Auto Service Garage
For Sale
$445,000
5910 N 40TH ST, Tampa, FL 33610
Built in 1987, this auto service and repair garage is offered as real estate only, with land and building conveying.
Property Size1,440 SF
Days on Market109
Property Features for 5910 N 40TH ST
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Mixed Use
Zoning
RS-50
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,374
Building Details
Building Size
1,440 SF
Year Built
1957
Listing Agency:
LAURA FERGUSON REALTY
Listed By:
Laura Ferguson · License #3120720
(813) 546-3552
Source:
Judibeck
Added: Jul 5
Changed: Oct 17
Last Checked: Oct 19 at 4:15PM
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 LAURA FERGUSON REALTY
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Investment Insights
Based on property information with market context.
This sale includes an existing automotive service and repair garage building constructed in 1987. The business is not for sale, and no equipment, tools, lifts, inventory, or other business assets are included. Only the land and building will convey.
The property is zoned RS-50 and has Hillsborough County Property Appraiser use codes REI0 and COE2. The seller notes that buyers should verify zoning, permitted uses, licensing requirements, redevelopment opportunities, and any grandfathered or legal nonconforming use status with the appropriate governmental authorities.
The structure has historically been utilized as an automotive service/repair garage. The listing also emphasizes convenient access to major roadways.
The property is zoned RS-50 and has Hillsborough County Property Appraiser use codes REI0 and COE2. The seller notes that buyers should verify zoning, permitted uses, licensing requirements, redevelopment opportunities, and any grandfathered or legal nonconforming use status with the appropriate governmental authorities.
The structure has historically been utilized as an automotive service/repair garage. The listing also emphasizes convenient access to major roadways.
Key Highlights
- Auto service/repair garage building built in 1987, offered for sale as real estate only (land and building convey).
- Business is not for sale; no equipment, tools, lifts, inventory, or other business assets included in the sale.
- Zoned RS‑50; Hillsborough County Property Appraiser use codes REI0 and COE2.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,602
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,040
$332.0K
Cap Rate 7%
$237,171
$237.2K
Cap Rate 9%
$184,467
$184.5K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$25.9K $18.00/SF
− Vacancy
−$2.2K −$1.53/SF
EGI
$23.7K $16.47/SF
− OpEx
−$7.1K −$4.94/SF
NOI
$16.6K $11.53/SF
Area
ZIP 33610
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,040
Cap Rate 7%
$237,171
Cap Rate 9%
$184,467
Alternative Uses
Best Use
Retail
$237.2K
$207.5K – $276.7K
NOI $16,602 @ 7.0% cap · market cap 3.73%
Second Best
Industrial
$132.3K
$115.7K – $154.3K
NOI $9,259 @ 7.0% cap · market cap 2.08%
Theoretical Best
Office A
$332.1K
$290.6K – $387.5K
NOI $23,249 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 7%
Electronics 5%
Citgo
Shops & Services
7,633 visits/mo
0.2 miles
Value Pawn & Jewelry
Shops & Services
2,728 visits/mo
0.4 miles
Salem's Gyros & Subs
Dining
809 visits/mo
0.3 miles
Metro by T-Mobile
Electronics
567 visits/mo
0.2 miles
Demographics for 33610, FL
45,218
Population
17,995
Households
2.5
Avg Household Size
34
Median Age
19%
College-Educated
82%
High-School Grad
18.0 sq mi
ZIP Area
2,512
Density / Sq Mi
$49,765
Median Household Income
$34,773
Median Earnings
$1,307
Median Rent
$210,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Tampa, FL
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Frequently Asked Questions
What type of property is this?
Auto shop - Built in 1987, this auto service and repair garage is offered as real estate only, with land and building conveying.
Where is this auto shop located?
The property is located at 5910 N 40TH ST Tampa, FL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Auto service/repair garage building built in 1987, offered for sale as real estate only (land and building convey).; Business is not for sale; no equipment, tools, lifts, inventory, or other business assets included in the sale.; Zoned RS‑50; Hillsborough County Property Appraiser use codes REI0 and COE2.
