Leased Convenience Store
5502 N ARMENIA AVE, Tampa, FL 33603
For Sale
$900,000
A C1-zoned commercial property with an established store tenant and parking at the front and side.
Property Size2,940 SF
Lot Size0.19 Acres
Price / SF$273.06
Days on Market20
Property Features for 5502 N ARMENIA AVE
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
front and side parking
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
OUT FAST REALTY & INVESTMENTS
Listed By:
Nelly Quintero
(813) 507-8667
Source:
Judibeck
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 8 at 11:32AM
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 OUT FAST REALTY & INVESTMENTS
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Investment Insights
Based on property information with market context.
This 3,296-square-foot commercial property includes approximately 2,940 heated square feet and sits on a 0.19-acre lot. Built in 1959, the building is leased to a convenience store business that has operated at this location for more than 15 years. Front and side parking serves the property, which is outside a designated flood zone. The site is on N Armenia Avenue in Tampa and is zoned C1.
Key Highlights
- 3,296 total square feet, including approximately 2,940 heated square feet
- 0.19‑acre lot
- Leased to a convenience store business operating at the location for more than 15 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,089
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$901,780
$901.8K
Cap Rate 7%
$644,129
$644.1K
Cap Rate 9%
$500,989
$501.0K
Market Conditions
NOI Build-Up for 3,296 SF
Gross rent
$63.3K $19.20/SF
− Vacancy
−$3.2K −$0.96/SF
EGI
$60.1K $18.24/SF
− OpEx
−$15.0K −$4.56/SF
NOI
$45.1K $13.68/SF
Area
Tampa, FL
Vacancy
5.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$901,780
Cap Rate 7%
$644,129
Cap Rate 9%
$500,989
Alternative Uses
Best Use
Specialty Retail
$644.1K
$563.6K – $751.5K
NOI $45,089 @ 7.0% cap · market cap 5.01%
Second Best
Retail
$560.6K
$490.6K – $654.1K
NOI $39,245 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$767.9K
$671.9K – $895.9K
NOI $53,751 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,122
Businesses Nearby
260k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Groceries 23%
Dining 11%
Apparel 4%
Publix
Groceries
60,173 visits/mo
0.2 miles
Wawa
Shops & Services
42,462 visits/mo
0.5 miles
Thorntons
Shops & Services
27,131 visits/mo
0.1 miles
Dollar Tree
Shops & Services
19,964 visits/mo
0.2 miles
7-Eleven
Shops & Services
18,299 visits/mo
0.2 miles
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
$344,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Grocery and convenience stores in Hillsborough County, FL
Properties on Market for Grocery and convenience stores in Hillsborough County
Vacancy Rate% for Retail in Tampa, FL
Similar Off Market Nearby
- Habana Supermarket — 2901 W Hillsborough Ave, Tampa, FL 33614
- El Maguey MiniMarket — 5802 N Armenia Ave A, Tampa, FL 33603
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - A C1-zoned commercial property with an established store tenant and parking at the front and side.
Where is this grocery and convenience store located?
The property is located at 5502 N ARMENIA AVE Tampa, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 3,296 total square feet, including approximately 2,940 heated square feet; 0.19‑acre lot; Leased to a convenience store business operating at the location for more than 15 years
