18001 Highwoods Preserve PkwyTampa, FL 33647

Property Details for 18001 Highwoods Preserve Pkwy

Year built

2001

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

19.19 AC

Property size (Sq ft)

123,894 SF

Zone code

PD-A

Property type

Super regional malls

APN

A1327191AS000000000A20

APU

A1327191AS000000000A20

Description

The Walk at Highwoods Preserve presents a compelling investment opportunity in a thriving Tampa Bay submarket. This 140,631 square foot open-air shopping center enjoys a prime location in northern Hillsborough County, conveniently situated near the intersection of I-75 and Bruce B. Downs Boulevard, serving as a gateway to the Highwoods Preserve community. Currently, the center boasts a strong tenant roster including established national retailers such as HomeGoods, Michaels, and Sportsman's Warehouse. A total of 6,689 square feet of retail space is currently available, presenting a unique chance to capitalize on the area's robust growth. Located approximately 20 minutes north of downtown Tampa, within the Lakeland/Lutz area, this property benefits from the significant economic expansion and population growth Tampa has seen in recent years. The center's strategic location and established tenant base make it an attractive prospect for investors seeking a stable and high-growth retail investment. The single-tenant vacancy provides an excellent opportunity for expansion or a new tenant to establish a presence in this dynamic retail environment. This property offers a blend of established success and future potential within a rapidly developing area. The available space presents a chance to contribute to the already thriving retail landscape of Highwoods Preserve.

• CAP approach

  CAP return

  Valuation

  6%

  $36,768,296

  6.5%

  $33,939,964

  7%

  $31,515,682

• Comparable approach

  Method

  Valuation

  Relative Method

  $57,019,440

  Geo Method

  $57,019,440

• Alternative Use

  Use

  Valuation

  Residential

  $28,629,630

  Hospitality

  $26,224,588

  Educational

  $21,818,548

  Medical

  $22,568,922

  Retail

  $33,939,964

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.1315

Longitude

-82.367

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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