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    1198 Pasadena Ave S South Pasadena, FL 33707

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    For Sale
    $2,090,909

    NNN leased Take 5 Oil Change in South Pasadena, Florida.

    Property size:
    1,418 SF
    Lot size:
    0.47 Acres

    Property Features for 1198 Pasadena Ave S

    General Information

    Size
    1,418 SF
    Lot size
    0.47 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Take 5 Oil Change

    The property at 1198 Pasadena Avenue South, South Pasadena, Florida, is a Take 5 Oil Change situated on an estimated 0.46-acre parcel. The building has approximately 1418 rentable square feet of space. It is subject to a 20-year Triple Net (NNN) lease that commences upon the close of escrow. The annual rent is $115,000, with scheduled increases of 1.50% annually. The property is suitable for auto shops, automotive properties, retail properties, NNN properties, and specialty properties.
    Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Cr8tive Enterpises, Dent-Tech PDR INC, Ahern’s Auto Care, 1 Stop Auto Repair & Services L.L.C, Eco Fleet services llc

    Location Insight

    • Map
    • Local Demand
    City
    South Pasadena
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7360416
    Latitude
    27.7580006

    Nearby Similar for Sale

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      Duplex in South Pasadena with pool, great investment opportunity.
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    FAQs

    What type of property is this?
    Auto shop - NNN leased Take 5 Oil Change in South Pasadena, Florida.
    Where is this auto shop located?
    The property is located at 1198 Pasadena Ave S South Pasadena, FL.
    What is the asking price?
    The asking price for this property is $2,090,909.
    What are key features of this property?
    This property features: - Brand new 20-year Triple Net (NNN) lease provides a long-term, low-management investment opportunity.; - Annual rent of $115,000 offers immediate income upon close of escrow.; - 1.50% annual rent increases provide a hedge against inflation and increasing returns.
    (332) 345-2408
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1198 Pasadena Ave S South Pasadena, FL 33707
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