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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8601 40th St Tampa, FL 33604-2435

    • Auto shops
    • 900 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3937936
    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

    • U-Haul Neighborhood Dealer / Trailer Rental Service / Truck Rental Agency

    Property Details for 8601 40th St

    Year built
    2017
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Property size
    900 SF
    Zone code
    CG
    Property type
    Auto shops
    APN
    A212819464000015000090
    APU
    A212819464000015000090

    Description

    This exceptional mixed-use property in Tampa, Florida, presents a unique investment opportunity. Situated on a prominent corner lot (.29 acres) just blocks from Busch Gardens, this 900-square-foot building offers diverse potential. Currently configured as a towing yard, storage facility, U-Haul rental, and auto mechanic shop, the property's versatility is undeniable. The existing structure includes over 300 square feet of office space and a 500-square-foot enclosed garage, providing ample room for various business ventures. Built in 2017, the single-story building is zoned CG, allowing for a range of uses. The property's location in the thriving Tampa market makes it ideal for owner-users seeking a strategic base of operations or investors looking for a high-return asset. The property's address is 8601 N 40th St, Tampa, FL 33604, and the APN is A-21-28-19-464-000015-00009.0. The asking price is $530,000. This is a remarkable chance to acquire a well-positioned property with significant upside potential in a rapidly growing area. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $272,000
      Market price range: $92.1k - $272k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $175,000
      Current use
      MEDICAL BUILDING
      $245,000
      Change: +40% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $235,000
      Change: +35% Conversion: Difficult
      OFFICE BUILDING
      $210,000
      Change: +22% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $170,000
      Change: -1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.416
    Latitude
    28.0275
    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
    $3,991
    $82,472
    $127,502
    $209,974
    -
    $82,472
    $127,502
    $209,974

    Comparable in this City

    • Value Estimation
      $305,000
      2,205 SF

      6501 Florida Ave

      AUTO REPAIR, GARAGE • 2,205 SF
      6501 Florida Ave, Tampa, FL 33604-6009
      View Details
    • Value Estimation
      $330,000
      3,058 SF

      6200 Nebraska Ave

      AUTO REPAIR, GARAGE • 3,058 SF
      6200 Nebraska Ave, Tampa, FL 33604-6257
      View Details
    • Value Estimation
      $590,000
      2,073 SF

      8015 Nebraska Ave

      AUTO REPAIR, GARAGE • 2,073 SF
      8015 Nebraska Ave, Tampa, FL 33604-3102
      View Details
    • Value Estimation
      $300,000
      2,302 SF

      813 Sligh Ave

      AUTO REPAIR, GARAGE • 2,302 SF
      813 Sligh Ave, Tampa, FL 33604-5662
      View Details
    • Value Estimation
      $605,000
      6,935 SF

      124 Hillsborough Ave

      AUTO REPAIR, GARAGE • 6,935 SF
      124 Hillsborough Ave, Tampa, FL 33604-6925
      View Details
    • Value Estimation
      $260,000
      4,388 SF

      8919 Nebraska Ave

      AUTO REPAIR, GARAGE • 4,388 SF
      8919 Nebraska Ave, Tampa, FL 33604-1735
      View Details

    Similar Nearby for Sale

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      Auto Repair Property For Sale

      Established auto repair property with high visibility and business potential.
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    • $1,500,000
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      Tampa Auto Shop - Redevelopment Opportunity

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      Tampa Auto Shop - Prime Location

      Profitable auto repair shop with real estate.
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      Seminole Heights Automotive Investment Opportunity

      Two buildings with lifts in Seminole Heights opportunity zone.
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      Established Auto Repair Shop

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    Similar Nearby for Lease

    • Contact for pricing
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      Retail Space in Tampa Location

      Retail space available in a densely populated Tampa location.
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    • $17,500 /Mo

      Tampa Commercial Space For Rent

      Commercial space near Busch Gardens, ideal for retail or office.
      9006 N 40Th St, Tampa, FL 33604
      View Details
    • $36 SF/Yr
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      Modern Retail/Office Space Available

      Light-filled 1,146 SF retail or office space for lease.
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    • $27 SF/Yr
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      Restaurant-Ready Space in Seminole Heights

      Exceptional commercial leasing opportunity in Tampa's vibrant Seminole Heights neighborhood.
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    • $16 SF/Yr
      9,441 SF

      Retail Space in High-Traffic Area

      Retail space with flexible floor plan and abundant parking.
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      Tampa Executive Office Suites

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    8601 40th St
    Tampa, FL 33604-2435
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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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