Automotive Repair Facility with
For Sale
$1,774,999
105 NE 1st Road, Homestead, FL 33030
Turnkey repair facility with 10 service bays, strong on-site parking, and a B-3 zoning designation.
Property Size4,160 SF
Lot Size0.34 Acres
Price / SF$426.68
Days on Market63
Property Features for 105 NE 1st Road
General Information
Standard status
Active
Size
4,160 SF
Total Parking Spaces
15
Lot size
0.34 Acres
Zoning
6600
Additional Details
Business Included
Yes
Clear Height
14 ft
Service Bays
10
Taxes and HOA fees
Annual Taxes
$8,914
Building Details
Building Size
4,160 SF
Year Built
1976
Listing Agency:
The Keyes Company
Listed By:
George Reyes · License #3382387
(305) 986-4747
Source:
Laerrealty
Added: Jul 4
Changed: Sep 4
Last Checked: Jul 7 at 3:24AM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This well-established automotive repair facility is being offered as a turnkey sale that includes both the business and the real estate. The property includes a 4,160 SF purpose-built building configured for service operations, supported by 10 open service bays and approximately 14-foot clear height. An office area of approximately 1,250 SF with a mezzanine is also included, providing space for administration and coordination of day-to-day operations. The site further supports customer and employee needs with 15+ on-site parking spaces.
The property is located near the Downtown Historic District in the City of Homestead, with convenient access to Miami Dade College and US-1. The location is described as minutes from City Hall and the Police Station, supporting everyday accessibility for both customers and staff.
With B-3 zoning, the site supports a wide range of commercial uses, making it suitable for an automotive owner-operator seeking an operational shop layout or an investor looking for a facility already designed for service work. The offering notes a proven continuous operating history of over 35 years and includes recent recertification. Seller financing is also available.
The property is located near the Downtown Historic District in the City of Homestead, with convenient access to Miami Dade College and US-1. The location is described as minutes from City Hall and the Police Station, supporting everyday accessibility for both customers and staff.
With B-3 zoning, the site supports a wide range of commercial uses, making it suitable for an automotive owner-operator seeking an operational shop layout or an investor looking for a facility already designed for service work. The offering notes a proven continuous operating history of over 35 years and includes recent recertification. Seller financing is also available.
Key Highlights
- Automotive repair facility includes business and real estate with over 35 years of continuous operation
- 4,160 SF automotive service building purpose‑built for service with 10 open service bays and approx. 14‑foot clear height
- 15,000 SF lot with 15+ on‑site parking spaces for customer and employee access
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
$70,342
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
3.96%
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%
$1,406,840
$1.4M
Cap Rate 7%
$1,004,886
$1.0M
Cap Rate 9%
$781,578
$781.6K
Market Conditions
NOI Build-Up for 4,160 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
$109.8K $26.40/SF
− Vacancy
−$9.3K −$2.24/SF
EGI
$100.5K $24.16/SF
− OpEx
−$30.1K −$7.25/SF
NOI
$70.3K $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /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%
$1,406,840
Cap Rate 7%
$1,004,886
Cap Rate 9%
$781,578
Alternative Uses
Best Use
Retail
$1.00M
$879.3K – $1.17M
NOI $70,342 @ 7.0% cap · market cap 3.96%
Second Best
Industrial
$641.6K
$561.4K – $748.5K
NOI $44,910 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,738 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
10
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,155
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33030, FL
36,776
Population
11,217
Households
3.3
Avg Household Size
33
Median Age
15%
College-Educated
61%
High-School Grad
17.6 sq mi
ZIP Area
2,090
Density / Sq Mi
$43,231
Median Household Income
$28,214
Median Earnings
$1,307
Median Rent
$382,200
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.
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Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey repair facility with 10 service bays, strong on-site parking, and a B-3 zoning designation.
Where is this auto shop located?
The property is located at 105 NE 1st Road Homestead, FL.
What is the asking price?
The asking price for this property is $1,774,999.
What are key features of this property?
This property features: Automotive repair facility includes business and real estate with over 35 years of continuous operation; 4,160 SF automotive service building purpose‑built for service with 10 open service bays and approx. 14‑foot clear height; 15,000 SF lot with 15+ on‑site parking spaces for customer and employee access
