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    2702 Rockey Drive West Palm Beach, FL

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    Claim this Listing
    For Sale
    $295,000

    COMMERCIAL - West Palm Beach, FL

    Property size:
    3,500 SF
    Added:
    Mar 24, 2026
    Days on Market:
    26
    Last Refresh:
    Apr 18 at 12:06 am

    Property Features for 2702 Rockey Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Security features
    Security System
    Fencing
    Fenced, Chain Link, Barbed Wire, Gate
    Standard status
    Active
    Size
    3,500 SF

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Wall/Window Unit(s), Window Unit(s), Electric
    Water source
    Public

    Building Details

    Year built
    1981
    Floors in Building
    2
    Flooring type
    Concrete, Laminate
    Building materials
    Concrete Block - No Stucco, Stucco
    Roof type
    Concrete

    We can help!

    Listing Contact
    Claudette LeTexier

    Listing agent Claudette LeTexier License #690432

    Listing office Fidelity Professional Realty 3011 Exchange Ct. Suite 101, West Palm Beach, FL

    Listing date Mar 24, 2026

    MLS# B26006309

    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.

    Overview

    Profitable Auto Repair Shop

    This established and profitable automotive repair shop in West Palm Beach presents a turnkey opportunity. The business generates over $750,000 in annual revenue and is priced at $295,000. The operation has demonstrated consistent financial performance over 30 consecutive years. The 3,500 square foot workshop is fully equipped with professional-grade lifts. Two trained technicians are ready for a seamless transition. The business has established vendor relationships and supply chain, and a loyal customer base built over years of quality service. All operating systems, processes, and SOPs are in place. Two of the mechanics will stay with the company. The property is zoned commercial and located in West Palm Beach, Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alternative Automotive Services Auto Repair Shop rockies auto Auto Repair Shop Lifesafer Ignition Interlock Factory

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Palm Beach Brake and Auto Center — 1256 5th St, West Palm Beach, FL 33409
    • Anchest Auto Glass of West Palm Beach — 1501 Belvedere Rd, West Palm Beach, FL 33406
    • PDR Mobile Auto Dent Removal & Paint — 1280 Congress Ave Suite 34, West Palm Beach, FL 33409
    • Palm Beach AC Auto — 2625 Mercer Ave, West Palm Beach, FL 33401
    • Shield Bright — 2215 Belvedere Rd, West Palm Beach, FL 33406

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.081422
    Latitude
    26.700512

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    FAQs

    What type of property is this?
    Auto shop - Turnkey automotive repair shop with established revenue in West Palm.
    Where is this auto shop located?
    The property is located at 2702 Rockey Drive West Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Profitable automotive repair shop generating over $750,000 in annual revenue.; Turnkey operation with all systems, processes, and SOPs in place.; Established business with 30 years of consistent financial performance.
    (561) 723-4280
    We can help!
    Listing Contact
    Claudette LeTexier
    Real Estate License ID: 690432
    Learn More
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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.

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