Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6718 Rome Ave Tampa, FL 33604
    Back to Search
    Property profile & analytics

    6718 Rome Ave, Tampa, FL 33604

    View on Map
    • Commercial real estate
    • 1.26 lot acres
    Off-Market
    Property ID
    US19-0113695
    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

    • Commercial real estate

    Property Details for 6718 Rome Ave

    Lot size
    1.26 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.26-acre parcel in Tampa, Florida, presents a remarkable opportunity for multi-family development. Located at 6718 N Rome Ave, in Hillsborough County, zip code 33604 (28.008631, -82.476623), this property is zoned RS-5O by the City of Tampa, permitting the construction of up to sixteen townhomes. Preliminary plans envision each townhome encompassing approximately 1,600 square feet, featuring three bedrooms, two and a half bathrooms, and a two-car garage. The site boasts convenient access to city water and sewer services, streamlining the development process and minimizing infrastructure costs. The asking price for this land is $1,600,000. This represents a significant opportunity to capitalize on Tampa's thriving real estate market and create a valuable multi-family residential community. The property's ideal location and zoning make it an attractive investment for developers seeking a high-return project. This is a rare chance to acquire a substantial land parcel in a desirable area, ready for immediate development. Don't miss this chance to build your vision in a rapidly growing city.

    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
    -82.476623
    Latitude
    28.008631

    Comparable in this City

    • $995,000
      3,309 SF

      Tampa Multi-Family Income Property

      Fully occupied 10-unit property with immediate rental income.
      8413 N Hamner Ave, Tampa, FL 33604
      View Details
    • $289,900
      1,624 SF

      Tampa Duplex: Immediate Cash Flow

      Well-maintained duplex in Tampa with fully rented units.
      8405 N Alaska St, Tampa, FL 33604
      View Details
    • $1,850,000

      Waterfront Rental Units Opportunity

      Waterfront rental units in Tampa with redevelopment potential.
      708-714 E Hollywood St, Tampa, FL 33604
      View Details
    • Contact for pricing
      Pending

      Mixed-Use Investment Opportunity

      East Seminole Heights property with multiple income streams.
      5609 N Nebraska Ave, Tampa, FL 33604
      View Details
    • $294,000
      Pending

      Tampa Duplex with Income Potential

      Duplex in Tampa, each unit with 2 bedrooms, rented.
      8421 N 16Th St, Tampa, FL 33604
      View Details

    Similar Nearby for Sale

    • $995,000
      3,309 SF

      Tampa Multi-Family Income Property

      Fully occupied 10-unit property with immediate rental income.
      8413 N Hamner Ave, Tampa, FL 33604
      View Details
    • $289,900
      1,624 SF

      Tampa Duplex: Immediate Cash Flow

      Well-maintained duplex in Tampa with fully rented units.
      8405 N Alaska St, Tampa, FL 33604
      View Details
    • $1,850,000

      Waterfront Rental Units Opportunity

      Waterfront rental units in Tampa with redevelopment potential.
      708-714 E Hollywood St, Tampa, FL 33604
      View Details
    • Contact for pricing
      Pending

      Mixed-Use Investment Opportunity

      East Seminole Heights property with multiple income streams.
      5609 N Nebraska Ave, Tampa, FL 33604
      View Details
    • $294,000
      Pending

      Tampa Duplex with Income Potential

      Duplex in Tampa, each unit with 2 bedrooms, rented.
      8421 N 16Th St, Tampa, FL 33604
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land with High Visibility

      Land with immediate I-275 access in dense residential area.
      8201 N Florida Ave, Tampa, FL 33604
      View Details
    • $4,000 /Mo
      5,129 SF

      Charming Bungalow Office Conversion

      1922 bungalow converted to professional office space for rent.
      5409 N Florida 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
    • $12 SF/Yr

      Remodeled Office Space For Rent

      Move-in ready office space in prime Tampa location.
      7901 N Nebraska Ave, Tampa, FL 33604
      View Details
    • 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
    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.
    6718 Rome Ave
    Tampa, FL 33604
    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
    6718 Rome 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!