Established Auto Repair Shop For
715 WEST WATERS AVENUE Tampa, FL 33604
715 WEST WATERS AVENUE, Tampa, FL, 33604
$1,595,000
For Sale
$1,595,000
Auto repair shop on 0.46 acres with owner financing.
Property Size4,000 SF
Lot Size0.46 Acres
Price / SF$398.75
Days on Market1233
Property Features for 715 WEST WATERS AVENUE
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.46 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1998
Listing Agency
RE/MAX SUNSET REALTY
(727) 863-2402
Listed by
FRANK FEKETE, LLC · License #3039291
Source
Corcoran
Added: Mar 6, 2023 Updated: Jul 6 at 9:59 am Checked: Jul 20 at 3:53 am
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 RE/MAX SUNSET REALTY
Investment Insights
Based on property information with market context.
The property at 715 W WATERS AVE is an established custom exhaust auto repair shop for sale. The real estate consists of 4176 square feet under roof on 0.46 acres. The fenced property features 5 bays, 4 exterior lifts, a sales office, bathrooms, a storage room/area, and signage. The sale includes all inventory and equipment, excluding mechanics' personal tools. The property is zoned Commercial General. The business is available for sale separately. Owner financing is available. The property has great visibility on a main thoroughfare in Tampa, Florida.
Key Highlights
- Established auto repair shop with high visibility on a main thoroughfare.
- Includes real estate: 4176 SF building on 0.46 acres.
- Equipped with 5 bays and 4 exterior lifts.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.4k | $18.36 |
| − Vacancy | −$4.0k | −$1.01 |
| EGI | $69.4k | $17.35 |
| − OpEx | −$20.8k | −$5.21 |
| NOI | $48.6k | $12.15 |
4,000 SF · lease $18.36/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$694.0K
$607.3K – $809.7K
NOI $48,581 @ 7.0% cap · market cap 3.05%
Second Best
Retail
$680.4K
$595.4K – $793.8K
NOI $47,628 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$931.9K
$815.4K – $1.09M
NOI $65,232 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mad Hatter Muffler ...
Auto Repair Shop
Lulu's Garage
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
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- Dacco — tampa, fl 33604
FAQs
What type of property is this?
Auto shop - Auto repair shop on 0.46 acres with owner financing.
Where is this auto shop located?
The property is located at 715 WEST WATERS AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Established auto repair shop with high visibility on a main thoroughfare.; Includes real estate: 4176 SF building on 0.46 acres.; Equipped with 5 bays and 4 exterior lifts.
