Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    17641 Bruce B Downs Blvd Tampa, FL 33647-3212

    • Turn key restaurants
    • 8,185 SF
    • 2.02 lot acres
    OFF-MARKET
    Last Sale
    Jul 06, 2021
    $2,000,000
    Value Estimations
    $2,140,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0557075
    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

    • Kobé Japanese Steakhouse - New Tampa / Japanese Steakhouse / Asian Restaurant
    • McCarthy Electric Repair / Electrical Repair Shop
    • Nifty Attic Insulation Solutions / Insulation Contractor
    • Flower Delivery Tampa FL / Florist
    • Kobe Japanese Steak House / Japanese Steakhouse / Asian Restaurant

    Property Details for 17641 Bruce B Downs Blvd

    Year built
    2001
    Construction
    WOOD
    Lot size
    2.02 lot acres
    Property size
    8,185 SF
    Zone code
    PD-A
    Property type
    Turn key restaurants
    APN
    A1327191AP000000000131
    APU
    A1327191AP000000000131

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,195,000
      ML approach
      $2,370,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3639
    Latitude
    28.1312
    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
    $43,063
    $1,869,809
    $428,355
    $2,298,164
    -
    $1,869,809
    $428,355
    $2,298,164

    Comparable in this City

    • Value Estimation
      $700,000
      8,124 SF

      17011 Palm Pointe Dr

      RESTAURANT • 8,124 SF
      17011 Palm Pointe Dr, Tampa, FL 33647-3505
      View Details
    • Value Estimation
      $3,070,000
      8,616 SF

      17508 Dona Michelle Dr

      RESTAURANT • 8,616 SF
      17508 Dona Michelle Dr, Tampa, FL 33647-3258
      View Details
    • Value Estimation
      $700,000
      7,194 SF

      17050 Palm Pointe Dr

      RESTAURANT • 7,194 SF
      17050 Palm Pointe Dr, Tampa, FL 33647-3504
      View Details
    • Value Estimation
      $4,255,000
      8,256 SF

      17021 Palm Pointe Dr

      RESTAURANT • 8,256 SF
      17021 Palm Pointe Dr, Tampa, FL 33647-3505
      View Details
    • Value Estimation
      $1,870,000
      5,864 SF

      17643 Bruce B Downs Blvd

      RESTAURANT • 5,864 SF
      17643 Bruce B Downs Blvd, Tampa, FL 33647-3212
      View Details
    • Value Estimation
      $600,000
      4,062 SF

      5101 Pointe Of Tampa Way

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,062 SF
      5101 Pointe Of Tampa Way, Tampa, FL 33647-3506
      View Details

    Similar Nearby for Sale

    • $3,782,433
      6,969 SF

      Stonewood Grill NNN Sale Leaseback

      NNN sale leaseback opportunity with a new 10-year lease.
      17050 Palm Pointe Dr, Tampa, FL 33647
      View Details
    • Contact for pricing
      3,762 SF

      Former Bank Branch with Drive-Thru

      3,762 SF former bank branch with drive-thru lanes.
      15302 Amberly Dr, Tampa, FL 33647
      View Details
    • $700,000
      0.65 Acres

      Lakefront Lot in Cory Lake

      0.65 acre lot with 200+ feet of lake frontage.
      17903 Bimini Isle Ct, Tampa, FL 33647
      View Details
    • $1,250,000

      Land for Sale in Tampa

      Land available for sale in Tampa, Florida.
      10831 Cross Creek Blvd, Tampa, FL 33647
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,001 SF

      Prime Hillsborough Manufacturing Space

      30,001 SF Manufacturing Facility - Lease
      6222 Commerce Palms Dr, Tampa, FL 33647
      View Details
    • Contact for pricing
      1,360 SF

      Retail Space Near USF

      Retail space available near Bruce B. Downs Blvd and Amberly Drive.
      15305-15367 Amberly Dr, Tampa, FL 33647
      View Details
    • Contact for pricing
      21,597 SF

      Regional Shopping Center Space Available

      Premier shopping center with high traffic and abundant parking.
      6210-6290 Commerce Palms Dr, Tampa, FL 33647
      View Details
    • Contact for pricing
      1,887 SF

      Retail Space in Tampa Suburb

      Retail space in a shopping center near I-75.
      18001 Highwoods Preserve Pkwy, Tampa, FL 33647
      View Details
    • $12 SF/Yr
      7,200 SF

      Retail Space in Tampa Palms

      Retail space available in a Publix-anchored shopping center.
      16011-16067 Tampa Palms Blvd W, Tampa, FL 33647
      View Details
    • $17 SF/Yr
      1,800 SF

      Upscale Office Space Available

      1,800 sqft of upscale office space for rent.
      8305 Technology Dr, Tampa, FL 33647
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    17641 Bruce B Downs Blvd
    Tampa, FL 33647-3212
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.