Building Details

Building Size 2,787 SF

Year Built 2000

Buildings 1

Listing Agency: PARADISE REALTY AND INVESTMENT GROUP INC

Listed By: Luis Callejas · License #3395592 Show Phone

Source: Judibeck

Added: Nov 20, 2024 Changed: Oct 6 Last Checked: Oct 19 at 2:44PM

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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 PARADISE REALTY AND INVESTMENT GROUP INC

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Investment Insights

Based on property information with market context.

This car wash property includes a 2,787-square-foot structure built in 2000, with dedicated office and lounge areas supporting the facility. Five car wash islands form the core operational layout, while the site contains 38,332 square feet of land.

The property fronts E Dr Martin Luther King Jr Boulevard in Seffner, Florida, with 172 linear feet along the roadway. Reported traffic exceeds 38,000 vehicles daily, providing substantial passing exposure for a car wash operation.

Key Highlights

• 2,787‑square‑foot car wash structure built in 2000
• Five car wash islands with office and lounge areas
• 38,332 square feet of land

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,849

Cap Rate

3.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$676,980 $677.0K

Cap Rate 7%

$483,557 $483.6K

Cap Rate 9%

$376,100 $376.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,787 SF

Gross rent

$51.2K $18.36/SF

− Vacancy

−$2.8K −$1.01/SF

EGI

$48.4K $17.35/SF

− OpEx

−$14.5K −$5.21/SF

NOI

$33.8K $12.15/SF

Area

Hillsborough County, FL

Vacancy

5.50%

Lease Rate

$18.36 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$676,980

Cap Rate 7%

$483,557

Cap Rate 9%

$376,100

Alternative Uses

Best Use

Industrial

$483.6K

$423.1K – $564.2K (±1% cap)

NOI $33,849 @ 7.0% cap · market cap 3.66%

Second Best

Specialty Retail

$442.5K

$387.2K – $516.3K (±1% cap)

NOI $30,978 @ 7.0% cap · market cap 3.35%

Theoretical Best

Office A

$807.1K

$706.2K – $941.7K (±1% cap)

NOI $56,499 @ 7.0% cap · market cap 6.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Tampa Auto Spa Car Wash

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Parking Lot & Garage Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

38,000 VPD

Traffic count

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

404

Businesses Nearby

148k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 51% Groceries 28% Dining 19% Electronics 2%

Wawa Shops & Services

49,451 visits/mo 0.4 miles

Winn-Dixie Groceries

21,771 visits/mo 0.1 miles

Aldi Groceries

20,015 visits/mo 0.4 miles

Burger King Dining

18,270 visits/mo 0.1 miles

Amscot Shops & Services

6,459 visits/mo 0.0 miles

Demographics for 33584, FL

27,503

Population

10,906

Households

2.5

Avg Household Size

39

Median Age

26%

College-Educated

88%

High-School Grad

19.2 sq mi

ZIP Area

1,432

Density / Sq Mi

$68,330

Median Household Income

$42,648

Median Earnings

$1,379

Median Rent

$280,700

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Car wash - Car wash facility with office and lounge areas along a high-traffic boulevard.

Where is this car wash located?

The property is located at 11250 E DR MARTIN LUTHER KING JR BLVD Seffner, FL.

What is the asking price?

The asking price for this property is $925,000.

What are key features of this property?

This property features: 2,787‑square‑foot car wash structure built in 2000; Five car wash islands with office and lounge areas; 38,332 square feet of land