Tire Sales and Service
For Sale
$549,999
2337 N 21st Ave, Hollywood, FL 33020
Established tire retail and service operation offering sales and maintenance for passenger and truck tires.
Property Size4,719 SF
Price / SF$116.55
Days on Market48
Property Features for 2337 N 21st Ave
General Information
Standard status
Active
Size
4,719 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
1959
Listing Agency:
RE/MAX Allstars
Listed By:
Suzanne Hendricks · License #A12028270
Source:
Mymiahomes
Added: Jul 20
Changed: Aug 23
Last Checked: Sep 5 at 10:12AM
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 RE/MAX Allstars
Investment Insights
Based on property information with market context.
This sale includes a seasoned tire sales and service business with the equipment used in daily operations. The operation supports tire sales in both retail and wholesale formats, along with tire service for a variety of tire types, including truck tires. Included is the business’s equipment, with inventory and a clientele base referenced in the remarks.
The business is located on a main road in the heart of Hollywood, with convenient access to Highway I-95 and I-595.
The business is positioned to serve customers needing tire replacement and service, with offerings extending beyond standard retail to wholesale tire sales.
The business is located on a main road in the heart of Hollywood, with convenient access to Highway I-95 and I-595.
The business is positioned to serve customers needing tire replacement and service, with offerings extending beyond standard retail to wholesale tire sales.
Key Highlights
- Established tire sales and service operation (Year Built: 1959)
- Includes business with equipment for sale
- Tire sales and service for both retail and wholesale customers, including truck tires
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
$45,427
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
8.26%
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%
$908,540
$908.5K
Cap Rate 7%
$648,957
$649.0K
Cap Rate 9%
$504,744
$504.7K
Market Conditions
NOI Build-Up for 4,719 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
$68.0K $14.40/SF
− Vacancy
−$3.1K −$0.65/SF
EGI
$64.9K $13.75/SF
− OpEx
−$19.5K −$4.13/SF
NOI
$45.4K $9.63/SF
Area
Hollywood, FL
Vacancy
4.50%
Lease Rate
$14.40 /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%
$908,540
Cap Rate 7%
$648,957
Cap Rate 9%
$504,744
Alternative Uses
Best Use
Retail
$937.8K
$820.5K – $1.09M
NOI $65,643 @ 7.0% cap · market cap 11.94%
Second Best
Industrial
$649.0K
$567.8K – $757.1K
NOI $45,427 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$1.85M
$1.62M – $2.15M
NOI $129,225 @ 7.0% cap · market cap 23.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,235
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
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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- Wrap Miami — 1200 N Federal Hwy, Hollywood, FL 33020
- World Tires — 1215 N Federal Hwy, Hollywood, FL 33020
Frequently Asked Questions
What type of property is this?
Auto shop - Established tire retail and service operation offering sales and maintenance for passenger and truck tires.
Where is this auto shop located?
The property is located at 2337 N 21st Ave Hollywood, FL.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: Established tire sales and service operation (Year Built: 1959); Includes business with equipment for sale; Tire sales and service for both retail and wholesale customers, including truck tires
