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    777 N ASHLEY DRIVE Tampa, FL 33602

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    For Sale
    $125,000

    Business - TAMPA, FL

    Type:Business
    Property size:
    1,439 SF
    Added:
    Mar 25, 2026
    Days on Market:
    35
    Last Refresh:
    Apr 28 at 12:06 pm

    Property Features for 777 N ASHLEY DRIVE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Size
    1,439 SF

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Marc Henri Kijner, LLC

    Listing agent Marc Henri Kijner, LLC License #3235564

    Listing office COMPASS FLORIDA LLC 1575 Main Street, FL, FL

    Listing date Mar 25, 2026

    MLS# A4687528 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Tampa Cafe & Bakery

    This turnkey French cafe and bakery is located in a prime Downtown Tampa location at 777 N Ashley Dr. The street-level space is situated in SkyPoint Tower, across from Curtis Hixon Park, and steps from Riverwalk and Tampa University. The property features 1,439 square feet and benefits from strong foot traffic. It is fully built-out with established operations and ample parking is available in the building. This is a turnkey operation ready for a new cafe and bakery concept and is ideal for an E2 investor looking for a ready operation. The lease runs through 5/31/2030 with a 5-year option and is assignable for a qualified Buyer, subject to Landlord approval. Rent is approximately $4,197 per month plus CAM. The seller is relocating their Franchise to a new area in a different County, and the name of the Franchise will not transfer with the Asset Sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    John Gilliam Tampa Real Estate Agency OIA Bar And Grill Restaurant SkyPoint Condominiums Condominium Complex StehlikFoto Wedding Service Buki Agency Advertising Agency

    Suggested Use

    Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Food Market Real Estate Agency Daycare Center Grocery & Convenience Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Starbucks - Harbour Island, Tampa — 601 S Harbour Island Blvd, Tampa, FL 33602
    • That, LLC — 500 knights run ave, tampa, fl 33602
    • Coffee Store — 700 harbour post dr, tampa, fl 33602
    • Holiday Cafe — 601 S Harbour Island Blvd #106, Tampa, FL 33602
    • Tampa General Hospital Cafeteria — 2 Columbia Dr, Tampa, FL 33606

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.460339
    Latitude
    27.94986

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    FAQs

    What type of property is this?
    Coffee shop - Turnkey French cafe and bakery in prime downtown Tampa location.
    Where is this coffee shop located?
    The property is located at 777 N ASHLEY DRIVE Tampa, FL.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Prime Downtown Tampa location at 777 N Ashley Dr, with high foot traffic; Turnkey French café & bakery operation, ready for a new owner; Lease through 5/31/2030 + 5‑year option, assignable to a qualified buyer
    (646) 808-6476
    We can help!
    Listing Contact
    Marc Henri Kijner, LLC
    Real Estate License ID: 3235564
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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