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6016 N 40th St 2,800 SF 100% Leased Retail Building Tampa, FL 33610 $650,000 ($232.14/SF) 5.79% Cap Rate
EXECUTIVE SUMMARY
High Traffic 4 lane Divided Highway with 4 RETAIl/ RESTAURANT businesses.
No Vacancies in 10 Years...
Rents move up 8% annually.
No Vacancies in 10 Years...
Rents move up 8% annually.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,800 SF
Building Class
C
Year Built
1986
Price
$650,000
Price Per SF
$232.14
Cap Rate
5.79%
NOI
$37,625
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.22 AC
Opportunity Zone
Yes
Zoning
CG - Commercial.
Parking
7 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
73’ on 40th St
PROPERTY TAXES
| Parcel Number | A-33-28-19-48S-000000-00003.0 | Total Assessment | $298,400 (2024) |
| Land Assessment | $67,367 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $231,033 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
A-33-28-19-48S-000000-00003.0
Land Assessment
$67,367 (2024)
Improvements Assessment
$231,033 (2024)
Total Assessment
$298,400 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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6016 N 40th St
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