Auto Shop Property With
New
For Sale
$1,350,000
9701 N TAMPA Street, Tampa, FL 33612
Commercial Sale, TAMPA, FL
Property Size3,936 SF
Lot Size0.67 Acres
Price / SF$342.99
Days on Market3
Property Features for 9701 N TAMPA Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CG
Parking features
RV
Appliances
Dishwasher, Dryer, Microwave, Refrigerator
Subdivision
STATE HWY FARMS
Lot features
Central Business District
Directions
right of I4 east and us 92 half of mile on the left
Standard status
Active
APN
U-06-29-20-1ME-000000-00002.3
Size
3,936 SF
Lot size
0.67 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
STATE HIGHWAY FARMS N 1/2 OF W 1/4 LESS S 220 FT OF LOT 2 LESS HWY
Tax Annual Amount
7633
Legal Description
STATE HIGHWAY FARMS N 1/2 OF W 1/4 LESS S 220 FT OF LOT 2 LESS HWY
Utilities
Sewer type
Septic Tank
Water source
Well
Amenities
reception area
lobby area
bathroom
offices
storage areas
kitchen
Building Details
Year built
1965
Floors in Building
1
Building materials
Block
Roof type
Metal
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Yohan Ventura estevez · License #3592626
(732) 762-8932
Added: Sep 19
Changed: Sep 21
Last Checked: Sep 21 at 1:06AM
MLS# TB8550555
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 9701 N TAMPA Street in Tampa, this 0.67-acre auto shop property includes two mechanic shops, a car dealership area, and a designated food truck spot with rental income. The property contains 3,936 square feet of improvements, including approximately 1,600 square feet of office space with a reception area, lobby, bathroom, multiple offices, storage areas, and a kitchen.
The site fronts U.S. Highway 92, which carries average daily traffic of over 14,000 cars. Zoning is CG, or General Commercial, and the property is identified as being in Flood Zone X. Recent improvements include a metal roof approximately 1 year old, new plumbing, and new electrical panels. Additional site details include block construction, well water, septic service, and RV parking. The property was built in 1965.
The site fronts U.S. Highway 92, which carries average daily traffic of over 14,000 cars. Zoning is CG, or General Commercial, and the property is identified as being in Flood Zone X. Recent improvements include a metal roof approximately 1 year old, new plumbing, and new electrical panels. Additional site details include block construction, well water, septic service, and RV parking. The property was built in 1965.
Key Highlights
- 0.67‑acre auto shop property with 3,936 square feet of improvements
- Two mechanic shops plus a car dealership area and food truck spot
- Approximately 1,600 square feet of office space with reception, lobby, offices, storage, and kitchen
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
$46,866
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
3.47%
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%
$937,320
$937.3K
Cap Rate 7%
$669,514
$669.5K
Cap Rate 9%
$520,733
$520.7K
Market Conditions
NOI Build-Up for 3,936 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
$70.8K $18.00/SF
− Vacancy
−$3.9K −$0.99/SF
EGI
$67.0K $17.01/SF
− OpEx
−$20.1K −$5.10/SF
NOI
$46.9K $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%
$937,320
Cap Rate 7%
$669,514
Cap Rate 9%
$520,733
Alternative Uses
Best Use
Retail
$669.5K
$585.8K – $781.1K
NOI $46,866 @ 7.0% cap · market cap 3.47%
Second Best
Industrial
$513.3K
$449.1K – $598.9K
NOI $35,931 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$896.6K
$784.5K – $1.05M
NOI $62,762 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
14,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,055
Businesses Nearby
45k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 22%
Burger King
Dining
9,066 visits/mo
0.5 miles
Mobil
Shops & Services
9,065 visits/mo
0.0 miles
Elder Ford of Tampa
Shops & Services
6,368 visits/mo
0.1 miles
Speedway
Shops & Services
3,961 visits/mo
U-Haul Moving & Storage of North Tampa
Shops & Services
3,477 visits/mo
0.3 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - CG-zoned commercial property with two mechanic shops, office space, and additional automotive and food-service areas.
Where is this auto shop located?
The property is located at 9701 N TAMPA Street Tampa, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 0.67‑acre auto shop property with 3,936 square feet of improvements; Two mechanic shops plus a car dealership area and food truck spot; Approximately 1,600 square feet of office space with reception, lobby, offices, storage, and kitchen
