Car Wash with Five Wash
For Sale
$925,000
11250 E DR MARTIN LUTHER KING JR Boulevard, Seffner, FL 33584
Commercial Sale, SEFFNER, FL
Property Size2,787 SF
Lot Size0.88 Acres
Price / SF$331.90
Days on Market657
Property Features for 11250 E DR MARTIN LUTHER KING JR Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PD
Subdivision
UNPLATTED
Directions
On Interstate 75 take exit 260 to the East, turn right onto Lakewood Drive, then right and you will arrive at the Shopping Center where Winn Dixie is located. On the right, in front of Martin Luther King Jr Blvd, is the property.
Standard status
Active
APN
U-04-29-20-ZZZ-000002-36760.0
Lot size
0.88 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
COM AT SW COR OF SE 1/4 THN N 00 DEG 01 MIN 36 SEC W 35 FT THN N 00 DEG 01 MIN 36 SEC W 87.50 FT TO INTERSECTION OF NLY R/W LINE OF DR MARTIN LUTHER KING JR BV AND ELY R/W LINE OF LAKEWOOD DR THN S 51 DEG 57 MIN 13 SEC E 37.12 FT THN N 89 DEG 57 MIN 38 SEC E 200 FT THN S 86 DEGG 46 MIN 09 SEC E 210.34 FT THN N 89 DEG 57 MIN 38 SEC E 189.76 FT TO POB THN N 00 DEG 01 MIN 35 SEC W 230.70 FT THN E 147.17 FT THN S 47.72 FT THN S 25 DEG 10 MIN 12 SEC E 77.03 FT THN S 00 DEG 01 MIN 35 SEC E 109 FT THN S 88 DEG 41 MIN 13 SEC W 174.36 FT THN S 89 DEG 57 MIN 38 SEC W 5.69 FT TO POB
Tax Annual Amount
12957
Legal Description
COM AT SW COR OF SE 1/4 THN N 00 DEG 01 MIN 36 SEC W 35 FT THN N 00 DEG 01 MIN 36 SEC W 87.50 FT TO INTERSECTION OF NLY R/W LINE OF DR MARTIN LUTHER KING JR BV AND ELY R/W LINE OF LAKEWOOD DR THN S 51 DEG 57 MIN 13 SEC E 37.12 FT THN N 89 DEG 57 MIN 38 SEC E 200 FT THN S 86 DEGG 46 MIN 09 SEC E 210.34 FT THN N 89 DEG 57 MIN 38 SEC E 189.76 FT TO POB THN N 00 DEG 01 MIN 35 SEC W 230.70 FT THN E 147.17 FT THN S 47.72 FT THN S 25 DEG 10 MIN 12 SEC E 77.03 FT THN S 00 DEG 01 MIN 35 SEC E 109 FT THN S 88 DEG 41 MIN 13 SEC W 174.36 FT THN S 89 DEG 57 MIN 38 SEC W 5.69 FT TO POB
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
Office
Lounge
Building Details
Year built
2000
Floors in Building
1
Flooring type
Concrete, Tile - Ceramic
Building materials
Block
Listing Agency:
PARADISE REALTY AND INVESTMENT GROUP INC · NextHome
(954) 225-0118
Listed By:
Luis Callejas · License #3395592
(786) 731-1168
Added: Nov 19, 2024
Changed: Sep 5
Last Checked: Sep 7 at 12:06PM
MLS# TB8323127
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This car wash property occupies 0.88 acres and includes a 2,787-square-foot structure with office and lounge areas. The facility has five car wash islands, block construction, ceramic tile and concrete flooring, and was built in 2000. Public water and public sewer serve the property, which is zoned PD.
The site provides 172 linear feet of frontage along E Dr Martin Luther King Jr Boulevard in Seffner, Florida. Reported traffic exceeds 38,000 vehicles daily. The property includes 38,332 square feet of land and is positioned for continued commercial use within Hillsborough County.
The site provides 172 linear feet of frontage along E Dr Martin Luther King Jr Boulevard in Seffner, Florida. Reported traffic exceeds 38,000 vehicles daily. The property includes 38,332 square feet of land and is positioned for continued commercial use within Hillsborough County.
Key Highlights
- Five car wash islands within the existing facility
- 2,787‑square‑foot car wash structure with office and lounge areas
- 38,332 square feet of land on 0.88 acres
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
$33,849
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
3.66%
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%
$676,980
$677.0K
Cap Rate 7%
$483,557
$483.6K
Cap Rate 9%
$376,100
$376.1K
Market Conditions
NOI Build-Up for 2,787 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
$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 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%
$676,980
Cap Rate 7%
$483,557
Cap Rate 9%
$376,100
Alternative Uses
Best Use
Industrial
$483.6K
$423.1K – $564.2K
NOI $33,849 @ 7.0% cap · market cap 3.66%
Second Best
Specialty Retail
$442.5K
$387.2K – $516.3K
NOI $30,978 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$807.1K
$706.2K – $941.7K
NOI $56,499 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Car wash - Block construction includes dedicated office and lounge areas alongside the customer wash operation.
Where is this car wash located?
The property is located at 11250 E DR MARTIN LUTHER KING JR Boulevard 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: Five car wash islands within the existing facility; 2,787‑square‑foot car wash structure with office and lounge areas; 38,332 square feet of land on 0.88 acres
