12807 Hillsborough AveTampa, FL 33635

Property Details for 12807 Hillsborough Ave

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.68 AC

Property size (Sq ft)

16,745 SF

Zone code

CG

Property type

Strip malls

Property subtype

Neighborhood centers

APN

U19281706K000000001070

APU

U19281706K000000001070

Description

This exceptional investment opportunity presents a fully leased, 15,033 square foot retail plaza situated at 12807 W Hillsborough Ave, Tampa, FL 33635. The property, built in 1985, consists of a single, one-story building on a 1.68-acre lot, zoned CG. Currently boasting 100% occupancy across eight units, the plaza generates a substantial net operating income (NOI) of $163,239, with a projected NOI of $215,048. The asking price is $3,250,000, representing a current cap rate of 5.02% and a pro-forma cap rate of 6.62%. The property features a mix of restaurant, shopping center, and storefront tenants, primarily under NNN leases with a remaining term of four years. This stabilized investment benefits from a prime location in a high-growth corridor of Tampa, characterized by strong demographics, high household incomes, and exceptional daily traffic counts. The property's excellent visibility and minimal operational expenses make it a highly desirable, turnkey investment. The Hillsborough County APN is 004242-0500. This is a rare opportunity to acquire a high-performing retail asset in a thriving Tampa market.

• CAP approach

  CAP return

  Valuation

  6%

  $4,540,412

  6.5%

  $4,191,150

  7%

  $3,891,782

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,706,511

  Geo Method

  $7,706,511

• Alternative Use

  Use

  Valuation

  Residential

  $3,535,392

  Hospitality

  $3,238,400

  Educational

  $2,694,311

  Medical

  $2,786,972

  Retail

  $4,191,150

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.0297

Longitude

-82.6377

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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