Automotive Facility with Spray
1941 Ne 34th Court, Lighthouse Point, FL 33064
For Sale
New
$3,350,000
Automotive and marine-related zoning complements a fenced site with office and employee amenities.
Property Size6,000 SF
Price / SF$558.33
Days on Market2
Property Features for 1941 Ne 34th Court
General Information
Standard status
Size
Total Parking Spaces
Zoning
Site & Location
Fenced Yard
Outdoor Storage
Additional Details
Automotive Uses
Real Estate Included
Taxes and HOA fees
Annual Taxes
Amenities
professional-grade custom spray booth
7 bay doors
multiple vehicle lifts
manager's office
employee locker room with shower
additional storage
Concrete,Tile
true
1
1/4 to 1/2 Acre Lot
Multiple Meters,Public
18936
45
0.43
6000
Building Details
Building Size
Year Built
Stories
Listing Agency:
(954) 953-5363
Listed By:
Dave Morgan
Source:
Onemarketrealestate
Added: Nov 6
Last Checked: Nov 6 at 2:44PM
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 Dave Morgan
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Investment Insights
Based on property information with market context.
Set up for automotive work, this facility provides approximately 6,000 square feet across covered space and an overhang. Improvements include a custom spray booth, seven bay doors, multiple vehicle lifts, and additional storage. A manager’s office and an employee locker room with a shower support on-site operations, while fencing encloses the property. The side yard can accommodate up to 45 vehicles.
The property is zoned B-3A and RD-10, with zoning that allows automotive and marine-related uses. The site also includes multiple meters and public utilities.
The property is zoned B-3A and RD-10, with zoning that allows automotive and marine-related uses. The site also includes multiple meters and public utilities.
Key Highlights
- Approximately 6,000 square feet across covered area and overhang
- Custom spray booth for automotive finishing
- Seven bay doors and multiple vehicle lifts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,455
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,029,100
$2.0M
Cap Rate 7%
$1,449,357
$1.4M
Cap Rate 9%
$1,127,278
$1.1M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$158.4K $26.40/SF
− Vacancy
−$13.5K −$2.24/SF
EGI
$144.9K $24.16/SF
− OpEx
−$43.5K −$7.25/SF
NOI
$101.5K $16.91/SF
Area
Broward County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,029,100
Cap Rate 7%
$1,449,357
Cap Rate 9%
$1,127,278
Alternative Uses
Best Use
Retail
$1.45M
$1.27M – $1.69M
NOI $101,455 @ 7.0% cap · market cap 3.03%
Second Best
Industrial
$925.3K
$809.7K – $1.08M
NOI $64,774 @ 7.0% cap · market cap 1.93%
Theoretical Best
Office A
$3.04M
$2.66M – $3.55M
NOI $213,084 @ 7.0% cap · market cap 6.36%
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
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,715
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33064, FL
62,429
Population
26,641
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
82%
High-School Grad
10.2 sq mi
ZIP Area
6,120
Density / Sq Mi
$66,269
Median Household Income
$35,090
Median Earnings
$1,689
Median Rent
$293,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Auto shops in Broward County, FL
Properties on Market for Auto shops in Broward County
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive and marine-related zoning complements a fenced site with office and employee amenities.
Where is this auto shop located?
The property is located at 1941 Ne 34th Court Lighthouse Point, FL.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: Approximately 6,000 square feet across covered area and overhang; Custom spray booth for automotive finishing; Seven bay doors and multiple vehicle lifts
