Automotive Retail Property with CBS
5670 Laurel Avenue Stock Island, FL 33040
For Sale
$1,950,000
COMMERCIAL - Stock Island, FL
Property Size5,258 SF
Lot Size0.29 Acres
Price / SF$370.86
Days on Market543
Property Features for 5670 Laurel Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MU - Mixed Use District
Appliances
No Appliances
Standard status
Active
APN
00124410-000000
Size
5,258 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BK 31 LT 7 AND LT 8 STOCK ISLAND MALONEY SUB PB1-55 G67-18 G73-110 OR624-88 OR624-89 OR522-377 OR796-2190 OR826-1492 OR8
Tax Annual Amount
5862
Utilities
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1980
Floors in Building
1
Number of units
2
Building materials
Concrete
Roof type
Other
Listing Agency:
RE/MAX Keys Connection (KW)
(305) 296-1400
Listed By:
Curtis A Skomp, CCIM · License #586474
(305) 296-1400
Added: Jan 30, 2025
Changed: Jul 21
Last Checked: Jul 27 at 2:06PM
MLS# 613508
Copyright © 2026 Florida Keys Board of REALTORS®. 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 mixed-use zoned commercial property includes two contiguous lots with a combined frontage and depth of 100 feet by 125 feet on Laurel Ave. The site features a large ground-level CBS building in fair condition with covered and outdoor work areas, supporting automotive-related operations and retail use. Part of the building is owner occupied and a portion is currently leased to a cycle shop for rental income.
The property is located behind a free-standing CVS at MM 5 and provides convenient access to Overseas Hwy. It is identified in an AE flood zone. The listing notes occupational licenses for public service marine repair, towing & salvage, retail sales, and auto repair, detailing, towing, and rentals.
Occupying space and adjacent development are established on the site; the adjoining properties both have newer built structures, and the seller indicates that a new building may be considered.
The property is located behind a free-standing CVS at MM 5 and provides convenient access to Overseas Hwy. It is identified in an AE flood zone. The listing notes occupational licenses for public service marine repair, towing & salvage, retail sales, and auto repair, detailing, towing, and rentals.
Occupying space and adjacent development are established on the site; the adjoining properties both have newer built structures, and the seller indicates that a new building may be considered.
Key Highlights
- Mixed use (MU) commercial property on Laurel Ave on Stock Island with access to Overseas Hwy.
- Two 50' x 125' lots totaling 100' frontage x 125' deep on Laurel Ave.
- Includes a large 5,258 SF CBS building (ground level) in fair condition; concrete construction.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.6k | $21.60 |
| − Vacancy | −$11.7k | −$2.22 |
| EGI | $101.9k | $19.38 |
| − OpEx | −$30.6k | −$5.81 |
| NOI | $71.3k | $13.56 |
5,258 SF · lease $21.60/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.02M
$891.4K – $1.19M
NOI $71,312 @ 7.0% cap · market cap 3.66%
Second Best
Industrial
$1.01M
$883.0K – $1.18M
NOI $70,639 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$2.11M
$1.85M – $2.47M
NOI $148,048 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
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Frequently Asked Questions
What type of property is this?
Auto shop - CBS building with covered and outdoor work areas on two lots, including part owner-occupied and part leased.
Where is this auto shop located?
The property is located at 5670 Laurel Avenue Stock Island, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Mixed use (MU) commercial property on Laurel Ave on Stock Island with access to Overseas Hwy.; Two 50' x 125' lots totaling 100' frontage x 125' deep on Laurel Ave.; Includes a large 5,258 SF CBS building (ground level) in fair condition; concrete construction.
