Concrete-Block Auto
For Sale
$225,000
Pending
270 Fox Run Rd, Keystone Heights, FL 32656
Fenced commercial compound with office space and multiple interior work bays.
Property Size3,120 SF
Days on Market521
Property Features for 270 Fox Run Rd
General Information
Standard status
Pending
Size
3,120 SF
Property subtype
Commercial
Additional Details
Fenced Yard
Yes
Amenities
office space
Building Details
Year Built
1979
Buildings
1
Building Size
3,120 SF
Construction
concrete block
Listing Agency:
CENTURY 21 LAKESIDE REALTY
(352) 222-9251
Listed By:
TREY FIELDS · License #3412662
Source:
Jacksonvilleflhomeguide
Added: Mar 28, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:45AM
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 CENTURY 21 LAKESIDE REALTY
Investment Insights
Based on property information with market context.
This auto shop contains 3,120 square feet within a concrete-block building constructed in 1979. The interior includes dedicated office space and multiple work bays, providing a functional layout for automotive repair and related commercial operations. A fully fenced compound adds defined site control.
The property is positioned at the end of a cul-de-sac on Fox Run Road in Keystone Heights. Beyond automotive service, the existing configuration may accommodate light industrial activity, storage, or workshop use, subject to applicable requirements. The building’s durable construction and enclosed site support a range of practical commercial applications.
The property is positioned at the end of a cul-de-sac on Fox Run Road in Keystone Heights. Beyond automotive service, the existing configuration may accommodate light industrial activity, storage, or workshop use, subject to applicable requirements. The building’s durable construction and enclosed site support a range of practical commercial applications.
Key Highlights
- 3,120‑square‑foot concrete‑block building constructed in 1979
- Multiple interior work bays for automotive repair use
- Interior office space included
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
$20,468
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
9.10%
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%
$409,360
$409.4K
Cap Rate 7%
$292,400
$292.4K
Cap Rate 9%
$227,422
$227.4K
Market Conditions
NOI Build-Up for 3,120 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
$33.3K $10.68/SF
− Vacancy
−$1.8K −$0.59/SF
EGI
$31.5K $10.09/SF
− OpEx
−$11.0K −$3.53/SF
NOI
$20.5K $6.56/SF
Area
Clay County, FL
Vacancy
5.50%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
35.00%
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%
$409,360
Cap Rate 7%
$292,400
Cap Rate 9%
$227,422
Alternative Uses
Best Use
Retail
$503.8K
$440.8K – $587.7K
NOI $35,263 @ 7.0% cap · market cap 15.67%
Second Best
Industrial
$314.9K
$275.5K – $367.4K
NOI $22,042 @ 7.0% cap · market cap 9.80%
Theoretical Best
Office A
$832.2K
$728.2K – $971.0K
NOI $58,257 @ 7.0% cap · market cap 25.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32656, FL
14,686
Population
6,565
Households
2.2
Avg Household Size
44
Median Age
22%
College-Educated
90%
High-School Grad
70.1 sq mi
ZIP Area
210
Density / Sq Mi
$73,201
Median Household Income
$40,985
Median Earnings
$1,068
Median Rent
$202,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Fenced commercial compound with office space and multiple interior work bays.
Where is this auto shop located?
The property is located at 270 Fox Run Rd Keystone Heights, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 3,120‑square‑foot concrete‑block building constructed in 1979; Multiple interior work bays for automotive repair use; Interior office space included
