Auto Shop With Office
101 NW 3rd Street, Boca Raton, FL 33432
For Sale
Contact for pricing
Built in 1960, the property provides parking and downtown access adjacent to the Brightline station.
Property Size180 SF
Days on Market205
Property Features for 101 NW 3rd Street
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Building Details
Building Size
Year Built
Owner Occupied
Listing Agency:
MLS Properties & Investments
Listed By:
Michelle L Schaffner · License FL #3076256
(561) 239-9859
Source:
Scottandrachelle
Added: Apr 21
Changed: Nov 4
Last Checked: Nov 10 at 6:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MLS Properties & Investments
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Investment Insights
Based on property information with market context.
This 1960-built auto shop includes a distinct office area alongside the body shop operation. The property also provides ample parking for vehicles and visitors.
Located at 101 NW 3rd Street in downtown Boca Raton, the property is adjacent to the Brightline station. Its combination of automotive workspace, separate office space, parking, and rail-station proximity supports a range of transportation-related business needs.
Located at 101 NW 3rd Street in downtown Boca Raton, the property is adjacent to the Brightline station. Its combination of automotive workspace, separate office space, parking, and rail-station proximity supports a range of transportation-related business needs.
Key Highlights
- Body shop property with a separate office area
- Built in 1960
- Ample parking on the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,943
Suggested Prices Based on Cap Rates
Cap Rate 5%
$38,860
$38.9K
Cap Rate 7%
$27,757
$27.8K
Cap Rate 9%
$21,589
$21.6K
Market Conditions
NOI Build-Up for 180 SF
Gross rent
$2.9K $16.32/SF
− Vacancy
−$162 −$0.90/SF
EGI
$2.8K $15.42/SF
− OpEx
−$833 −$4.63/SF
NOI
$1.9K $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 Rate 5%
$38,860
Cap Rate 7%
$27,757
Cap Rate 9%
$21,589
Alternative Uses
Best Use
Office B
$82.0K
$71.8K – $95.7K
NOI $5,742 @ 7.0% cap
Second Best
Retail
$31.2K
$27.3K – $36.4K
NOI $2,186 @ 7.0% cap
Theoretical Best
Office A
$126.8K
$110.9K – $147.9K
NOI $8,874 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,903
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33432, FL
22,061
Population
14,405
Households
1.5
Avg Household Size
52
Median Age
58%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
4,796
Density / Sq Mi
$94,375
Median Household Income
$54,481
Median Earnings
$2,226
Median Rent
$943,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Gaff’s Mobile Tires — 285 SW 5th St, Boca Raton, FL 33432
- 247 TowTruck Boca Raton FL — 410 via de palmas, boca raton, fl 33432
- Street Knight Customs — 259 SE 1st Ave. # 4, Boca Raton, FL 33432
- Tire Kingdom — 199 NW 1st Ave, Boca Raton, FL 33432
- Windshield 911 of Boca Raton — 102 NE 2nd St, Boca Raton, FL 33432
Frequently Asked Questions
What type of property is this?
Auto shop - Built in 1960, the property provides parking and downtown access adjacent to the Brightline station.
Where is this auto shop located?
The property is located at 101 NW 3rd Street Boca Raton, FL.
What are key features of this property?
This property features: Body shop property with a separate office area; Built in 1960; Ample parking on the property
