Freestanding 7-Bay Automotive Repair
For Sale
$1,750,000
1137 US Highway 19, Holiday, FL 34691
Turnkey automotive facility on US Highway 19 with seven drive-in bays, five vehicle lifts, and an alignment machine.
Property Size5,000 SF
Lot Size0.50 Acres
Price / SF$350
Days on Market34
Property Features for 1137 US Highway 19
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.50 Acres
Property subtype
Industrial
Zoning
C2
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
7
Service Bays
7
Building Details
Building Size
5,000 SF
Year Built
1986
Construction
concrete block
Listing Agency:
Grimaldi Commercial Realty Corp
(314) 477-1593
Listed By:
Jordan Levy · License #FL #SL3607889
(314) 477-1593
Source:
Grimaldicommercialrealty
Added: Jul 9
Changed: Aug 8
Last Checked: Aug 11 at 5:21AM
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 Grimaldi Commercial Realty Corp
Investment Insights
Based on property information with market context.
This turnkey automotive facility is housed in a freestanding concrete block structure totaling 5,000 SF on a 0.50-acre commercial lot. The shop includes seven drive-in service bays, with six bays at 12-foot height and one 10-foot bay, sized for a range of vehicles including larger commercial trucks and vans. Operational equipment is in place with five functioning vehicle lifts and a precision alignment machine. The facility also includes three 110-gallon oil storage containers to support fluid management.
Located directly on US Highway 19 in Holiday, Florida, the property offers approximately 119 feet of direct highway frontage along a heavily traveled corridor. The site is also described as having ample customer parking.
The property is identified as C2-zoned, with stated flexibility for uses including auto repair, auto sales, parts distribution, or redevelopment, supporting a variety of commercial scenarios for an owner-operator or investor.
Located directly on US Highway 19 in Holiday, Florida, the property offers approximately 119 feet of direct highway frontage along a heavily traveled corridor. The site is also described as having ample customer parking.
The property is identified as C2-zoned, with stated flexibility for uses including auto repair, auto sales, parts distribution, or redevelopment, supporting a variety of commercial scenarios for an owner-operator or investor.
Key Highlights
- 5,000 SF freestanding concrete block automotive facility built in 1986 on a 0.50‑acre lot
- Approximately 119 ft of direct US Highway 19 frontage in Holiday, Florida
- Seven drive‑in service bays: six 12‑ft‑tall bays and one 10‑ft bay
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
$49,088
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
2.81%
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%
$981,760
$981.8K
Cap Rate 7%
$701,257
$701.3K
Cap Rate 9%
$545,422
$545.4K
Market Conditions
NOI Build-Up for 5,000 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
$75.0K $15.00/SF
− Vacancy
−$4.9K −$0.98/SF
EGI
$70.1K $14.03/SF
− OpEx
−$21.0K −$4.21/SF
NOI
$49.1K $9.82/SF
Area
Pasco County, FL
Vacancy
6.50%
Lease Rate
$15.00 /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%
$981,760
Cap Rate 7%
$701,257
Cap Rate 9%
$545,422
Alternative Uses
Best Use
Retail
$701.3K
$613.6K – $818.1K
NOI $49,088 @ 7.0% cap · market cap 2.81%
Second Best
Industrial
$573.1K
$501.5K – $668.7K
NOI $40,119 @ 7.0% cap · market cap 2.29%
Theoretical Best
Office A
$1.14M
$996.6K – $1.33M
NOI $79,728 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Drive-in doors
7
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
832
Businesses Nearby
16k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Groceries 24%
Shops & Services 17%
Electronics 9%
SUBWAY
Dining
4,354 visits/mo
0.3 miles
Save-A-Lot
Groceries
3,895 visits/mo
0.5 miles
Little Caesars Pizza
Dining
3,627 visits/mo
0.3 miles
Fifth Third Bank & ATM
Shops & Services
1,813 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
1,405 visits/mo
0.3 miles
Demographics for 34691, FL
23,688
Population
12,265
Households
1.9
Avg Household Size
44
Median Age
16%
College-Educated
92%
High-School Grad
7.8 sq mi
ZIP Area
3,037
Density / Sq Mi
$48,387
Median Household Income
$40,729
Median Earnings
$1,208
Median Rent
$172,100
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.
Similar Off Market Nearby
- Diamond Mobile Detailing — 1234 home address rd, holiday, fl 34690
- Ferman Chevrolet - Tarpon Springs Service — 43520 US Hwy 19 N, Tarpon Springs, FL 34689
- Body Shop Office — 43520 US Hwy 19 N, Tarpon Springs, FL 34689
- Twisted Wrench Garage — 1800 N Pinellas Ave, Tarpon Springs, FL 34689
- Ferman Collision Center - Tarpon Springs — 43520 US Hwy 19 N c, Tarpon Springs, FL 34689
Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey automotive facility on US Highway 19 with seven drive-in bays, five vehicle lifts, and an alignment machine.
Where is this auto shop located?
The property is located at 1137 US Highway 19 Holiday, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 5,000 SF freestanding concrete block automotive facility built in 1986 on a 0.50‑acre lot; Approximately 119 ft of direct US Highway 19 frontage in Holiday, Florida; Seven drive‑in service bays: six 12‑ft‑tall bays and one 10‑ft bay
