Leased Automotive
New
For Sale
$5,333,000
10530 N Florida Ave, Tampa, FL 33612
The two-building asset is subject to a 10-year NN lease.
Property Size20,046 SF
Lot Size1.79 Acres
Price / SF$266.04
Days on Market2
Property Features for 10530 N Florida Ave
General Information
Standard status
Active
Size
20,046 SF
Lot size
1.79 Acres
Property subtype
Auto Dealership
Lease Type
NN
Site & Location
Neighborhood
East Forest Hills Neighborhood Association & Crimewatch
Tenancy & Operations
Tenant in Place
Yes
In-Place Lease Type
NN
Real Estate Included
Yes
Additional Details
Cap Rate
6.75%
Automotive Uses
dealership/vehicle sales
Amenities
Double Net NN. Tenant is responsible for taxes, insurance, repairs & maintenance. Landlord is responsible for the roof & structure only | 10-year term. Just under 10 Years remaining
Two buildings. 12,151 SF (built 1970) and 7,895 SF (built 1969), totaling 20,546 SF | Sizable site. ±1.79 acres across 10530, 10536 and 10546 N Florida Ave.
Zoning: Commercial Intensive.
Future land use. CC-35: 35 units per acre | 1.50 FAR.
Building Details
Building Size
20,046 SF
Buildings
2
Listing Agency:
Marcus & Millichap | The Patel Yozwiak Group
Listed By:
Bobby Gross · License #License(s): FL: SL3392746, MD: 641492
(813) 387-4776
Source:
Marcusmillichap
Added: Oct 24
Last Checked: Oct 24 at 2:38PM
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 Marcus & Millichap | The Patel Yozwiak Group
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Investment Insights
Based on property information with market context.
This automotive property comprises two buildings totaling approximately 17,632 SF on a 1.79-acre site. The asset is leased under a 10-year NN agreement, with a stated 6.75% cap rate.
Key Highlights
- Two buildings totaling ±17,632 SF
- ±1.79‑acre site
- 10‑year NN lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$238,688
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,773,760
$4.8M
Cap Rate 7%
$3,409,829
$3.4M
Cap Rate 9%
$2,652,089
$2.7M
Market Conditions
NOI Build-Up for 20,046 SF
Gross rent
$360.8K $18.00/SF
− Vacancy
−$19.8K −$0.99/SF
EGI
$341.0K $17.01/SF
− OpEx
−$102.3K −$5.10/SF
NOI
$238.7K $11.91/SF
Area
ZIP 33612
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,773,760
Cap Rate 7%
$3,409,829
Cap Rate 9%
$2,652,089
Alternative Uses
Best Use
Retail
$3.41M
$2.98M – $3.98M
NOI $238,688 @ 7.0% cap · market cap 4.48%
Second Best
Industrial
$2.61M
$2.29M – $3.05M
NOI $182,994 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$4.57M
$4.00M – $5.33M
NOI $319,645 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
14k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
3,961 visits/mo
0.5 miles
U-Haul Moving & Storage of North Tampa
Shops & Services
3,477 visits/mo
0.2 miles
AutoZone
Shops & Services
2,546 visits/mo
0.4 miles
Porsche Tampa
Shops & Services
1,768 visits/mo
0.5 miles
Enterprise Rent-A-Car
Shops & Services
1,355 visits/mo
0.5 miles
Demographics for 33612, FL
49,452
Population
21,228
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
4,995
Density / Sq Mi
$43,919
Median Household Income
$32,724
Median Earnings
$1,259
Median Rent
$249,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Tampa, FL
Similar Off Market Nearby
- U-Haul Moving & Storage at Florida Ave — 9505 N Florida Ave, Tampa, FL 33612
- U-Haul Neighborhood Dealer — 106 E Linebaugh Ave., Tampa, FL 33612
- Enterprise Rent-A-Car — 10010 N Florida Ave, Tampa, FL 33612
- U-Haul Moving & Storage of North Tampa — 10415 N Florida Ave, Tampa, FL 33612
- Trailer Rental at U-Haul — 10415 N Florida Ave, Tampa, FL 33612
Frequently Asked Questions
What type of property is this?
Automotive property - The two-building asset is subject to a 10-year NN lease.
Where is this automotive property located?
The property is located at 10530 N Florida Ave Tampa, FL.
What is the asking price?
The asking price for this property is $5,333,000.
What are key features of this property?
This property features: Two buildings totaling ±17,632 SF; ±1.79‑acre site; 10‑year NN lease
