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    Property profile & analytics

    6602 Gunn Hwy Tampa, FL 33625

    • Auto shops
    • 7,092 SF
    • 1.19 lot acres
    For Sale
    View listing
    $3,934,736
    Last Sale
    Feb 25, 2022
    $2,620,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6231217
    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.

    Current Use by Public Records

    • Tire Kingdom / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 6602 Gunn Hwy

    Year built
    2013
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.19 lot acres
    Property size
    7,092 SF
    Zone code
    PD
    Property type
    Auto shops
    APN
    U122817ZZZ000000292900
    APU
    U122817ZZZ000000292900

    Description

    This exceptional Class A retail investment opportunity presents a 6,922 square foot Tire Kingdom located at 6602 Gunn Hwy, Tampa, FL 33625. The property sits on a 1.19-acre lot and is subject to a 25-year absolute NNN lease, with over 13.5 years remaining until August 7, 2037. The lease commenced December 17, 2012, and features rent bumps in 2028 based on the CPI, capped at 12%. The current asking price is $3,934,736.84, representing a 4.75% cap rate and a Net Operating Income (NOI) of $186,900. The property benefits from a strong location near Citrus Park Town Center and a Walmart Supercenter, within a densely populated area. This is a 1031 exchange eligible property offering minimal landlord responsibilities and significant long-term income potential. The tenant is Tire Kingdom, backed by a corporate guarantee from TBC Corporation and Sumitomo of America. The price per square foot is $568.44. This is an ideal investment for those seeking a stable, high-return, low-maintenance commercial property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,095,000
      ML approach
      $2,110,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,146,000
      Market price range: $725k - $2.15M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,420,000
      APARTMENT HOUSE (5+ UNITS)
      $2,600,000
      OFFICE BUILDING
      $1,980,000
      MEDICAL BUILDING
      $1,915,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,845,000
      RETAIL STORES
      $1,575,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5622
    Latitude
    28.0648
    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
    $29,286
    $713,118
    $990,009
    $1,703,127
    -
    $713,118
    $990,009
    $1,703,127

    Comparable in this City

    • Value Estimation
      $1,405,000
      9,104 SF

      6560 Gunn Hwy

      AUTO REPAIR, GARAGE • 9,104 SF
      6560 Gunn Hwy, Tampa, FL 33625-4022
      View Details
    • Value Estimation
      $2,765,000
      10,332 SF

      13103 Citrus Park Town Ctr Mall

      AUTO REPAIR, GARAGE • 10,332 SF
      13103 Citrus Park Town Ctr Mall, Tampa, FL 33625
      View Details
    • Value Estimation
      $1,540,000
      5,073 SF

      6022 Gunn Hwy

      AUTO REPAIR, GARAGE • 5,073 SF
      6022 Gunn Hwy, Tampa, FL 33625-4094
      View Details
    • Value Estimation by Request
      4,069 SF

      6202 Linebaugh Ave

      AUTO REPAIR, GARAGE • 4,069 SF
      6202 Linebaugh Ave, Tampa, FL 33625-5640
      View Details
    • Value Estimation by Request
      1.26 Acres

      Citrus Park Ln

      PARKING LOT • 1.26 Acres
      Citrus Park Ln, Tampa, FL 33625
      View Details
    • Value Estimation by Request
      1,440 SF

      8735 Meadowview Cir

      PARKING LOT • 1,440 SF
      8735 Meadowview Cir, Tampa, FL 33625-3753
      View Details

    Similar Nearby for Sale

    • $3,934,736
      6,922 SF

      Tampa Tire Kingdom NNN Lease

      High-yield auto shop investment. Strong tenant, long lease.
      6602 Gunn Hwy, Tampa, FL 33625
      View Details
    • $875,000
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      Linebaugh Avenue Professional Office Suites

      Two contiguous office suites in a high-traffic Tampa corridor.
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      High-density redevelopment potential with lighted corner location.
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      Spacious Buildable Land in Tampa

      5 acres of buildable land in Hillsborough County, Tampa, FL.
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    • $899,999
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      Citrus Park Land Opportunity

      Six acres of land in the Citrus Park/Westchase area.
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    • $89,000
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      Citrus Park Land Opportunity

      Land in Citrus Park, close to amenities and new community.
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    Similar Nearby for Lease

    • $432 /Mo
      8,148 SF

      Tampa Auto Shop - 8,148 SF

      Prime Tampa auto repair shop, 12 bays, car wash.
      6560 Gunn Hwy, Tampa, FL 33625
      View Details
    • Contact for pricing

      Citrus Park Retail Space Available

      Retail spaces available in a power center near Westfield Mall.
      12845 Citrus Park Plz Dr, Tampa, FL 33625
      View Details
    • Contact for pricing
      98,326 SF

      Westgate Plaza Retail Space Available

      Tampa Retail Space: Multiple Units, High Visibility
      12020 Anderson Rd, Tampa, FL 33625
      View Details
    • Contact for pricing
      8,833 SF

      Retail Space in High-Traffic Area

      Retail space with high traffic count and strong demographics.
      12004-12096 Anderson Rd, Tampa, FL 33625
      View Details
    • Contact for pricing
      1,155,462 SF

      Citrus Park Town Center Retail Spaces

      Tampa, FL Retail & Restaurant Opportunity
      8021 Citrus Park Town Center Mall, Tampa, FL 33625
      View Details
    • Contact for pricing
      340,000 SF

      Citrus Park Retail Power Center

      High-visibility retail space in Tampa, FL
      0 Citrus Park Dr. & Easy St, Citrus Park, FL 33625
      View Details
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    Tampa, FL 33625
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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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