Auto Shop with Paint
1742 Canova Street SE, Palm Bay, FL 32909
For Sale
$1,250,000
Established, licensed automotive business includes a dedicated paint booth and mixing station.
Property Size4,400 SF
Lot Size0.34 Acres
Price / SF$284.09
Days on Market718
Property Features for 1742 Canova Street SE
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Business Included
Automotive Uses
Real Estate Included
Taxes and HOA fees
Annual Taxes
Amenities
5 roll-up doors
1 paint booth
paint mixing station
impact windows
Building Details
Building Size
Year Built
Buildings
Stories
Units
Construction
Listing Agency:
Dalton Wade Inc.
Listed By:
Sean H Hartley · License FL #3317212
(321) 323-9784
Source:
Imperviousrealestate
Added: Nov 25, 2024
Changed: Nov 11
Last Checked: Nov 11 at 11:41PM
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 Dalton Wade Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,400-square-foot auto shop in Palm Bay combines a concrete block and stucco building with five roll-up doors, a paint booth, and a paint mixing station. Built in 2015, the property also features impact windows and sits on a 0.34-acre lot. Commercial zoning supports its automotive property classification.
The sale includes an established, fully licensed car dealership and paint and body shop business, operating for almost 10 years. The site provides room for customer vehicles and work activity.
The sale includes an established, fully licensed car dealership and paint and body shop business, operating for almost 10 years. The site provides room for customer vehicles and work activity.
Key Highlights
- 4,400‑square‑foot auto shop built in 2015
- Five roll‑up doors, one paint booth, and a paint mixing station
- 0.34‑acre lot with space for customer cars and work activity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,728
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,560
$1.0M
Cap Rate 7%
$724,686
$724.7K
Cap Rate 9%
$563,644
$563.6K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$79.2K $18.00/SF
− Vacancy
−$6.7K −$1.53/SF
EGI
$72.5K $16.47/SF
− OpEx
−$21.7K −$4.94/SF
NOI
$50.7K $11.53/SF
Area
Palm Bay, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,560
Cap Rate 7%
$724,686
Cap Rate 9%
$563,644
Alternative Uses
Best Use
Retail
$724.7K
$634.1K – $845.5K
NOI $50,728 @ 7.0% cap · market cap 4.06%
Second Best
Industrial
$601.9K
$526.7K – $702.2K
NOI $42,134 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,259 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
69k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 96%
Hotels & Casinos 4%
RaceTrac
Shops & Services
47,852 visits/mo
0.2 miles
Sunoco
Shops & Services
6,396 visits/mo
0.4 miles
Gary Yeomans Ford Palm Bay
Shops & Services
4,733 visits/mo
0.5 miles
Truist
Shops & Services
4,506 visits/mo
0.2 miles
Valvoline Instant Oil Change
Shops & Services
3,013 visits/mo
0.2 miles
Demographics for 32909, FL
36,789
Population
14,278
Households
2.6
Avg Household Size
42
Median Age
23%
College-Educated
92%
High-School Grad
57.7 sq mi
ZIP Area
638
Density / Sq Mi
$76,708
Median Household Income
$36,071
Median Earnings
$1,502
Median Rent
$261,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Auto shops in Brevard County, FL
Properties on Market for Auto shops in Brevard County
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Accurate Electric Motor and Pump Service 321-368-0626 — 479 Martin Rd #4, Palm Bay, FL 32909
- Luke's Towing & Auto Repairs — 538 Martin Rd, Palm Bay, FL 32909
- Price's Auto Center, LLC. — 487 Martin Rd Unit 4, Palm Bay, FL 32909
- Sterlings Auto Group — 487 Martin Rd Suite #5, Palm Bay, FL 32909
- Cat Truck Service — 415 Community College Pkwy SE, Palm Bay, FL 32909
Frequently Asked Questions
What type of property is this?
Auto shop - Established, licensed automotive business includes a dedicated paint booth and mixing station.
Where is this auto shop located?
The property is located at 1742 Canova Street SE Palm Bay, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 4,400‑square‑foot auto shop built in 2015; Five roll‑up doors, one paint booth, and a paint mixing station; 0.34‑acre lot with space for customer cars and work activity
