Highway Frontage Automotive
For Sale
$225,000
15050 NE US HIGHWAY 301, Waldo, FL 32694
Automotive property with highway frontage, suitable for retail.
Property Size1,530 SF
Price / SF$147.06
Days on Market229
Property Features for 15050 NE US HIGHWAY 301
General Information
Standard status
Active
Size
1,530 SF
Zoning
COMM
Taxes and HOA fees
Annual Taxes
$2,113
Amenities
Bathrooms, Fencing, Loft, Outside Storage, Waiting Room
Sidewalks
Wall/Window Unit(s)
Electric, Ductless
Storage
Building Details
Building Size
1,530 SF
Year Built
2003
Stories
1
Listing Agency:
WATSON REALTY CORP
(321) 615-1085
Listed By:
Marcia Savorelli · License #3205872
(321) 615-1085
Source:
Evrealestate
Added: Dec 22, 2025
Changed: Aug 8
Last Checked: Jul 15 at 9:19PM
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 WATSON REALTY CORP
Investment Insights
Based on property information with market context.
The property is located on US Highway 301, approximately 0.5 miles north of the Waldo Flea Market. Situated on the east side of the highway at 15050 NE US Highway 301, it is currently the home of Clyde’s Tires & Brakes. The property offers 1530 square feet of space and is suitable for auto shops, automotive properties, retail spaces, and general commercial real estate purposes.
Key Highlights
- Located on US Highway 301
- Includes storage
- Heating: Electric, Ductless
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
$16,699
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
7.42%
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%
$333,980
$334.0K
Cap Rate 7%
$238,557
$238.6K
Cap Rate 9%
$185,544
$185.5K
Market Conditions
NOI Build-Up for 1,530 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
$26.1K $17.04/SF
− Vacancy
−$2.2K −$1.45/SF
EGI
$23.9K $15.59/SF
− OpEx
−$7.2K −$4.68/SF
NOI
$16.7K $10.91/SF
Area
Alachua County, FL
Vacancy
8.50%
Lease Rate
$17.04 /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%
$333,980
Cap Rate 7%
$238,557
Cap Rate 9%
$185,544
Alternative Uses
Best Use
Retail
$238.6K
$208.7K – $278.3K
NOI $16,699 @ 7.0% cap · market cap 7.42%
Second Best
Industrial
$148.3K
$129.7K – $173.0K
NOI $10,378 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$385.7K
$337.5K – $450.0K
NOI $27,000 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32694, FL
1,962
Population
1,305
Households
1.5
Avg Household Size
48
Median Age
24%
College-Educated
84%
High-School Grad
29.3 sq mi
ZIP Area
67
Density / Sq Mi
$40,455
Median Household Income
$36,862
Median Earnings
$673
Median Rent
$121,300
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
- Clydes Tire & Brake — 15050 US-301, Waldo, FL 32694
- BetterWay Commercial Tires Road Service — 14484 Hamilton Ave B321, Waldo, FL 32694
- mechanics77racing — 16016 NE US Hwy 301, Waldo, FL 32694
- Minnix's Paint & Body Shop — 15720 US-301, Waldo, FL 32694
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive property with highway frontage, suitable for retail.
Where is this auto shop located?
The property is located at 15050 NE US HIGHWAY 301 Waldo, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Located on US Highway 301; Includes storage; Heating: Electric, Ductless
