Hardware Storefront
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For Sale
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9513 N Nebraska Ave, Tampa, FL 33612
Two-building retail asset occupied by a True Value franchise hardware store under a long-term lease.
Property Size9,289 SF
Lot Size0.71 Acres
Price / SF$215.31
Days on Market5
Property Features for 9513 N Nebraska Ave
General Information
Standard status
Active
Size
9,289 SF
Lot size
0.71 Acres
Property subtype
Retail, Industrial
Building Details
Buildings
2
Listing Agency:
Coldwell Banker Commercial NRT Tampa
Listed By:
Garrick Sims · License #FL
(813) 474-8505
Source:
Crexi
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 13 at 6:32AM
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 Coldwell Banker Commercial NRT Tampa
Investment Insights
Based on property information with market context.
This storefront property comprises two buildings with approximately 9,289 SF of combined building area on a 0.71-acre parcel. The improvements support the current operation of a True Value franchise hardware store and provide a substantial retail footprint for the existing use.
Located at 9513 N Nebraska Ave in Tampa, the property is positioned in North Tampa near the redeveloped University Mall/Uptown area. Its setting places the asset within a commercial and residential growth area, with access and exposure along N Nebraska Ave.
Located at 9513 N Nebraska Ave in Tampa, the property is positioned in North Tampa near the redeveloped University Mall/Uptown area. Its setting places the asset within a commercial and residential growth area, with access and exposure along N Nebraska Ave.
Key Highlights
- Two buildings totaling approximately 9,289 SF
- Situated on a 0.71‑acre parcel
- Occupied by a True Value franchise hardware store
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
$110,604
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
5.53%
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%
$2,212,080
$2.2M
Cap Rate 7%
$1,580,057
$1.6M
Cap Rate 9%
$1,228,933
$1.2M
Market Conditions
NOI Build-Up for 9,289 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
$167.2K $18.00/SF
− Vacancy
−$9.2K −$0.99/SF
EGI
$158.0K $17.01/SF
− OpEx
−$47.4K −$5.10/SF
NOI
$110.6K $11.91/SF
Area
ZIP 33612
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%
$2,212,080
Cap Rate 7%
$1,580,057
Cap Rate 9%
$1,228,933
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.84M
NOI $110,604 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,119 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,215
Businesses Nearby
28k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 97%
Home Improvements & Furnishings 3%
BP
Shops & Services
11,227 visits/mo
0.3 miles
Citgo
Shops & Services
5,714 visits/mo
0.2 miles
Mobil
Shops & Services
4,157 visits/mo
0.1 miles
Citgo
Shops & Services
3,430 visits/mo
0.3 miles
A-AAAKey Mini Storage
Shops & Services
1,649 visits/mo
0.5 miles
Demographics for 33612, FL
49,452
Population
21,228
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
4,995
Density / Sq Mi
$43,919
Median Household Income
$32,724
Median Earnings
$1,259
Median Rent
$249,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Tampa, FL
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Similar Off Market Nearby
- Margarita's Florist — 10401 N Nebraska Ave, Tampa, FL 33612
Frequently Asked Questions
What type of property is this?
Storefront property - Two-building retail asset occupied by a True Value franchise hardware store under a long-term lease.
Where is this storefront property located?
The property is located at 9513 N Nebraska Ave Tampa, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Two buildings totaling approximately 9,289 SF; Situated on a 0.71‑acre parcel; Occupied by a True Value franchise hardware store
