Freestanding Auto Repair
1942 E HILLSBOROUGH AVENUE Tampa, FL 33610
1942 E HILLSBOROUGH AVENUE, Tampa, FL, 33610
$980,000
For Sale
$980,000
Two-story freestanding corner building with office/showroom central air plus core automotive equipment on-site.
Property Size5,080 SF
Price / SF$192.91
Days on Market12
Property Features for 1942 E HILLSBOROUGH AVENUE
General Information
- Standard status
- Active
- Size
- 5,080 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1948
Listing agency
TOP SALES REAL ESTATE LLC
(727) 398-7771
Listed by
Hien Truong · License #3394760
Source
Miharaandassociates
Added: Jul 10 Updated: Jul 21 at 12:43AM Checked: Jul 21 at 3:29AM
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 TOP SALES REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This freestanding commercial building is currently operated as a family-owned auto repair shop and has been in business for 15+ years. The property includes a two-floor layout and additional aluminum storage at the rear, with central air serving an office/showroom area. Automotive support equipment is included on-site, such as one car lift, one tire changer machine, one 120-gallon air compressor, and two pallet jacks.
The building is located on a corner along E. Hillsborough Ave at the intersection with 20th Street, in a very high traffic area. It is next to Ewin Technical School.
From an operational standpoint, the combination of an office/showroom and dedicated service equipment supports an automotive service use within a compact, purpose-built footprint.
The building is located on a corner along E. Hillsborough Ave at the intersection with 20th Street, in a very high traffic area. It is next to Ewin Technical School.
From an operational standpoint, the combination of an office/showroom and dedicated service equipment supports an automotive service use within a compact, purpose-built footprint.
Key Highlights
- Freestanding two‑story corner commercial building on E. Hillsborough Ave & 20th Street
- Family‑owned auto repair shop operating 15+ years in a very high traffic area on Hillsborough Ave
- Two‑floor building with additional aluminum storage in the back
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.4k | $18.00 |
| − Vacancy | −$7.8k | −$1.53 |
| EGI | $83.7k | $16.47 |
| − OpEx | −$25.1k | −$4.94 |
| NOI | $58.6k | $11.53 |
5,080 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$836.7K
$732.1K – $976.1K
NOI $58,567 @ 7.0% cap · market cap 5.98%
Second Best
Industrial
$466.6K
$408.3K – $544.4K
NOI $32,663 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,016 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Joy Tire & Auto ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- G & M Transmissions — 1344 e osborne ave, tampa, fl 33603
- Calvins Auto Repair — 3005 E Curtis St, Tampa, FL 33610
- Tampa Mobile RV Repair — 5001 N Nebraska Ave, Tampa, FL 33603
- TAMPAGLASSMAN — 3001 E Osborne Ave, Tampa, FL 33610
- Fergie's Body Shop — 4615 N 34th St, Tampa, FL 33610
FAQs
What type of property is this?
Auto shop - Two-story freestanding corner building with office/showroom central air plus core automotive equipment on-site.
Where is this auto shop located?
The property is located at 1942 E HILLSBOROUGH AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Freestanding two‑story corner commercial building on E. Hillsborough Ave & 20th Street; Family‑owned auto repair shop operating 15+ years in a very high traffic area on Hillsborough Ave; Two‑floor building with additional aluminum storage in the back
