Building Details

Year Built 1956

Year Renovated 2024

Buildings 1

Stories 1

Units 1

Listing Agency: Dalton Wade Inc.

Listed By: Linda Castro · License #3392783 Show Phone

Added: Jan 7 Changed: Mar 16

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Investment Insights

Based on property information with market context.

This renovated property, situated on over 1.5 acres, features direct access to US Highway 1. The property has been completely updated, including a new metal roof, columns, and back porch. The interior and exterior have been refreshed with new stucco, paint, and hardboard siding. New floors, bathroom tile, sinks, and fixtures have been installed, along with new plumbing under the slab, a new water pump, and water lines. The septic tank has been fully replaced, and new impact windows have been added. Electrical systems have been updated throughout. The property includes well and septic systems, both of which are new. There are two bathrooms, one inside and one outside, each equipped with a shower. The property offers plenty of parking and includes two bays, each measuring 28' x 17', as well as a 12' x 14' move-in-ready office. Over one acre has been cleared for storage or additional buildings. Located in Oak Hill, Florida, one of the fastest-growing areas along the coast, this property presents a significant opportunity.

Key Highlights

• Totally renovated 2024 - 1+ acres cleared for storage or additional buildings

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,471

Cap Rate

2.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$349,420 $349.4K

Cap Rate 7%

$249,586 $249.6K

Cap Rate 9%

$194,122 $194.1K

Market Conditions

NOI Build-Up for 1,855 SF

Gross rent

$27.8K $15.00/SF

− Vacancy

−$2.9K −$1.55/SF

EGI

$25.0K $13.46/SF

− OpEx

−$7.5K −$4.04/SF

NOI

$17.5K $9.42/SF

Area

Volusia County, FL

Vacancy

10.30%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$349,420

Cap Rate 7%

$249,586

Cap Rate 9%

$194,122

Alternative Uses

Best Use

Retail

$249.6K

$218.4K – $291.2K (±1% cap)

NOI $17,471 @ 7.0% cap · market cap 2.96%

Second Best

Industrial

$157.8K

$138.1K – $184.1K (±1% cap)

NOI $11,044 @ 7.0% cap · market cap 1.87%

Theoretical Best

Office A

$547.0K

$478.6K – $638.1K (±1% cap)

NOI $38,287 @ 7.0% cap · market cap 6.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Auto shops

Location Intelligence

Trade Area within ½ mile

55

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 32759, FL

2,951

Population

1,471

Households

2

Avg Household Size

56

Median Age

15%

College-Educated

86%

High-School Grad

48.7 sq mi

ZIP Area

61

Density / Sq Mi

$61,968

Median Household Income

$38,929

Median Earnings

$1,316

Median Rent

$266,600

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• TMZ Auto — 415 Ward Dr, Oak Hill, FL 32759

Frequently Asked Questions

What type of property is this?

Auto shop - 1.5+ Acres – Direct US Highway 1 Access!

Where is this auto shop located?

The property is located at 153s Us 1 Oak Hill, FL.

What is the asking price?

The asking price for this property is $590,000.

What are key features of this property?

This property features: Totally renovated 2024 - 1+ acres cleared for storage or additional buildings