Winter Haven Gas Station
For Sale
Contact for pricing
1509 Havendale Blvd NW, Winter Haven, FL 33880
Fully operational gas station with multiple revenue streams.
Property Size4,200 SF
Lot Size0.62 Acres
Price / SF$416.67
Days on Market183
Property Features for 1509 Havendale Blvd NW
General Information
Standard status
Active
Size
4,200 SF
Class
B
Lot size
0.62 Acres
Property subtype
Business for Sale, Retail
Zoning
Commercial Business
Investment Type
Owner/User
Building Details
Year Renovated
2025
Buildings
2
Units
3
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Orlando
(407) 620-2416
Listed By:
Yassin Benkabbou · License #SL3420471
Source:
Crexi
Added: Feb 21
Changed: Aug 8
Last Checked: Aug 8 at 6:38AM
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 Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
The property at 1509 Havendale Blvd NW in Winter Haven, Florida, is a fully operational gas station and automotive service property situated on 0.62 acres (27,057 SF). The property features a convenience store with a fuel canopy, an automatic car wash, and a separate automotive repair garage, offering multiple revenue streams. The improvements total approximately 4,200 square feet of heated building area and 7,460 square feet under roof, including canopy areas. Originally constructed in 1969 and 1973, the property underwent renovations in 2025, including roof updates and modernization improvements. The fuel infrastructure includes four dispensers (eight fueling positions), double-wall underground storage tanks consisting of 12,000 gallons regular and 8,000 gallons premium capacity, and refurbished 2022 pumps with a remaining warranty. The asset benefits from a long-term 9-year remaining fuel supply agreement. The separate 2,400 SF automotive repair building provides immediate income upside, with market rent for the garage approximately $4,500 per month. A mechanic is prepared to sign a 10-year lease. Within a 5-mile radius, the population has increased from 103,004 in 2020 to 114,707 in 2024 and is projected to reach 138,197 by 2029. Household growth mirrors this trend, with over 53,000 households projected within five miles by 2029. Average household incomes approach $72,000 within a 5-mile radius, and total consumer spending exceeds $1.2 billion annually. The property has commercial / industrial zoning.
Key Highlights
- Diversified income streams from gas station, convenience store, car wash, and automotive repair garage.
- Long‑term (9‑year remaining) fuel supply agreement provides operational stability.
- Significant population and household growth in the 5‑mile radius, projecting strong demand.
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
$54,606
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
3.12%
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%
$1,092,120
$1.1M
Cap Rate 7%
$780,086
$780.1K
Cap Rate 9%
$606,733
$606.7K
Market Conditions
NOI Build-Up for 4,200 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
$78.1K $18.60/SF
− Vacancy
−$5.3K −$1.26/SF
EGI
$72.8K $17.34/SF
− OpEx
−$18.2K −$4.33/SF
NOI
$54.6K $13.00/SF
Area
Polk County, FL
Vacancy
6.80%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,092,120
Cap Rate 7%
$780,086
Cap Rate 9%
$606,733
Alternative Uses
Best Use
Specialty Retail
$780.1K
$682.6K – $910.1K
NOI $54,606 @ 7.0% cap · market cap 3.12%
Second Best
Retail
$673.8K
$589.6K – $786.1K
NOI $47,166 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$1.01M
$883.1K – $1.18M
NOI $70,651 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Explore this area
Business Placement
Demographics for 33880, FL
42,005
Population
17,055
Households
2.5
Avg Household Size
38
Median Age
17%
College-Educated
84%
High-School Grad
32.4 sq mi
ZIP Area
1,296
Density / Sq Mi
$56,803
Median Household Income
$35,051
Median Earnings
$1,128
Median Rent
$200,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Fully operational gas station with multiple revenue streams.
Where is this gas station located?
The property is located at 1509 Havendale Blvd NW Winter Haven, 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: Diversified income streams from gas station, convenience store, car wash, and automotive repair garage.; Long‑term (9‑year remaining) fuel supply agreement provides operational stability.; Significant population and household growth in the 5‑mile radius, projecting strong demand.
