Auto Repair and Storage
For Sale
$2,500,000
4402 North Nebraska Avenue, Tampa, FL 33603
Includes enclosed vehicle-service areas, related equipment, and a residential component with backyard storage.
Property Size6,996 SF
Price / SF$357.35
Days on Market1663
Property Features for 4402 North Nebraska Avenue
General Information
Standard status
Active
Size
6,996 SF
Property subtype
Land-Commercial/Business/Agricultural/Industrial / Income/Multi Family
Taxes and HOA fees
Annual Taxes
$3,171
Amenities
BackYard space with fruit tree and storage area
Listing Agency:
Florida Realty of Miami Corp
(305) 598-5488
Listed By:
Raquel Dominguez · License #3120557
(305) 598-5488
Source:
Compass
Added: Feb 10, 2022
Changed: Aug 31
Last Checked: Aug 31 at 12:53AM
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 Florida Realty of Miami Corp
Investment Insights
Based on property information with market context.
This commercial property combines an enclosed automotive work area with space for vehicle storage, tire-service workshop functions, and related equipment. The improvements also include a residential component with a backyard, fruit tree, and separate storage area.
The property is located at 4402 North Nebraska Avenue in Tampa, Florida 33603. The listing records a property size of 6996, with the existing configuration supporting both automotive service activity and storage uses.
The property is located at 4402 North Nebraska Avenue in Tampa, Florida 33603. The listing records a property size of 6996, with the existing configuration supporting both automotive service activity and storage uses.
Key Highlights
- Enclosed space configured for automobile repair and vehicle storage
- Tire‑service workshop areas with related equipment
- Residential component includes a backyard, fruit tree, and storage area
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
$103,175
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
4.13%
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%
$2,063,500
$2.1M
Cap Rate 7%
$1,473,929
$1.5M
Cap Rate 9%
$1,146,389
$1.1M
Market Conditions
NOI Build-Up for 6,996 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
$128.4K $18.36/SF
− Vacancy
−$7.1K −$1.01/SF
EGI
$121.4K $17.35/SF
− OpEx
−$18.2K −$2.60/SF
NOI
$103.2K $14.75/SF
Area
Tampa, FL
Vacancy
5.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
15.00%
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%
$2,063,500
Cap Rate 7%
$1,473,929
Cap Rate 9%
$1,146,389
Alternative Uses
Best Use
Warehouse
$1.47M
$1.29M – $1.72M
NOI $103,175 @ 7.0% cap · market cap 4.13%
Second Best
Industrial
$1.21M
$1.06M – $1.42M
NOI $84,967 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,091 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,028
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33603, FL
19,070
Population
9,592
Households
2
Avg Household Size
38
Median Age
39%
College-Educated
90%
High-School Grad
4.1 sq mi
ZIP Area
4,651
Density / Sq Mi
$64,632
Median Household Income
$43,136
Median Earnings
$1,320
Median Rent
$344,100
Median Home Value
Market
Vacancy Rate% for Industrial in Tampa, FL
Questions? Ask Rey
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Similar Off Market Nearby
- Mobile Mechanic Tampa — 213 W Emily St, Tampa, FL 33603
- Caliber Collision — 3319 N Florida Ave, Tampa, FL 33603
- Cobb Brothers — 3508 n florida ave, tampa, fl 33603
- Greene's Auto Services — 3301 N Florida Ave, Tampa, FL 33603
- Jim Batts Body Shop — 3207 N Florida Ave, Tampa, FL 33603
Frequently Asked Questions
What type of property is this?
Auto shop - Includes enclosed vehicle-service areas, related equipment, and a residential component with backyard storage.
Where is this auto shop located?
The property is located at 4402 North Nebraska Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Enclosed space configured for automobile repair and vehicle storage; Tire‑service workshop areas with related equipment; Residential component includes a backyard, fruit tree, and storage area
