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    East Tampa Commercial Opportunity Title is generated by Realmo AI

    6220 E BROADWAY AVENUE, Tampa, FL 33619

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    For Sale
    $1,200,000

    Versatile commercial property on a high-traffic corridor in East Tampa.

    Type:Commercial
    Property size:
    4,828 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $248/SF
    Added:
    Jul 15, 2025
    Days on Market:
    325
    Last Refresh:
    May 10 at 11:56 pm

    Property Features for 6220 E BROADWAY AVENUE

    General Information

    Standard status
    Active
    Size
    4,828 SF
    Lot size
    0.26 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1959

    We can help!

    Listing Contact
    DANELLE CASTILLO

    Listing agent DANELLE CASTILLO License #3066789

    Listing office TAMPA BAY REALTY & INVESTMENT GROUP

    Listing date Jul 15, 2025

    Source Corcoran

    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 TAMPA BAY REALTY & INVESTMENT GROUP

    HighLights

    • Three Separate Parcels (.58 Acres Total) offer flexibility.
    • Prime Location on a high‑traffic corridor with excellent visibility and easy access to major interstates.
    • Currently operating as an auto repair facility with one unit leased to a long‑term tenant, providing immediate income.
    • Zoned for commercial use, suitable for automotive, retail, light industrial, or service‑based businesses.
    • Ample parking and yard space ideal for vehicle storage, display, or expansion.
    • Includes an adjacent automotive paint store (owner‑operated) that may be available for sale.

    Overview

    This commercial property in East Tampa, currently operating as an auto repair facility, offers potential for owner-users or investors. The property, situated on a 0.26-acre lot, features 4,828 square feet of building space and is zoned for commercial use. It includes ample parking and yard space suitable for vehicle storage, display, or expansion. The offering includes three separate parcels, providing flexibility for future development, resale, or multiple income streams. One unit is currently leased to a long-term auto repair tenant, generating monthly income. The adjacent automotive paint store is owner-operated and may be available for sale as a business. Strategically located on a high-traffic corridor with visibility and access to I-4, I-75, and downtown Tampa, the property is suited for automotive, retail, light industrial, or service-based businesses. The surrounding area is densely populated and rapidly expanding. Additional parcels include 6304 E Broadway Ave, featuring a 1,901 square foot building on 0.14 acres and 6245 E Columbus Dr, spanning 0.18 acres. The total acreage for all three lots is 0.58 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Sun State Intl Trucks LLC - Aftermarket — 7105 E 6th Ave, Tampa, FL 33619
    • Tampa On-Site Truck Repair — 7112 E 7th Ave, Tampa, FL 33619
    • Choice 1 Trasport LLC — 1532 Mckay Bay Ct, Tampa, FL 33619
    • Goodyear Commercial Tire & Service Centers — 1325 Massaro Blvd, Tampa, FL 33619
    • Wingfoot Commercial Tire Systems — 1325 Massaro Blvd, Tampa, FL 33619

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3844
    Latitude
    27.9665

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    FAQs

    What type of property is this?
    Auto shop - Versatile commercial property on a high-traffic corridor in East Tampa.
    Where is this auto shop located?
    The property is located at 6220 E BROADWAY AVENUE Tampa, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Three Separate Parcels (.58 Acres Total) offer flexibility.; Prime Location on a high‑traffic corridor with excellent visibility and easy access to major interstates.; Currently operating as an auto repair facility with one unit leased to a long‑term tenant, providing immediate income.
    (813) 380-0191
    We can help!
    Listing Contact
    DANELLE CASTILLO
    Real Estate License ID: 3066789
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    6220 E BROADWAY AVENUE, TAMPA, FL 33619
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