East Tampa Commercial
For Sale
$625,000
6220 E BROADWAY AVENUE, Tampa, FL 33619
Versatile commercial property on a high-traffic corridor in East Tampa.
Property Size4,828 SF
Lot Size0.26 Acres
Price / SF$129.45
Days on Market417
Property Features for 6220 E BROADWAY AVENUE
General Information
Standard status
Active
Size
4,828 SF
Lot size
0.26 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,384
Amenities
Central air
Pool
Public Pool
Wall/Window Unit(s) Cooling
Building Details
Year Built
1959
Listing Agency:
TAMPA BAY REALTY & INVESTMENT GROUP
(813) 380-0191
Listed By:
DANELLE CASTILLO · License #3066789
Source:
Corcoran
Added: Jul 15, 2025
Changed: Sep 3
Last Checked: Sep 2 at 7:06PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
$57,487
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
9.20%
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%
$1,149,740
$1.1M
Cap Rate 7%
$821,243
$821.2K
Cap Rate 9%
$638,744
$638.7K
Market Conditions
NOI Build-Up for 4,828 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
$86.9K $18.00/SF
− Vacancy
−$4.8K −$0.99/SF
EGI
$82.1K $17.01/SF
− OpEx
−$24.6K −$5.10/SF
NOI
$57.5K $11.91/SF
Area
Tampa, FL
Vacancy
5.50%
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%
$1,149,740
Cap Rate 7%
$821,243
Cap Rate 9%
$638,744
Alternative Uses
Best Use
Industrial
$837.7K
$733.0K – $977.3K
NOI $58,637 @ 7.0% cap · market cap 9.38%
Second Best
Retail
$821.2K
$718.6K – $958.1K
NOI $57,487 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$1.12M
$984.2K – $1.31M
NOI $78,735 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Home Improvements & Furnishings 28%
Marathon
Shops & Services
2,613 visits/mo
0.5 miles
Airgas
Home Improvements & Furnishings
1,035 visits/mo
0.2 miles
Demographics for 33619, FL
39,881
Population
15,360
Households
2.6
Avg Household Size
35
Median Age
23%
College-Educated
83%
High-School Grad
27.5 sq mi
ZIP Area
1,450
Density / Sq Mi
$63,193
Median Household Income
$38,448
Median Earnings
$1,618
Median Rent
$220,300
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
- Sun State Intl Trucks LLC - Aftermarket — 7105 E 6th Ave, Tampa, FL 33619
- Choice 1 Trasport LLC — 1532 Mckay Bay Ct, Tampa, FL 33619
- Jheison Lucas luson truck workshop — 1911 N 57th St, Tampa, FL 33619
- Tampa On-Site Truck Repair — 7112 E 7th Ave, Tampa, FL 33619
- CR AUTO REPAIR AND MECHANIC LLC — 5223 E Broadway Ave, Tampa, FL 33619
Frequently Asked Questions
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 $625,000.
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.
