Automotive Wheel Repair
For Sale
$2,000,000
3090 W Broward Boulevard, Fort Lauderdale, FL 33312
Automotive service shop offering wheel repair, custom paint, powder coating, and wheel drilling at 3090 W Broward Blvd.
Property Size6,480 SF
Days on Market145
Property Features for 3090 W Broward Boulevard
General Information
Standard status
Active
Size
6,480 SF
Property subtype
Business Opportunity
Zoning
B-1
Taxes and HOA fees
Annual Taxes
$17,546
Building Details
Building Size
6,480 SF
Year Built
1990
Listing Agency:
Avanti Way Brickell
(786) 973-3218
Listed By:
Rosalicia Bernal Angarita · License #3591907
(786) 973-3218
Source:
Laerrealty
Added: Apr 2
Changed: Aug 23
Last Checked: Aug 22 at 3:36PM
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 Avanti Way Brickell
Investment Insights
Based on property information with market context.
This for-sale automotive service shop supports wheel-related work, including new and used wheels, wheel repairs, wheel drilling, and custom paint applications. The shop also provides custom paint on caliper brakes and powder coating, with wheel-focused refinishing and repair services intended to serve repeat customers seeking wheel services and refinishing.
The business is located at 3090 W Broward Blvd in Fort Lauderdale, and public remarks indicate it is convenient and easily accessible for local customers.
The property is presented in connection with an established wheel and refinishing service operation offering multiple wheel services under one roof, including repair, drilling, custom paint, caliper brake painting, and powder coating.
The business is located at 3090 W Broward Blvd in Fort Lauderdale, and public remarks indicate it is convenient and easily accessible for local customers.
The property is presented in connection with an established wheel and refinishing service operation offering multiple wheel services under one roof, including repair, drilling, custom paint, caliper brake painting, and powder coating.
Key Highlights
- Automotive service shop offering wheel repair, custom paint, powder coating, and wheel drilling at 3090 W Broward Blvd
- Custom paint and custom work on caliper brakes
- Powder coating services
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
$115,428
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
5.77%
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%
$2,308,560
$2.3M
Cap Rate 7%
$1,648,971
$1.6M
Cap Rate 9%
$1,282,533
$1.3M
Market Conditions
NOI Build-Up for 6,480 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
$178.8K $27.60/SF
− Vacancy
−$14.0K −$2.15/SF
EGI
$164.9K $25.45/SF
− OpEx
−$49.5K −$7.63/SF
NOI
$115.4K $17.81/SF
Area
Fort Lauderdale, FL
Vacancy
7.80%
Lease Rate
$27.60 /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%
$2,308,560
Cap Rate 7%
$1,648,971
Cap Rate 9%
$1,282,533
Alternative Uses
Best Use
Retail
$1.65M
$1.44M – $1.92M
NOI $115,428 @ 7.0% cap · market cap 5.77%
Second Best
Industrial
$1.34M
$1.17M – $1.56M
NOI $93,569 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$4.35M
$3.81M – $5.08M
NOI $304,819 @ 7.0% cap · market cap 15.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
998
Businesses Nearby
74k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 42%
Electronics 1%
Starbucks
Dining
14,349 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
13,093 visits/mo
0.1 miles
Taco Bell
Dining
10,339 visits/mo
0.4 miles
7-Eleven
Shops & Services
9,346 visits/mo
0.2 miles
Family Dollar
Shops & Services
8,050 visits/mo
0.2 miles
Demographics for 33312, FL
51,570
Population
21,332
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
11.1 sq mi
ZIP Area
4,646
Density / Sq Mi
$77,644
Median Household Income
$39,333
Median Earnings
$1,566
Median Rent
$397,800
Median Home Value
Market
Vacancy Rate% for Retail in Fort Lauderdale, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service shop offering wheel repair, custom paint, powder coating, and wheel drilling at 3090 W Broward Blvd.
Where is this auto shop located?
The property is located at 3090 W Broward Boulevard Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Automotive service shop offering wheel repair, custom paint, powder coating, and wheel drilling at 3090 W Broward Blvd; Custom paint and custom work on caliper brakes; Powder coating services
