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    2325 Fletcher Ave Tampa, FL 33612-9405
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    Property profile & analytics

    2325 Fletcher Ave, Tampa, FL 33612-9405

    View on Map
    • Grocery and convenience stores
    • 6,415 SF
    • 2.21 lot acres
    Off-Market
    Last Sale Dec 6, 2023
    $4,392,500
    Property ID
    US18-5258211
    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.
    Value Estimations
    $4,230,000
    Show details
    Cap Rate Potential
    2.1%
    Grocery and convenience stores
    Location Intelligence

    Current Use by Public Records

    • AmeriGas Propane Exchange / Propane Supplier
    • Wawa / Restaurant / Take-out & Catering
    • Amazon Locker - Cesare / Courier Service / Postal Service
    • PNC ATM / Atm

    Property Details for 2325 Fletcher Ave

    Year built
    2016
    Construction
    STEEL FRAME
    Lot size
    2.21 lot acres
    Zone code
    CG
    Property type
    Grocery and convenience stores
    APN
    U082819ZZZ000001297600
    APU
    U082819ZZZ000001297600

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 6, 2023 $4,392,500 Wawa 2325 E Fletcher Avenue LLC 2313 East Fletcher Avenue Owner I L Warranty Deed —
    May 6, 2016 $4,895,000 2313 East Fletcher Avenue Owner I L Bw Fletcher Livingston LLC Special Warranty Deed $29M · Stonegate Bank
    Dec 24, 2014 $1,450,000 Bw Fletcher Livingston LLC Mha 2317 LLC Grant Deed $2.5M · Stonegate Bk
    Mar 9, 2006 — Mha2317 LLC Robert E Valdez SR. Warranty Deed $185k · Banco Popular North America
    May 20, 2004 $163,000 Robert E Valdez Valdez,robert E Grant Deed · related $616k · Palm Bank
    Jul 1, 2003 $175,000 Robert E Valdez Mizrah,isaac Est Grant Deed $169k · United Bank & Trust Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,080,000
      ML approach
      $4,050,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,173,000
      Market price range: $777k - $5.17M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,095,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4313
    Latitude
    28.0688
    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
    $49,099
    $1,293,486
    $1,619,325
    $2,912,811
    -
    $1,293,486
    $1,619,325
    $2,912,811

    Comparable in this City

    • Value Estimation by Request
      2,880 SF

      1140 Fletcher Ave

      CONVENIENCE STORE
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    • Value Estimation
      $925,000
      6,308 SF

      2120 Fowler Ave

      CONVENIENCE STORE
      2120 Fowler Ave, Tampa, FL 33612-5506
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    • Value Estimation
      $4,285,000
      3,080 SF

      10906 Nebraska Ave

      CONVENIENCE STORE
      10906 Nebraska Ave, Tampa, FL 33612-5726
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    • Value Estimation
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      2,356 SF

      11829 Armenia Ave

      CONVENIENCE STORE
      11829 Armenia Ave, Tampa, FL 33612-5000
      View Details
    • Value Estimation
      $880,000
      4,633 SF

      753 Fowler Ave

      CONVENIENCE STORE
      753 Fowler Ave, Tampa, FL 33612-5334
      View Details
    • Value Estimation by Request
      3,050 SF

      2202 Fletcher Ave

      CONVENIENCE STORE
      2202 Fletcher Ave, Tampa, FL 33612-9402
      View Details

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      Prime corner location with existing buildings and development potential.
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      Tampa Food and Convenience Store

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      Commercial Land and Auto Shop

      Commercial land and auto shop for sale, prime redevelopment opportunity.
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      High-Exposure Commercial Building Near Busch Gardens

      Two-story commercial building with high visibility and strong income potential.
      3601 E Busch Blvd, Tampa, FL 33612
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      2,500 SF

      Turnkey Salon Suites Near USF

      Salon suite concept in Tampa's Uptown district near USF.
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    Similar Nearby for Lease

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      4,792 SF

      High-Exposure Commercial Building Near Busch Gardens

      Two-story commercial building with high visibility and flexible configuration.
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      Retail Space in Uptown Tampa

      Unanchored retail center with inline spaces available in Tampa.
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      Retail, Medical, or Office Space

      Retail, medical, or office spaces available near University of South Florida.
      2701-2711 University Square Dr, Tampa, FL 33612
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      Retail Space in Uptown Tampa

      Retail spaces available in a dynamic Tampa location.
      2540 E Fowler Ave, Tampa, FL 33612
      View Details
    • $21,084
      13,818 SF

      Retail Space on Fletcher Avenue

      Retail space available for lease on Fletcher Avenue in Tampa.
      1402 E Fletcher Ave, Tampa, FL 33612
      View Details
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    Tampa, FL 33612-9405
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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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