Automotive Service Building with
New
For Sale
$1,200,000
2986 Michigan Ave, Kissimmee, FL 34744
Four commercial-grade lifts are included, while the operating business is excluded from the sale.
Property Size3,000 SF
Price / SF$400
Days on Market2
Property Features for 2986 Michigan Ave
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Vacant-User
Amenities
customer counter
waiting area
private office
restrooms
shade canopy
Four bays, lifts included - The lifts stay with the building, so a buyer opens for service without re-equipping the shop
125' of prime frontage - On Michigan Avenue, carrying 33,500 vehicles a day, with pylon signage in place
Zoning is OIG - permits the automotive service use in place today
Real yard at 6.10 : 1 - Land-to-building ratio leaves usable outdoor area for customer parking and vehicle staging
Delivered vacant - No lease to inherit and no tenant to relocate. A buyer takes occupancy at closing
Building Details
Building Size
3,000 SF
Year Built
1997
Listing Agency:
Marcus & Millichap - Orlando
Listed By:
Scott Gould · License #License(s): FL: SL3288412
(407) 557-3824
Source:
Marcusmillichap
Added: Oct 16
Last Checked: Oct 16 at 2:10PM
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 Marcus & Millichap - Orlando
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Investment Insights
Based on property information with market context.
This 3,000-square-foot automotive service property was built in 1997 and includes four commercial-grade lifts that transfer with the real estate. The shop bays extend through the building, with a covered canopy over the rear work apron. Interior customer areas include a service counter and waiting space, a private office, and three restrooms; two have full baths with a tub and shower. The sale covers the land and building, not the operating business.
Key Highlights
- Four commercial‑grade lifts convey with the property
- 3,000‑square‑foot automotive service building constructed in 1997
- Full‑depth service bays with a covered rear work apron
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,911
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,220
$1.2M
Cap Rate 7%
$841,586
$841.6K
Cap Rate 9%
$654,567
$654.6K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$87.1K $29.04/SF
− Vacancy
−$3.0K −$0.99/SF
EGI
$84.2K $28.05/SF
− OpEx
−$25.2K −$8.42/SF
NOI
$58.9K $19.64/SF
Area
Osceola County, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,220
Cap Rate 7%
$841,586
Cap Rate 9%
$654,567
Alternative Uses
Best Use
Retail
$841.6K
$736.4K – $981.9K
NOI $58,911 @ 7.0% cap · market cap 4.91%
Second Best
Industrial
$239.4K
$209.5K – $279.3K
NOI $16,759 @ 7.0% cap · market cap 1.40%
Theoretical Best
Specialty Retail
$927.6K
$811.7K – $1.08M
NOI $64,935 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,011
Businesses Nearby
230k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 33%
Groceries 7%
Home Improvements & Furnishings 7%
McDonald's
Dining
43,355 visits/mo
0.3 miles
RaceTrac
Shops & Services
38,128 visits/mo
0.4 miles
Dollar Tree
Shops & Services
24,523 visits/mo
0.5 miles
Bravo Supermarkets
Groceries
16,953 visits/mo
0.2 miles
Harbor Freight Tools
Home Improvements & Furnishings
15,265 visits/mo
0.4 miles
Demographics for 34744, FL
59,232
Population
22,800
Households
2.6
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
33.3 sq mi
ZIP Area
1,779
Density / Sq Mi
$69,837
Median Household Income
$35,174
Median Earnings
$1,426
Median Rent
$326,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- STOP & GO — 2680 N Orange Blossom Trail, Kissimmee, FL 34744
- Fast Oil Change — 106 E Carroll St, Kissimmee, FL 34744
- Serviteca — 2749 N Orange Blossom Trail, Kissimmee, FL 34744
- C S TIRE CENTER & AUTO REPAIR SHOP — 14 E Carroll St, Kissimmee, FL 34744
- CS Tire Center & GK Motorsports — 14 e carroll st, kissimmee, fl 34744
Frequently Asked Questions
What type of property is this?
Auto shop - Four commercial-grade lifts are included, while the operating business is excluded from the sale.
Where is this auto shop located?
The property is located at 2986 Michigan Ave Kissimmee, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four commercial‑grade lifts convey with the property; 3,000‑square‑foot automotive service building constructed in 1997; Full‑depth service bays with a covered rear work apron
