Former Gas Station Industrial
For Sale
$950,000
10045 US Hwy 41 S, Gibsonton, FL 33534
Former gas station industrial site with tanks removed and cleared environmental assessment, located on a prime corner.
Property Size4,732 SF
Price / SF$200.76
Days on Market201
Property Features for 10045 US Hwy 41 S
General Information
Standard status
Active
Size
4,732 SF
Class
B
Property subtype
Multi Tenant Office
Zoning
QSR Drive Thru
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
4,732 SF
Properties For Sale
at 10045 US Hwy 41 S Contact us- Size
- 2,240 SF
- Lease Type
- NNN
10045 US Hwy 41 S, Gibsonton, FL 33534
Listing Agency:
eXp Commercial | Florida
Listed By:
Kevin Flanagan · License #SL3556641
(813) 894-1516
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 25
Last Checked: Aug 14 at 8:05AM
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 eXp Commercial | Florida
Investment Insights
Based on property information with market context.
This former gas station industrial property includes an existing building footprint of 4,732 square feet. The property’s underground tanks were safely removed prior to 1993, and it has cleared an environmental assessment.
Located on the west side of US 41 at Gibsonton Drive at 10045 US Hwy 41 S in Gibsonton, Florida 33534, the site benefits from corner positioning at a high-traffic intersection. The adjacent property to the north (also available for purchase) is identified as 10037.
The offering is marketed as an opportunity for expanded development, with remarks indicating the ability to build at least two additional buildings with ample parking. Buyers and tenants should verify all development requirements and feasibility during due diligence.
Located on the west side of US 41 at Gibsonton Drive at 10045 US Hwy 41 S in Gibsonton, Florida 33534, the site benefits from corner positioning at a high-traffic intersection. The adjacent property to the north (also available for purchase) is identified as 10037.
The offering is marketed as an opportunity for expanded development, with remarks indicating the ability to build at least two additional buildings with ample parking. Buyers and tenants should verify all development requirements and feasibility during due diligence.
Key Highlights
- Former gas station industrial site with a 4,732 SF building footprint.
- Tanks were safely removed prior to 1993.
- Cleared an environmental assessment for the former tanks.
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
$78,479
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
8.26%
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%
$1,569,580
$1.6M
Cap Rate 7%
$1,121,129
$1.1M
Cap Rate 9%
$871,989
$872.0K
Market Conditions
NOI Build-Up for 4,732 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
$110.7K $23.40/SF
− Vacancy
−$6.1K −$1.29/SF
EGI
$104.6K $22.11/SF
− OpEx
−$26.2K −$5.53/SF
NOI
$78.5K $16.58/SF
Area
Brandon, FL
Vacancy
5.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,569,580
Cap Rate 7%
$1,121,129
Cap Rate 9%
$871,989
Alternative Uses
Best Use
Specialty Retail
$1.12M
$981.0K – $1.31M
NOI $78,479 @ 7.0% cap · market cap 8.26%
Second Best
Retail
$968.5K
$847.4K – $1.13M
NOI $67,794 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,607 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
7,145 visits/mo
0.4 miles
Demographics for 33534, FL
17,952
Population
6,219
Households
2.9
Avg Household Size
33
Median Age
19%
College-Educated
81%
High-School Grad
13.2 sq mi
ZIP Area
1,360
Density / Sq Mi
$73,600
Median Household Income
$43,091
Median Earnings
$1,364
Median Rent
$274,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Former gas station industrial site with tanks removed and cleared environmental assessment, located on a prime corner.
Where is this gas station located?
The property is located at 10045 US Hwy 41 S Gibsonton, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Former gas station industrial site with a 4,732 SF building footprint.; Tanks were safely removed prior to 1993.; Cleared an environmental assessment for the former tanks.
