Automotive Repair and Service
For Sale
$1,600,000
6200 N NEBRASKA AVENUE, Tampa, FL 33604
Two connected automotive buildings offer service bays, offices, and an on-site apartment within a secure fenced yard.
Property Size4,498 SF
Price / SF$355.71
Days on Market60
Property Features for 6200 N NEBRASKA AVENUE
General Information
Standard status
Active
Size
4,498 SF
Property subtype
Business
Zoning
CI
Additional Details
Business Included
Yes
Fenced Yard
Yes
Service Bays
6
Building Details
Year Built
1954
Listing Agency:
BRAINARD REALTY
(813) 922-2891
Listed By:
Chris Zoller · License #3340134
(813) 997-1501
Source:
Endlesssummerrealty
Added: Jul 11
Changed: Sep 6
Last Checked: Sep 7 at 7:03AM
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 BRAINARD REALTY
Investment Insights
Based on property information with market context.
This for-sale commercial property is currently set up to operate as an auto repair shop, auto sales business, and body shop. The site includes two well-equipped buildings designed for automotive efficiency, with the front building featuring two operational automotive lifts and an on-site apartment. The rear building provides six service bays along with dedicated office space to support day-to-day service operations.
The property is described as Seminole Heights “CI” zoned and includes EPA certification and compliance with City of Tampa regulations. A secure privacy fence surrounds the site, and there is a working alley behind the property providing convenient access to the rear building.
Designed around automotive service, the layout supports both operations and administrative needs on-site, with multiple service bays, offices, and the additional apartment space in the front building.
The property is described as Seminole Heights “CI” zoned and includes EPA certification and compliance with City of Tampa regulations. A secure privacy fence surrounds the site, and there is a working alley behind the property providing convenient access to the rear building.
Designed around automotive service, the layout supports both operations and administrative needs on-site, with multiple service bays, offices, and the additional apartment space in the front building.
Key Highlights
- Two automotive buildings totaling 8 service bays and dedicated office space, designed for automotive operations or other commercial uses.
- Front building includes two fully operational automotive lifts and an on‑site apartment for potential rental income or owner occupancy.
- Rear building features six service bays plus dedicated office space.
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
$54,629
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
3.41%
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%
$1,092,580
$1.1M
Cap Rate 7%
$780,414
$780.4K
Cap Rate 9%
$606,989
$607.0K
Market Conditions
NOI Build-Up for 4,498 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
$82.6K $18.36/SF
− Vacancy
−$4.5K −$1.01/SF
EGI
$78.0K $17.35/SF
− OpEx
−$23.4K −$5.21/SF
NOI
$54.6K $12.15/SF
Area
Tampa, FL
Vacancy
5.50%
Lease Rate
$18.36 /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%
$1,092,580
Cap Rate 7%
$780,414
Cap Rate 9%
$606,989
Alternative Uses
Best Use
Industrial
$780.4K
$682.9K – $910.5K
NOI $54,629 @ 7.0% cap · market cap 3.41%
Second Best
Retail
$765.1K
$669.5K – $892.6K
NOI $53,558 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$1.05M
$916.9K – $1.22M
NOI $73,353 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Service bays
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,246
Businesses Nearby
62k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 75%
Shops & Services 25%
Publix
Groceries
46,953 visits/mo
0.2 miles
Shell
Shops & Services
6,936 visits/mo
0.5 miles
BP
Shops & Services
5,910 visits/mo
0.5 miles
Kwik Stop
Shops & Services
1,582 visits/mo
0.4 miles
PostNet
Shops & Services
1,096 visits/mo
0.4 miles
Demographics for 33604, FL
39,071
Population
17,053
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
5,209
Density / Sq Mi
$55,988
Median Household Income
$39,537
Median Earnings
$1,326
Median Rent
$264,900
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.
Similar Off Market Nearby
- Smokey Diesel Performance LLC — 5205 N Blvd Suite 4, Tampa, FL 33603
- Richard's Quality Automotive Services — 503 E Hillsborough Ave, Tampa, FL 33604
- Sammy's Garage — 815 E Hillsborough Ave, Tampa, FL 33604
- Anthony's Muffler Shop — 815 E Hillsborough Ave, Tampa, FL 33604
- BX Tire Shop — 815 E Hillsborough Ave, Tampa, FL 33604
Frequently Asked Questions
What type of property is this?
Auto shop - Two connected automotive buildings offer service bays, offices, and an on-site apartment within a secure fenced yard.
Where is this auto shop located?
The property is located at 6200 N NEBRASKA AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two automotive buildings totaling 8 service bays and dedicated office space, designed for automotive operations or other commercial uses.; Front building includes two fully operational automotive lifts and an on‑site apartment for potential rental income or owner occupancy.; Rear building features six service bays plus dedicated office space.
