Grocery Store with Food
For Sale
$1,499,000
6101 Symmes Road, Gibsonton, FL 33534
Includes an additional storage and office building, operating equipment, central air, and parking on a corner lot.
Property Size3,997 SF
Price / SF$375.03
Days on Market380
Property Features for 6101 Symmes Road
General Information
Standard status
Active
Size
3,997 SF
Property subtype
Mixed Use
Zoning
CG
Additional Details
Business Included
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,841
Amenities
Central Air
3
Parking. Corner Lot.
RV Parking.
Corner.
Building Details
Year Built
1945
Stories
1
Listing Agency:
SIGNATURE REALTY ASSOCIATES
(813) 689-3115
Listed By:
Silvia Quiros, LLC · License #3398113
Source:
Xome
Added: Aug 16, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:32AM
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 SIGNATURE REALTY ASSOCIATES
Investment Insights
Based on property information with market context.
This grocery property includes the real estate, supermarket operation, equipment, and a separate building configured for storage and office use. The store includes a bakery and meat market, with central air serving the interior. A 2023 food truck measuring 8x23 is also included in the sale.
The property occupies the intersection of US Hwy 41 and Symmes Road in Gibsonton, with corner-lot parking and RV parking. It carries CG zoning and was built in 1945. The offering combines an established grocery layout with additional structures, equipment, and an exterior mobile-food asset.
The property occupies the intersection of US Hwy 41 and Symmes Road in Gibsonton, with corner-lot parking and RV parking. It carries CG zoning and was built in 1945. The offering combines an established grocery layout with additional structures, equipment, and an exterior mobile-food asset.
Key Highlights
- Grocery property with supermarket, bakery, meat market, and included equipment
- Separate building for storage and office use
- 2023 food truck measuring 8x23 included
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
$66,289
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
4.42%
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%
$1,325,780
$1.3M
Cap Rate 7%
$946,986
$947.0K
Cap Rate 9%
$736,544
$736.5K
Market Conditions
NOI Build-Up for 3,997 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
$93.5K $23.40/SF
− Vacancy
−$5.1K −$1.29/SF
EGI
$88.4K $22.11/SF
− OpEx
−$22.1K −$5.53/SF
NOI
$66.3K $16.58/SF
Area
Brandon, FL
Vacancy
5.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,325,780
Cap Rate 7%
$946,986
Cap Rate 9%
$736,544
Alternative Uses
Best Use
Specialty Retail
$947.0K
$828.6K – $1.10M
NOI $66,289 @ 7.0% cap · market cap 4.42%
Second Best
Mixed Use
$826.8K
$723.5K – $964.6K
NOI $57,878 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$1.50M
$1.32M – $1.75M
NOI $105,252 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
7,145 visits/mo
0.4 miles
Demographics for 33534, FL
17,952
Population
6,219
Households
2.9
Avg Household Size
33
Median Age
19%
College-Educated
81%
High-School Grad
13.2 sq mi
ZIP Area
1,360
Density / Sq Mi
$73,600
Median Household Income
$43,091
Median Earnings
$1,364
Median Rent
$274,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Includes an additional storage and office building, operating equipment, central air, and parking on a corner lot.
Where is this grocery and convenience store located?
The property is located at 6101 Symmes Road Gibsonton, FL.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Grocery property with supermarket, bakery, meat market, and included equipment; Separate building for storage and office use; 2023 food truck measuring 8x23 included
