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    Industrial Outdoor Storage with Billboard Income Title is generated by Realmo AI

    5305 GARDEN LN, Tampa, FL 33610

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    Fully tenanted outdoor storage asset with triple-net terms and a long-term billboard ground lease for supplemental income.

    Type:Industrial, Special Purpose
    Property size:
    2,004 SF
    Price / SF:
    $823/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 3:52 am

    Property Features for 5305 GARDEN LN

    General Information

    Standard status
    Active
    Size
    2,004 SF
    Property subtype
    Industrial, Special Purpose

    Building Details

    Year Built
    1958

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    Listing Contact
    Brad Kuskin

    Listing agent Brad Kuskin License #BK3333122

    Listing office Compass

    Listing date Jun 3, 2026

    Source Crexi

    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 Compass

    HighLights

    • Built in 1958 outdoor storage asset, fully tenanted under a triple‑net lease with AutoBase LLC (VMS Solutions/Road Rangers).
    • Primary lease term runs through February 2028 with a one‑year renewal option; triple‑net structure with real estate taxes 100% tenant‑paid.
    • Supplemental income from a long‑term Clear Channel Outdoor billboard ground lease with guaranteed annual base rent plus % of net advertising revenues.
    • Auto‑renewal and inflation‑protected billboard lease mechanics extend the effective lease term into perpetuity; lease details available to qualified buyers under NDA.
    • Zoned CG (Commercial General) in unincorporated Hillsborough County, permitting uses including light industrial/outdoor fleet storage and truck parking.
    • Location on the I‑4 corridor with frontage along US Highway 92, about 6 miles east of downtown Tampa near Florida State Fairgrounds and Seminole Hard Rock.

    Overview

    The property is a fully tenanted industrial outdoor storage site operated by AutoBase LLC under the VMS Solutions brand, under an FDOT “Road Rangers” contract. The primary lease runs through February 2028 and includes an additional one-year tenant renewal option, structured triple-net with real estate taxes flowing to the tenant at 100%. Supplemental income is provided through a long-term billboard ground lease with Clear Channel Outdoor, featuring a guaranteed annual base rent plus a percentage of net advertising revenues, with inflation protection and auto-renewal mechanics extending the lease term effectively into perpetuity. The property is zoned CG (Commercial General) in unincorporated Hillsborough County.

    The site is located directly on the Interstate 4 corridor with frontage along US Highway 92, approximately 6 miles east of downtown Tampa. It also sits immediately east of the Florida State Fairgrounds and the Seminole Hard Rock Hotel & Casino.

    This offering is suited to buyers seeking a cash-flowing, multi-tenant outdoor industrial asset with a contractual tax structure and an additional billboard revenue component. Seller-facilitated access to AutoBase during due diligence may allow qualified buyers to explore negotiating an extension of the existing lease prior to closing. Given the current use as a regional fleet storage, dispatch, and crew staging facility, the tenancy includes significant relocation friction, and the CG zoning provides multiple future-use pathways if the buyer plans to reposition or expand within permitted commercial and light industrial parameters.
    Location Intelligence

    Current Use by Public Records

    Tampa Bay’s Finest ... Painting Service Four Elements Llc Corporate Office

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3485277
    Latitude
    27.9945461

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    FAQs

    What type of property is this?
    NNN property - Fully tenanted outdoor storage asset with triple-net terms and a long-term billboard ground lease for supplemental income.
    Where is this nnn property located?
    The property is located at 5305 GARDEN LN Tampa, FL.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Built in 1958 outdoor storage asset, fully tenanted under a triple‑net lease with AutoBase LLC (VMS Solutions/Road Rangers).; Primary lease term runs through February 2028 with a one‑year renewal option; triple‑net structure with real estate taxes 100% tenant‑paid.; Supplemental income from a long‑term Clear Channel Outdoor billboard ground lease with guaranteed annual base rent plus % of net advertising revenues.
    (561) 232-7899 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brad Kuskin
    Real Estate License ID: BK3333122
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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