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    Profitable Tire Plaza Investment Opportunity Title is generated by Realmo AI

    1040 S 50th St, Tampa, FL 33619

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    Income-generating commercial property with high traffic exposure near Port Tampa.

    Type:Business for Sale, Industrial, Mixed Use
    Lot size:
    1.45 Acres
    Added:
    Feb 20, 2026
    Days on Market:
    81
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 1040 S 50th St

    General Information

    Standard status
    Active
    Lot size
    1.45 Acres
    Property subtype
    Business for Sale, Industrial, Mixed Use

    We can help!

    Listing Contact
    Omar Alonso

    Listing agent Omar Alonso License #FL 3548200

    Listing office True North Florida Commercial Division of Vivienda Miami Real Estate Group

    Listing date Feb 20, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of True North Florida Commercial Division of Vivienda Miami Real Estate Group

    HighLights

    • High Net Operating Income (NOI) estimated at $1.5 million.
    • Verified annual revenues exceeding $5.48 million.
    • Strategically located near Port Tampa Bay with high traffic exposure (33,000 vehicles daily).
    • Two income‑producing commercial properties housing a successful tire and truck service business.
    • Zoned PD (Planned Development) on 1.45 acres.
    • Combined real estate value projected between $2.25M-$2.55M.

    Overview

    Located at 1040 S 50th Street, Tampa, FL, this commercial property presents an investment opportunity. The property consists of two income-producing buildings currently housing a tire and truck service business. Situated on 1.45 acres, the site is zoned PD (Planned Development) and benefits from high traffic exposure, with up to 33,000 vehicles passing daily. The property's location near Port Tampa Bay enhances its strategic value. Verified annual revenues exceed $5.48 million, with an estimated Net Operating Income (NOI) of $1.5 million. The combined real estate value is projected between $2.25M-$2.55M. The primary facility is valued at $280-$345 per square foot, while the auxiliary warehouse is valued at $160-$220 per square foot. This property is positioned within a thriving industrial corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    kalypso truck suspension ... Auto Repair Shop rambotires (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Giral Towing LLC — 5801 Hammon Dr, Tampa, FL 33619
    • South 50th Street Paint & Body — 1018 S 50th St, Tampa, FL 33619
    • Tampa Cars Sales — 1018 S 50th St, Tampa, FL 33619
    • Tampa Collision Center — 1018 S 50th St, Tampa, FL 33619
    • Giralt Towing — 5801 Hammon Dr, Tampa, FL 33619

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4014723
    Latitude
    27.937783

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    FAQs

    What type of property is this?
    Auto shop - Income-generating commercial property with high traffic exposure near Port Tampa.
    Where is this auto shop located?
    The property is located at 1040 S 50th St Tampa, FL.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: High Net Operating Income (NOI) estimated at $1.5 million.; Verified annual revenues exceeding $5.48 million.; Strategically located near Port Tampa Bay with high traffic exposure (33,000 vehicles daily).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Omar Alonso
    Real Estate License ID: FL 3548200
    Learn More
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    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
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