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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Turn key restaurants
5602 Waters Ave Tampa, FL 33634-1213
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US19-0851468
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1999
Construction
WOOD
Total area
6,410 SF
Lot
1.47 ac (64,087 SF)
Zoning code
M
APN
U302818ZZZ000000987300
UPID
US19-0851468
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
MISSION BBQ Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$906k
Blend (final)
Blend
$715k
Owner & transaction history
Tampa Perk · 20 yrs held
Tampa Perk
since 2005
3 recorded transactions
Zoning & alternative use
M · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tampa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tampa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$715k
Range $644k – $787k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$112 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$35,254
Tax year 2023
Assessed value
$2,098,552
Assessed 2023
Previous assessed
$1,776,175
+18.2% YoY
Effective rate
1.68%
On assessed value
Assessed land
$1,083,070
Assessed improvement
$1,015,482
Land market value
$1,083,070
Improvement market value
$1,015,482
Total market value
$2,098,552
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
5
Bathrooms
7
Total area
6,410 SF
Lot
1.47 ac (64,087 SF)
Zoning code
M
APN
U302818ZZZ000000987300
UPID
US19-0851468
Jurisdiction
HILLSBOROUGH
Zoning & alternative use
M · Tampa, FL
Zoning M · permitted uses
M · Tampa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tampa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
5
Bathrooms
7
Lot
1.47 ac
Current owner
From public records · entity-resolved
Tampa Perk
Individual
Mailing address
200 S BISCAYNE BLVD FL #6, MIAMI, FL 33131-5351
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2005
$2,204,200
Tampa Perk
Cnl Net Lease Funding 2003 LLC
Grant Deed
$3,000,000 · Artesia Mortgage Capital Corp
Jul 13, 2005
$1,710,000
Cnl Net Lease Funding 2003 LLC
The Restaurant Co
Special Warranty Deed
—
—
—
Perk Tampa LP
—
Loan Modification
related
$10,000,000 · Db Private Wealth Mtg
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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