Automotive Repair Shop
For Sale
$1,550,000
2010 8th Street Nw WINTER HAVEN, Winter Haven, FL 33881
For sale corner-lot auto repair property with flexible interior rooms and strong intersection exposure.
Property Size10,801 SF
Price / SF$169.16
Days on Market48
Property Features for 2010 8th Street Nw WINTER HAVEN
General Information
Standard status
Active
Size
10,801 SF
Zoning
BA
Additional Details
Business Included
Yes
Traffic Count
30,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$4,213
Amenities
1
true
10803
100 x 108
0.25
false
Asphalt
Slab
Business District,City Street
10801
2
Building Details
Building Size
10,801 SF
Year Built
1959
Buildings
2
Stories
1
Listing Agency:
(904) 569-5862
Listed By:
Kylee Shaw
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 7
Changed: Aug 22
Last Checked: Aug 22 at 3:37AM
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 Kylee Shaw
Investment Insights
Based on property information with market context.
This for-sale commercial property operates as an auto repair shop and includes the land, the building, and the existing business with the sale. The building contains multiple rooms and flexible spaces that can support automotive service operations, as well as potential retail, office, or other service-based uses depending on how it’s configured.
Located at 2010 8th Street Nw in Winter Haven, FL, the property sits on a corner lot at a busy intersection. Public remarks note more than 30,000 vehicles passing daily, contributing to high visibility and straightforward public access for customers.
For buyers or tenants looking for a hands-on automotive or service-oriented setup, the turnkey inclusion of the existing auto repair business provides an immediate operating framework. For others, the interior room count and adaptable layout offer a practical basis to reposition the space for a different mix of retail, office, or service uses, while maintaining the advantage of prominent intersection exposure.
Located at 2010 8th Street Nw in Winter Haven, FL, the property sits on a corner lot at a busy intersection. Public remarks note more than 30,000 vehicles passing daily, contributing to high visibility and straightforward public access for customers.
For buyers or tenants looking for a hands-on automotive or service-oriented setup, the turnkey inclusion of the existing auto repair business provides an immediate operating framework. For others, the interior room count and adaptable layout offer a practical basis to reposition the space for a different mix of retail, office, or service uses, while maintaining the advantage of prominent intersection exposure.
Key Highlights
- Commercial property with 2 buildings and 10,801 SF total building area on a 0.25‑acre corner lot
- Currently set up for an auto repair business; business included with the land and buildings
- Single‑story building with slab foundation and air conditioning (AC) is available
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
Lease Details
30,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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.
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- Towers Tools LLC — 1666 Ambar Ct, Winter Haven, FL 33881
- Jz Auto Shop — Old Lucerne Park Rd, Winter Haven, FL 33881
Frequently Asked Questions
What type of property is this?
Auto shop - For sale corner-lot auto repair property with flexible interior rooms and strong intersection exposure.
Where is this auto shop located?
The property is located at 2010 8th Street Nw WINTER HAVEN 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: Commercial property with 2 buildings and 10,801 SF total building area on a 0.25‑acre corner lot; Currently set up for an auto repair business; business included with the land and buildings; Single‑story building with slab foundation and air conditioning (AC) is available
