Auto Shop with Road
For Sale
$1,590,000
3694 Tampa Rd, Oldsmar, FL 34677
1987-built property with signage and stated auto-service or retail use potential.
Property Size5,551 SF
Days on Market66
Property Features for 3694 Tampa Rd
General Information
Standard status
Active
Size
5,551 SF
Property subtype
Retail
Site & Location
Traffic Count
49,500 vehicles/day
Road Access
Yes
Amenities
Large Signage
Building Details
Building Size
5,551 SF
Year Built
1987
Listing Agency:
Equity Investment Services
(954) 579-2672
Listed By:
Nick Barbato
(954) 579-2672
Source:
Equityinvestmentservices
Added: Jun 25
Changed: Aug 29
Last Checked: Aug 29 at 2:45PM
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 Equity Investment Services
Investment Insights
Based on property information with market context.
This 1987-built auto shop is positioned along Tampa Road in Oldsmar, with prominent signage facing the roadway. The property is offered for uses including auto repair, oil change service, traditional retail, and other related commercial applications.
Tampa Road records more than 49,500 cars per day, providing substantial daily exposure. Nearby traffic generators include Walmart Supercenter, Aldi, Bealls, Marshals, and Five Below. The property address is 3694 Tampa Rd, Oldsmar, FL 34677.
Tampa Road records more than 49,500 cars per day, providing substantial daily exposure. Nearby traffic generators include Walmart Supercenter, Aldi, Bealls, Marshals, and Five Below. The property address is 3694 Tampa Rd, Oldsmar, FL 34677.
Key Highlights
- 1987‑built auto shop at 3694 Tampa Rd, Oldsmar, FL 34677
- Signage fronts Tampa Road
- Tampa Road sees over 49,500 cars per day
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
$54,497
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
3.43%
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%
$1,089,940
$1.1M
Cap Rate 7%
$778,529
$778.5K
Cap Rate 9%
$605,522
$605.5K
Market Conditions
NOI Build-Up for 5,551 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
$83.3K $15.00/SF
− Vacancy
−$5.4K −$0.98/SF
EGI
$77.9K $14.03/SF
− OpEx
−$23.4K −$4.21/SF
NOI
$54.5K $9.82/SF
Area
Pinellas County, FL
Vacancy
6.50%
Lease Rate
$15.00 /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%
$1,089,940
Cap Rate 7%
$778,529
Cap Rate 9%
$605,522
Alternative Uses
Best Use
Retail
$778.5K
$681.2K – $908.3K
NOI $54,497 @ 7.0% cap · market cap 3.43%
Second Best
Industrial
$581.6K
$508.9K – $678.5K
NOI $40,710 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $101,070 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
49,500 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
59k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 85%
Shops & Services 13%
Electronics 2%
Chick-fil-A
Dining
39,934 visits/mo
0.1 miles
Village Inn
Dining
7,917 visits/mo
0.2 miles
AutoZone
Shops & Services
3,017 visits/mo
0.1 miles
Amscot
Shops & Services
2,908 visits/mo
0.1 miles
Hungry Howie's Pizza
Dining
1,784 visits/mo
0.1 miles
Demographics for 34677, FL
22,524
Population
10,056
Households
2.2
Avg Household Size
46
Median Age
41%
College-Educated
95%
High-School Grad
12.7 sq mi
ZIP Area
1,774
Density / Sq Mi
$85,389
Median Household Income
$46,404
Median Earnings
$1,484
Median Rent
$352,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Silver Star Service Center L.L.C. — 3691 FL-580 W Ste B, Oldsmar, FL 34677
- Discount Signs and Wraps — 3691 State Rd 580 Unit K, Oldsmar, FL 34677
- 4XPro — 306 Mears Blvd, Oldsmar, FL 34677
- Duncan Automotive — 301 marlborough st, oldsmar, fl 34677
- Duncan Automotive Center Inc — 301 Marlborough St, Oldsmar, FL 34677
Frequently Asked Questions
What type of property is this?
Auto shop - 1987-built property with signage and stated auto-service or retail use potential.
Where is this auto shop located?
The property is located at 3694 Tampa Rd Oldsmar, FL.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: 1987‑built auto shop at 3694 Tampa Rd, Oldsmar, FL 34677; Signage fronts Tampa Road; Tampa Road sees over 49,500 cars per day
