Five-Bay Automotive Repair
New
For Sale
$1,299,900
11 W MAGNOLIA, Davenport, FL 33837
Fenced commercial facility with oversized vehicle service bays, an office, and a restroom.
Property Size3,670 SF
Days on Market2
Property Features for 11 W MAGNOLIA
General Information
Standard status
Active
Size
3,670 SF
Property subtype
Industrial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Service Bays
5
Taxes and HOA fees
Annual Taxes
$3,078
Amenities
office
restroom
Building Details
Building Size
3,670 SF
Year Built
1980
Buildings
1
Listing Agency:
Loveland Properties
Listed By:
Cleve Loveland · License #602469
(407) 352-8118
Source:
Elliman
Added: Sep 11
Last Checked: Sep 12 at 9:33AM
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 Loveland Properties
Investment Insights
Based on property information with market context.
Built in 1980, this fenced automotive facility has five oversized service bays designed to accommodate larger vehicles. The building includes oversized bay doors, an office, and a restroom, and has been operated as an automotive repair shop.
The property includes the adjacent lot to the right of the building when facing the front, providing additional yard area for parking, storage, or expansion. Located at 11 W Magnolia in Davenport, the site has a Walk Score of 2 and a Bike Score of 26.
The property includes the adjacent lot to the right of the building when facing the front, providing additional yard area for parking, storage, or expansion. Located at 11 W Magnolia in Davenport, the site has a Walk Score of 2 and a Bike Score of 26.
Key Highlights
- Five oversized service bays for automotive operations
- Oversized bay doors accommodate larger vehicles
- Fenced property with office and restroom
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
$41,214
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
3.17%
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%
$824,280
$824.3K
Cap Rate 7%
$588,771
$588.8K
Cap Rate 9%
$457,933
$457.9K
Market Conditions
NOI Build-Up for 3,670 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
$63.9K $17.40/SF
− Vacancy
−$5.0K −$1.36/SF
EGI
$58.9K $16.04/SF
− OpEx
−$17.7K −$4.81/SF
NOI
$41.2K $11.23/SF
Area
Polk County, FL
Vacancy
7.80%
Lease Rate
$17.40 /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%
$824,280
Cap Rate 7%
$588,771
Cap Rate 9%
$457,933
Alternative Uses
Best Use
Retail
$588.8K
$515.2K – $686.9K
NOI $41,214 @ 7.0% cap · market cap 3.17%
Second Best
Industrial
$250.1K
$218.9K – $291.8K
NOI $17,508 @ 7.0% cap · market cap 1.35%
Theoretical Best
Office A
$881.9K
$771.7K – $1.03M
NOI $61,735 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Service bays
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33837, FL
36,302
Population
19,082
Households
1.9
Avg Household Size
40
Median Age
27%
College-Educated
90%
High-School Grad
51.3 sq mi
ZIP Area
708
Density / Sq Mi
$75,861
Median Household Income
$39,246
Median Earnings
$1,739
Median Rent
$297,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Bond Auto Glass - Haines City/Davenport/Poinciana — 1 South Blvd E Suite 2254, Davenport, FL 33836
- Seeright Automotive — 306 Cypress St W, Davenport, FL 33837
- Ace Towing Service Davenport — 123 w bay st, davenport, fl 33837
- Father & Son Auto Service — davenport, fl 33837
- Automotriz Jeinmis — 800 north blvd w, davenport, fl 33837
Frequently Asked Questions
What type of property is this?
Auto shop - Fenced commercial facility with oversized vehicle service bays, an office, and a restroom.
Where is this auto shop located?
The property is located at 11 W MAGNOLIA Davenport, FL.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: Five oversized service bays for automotive operations; Oversized bay doors accommodate larger vehicles; Fenced property with office and restroom
