Two-Building Auto Shop
For Sale
$1,600,000
6200 N NEBRASKA Avenue, Tampa, FL 33604
Commercial Sale, TAMPA, FL
Property Size4,006 SF
Lot Size0.56 Acres
Price / SF$399.40
Days on Market54
Property Features for 6200 N NEBRASKA Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
SH-CI
Subdivision
OAKWOOD
Directions
Head N on 275 to Sligh. Right on Sligh. Corner of Hanna and Sligh
Standard status
Active
APN
A-36-28-18-4F9-A00000-00001.1
Size
4,006 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
OAKWOOD LOTS 1 & LOT 2 BLOCK A LESS RD R/W
Tax Annual Amount
12822
Legal Description
OAKWOOD LOTS 1 & LOT 2 BLOCK A LESS RD R/W
Utilities
Cooling system
Wall/Window Unit(s), Central Air, Window Unit(s)
Building Details
Year built
1954
Floors in Building
1
Building materials
Block, Frame
Listing Agency:
BRAINARD REALTY
(813) 922-2891
Listed By:
Chris Zoller · License #3340134
(813) 997-1501
Added: Jul 9
Changed: Aug 20
Last Checked: Aug 31 at 12:06PM
MLS# TB8526181
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,006-square-foot automotive property on 0.56 acres includes two separate buildings constructed in 1954. The front building contains two operational automotive lifts and an apartment, while the rear building provides six service bays and dedicated office space. The property is currently used for auto repair, auto sales, and body shop operations.
Additional improvements include EPA certification, compliance with City of Tampa regulations, a privacy fence, and a working alley behind the property. Construction includes block and frame materials, with cooling provided by wall/window units, window units, and central air. The property is located at 6200 N NEBRASKA Avenue in Tampa, within the Seminole Heights area and near Downtown Tampa, Armature Works, Tampa International Airport, professional sports venues, major highways, beaches, restaurants, breweries, boutique retail, and residential development.
Additional improvements include EPA certification, compliance with City of Tampa regulations, a privacy fence, and a working alley behind the property. Construction includes block and frame materials, with cooling provided by wall/window units, window units, and central air. The property is located at 6200 N NEBRASKA Avenue in Tampa, within the Seminole Heights area and near Downtown Tampa, Armature Works, Tampa International Airport, professional sports venues, major highways, beaches, restaurants, breweries, boutique retail, and residential development.
Key Highlights
- 4,006‑square‑foot automotive property on 0.56 acres
- Two buildings with two operational automotive lifts and six service bays
- Front building includes an apartment; rear building has dedicated office space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,653
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$973,060
$973.1K
Cap Rate 7%
$695,043
$695.0K
Cap Rate 9%
$540,589
$540.6K
Market Conditions
NOI Build-Up for 4,006 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$73.6K $18.36/SF
− Vacancy
−$4.0K −$1.01/SF
EGI
$69.5K $17.35/SF
− OpEx
−$20.9K −$5.21/SF
NOI
$48.7K $12.15/SF
Area
Tampa, FL
Vacancy
5.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$973,060
Cap Rate 7%
$695,043
Cap Rate 9%
$540,589
Alternative Uses
Best Use
Industrial
$695.0K
$608.2K – $810.9K
NOI $48,653 @ 7.0% cap · market cap 3.04%
Second Best
Retail
$681.4K
$596.2K – $795.0K
NOI $47,699 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$933.3K
$816.6K – $1.09M
NOI $65,330 @ 7.0% cap · market cap 4.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Service bays
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,246
Businesses Nearby
62k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 75%
Shops & Services 25%
Publix
Groceries
46,953 visits/mo
0.2 miles
Shell
Shops & Services
6,936 visits/mo
0.5 miles
BP
Shops & Services
5,910 visits/mo
0.5 miles
Kwik Stop
Shops & Services
1,582 visits/mo
0.4 miles
PostNet
Shops & Services
1,096 visits/mo
0.4 miles
Demographics for 33604, FL
39,071
Population
17,053
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
5,209
Density / Sq Mi
$55,988
Median Household Income
$39,537
Median Earnings
$1,326
Median Rent
$264,900
Median Home Value
Market
Vacancy Rate% for Retail in Tampa, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Smokey Diesel Performance LLC — 5205 N Blvd Suite 4, Tampa, FL 33603
- Richard's Quality Automotive Services — 503 E Hillsborough Ave, Tampa, FL 33604
- Sammy's Garage — 815 E Hillsborough Ave, Tampa, FL 33604
- Anthony's Muffler Shop — 815 E Hillsborough Ave, Tampa, FL 33604
- BX Tire Shop — 815 E Hillsborough Ave, Tampa, FL 33604
Frequently Asked Questions
What type of property is this?
Auto shop - SH-CI-zoned property with automotive service improvements, office areas, an apartment, and alley access.
Where is this auto shop located?
The property is located at 6200 N NEBRASKA Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 4,006‑square‑foot automotive property on 0.56 acres; Two buildings with two operational automotive lifts and six service bays; Front building includes an apartment; rear building has dedicated office space
