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    5614 S Manhattan Ave Tampa, FL 33616
    Property profile & analytics

    5614 S Manhattan Ave Tampa, FL 33616

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    • Grocery and convenience stores
    • 2,352 SF
    • 0.23 lot acres
    For Sale
    $1,350,000
    View Listing →
    South Tampa Retail Opportunity For Sale
    $1,350,000
    2,352 SF

    South Tampa Retail Opportunity

    Free-standing retail building in South Tampa, ideal for small businesses.

    5614 S MANHATTAN AVENUE, Tampa, FL 33616
    View Listing
    Property ID
    US18-1841027
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Quick Food Store / Grocery & Convenience Store
    • Pushpa S. Patel, Pharm / Pharmacy

    Property Details for 5614 S Manhattan Ave

    Year built
    1963
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.23 lot acres
    Property size
    2,352 SF
    Zone code
    RS-60
    Property type
    Grocery and convenience stores
    APN
    A093018ZZZ000005536200
    APU
    A093018ZZZ000005536200

    Description

    This exceptional 2,476 square foot freestanding retail building presents a compelling investment opportunity in the desirable South Tampa market. Situated on a sizable 0.23-acre lot at 5614 S Manhattan Avenue, Tampa, FL, this property boasts a highly visible location and ample parking accommodating 10+ vehicles. The single-story structure features a flexible layout, perfect for a variety of commercial uses. Its CN (Commercial Neighborhood) zoning allows for a diverse range of businesses, including small retail shops, personal service businesses, professional offices, cafes, or convenience stores. The building is well-maintained and benefits from prominent signage opportunities, ensuring high visibility and attracting a substantial customer base. The property's strategic location within a thriving residential community guarantees a consistent flow of potential customers. This is an ideal investment for entrepreneurs seeking to establish a new business or for existing businesses looking to expand their reach in a high-demand area. The asking price is $1,350,000, representing a significant opportunity for strong returns. The property's combination of size, location, zoning, and parking makes it a truly exceptional offering in the competitive Tampa commercial real estate market. Don't miss this chance to acquire a prime retail space in a flourishing neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5182
    Latitude
    27.8841
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,132
    $138,000
    $75,992
    $213,992
    -
    $138,000
    $75,992
    $213,992

    Comparable in this City

    • Value Estimation by Request
      2,946 SF

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    • Value Estimation by Request
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      6802 Shr Blvd

      CONVENIENCE STORE • 2,216 SF
      6802 Shr Blvd, Tampa, FL 33616-1327
      View Details
    • Value Estimation by Request
      2,700 SF

      6106 Shr Blvd

      CONVENIENCE STORE • 2,700 SF
      6106 Shr Blvd, Tampa, FL 33616-1029
      View Details
    • Value Estimation by Request
      744 SF

      7403 Hoadley St

      SHOW ROOM, WAREHOUSE • 744 SF
      7403 Hoadley St, Tampa, FL 33616-2048
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    • Value Estimation by Request
      5,180 SF

      5114 Commerce St

      SHOW ROOM, WAREHOUSE • 5,180 SF
      5114 Commerce St, Tampa, FL 33616-1902
      View Details
    • Value Estimation by Request

      6112 West Shore Blvd

      Individual retail properties
      6112 West Shore Blvd, Tampa, FL 33616
      View Details

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    Tampa, FL 33616
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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.

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