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 Market94
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: Oct 16
Last Checked: Oct 7 at 5:14PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$45,427
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
Similar Off Market Nearby
- Foreign Affairs Miami — 2046 mckinley st, hollywood, fl 33020
- World Tire Auto Repair Inc. — 1314 N Federal Hwy, Hollywood, FL 33020
- Tri County Auto Restylers — 1830 Cleveland St, Hollywood, FL 33020
- 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
