Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6505 Florida Ave Tampa, FL 33604-6009
    Back to Search
    Property profile & analytics

    6505 Florida Ave, Tampa, FL 33604-6009

    View on Map
    • Grocery and convenience stores
    • 756 SF
    • 0.36 lot acres
    Off-Market
    Property ID
    US18-4377332
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Florida Drive In Grocery / Grocery & Convenience Store

    Property Details for 6505 Florida Ave

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.36 lot acres
    Zone code
    SH-CI
    Property type
    Grocery and convenience stores
    APN
    A3628184EY000035000020
    APU
    A3628184EY000035000020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    — — Ghabbour R Ghabbour — Deed Of Trust · related $70k · Key Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4592
    Latitude
    28.0073
    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
    $3,980
    $220,500
    $0.00
    $220,500
    -
    $220,500
    $0.00
    $220,500

    Comparable in this City

    • Value Estimation by Request
      2,002 SF

      6901 Nebraska Ave

      CONVENIENCE STORE
      6901 Nebraska Ave, Tampa, FL 33604-4932
      View Details
    • Value Estimation
      $560,000
      4,249 SF

      1701 Sligh Ave

      CONVENIENCE STORE
      1701 Sligh Ave, Tampa, FL 33604-5809
      View Details
    • Value Estimation by Request
      2,732 SF

      2320 Waters Ave

      CONVENIENCE STORE
      2320 Waters Ave, Tampa, FL 33604-2752
      View Details
    • Value Estimation
      $4,800,000
      32,063 SF

      6001 Nebraska Ave

      GROCERY, SUPERMARKET
      6001 Nebraska Ave, Tampa, FL 33604-6855
      View Details
    • Value Estimation
      $810,000
      5,242 SF

      8202 Armenia Ave

      GROCERY, SUPERMARKET
      8202 Armenia Ave, Tampa, FL 33604-2769
      View Details
    • Value Estimation
      $625,000
      4,392 SF

      1302 Waters Ave

      CONVENIENCE STORE
      1302 Waters Ave, Tampa, FL 33604-3320
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,637 SF

      Versatile Commercial Property in Tampa

      High-traffic location with diverse income streams and redevelopment potential.
      7522 N Armenia Ave, Tampa, FL 33604
      View Details
    • Contact for pricing
      1,928 SF

      Remodeled Commercial Property Ready

      Turnkey commercial property with modern updates and flexible zoning.
      7311 N Armenia Ave, Tampa, FL 33604
      View Details
    • Contact for pricing
      539 SF

      Retail Strip Center Investment

      Fully leased retail strip center on busy Florida Avenue.
      8608 N Suwanee Ave, Tampa, FL 33604
      View Details
    • $630,000

      Commercial Building on Armenia Avenue

      Freestanding, fully leased commercial building in thriving Egypt Lake-Leto.
      6708 North Armenia Ave, Tampa, FL 33604
      View Details
    • $1,550,000
      Pending

      Tampa Mixed-Use Commercial Building

      7,324 SF commercial building with three units and detached garage.
      8202 N Armenia Ave, Tampa, FL 33604
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,702 SF

      Restaurant-Ready Space in Seminole Heights

      Exceptional commercial leasing opportunity in Tampa's vibrant Seminole Heights neighborhood.
      6006 N Florida Ave, Tampa, FL 33604
      View Details
    • Contact for pricing
      1,146 SF

      Modern Retail/Office Space Available

      Light-filled 1,146 SF retail or office space for lease.
      6301-6307 N Nebraska Ave, Tampa, FL 33604
      View Details
    • Contact for pricing
      960 SF

      Retail Space For Rent

      960 square feet retail space available for lease.
      8502 N Armenia Ave, Tampa, FL 33604
      View Details
    • $121,815
      Pending

      Industrial/Retail Space on Armenia Avenue

      Versatile commercial space with showroom and warehouse, excellent location.
      7941 N Armenia Ave, Tampa, FL 33604
      View Details
    • Contact for pricing
      2,007 SF

      Retail Space Near I-275

      Retail space with high visibility and access to I-275.
      8219-8247 N Florida Ave, Tampa, FL 33604
      View Details
    • $21,600

      Tampa Office/Retail Space For Lease

      Modern 900 SF office/retail space in central Tampa.
      1412 W Waters Ave, Tampa, FL 33604
      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.
    6505 Florida Ave
    Tampa, FL 33604-6009
    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

    Thank You for Inquiry
    6505 Florida Ave, Tampa, FL, 33604
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!