Auto Service
For Sale
$475,000
5910 N 40TH Street, Tampa, FL 33610
Commercial Sale, TAMPA, FL
Property Size1,440 SF
Lot Size0.44 Acres
Price / SF$329.86
Days on Market54
Property Features for 5910 N 40TH Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RS-50
Subdivision
MORA SUB
Lot features
Corner Lot, City Limits
Directions
FROM HILLSBOROUGH AVE AND 40TH STREET, HEAD NORTH ON 40TH STREET TO PROPERTY ON THE LEFT OF IDLEWILD AVE AND 40TH STREET.
Standard status
Active
APN
A-33-28-19-48S-000000-00064.0
Size
1,440 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MORA SUBDIVISION LOTS 64 65 66 AND 67 LESS RD R/W
Tax Annual Amount
3375
Legal Description
MORA SUBDIVISION LOTS 64 65 66 AND 67 LESS RD R/W
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Number of units
2
Building materials
Frame
Additional Structures
Workshop
Listing Agency:
LAURA FERGUSON REALTY
(813) 546-3552
Listed By:
Laura Ferguson · License #3120720
(813) 546-3552
Added: Jul 5
Changed: Aug 24
Last Checked: Aug 27 at 12:06AM
MLS# TB8526050
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Tampa property includes an existing frame garage structure that has historically supported automotive service and repair operations. The building contains 1,440 square feet and sits on a 0.44-acre parcel. The offering conveys real estate only; business assets, equipment, tools, lifts, and inventory are excluded.
Located at 5910 N 40TH Street in Tampa, the property carries RS-50 zoning and Hillsborough County use codes REI0 and COE2. Public water and public sewer serve the site. Any permitted automotive, redevelopment, licensing, or legal nonconforming use should be independently verified with the appropriate governmental authorities.
Located at 5910 N 40TH Street in Tampa, the property carries RS-50 zoning and Hillsborough County use codes REI0 and COE2. Public water and public sewer serve the site. Any permitted automotive, redevelopment, licensing, or legal nonconforming use should be independently verified with the appropriate governmental authorities.
Key Highlights
- Existing 1,440‑square‑foot automotive service and repair garage structure
- 0.44‑acre parcel at 5910 N 40TH Street, Tampa, FL 33610
- RS‑50 zoning with Hillsborough County use codes REI0 and COE2
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
$16,602
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
3.50%
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%
$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
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
$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 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%
$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 3.50%
Second Best
Industrial
$132.3K
$115.7K – $154.3K
NOI $9,259 @ 7.0% cap · market cap 1.95%
Theoretical Best
Office A
$332.1K
$290.6K – $387.5K
NOI $23,249 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Retail in Tampa, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Existing garage structure on an RS-50-zoned parcel with public water and sewer service.
Where is this auto shop located?
The property is located at 5910 N 40TH Street Tampa, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Existing 1,440‑square‑foot automotive service and repair garage structure; 0.44‑acre parcel at 5910 N 40TH Street, Tampa, FL 33610; RS‑50 zoning with Hillsborough County use codes REI0 and COE2
