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    Property profile & analytics

    13565 Cypress Glen Ln Tampa, FL 33637

    • Drive through restaurants
    • 3,368 SF
    • 1.06 lot acres
    For Lease
    View listing
    Last Sale
    Dec 31, 2020
    $2,380,000
    Value Estimations
    $2,485,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3564160
    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

    • Drive through restaurants

    Property Details for 13565 Cypress Glen Ln

    Year built
    1999
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.06 lot acres
    Property size
    3,368 SF
    Zone code
    PD-A
    Property type
    Drive through restaurants
    APN
    A0128191EP000000000020
    APU
    A0128191EP000000000020

    Description

    This exceptional 3,440 square foot restaurant space is available for lease in Tampa, Florida. Located at 13565 Cypress Glen Ln, in Hillsborough County, this single-tenant property offers a fantastic opportunity for a new or expanding restaurant business. The building boasts ample space for dining, kitchen operations, and storage, perfectly suited for a variety of culinary concepts. With a total of 42 parking spaces, customer convenience is ensured. The property's address is 13565 Cypress Glen Ln, Tampa, FL 33637. Its convenient location within Hillsborough County provides easy access to major roadways and a thriving customer base. The property type is classified as a former restaurant space, offering a ready-made layout and infrastructure for a quick and efficient setup. This is a single-tenant property, providing exclusive use and control of the entire space. The building's size is ideal for a variety of restaurant concepts, from casual dining to upscale establishments. The abundant parking ensures a comfortable experience for patrons. This is a lease opportunity, allowing for flexible terms and financial arrangements. The property is situated at latitude 28.0697934 and longitude -82.3619376. This prime location and substantial space make this an attractive proposition for any restaurant operator seeking a successful venture in the Tampa market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,010,000
      ML approach
      $3,015,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,643,000
      Market price range: $758k - $2.45M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3619
    Latitude
    28.0698
    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
    $17,427
    $484,823
    $439,472
    $924,295
    -
    $484,823
    $439,472
    $924,295

    Comparable in this City

    • Value Estimation by Request
      2,748 SF

      7141 Fletcher Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,748 SF
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      View Details
    • Value Estimation by Request
      2,280 SF

      13510 Cypress Gln Ln

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,280 SF
      13510 Cypress Gln Ln, Tampa, FL 33637-1036
      View Details
    • Value Estimation by Request
      14,000 SF

      7823 Temple Terrace Hwy

      Restaurants • 14,000 SF
      7823 Temple Terrace Hwy, Tampa, FL 33637
      View Details
    • Value Estimation
      $545,000
      7,084 SF

      11710 Morris Brg Rd

      RESTAURANT • 7,084 SF
      11710 Morris Brg Rd, Temple Terrace, FL 33637-1922
      View Details
    • Value Estimation
      $575,000
      5,951 SF

      12272 Morris Brg Rd

      RESTAURANT • 5,951 SF
      12272 Morris Brg Rd, Temple Terrace, FL 33637-1024
      View Details
    • Value Estimation by Request

      Tampa Fl Over 1.2 Million In Sales

      Restaurants
      0 Tampa Fl Over 1.2 Million In Sales, Tampa, FL 33637
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      3,440 SF

      Former QSR with Drive-Thru

      Freestanding restaurant building with drive-thru and ample parking.
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      View Details
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    Tampa, FL 33637
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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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