Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6820 56th St Tampa, FL 33610-1922
    Back to Search
    Property profile & analytics

    6820 56th St, Tampa, FL 33610-1922

    View on Map
    • Grocery and convenience stores
    • 3,288 SF
    • 1.74 lot acres
    Off-Market
    Last Sale Jan 27, 2023
    $427,755
    Property ID
    US18-9315984
    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

    • Shell / Grocery & Convenience Store
    • Dunkin' / Cafe & Coffee Shop

    Property Details for 6820 56th St

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.74 lot acres
    Zone code
    CG; CI
    Property type
    Grocery and convenience stores
    APN
    U342819ZZZ000001403900
    APU
    U342819ZZZ000001403900

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 27, 2023 $427,755 Central Florida Petroleum Distribut Dolphin Stations LLC Warranty Deed —
    Dec 7, 2022 — Dolphin Stations LLC William D Mcknight Warranty Deed —
    Jan 14, 2015 $1,225,000 William D Mcknight 56th Street Chevron INC Grant Deed —
    May 1, 2012 $1,100,000 56th Street Chevron INC Refaie,nick Warranty Deed $663k · Aileron Fixed Income Fund I Ll
    May 1, 2012 $474,000 Florida Busn Dev Corp 56th Street Chevron INC Grant Deed —
    Dec 1, 2004 $425,000 Nick Refaie Motiva Ents LLC Grant Deed —
    — — William D Mcknight — Deed Of Trust · related $980k · Centerstate Bk/fl
    — — Nick Refaie — Deed Of Trust · related $240k · Guyton Energy Group
    — — 56th Street Chevron INC — Deed Of Trust · related $663k · Aileron Fixed Income Fund I Ll
    — — Nick Refaie — Deed Of Trust · related $10k · Guyton Energy Group LLC

    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
    -82.3942
    Latitude
    28.0102
    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
    $24,742
    $518,272
    $875,300
    $1,393,572
    -
    $518,272
    $875,300
    $1,393,572

    Comparable in this City

    • Value Estimation
      $2,305,000
      16,559 SF

      6503 Us Hwy 301

      CONVENIENCE STORE
      6503 Us Hwy 301, Tampa, FL 33610-9560
      View Details
    • Value Estimation
      $1,895,000
      8,710 SF

      5951 Us Hwy 301

      CONVENIENCE STORE
      5951 Us Hwy 301, Tampa, FL 33610
      View Details
    • Value Estimation by Request
      2,160 SF

      4206 Orient Rd

      CONVENIENCE STORE
      4206 Orient Rd, Tampa, FL 33610-7224
      View Details
    • Value Estimation by Request
      624 SF

      4020 Osborne Ave

      CONVENIENCE STORE
      4020 Osborne Ave, Tampa, FL 33610-6730
      View Details
    • Value Estimation
      $1,085,000
      7,322 SF

      6202 40th St

      CONVENIENCE STORE
      6202 40th St, Tampa, FL 33610-3902
      View Details
    • Value Estimation
      $580,000
      3,240 SF

      5555 Hillsborough Ave

      CONVENIENCE STORE
      5555 Hillsborough Ave, Tampa, FL 33610-7102
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,426 SF

      Leased Retail Property in Tampa

      Fully leased retail property with high traffic and visibility.
      4172 E Hillsborough Ave, Tampa, FL 33610
      View Details
    • Contact for pricing
      961 SF

      Freestanding Building with Expansion Potential

      Freestanding 1,147 SF building with expansion or parking options.
      3743 N 15Th St, Tampa, FL 33610
      View Details
    • Contact for pricing
      3,426 SF

      Fully Leased Retail Investment Opportunity

      Freestanding retail property with 10-year lease in place.
      4172-4174 E Hillsborough Ave, Tampa, FL 33610
      View Details
    • $479,900
      861 SF

      Corner Unit at Motor Enclave

      Rare corner unit in luxury automotive community, Tampa, Florida.
      6500 Motor Enclave Way, Tampa, FL 33610
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      856 SF

      Retail Space in Tampa Center

      Retail space available in a busy Tampa shopping center.
      2305-2329 E Hillsborough Ave, Tampa, FL 33610
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail spaces available for lease in Tampa, Florida.
      6201 E Hillsborough Ave, Tampa, FL 33610
      View Details
    • Contact for pricing
      4,242 SF

      Retail/Office/Flex Space on Hillsborough Ave

      Retail/office/flex space with high visibility and ample parking.
      6201 E Hillsborough Ave, Tampa, FL 33610
      View Details
    • Contact for pricing
      2,600 SF

      New Retail Space in Tampa

      Under construction retail space in rapidly growing East Tampa.
      2409 E Lake Ave, Tampa, FL 33610
      View Details
    • Contact for pricing

      Prime Retail Space in Tampa

      High-visibility retail space in a busy Tampa shopping center.
      2115 East Hillsborough Ave, Tampa, FL 33610
      View Details

    Property Visit Statistics

    • Visits by month
      14.5k
    • Visitors by month
      10.2k
    • Avg Time on site
      10 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6820 56th St
    Tampa, FL 33610-1922
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6820 56th St, Tampa, FL, 33610
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!