Five-Island Car Wash
For Sale
$925,000
11250 E Dr Martin Luther King Jr Boulevard, Seffner, FL 33584
Car wash facility with office and lounge areas along a high-traffic boulevard.
Property Size2,787 SF
Lot Size0.88 Acres
Price / SF$331.90
Days on Market18
Property Features for 11250 E Dr Martin Luther King Jr Boulevard
General Information
Standard status
Active
Size
2,787 SF
Lot size
0.88 Acres
Site & Location
Traffic Count
38,000 vehicles/day
Road Access
Yes
Additional Details
Car Wash Bays
5
Amenities
office
lounge
Building Details
Year Built
2000
Buildings
1
Listing Agency:
PARADISE REALTY AND INVESTMENT GROUP INC
(786) 731-1168
Listed By:
Luis Callejas · License #3395592
Source:
Livewelltampabay
Added: Aug 13
Changed: Aug 29
Last Checked: Aug 29 at 8:16PM
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
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.
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 = 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 - 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 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: 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
