Auto Repair Business
For Sale
$1,550,000
2010 8th St NW, Winter Haven, FL 33881
8,056 sq. ft. commercial property with high traffic exposure.
Property Size9,163 SF
Price / SF$169.16
Days on Market183
Property Features for 2010 8th St NW
General Information
Standard status
Active
Size
9,163 SF
Building Details
Year Built
1959
Listing Agency:
USA DREAMS REALTY CORP.
Listed By:
Renata Lazo · License #3277721
(407) 780-6422
Source:
Livewelltampabay
Added: Mar 10
Changed: Sep 8
Last Checked: Aug 25 at 5:03AM
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 USA DREAMS REALTY CORP.
Investment Insights
Based on property information with market context.
This 8,056 sq. ft. commercial property, currently operating as an auto repair shop, is available for sale. Located on a corner lot at a busy intersection, the property benefits from high visibility with over 30,000 vehicles passing daily. The building includes multiple rooms and flexible spaces suitable for adaptation or leasing for retail, office, or service-based businesses. The sale includes the land, building, and the existing auto repair business, presenting a turn-key investment opportunity with established income potential. The location and layout offer opportunities for growth and income, whether continuing the auto business or repositioning the space.
Key Highlights
- Prime corner lot location.
- High‑traffic location with over 30,000 vehicles passing daily.
- Expansive 8,056 sq. ft. commercial building.
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
$102,900
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
6.64%
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%
$2,058,000
$2.1M
Cap Rate 7%
$1,470,000
$1.5M
Cap Rate 9%
$1,143,333
$1.1M
Market Conditions
NOI Build-Up for 9,163 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
$159.4K $17.40/SF
− Vacancy
−$12.4K −$1.36/SF
EGI
$147.0K $16.04/SF
− OpEx
−$44.1K −$4.81/SF
NOI
$102.9K $11.23/SF
Area
Polk County, FL
Vacancy
7.80%
Lease Rate
$17.40 /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%
$2,058,000
Cap Rate 7%
$1,470,000
Cap Rate 9%
$1,143,333
Alternative Uses
Best Use
Retail
$1.47M
$1.29M – $1.72M
NOI $102,900 @ 7.0% cap · market cap 6.64%
Second Best
Industrial
$624.5K
$546.4K – $728.5K
NOI $43,712 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,136 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
6k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,550 visits/mo
0.2 miles
Demographics for 33881, FL
38,369
Population
17,948
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
85%
High-School Grad
21.9 sq mi
ZIP Area
1,752
Density / Sq Mi
$53,867
Median Household Income
$33,941
Median Earnings
$1,153
Median Rent
$177,400
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
- Auto Air — 465-479 Ave T NW, Winter Haven, FL 33881
- Auto Care — 530 Ave T NW, Winter Haven, FL 33881
- Central Towing of Winter Haven — 550 M.L.K. Blvd NW, Winter Haven, FL 33881
- Johnny auto body&paint — 1950 1st St N, Winter Haven, FL 33881
- AQH TOWING — 1950 1st St N BLD #5, Winter Haven, FL 33881
Frequently Asked Questions
What type of property is this?
Auto shop - 8,056 sq. ft. commercial property with high traffic exposure.
Where is this auto shop located?
The property is located at 2010 8th St NW Winter Haven, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Prime corner lot location.; High‑traffic location with over 30,000 vehicles passing daily.; Expansive 8,056 sq. ft. commercial building.
