Five-Bay Automotive Repair
For Sale
$1,169,900
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 Market49
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
Changed: Oct 25
Last Checked: Oct 28 at 9:06AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$41,214
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
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
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 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 3.52%
Second Best
Industrial
$250.1K
$218.9K – $291.8K
NOI $17,508 @ 7.0% cap · market cap 1.50%
Theoretical Best
Office A
$881.9K
$771.7K – $1.03M
NOI $61,735 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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 $1,169,900.
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
