Auto Shop With Vehicle
For Sale
$350,000
1335 LANE Avenue S, Jacksonville, FL 32210
Existing automotive service and vehicle sales operation with a flexible commercial layout.
Property Size3,060 SF
Days on Market124
Property Features for 1335 LANE Avenue S
General Information
Standard status
Active
Size
3,060 SF
Property subtype
Business
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,688
Building Details
Building Size
3,060 SF
Year Built
1995
Listing Agency:
FLORIDA HOMES REALTY & MTG LLC
Listed By:
DONALD EUGENE TURNER
(229) 254-9204
Source:
Houseandhavenrealty
Added: May 27
Changed: Sep 19
Last Checked: Sep 26 at 12:49PM
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 FLORIDA HOMES REALTY & MTG LLC
Investment Insights
Based on property information with market context.
Located at 1335 Lane Avenue S in Jacksonville, this commercial property is currently used for automotive repair and vehicle sales. Built in 1995, the building has a functional configuration suited to automotive service and other business operations.
The property fronts a well-traveled commercial corridor and provides access to major Jacksonville roadways. Additional uses identified for the site include machine or fabrication work, light industrial activity, fleet service, contractor operations, equipment sales, and warehouse or distribution functions. Buyers should independently verify zoning and permitted uses.
The property fronts a well-traveled commercial corridor and provides access to major Jacksonville roadways. Additional uses identified for the site include machine or fabrication work, light industrial activity, fleet service, contractor operations, equipment sales, and warehouse or distribution functions. Buyers should independently verify zoning and permitted uses.
Key Highlights
- Operating auto repair shop and car dealership
- Built in 1995
- 1335 Lane Avenue S, Jacksonville, FL
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
$28,546
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
8.16%
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%
$570,920
$570.9K
Cap Rate 7%
$407,800
$407.8K
Cap Rate 9%
$317,178
$317.2K
Market Conditions
NOI Build-Up for 3,060 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
$47.7K $15.60/SF
− Vacancy
−$3.8K −$1.25/SF
EGI
$43.9K $14.35/SF
− OpEx
−$15.4K −$5.02/SF
NOI
$28.5K $9.33/SF
Area
ZIP 32210
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$570,920
Cap Rate 7%
$407,800
Cap Rate 9%
$317,178
Alternative Uses
Best Use
Retail
$494.1K
$432.3K – $576.4K
NOI $34,585 @ 7.0% cap · market cap 9.88%
Second Best
Flex RnD
$407.8K
$356.8K – $475.8K
NOI $28,546 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$838.3K
$733.5K – $978.0K
NOI $58,679 @ 7.0% cap · market cap 16.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32210, FL
66,415
Population
29,198
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
88%
High-School Grad
21.9 sq mi
ZIP Area
3,033
Density / Sq Mi
$58,215
Median Household Income
$36,997
Median Earnings
$1,205
Median Rent
$205,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Jacksonville, FL
Questions? Ask Rey
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Similar Off Market Nearby
- Fox Specialties — 1726 Whitman St, Jacksonville, FL 32210
- Tire Kingdom — 1570 lane ave s, jacksonville, fl 32210
- Auto Technique — 1335 Lane Ave S, Jacksonville, FL 32205
- Tony Auto Repair LLC — 5933 Lenox Ave, Jacksonville, FL 32205
- Mecánico — 5933 Lenox Ave, Jacksonville, FL 32205
Frequently Asked Questions
What type of property is this?
Auto shop - Existing automotive service and vehicle sales operation with a flexible commercial layout.
Where is this auto shop located?
The property is located at 1335 LANE Avenue S Jacksonville, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Operating auto repair shop and car dealership; Built in 1995; 1335 Lane Avenue S, Jacksonville, FL
