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Property profile & analytics

5401 Waters Ave Tampa, FL 33634-1219

  • Banks
  • 7,569 SF
  • 1.06 lot acres
OFF-MARKET
Last Sale
Aug 25, 2021
$1,400,000
Value Estimations
$1,585,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US18-3394176
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Hotel / Hotel
  • Musonium Gallery / Art Gallery

Property Details for 5401 Waters Ave

Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.06 lot acres
Property size
7,569 SF
Zone code
M
Property type
Banks
APN
U192818ZZZ000000915800
APU
U192818ZZZ000000915800

Description

This 5,140-square-foot building, situated on a 1.04-acre corner lot in Tampa, Florida, presents a compelling redevelopment opportunity. Formerly a bank, the property has undergone significant renovations, resulting in a flexible, open floor plan adaptable to various commercial uses. Its location on W. Waters Avenue, a major east-west thoroughfare boasting 45,000 average daily traffic (ADT), ensures exceptional visibility and high traffic exposure. The elevated corner lot provides unobstructed views and allows for prominent pylon signage. The property benefits from its proximity to numerous amenities, including hotels, an AMC cinema, restaurants, a shopping mall, and retail shops, all within a half-mile radius. Convenient access to major roadways such as the Veterans Expressway, I-275, I-4, and Dale Mabry Highway, as well as its location within a 10-minute drive (two exits) of Tampa International Airport, further enhances its appeal. The surrounding area boasts a strong daytime population, with over 139,100 employees within a 5-mile radius. This property is zoned Commercial - M and is located in the North Airport Redevelopment Area, where multiple grants may be available. The asking price is $2,495,000. This is an exceptional opportunity for investors seeking a high-visibility, high-traffic location with significant redevelopment potential.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,535,000
    ML approach
    $1,680,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $2,274,000
    Market price range: $1.71M - $6.03M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Tampa
County
Hillsborough
State
Florida
Longitude
-82.5339
Latitude
28.0261
CBSA code
45300
CBSA name
TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$21,073
$690,000
$486,200
$1,176,200
-
$690,000
$486,200
$1,176,200
More about this property
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