Gas Station with Car
For Sale
$500,000
1009 N State 7 Road, Royal Palm Beach, FL 33411
COMMERCIAL - Royal Palm Beach, FL
Property Size3,331 SF
Price / SF$150.11
Days on Market363
Property Features for 1009 N State 7 Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CG(cit
Subdivision
5530
Standard status
Active
APN
72414325200040000
Size
3,331 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
REGAL CENTER PL 3 PAR 4
Tax Annual Amount
40949
Legal Description
REGAL CENTER PL 3 PAR 4
Building Details
Year built
1999
Listing Agency:
AAA International Realtors Inc
(561) 784-3766
Listed By:
Tanya R Woodford · License #3133051
(614) 206-1265
Added: Aug 15, 2025
Changed: Aug 4
Last Checked: Aug 12 at 9:06AM
MLS# R11116346
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property presents an opportunity to own a gas station with a car wash and convenience store. The property is zoned CG(cit and has a size of 3331 square feet. It is located in Royal Palm Beach, Florida.
Key Highlights
- Gas station with car wash and convenience store
- Business opportunity
- Built in 1999
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,960
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$719,200
$719.2K
Cap Rate 7%
$513,714
$513.7K
Cap Rate 9%
$399,556
$399.6K
Market Conditions
NOI Build-Up for 3,331 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.4K $16.32/SF
− Vacancy
−$3.0K −$0.90/SF
EGI
$51.4K $15.42/SF
− OpEx
−$15.4K −$4.63/SF
NOI
$36.0K $10.80/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$719,200
Cap Rate 7%
$513,714
Cap Rate 9%
$399,556
Alternative Uses
Best Use
Specialty Retail
$916.1K
$801.6K – $1.07M
NOI $64,125 @ 7.0% cap · market cap 12.83%
Second Best
Retail
$804.6K
$704.1K – $938.8K
NOI $56,325 @ 7.0% cap · market cap 11.27%
Theoretical Best
Office A
$2.35M
$2.05M – $2.74M
NOI $164,211 @ 7.0% cap · market cap 32.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Explore this area
Business Placement
Demographics for 33411, FL
74,206
Population
30,063
Households
2.5
Avg Household Size
42
Median Age
39%
College-Educated
91%
High-School Grad
34.9 sq mi
ZIP Area
2,126
Density / Sq Mi
$89,329
Median Household Income
$46,461
Median Earnings
$1,887
Median Rent
$400,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Gas station - Gas station, car wash, and convenience store for sale.
Where is this gas station located?
The property is located at 1009 N State 7 Road Royal Palm Beach, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Gas station with car wash and convenience store; Business opportunity; Built in 1999
