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    3600 Waters Ave Tampa, FL 33614-2718

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    3600 Waters Ave Tampa, FL 33614-2718


    • Grocery and convenience stores
    • 5,699 SF
    • 2.19 lot acres
    Off-Market
    Last Sale Jan 5, 2021
    Property ID
    US18-6359764
    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
    $775,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Circle K / Grocery & Convenience Store

    Property Details for 3600 Waters Ave

    Year built
    2022
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.19 lot acres
    Property size
    5,699 SF
    Zone code
    CI
    Property type
    Grocery and convenience stores
    APN
    U282818D0R000000000010
    APU
    U282818D0R000000000010

    Description

    This exceptional investment opportunity presents a brand-new, 5,476 square foot Circle K gas station situated on a 2.19-acre lot in Tampa, Florida. Built in 2022, this property boasts a 13-year remaining lease term (expiring 11/30/2037) with a credit-rated tenant under an absolute NNN lease. The lease includes 5% rent bumps every five years and six 5-year renewal options, ensuring long-term stability and appreciation. Located at a high-traffic, signalized intersection averaging 65,000 vehicles per day, this property benefits from its proximity to Interstate 275 (4 miles, 188,000 VPD). The property's exceptional location is further validated by a top Placer.ai ranking (77th percentile), indicating high performance. The asking price is $2,850,000, representing a 5.00% cap rate and a current NOI of $142,500. This prime Tampa location, ranked #1 in Florida by Forbes, offers significant growth potential within a thriving market. The property's address is 3600 W Waters Ave, Tampa, FL 33614, APN U-28-28-18-D0R-000000-00001.0. This is a rare opportunity to acquire a high-performing asset in a rapidly growing market.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $495,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $1,055,000
      6.5%
      $975,000
      7%
      $905,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $854,000
      Market price range: $494k - $855k
    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,265,000
      OFFICE BUILDING
      $1,235,000

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


    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5014
    Latitude
    28.0247
    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
    $48,132
    $1,095,670
    $1,672,105
    $2,767,775
    -
    $1,095,670
    $1,672,105
    $2,767,775
    More about this property
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