Automotive Service and Wash
For Sale
$2,300,000
20761 US Highway 27, Williston, FL 32696
Two automotive buildings with 12 lifts and a covered wash bay, plus parking and yard space for vehicle-focused operations.
Property Size12,500 SF
Price / SF$184
Days on Market237
Property Features for 20761 US Highway 27
General Information
Standard status
Active
Size
12,500 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Service Bays
13
Amenities
3
Listing Agency:
Majestic Oaks Realty
(352) 274-6224
Listed By:
Nicole Schreier · License #3530233
(352) 644-3564
Source:
Xome
Added: Jan 13
Changed: Sep 4
Last Checked: Sep 7 at 5:27AM
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 Majestic Oaks Realty
Investment Insights
Based on property information with market context.
This fully improved commercial property includes two purpose-built buildings designed for automotive and mechanical use. The site is equipped with 12 vehicle lifts, 2 commercial air compressors, 8 industrial fans, and a covered vehicle wash bay, along with generous parking and yard space to support high-volume work.
The property provides direct frontage on NE Highway 27 in Williston, Florida, offering highway-oriented visibility and straightforward site access.
While the operating business, Shift N Gears, is not included, the real estate is being offered as an infrastructure-rich automotive facility with substantial onsite equipment for service, repair, and related vehicle maintenance use.
The property provides direct frontage on NE Highway 27 in Williston, Florida, offering highway-oriented visibility and straightforward site access.
While the operating business, Shift N Gears, is not included, the real estate is being offered as an infrastructure-rich automotive facility with substantial onsite equipment for service, repair, and related vehicle maintenance use.
Key Highlights
- Commercial property in Williston, FL with direct frontage on NE Highway 27
- Two purpose‑built commercial buildings for automotive/mechanical use
- Equipped with 12 vehicle lifts for service and repair operations
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
$148,838
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
6.47%
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%
$2,976,760
$3.0M
Cap Rate 7%
$2,126,257
$2.1M
Cap Rate 9%
$1,653,756
$1.7M
Market Conditions
NOI Build-Up for 12,500 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
$210.0K $16.80/SF
− Vacancy
−$11.6K −$0.92/SF
EGI
$198.5K $15.88/SF
− OpEx
−$49.6K −$3.97/SF
NOI
$148.8K $11.91/SF
Area
Levy County, FL
Vacancy
5.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
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%
$2,976,760
Cap Rate 7%
$2,126,257
Cap Rate 9%
$1,653,756
Alternative Uses
Best Use
Specialty Retail
$2.13M
$1.86M – $2.48M
NOI $148,838 @ 7.0% cap · market cap 6.47%
Second Best
Retail
$1.89M
$1.66M – $2.21M
NOI $132,536 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$3.10M
$2.71M – $3.61M
NOI $216,720 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
13
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32696, FL
12,784
Population
6,133
Households
2.1
Avg Household Size
46
Median Age
20%
College-Educated
88%
High-School Grad
142.4 sq mi
ZIP Area
90
Density / Sq Mi
$56,944
Median Household Income
$36,368
Median Earnings
$827
Median Rent
$202,800
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
- Master Lube Automotive — 4350 NE 170 Ave, Williston, FL 32696
Frequently Asked Questions
What type of property is this?
Auto shop - Two automotive buildings with 12 lifts and a covered wash bay, plus parking and yard space for vehicle-focused operations.
Where is this auto shop located?
The property is located at 20761 US Highway 27 Williston, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Commercial property in Williston, FL with direct frontage on NE Highway 27; Two purpose‑built commercial buildings for automotive/mechanical use; Equipped with 12 vehicle lifts for service and repair operations
