Fenced Auto Repair
For Sale
$655,000
1320 US HIGHWAY 92, Winter Haven, FL 33881
Established import auto repair operation with separate customer facilities and paved parking.
Property Size2,500 SF
Price / SF$262
Days on Market524
Property Features for 1320 US HIGHWAY 92
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial/Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Business Included
Yes
Service Bays
7
Taxes and HOA fees
Annual Taxes
$1,167
Amenities
parts storage
rebuild room
outside covered work areas
shop office
restroom
waiting room
business office
paved parking
Building Details
Year Built
1987
Buildings
2
Listing Agency:
LEGACY REAL ESTATE CENTER INC
(863) 632-5573
Listed By:
Dolores Vogel · License #621090
(863) 632-5573
Source:
Exitrealty
Added: Mar 26, 2025
Changed: Aug 31
Last Checked: Aug 31 at 5:45AM
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 LEGACY REAL ESTATE CENTER INC
Investment Insights
Based on property information with market context.
This auto repair property includes a fully fenced facility with 7 service bays, 3 lifts, parts storage, a rebuild room, covered exterior work areas, a shop office, and a restroom. A separate customer building provides a waiting room, restroom, and business office. Paved customer parking and additional employee parking are included.
The property occupies over 1/2 acre along US Highway 92 in Winter Haven, with 180+ feet of frontage. The import auto repair business has operated for over 20 years and is positioned along the highway corridor between Winter Haven and Auburndale, with convenient in-and-out access.
The property occupies over 1/2 acre along US Highway 92 in Winter Haven, with 180+ feet of frontage. The import auto repair business has operated for over 20 years and is positioned along the highway corridor between Winter Haven and Auburndale, with convenient in-and-out access.
Key Highlights
- 7 service bays with 3 lifts
- Fully fenced facility with covered exterior work areas
- Separate customer building with waiting room, restroom, and business office
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
$28,075
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
4.29%
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%
$561,500
$561.5K
Cap Rate 7%
$401,071
$401.1K
Cap Rate 9%
$311,944
$311.9K
Market Conditions
NOI Build-Up for 2,500 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
$43.5K $17.40/SF
− Vacancy
−$3.4K −$1.36/SF
EGI
$40.1K $16.04/SF
− OpEx
−$12.0K −$4.81/SF
NOI
$28.1K $11.23/SF
Area
Polk County, FL
Vacancy
7.80%
Lease Rate
$17.40 /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%
$561,500
Cap Rate 7%
$401,071
Cap Rate 9%
$311,944
Alternative Uses
Best Use
Retail
$401.1K
$350.9K – $467.9K
NOI $28,075 @ 7.0% cap · market cap 4.29%
Second Best
Industrial
$170.4K
$149.1K – $198.8K
NOI $11,926 @ 7.0% cap · market cap 1.82%
Theoretical Best
Office A
$600.8K
$525.7K – $700.9K
NOI $42,054 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Service bays
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33881, FL
38,369
Population
17,948
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
85%
High-School Grad
21.9 sq mi
ZIP Area
1,752
Density / Sq Mi
$53,867
Median Household Income
$33,941
Median Earnings
$1,153
Median Rent
$177,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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- Scott's Transmissions — 1415 S Lake Shore Way, Lake Alfred, FL 33850
Frequently Asked Questions
What type of property is this?
Auto shop - Established import auto repair operation with separate customer facilities and paved parking.
Where is this auto shop located?
The property is located at 1320 US HIGHWAY 92 Winter Haven, FL.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: 7 service bays with 3 lifts; Fully fenced facility with covered exterior work areas; Separate customer building with waiting room, restroom, and business office
