investments LLC
Special Warranty Deed
$5,000,000 · Archway Real Estate Income Fund I S
Sep 20, 2021
—
Walgreen Co
Cardinal Green Investments LLC
Lease
—
Sep 20, 2021
$500,000
Cardinal Green Investments LLC
White Management Services LLC
Special Warranty Deed
$4,267,144 · The Northern Trust Co
Dec 9, 2008
—
White Management Services LLC
Brown,helen
Quit Claim Deed
related
—
Nov 26, 2008
$1,115,000
White Management Services LLC
Cainas,mario
Grant Deed
—
Nov 8, 2002
—
Hillsborough County (fl)
M & M Hillsborough Ltd
Quit Claim Deed
related
—
—
—
White Management Services LLC
—
Loan Modification
related
$2,820,000 · Seaside Nat'l Bk&tr
—
—
White Management Services LLC
—
Deed Of Trust
related
$2,950,000 · Seaside National Bank & Trust
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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