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

    6299 Waters Ave Tampa, FL 33634-1100

    • Drive through restaurants
    • 6,011 SF
    • 1.26 lot acres
    OFF-MARKET
    Value Estimations
    $500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2193318
    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

    • Chick-fil-A / Fast Food Restaurant / Breakfast Restaurant

    Property Details for 6299 Waters Ave

    Year built
    2014
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.26 lot acres
    Property size
    6,011 SF
    Zone code
    PD
    Property type
    Drive through restaurants
    APN
    U192818ZZZ000000913900
    APU
    U192818ZZZ000000913900

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $500,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5473
    Latitude
    28.0262
    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
    $35,007
    $686,988
    $1,423,281
    $2,110,269
    -
    $686,988
    $1,423,281
    $2,110,269

    Comparable in this City

    • Value Estimation
      $385,000
      3,577 SF

      7331 Waters Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,577 SF
      7331 Waters Ave, Tampa, FL 33634-2221
      View Details
    • Value Estimation
      $325,000
      1,382 SF

      8219 Hanley Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,382 SF
      8219 Hanley Rd, Tampa, FL 33634-2295
      View Details
    • Value Estimation
      $240,000
      4,208 SF

      7301 Baseball Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,208 SF
      7301 Baseball Ave, Tampa, FL 33634-3523
      View Details
    • Value Estimation
      $345,000
      2,826 SF

      7325 Waters Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,826 SF
      7325 Waters Ave, Tampa, FL 33634-2221
      View Details
    • Value Estimation
      $595,000
      4,963 SF

      5706 Waters Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,963 SF
      5706 Waters Ave, Tampa, FL 33634-1215
      View Details
    • Value Estimation
      $325,000
      2,073 SF

      9214 Anderson Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,073 SF
      9214 Anderson Rd, Tampa, FL 33634-1297
      View Details

    Similar Nearby for Sale

    • $250,000
      9,000 SF

      Established Tampa Café and Bakery

      Profitable café and bakery in high-traffic Tampa location.
      7026 W Hillsborough Ave, Tampa, FL 33634
      View Details
    • $120,000
      3,000 SF

      Established Tampa Café and Bakery

      Profitable café and bakery in high-traffic Tampa location.
      7026 W Hillsborough Ave, Tampa, FL 33634
      View Details
    • $150,000

      Established Auto Repair Business

      Turnkey auto repair business opportunity in a high-traffic Tampa location.
      6131 Anderson Rd, Tampa, FL 33634
      View Details
    • Contact for pricing

      Tampa Commercial Land Parcel

      Prime Tampa location, high-traffic retail area.
      6275 Waters Ave, Tampa, FL 33634
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      Land adjacent to Chick-fil-A in retail center.
      6275 W Waters Ave, Tampa, FL 33634
      View Details
    • $1,400,000
      4,928 SF

      Tampa Auto Repair Shop - $1.4M

      Prime Tampa location, 4,928 sq ft.
      5014 Clark Ave, Tampa, FL 33634
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      456 SF

      Tampa Industrial Park Location

      Industrial space for rent across from Tampa International Airport.
      5011 W Hillsborough Ave, Tampa, FL 33634
      View Details
    • $15 SF/Yr
      5,148 SF

      Tampa Flex/Industrial Space Available

      Flex/industrial space available for lease in Tampa, Florida.
      5402 Beaumont Center Blvd, Tampa, FL 33634
      View Details
    • $13 SF/Yr
      2,400 SF

      Tampa Warehouse Space Available

      2,400 SF warehouse space for lease in Tampa, Florida.
      6706 Benjamin Rd, Tampa, FL 33634
      View Details
    • $10 SF/Yr
      4,600 SF

      Flex/Office Building with Loading Doors

      Flex/office space with grade-level loading, convenient location.
      8405 Benjamin Rd, Tampa, FL 33634
      View Details
    • Contact for pricing
      2,500 SF

      Warehouse Space Near Tampa Airport

      Warehouse space with immediate highway access and mixed loading positions.
      5121-5139 W Rio Vista Ave, Tampa, FL 33634
      View Details
    • $28 SF/Yr
      15,331 SF

      Renovated Office Space Near Airport

      Office space with renovated amenities and convenient airport access.
      5110 Eisenhower Blvd, Tampa, FL 33634
      View Details

    Property Visit Statistics

    • Visits by month
      9.3k
    • Visitors by month
      6.1k
    • Avg Time on site
      15 min
    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.
    6299 Waters Ave
    Tampa, FL 33634-1100
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.