Automotive Repair Shop and
For Sale
$749,000
3700 N US HIGHWAY 441, Ocala, FL 34475
Operating auto repair shop with three service bays and substantial US-441 frontage on B4 Commercial-zoned land.
Property Size2,032 SF
Lot Size1.00 Acre
Days on Market72
Property Features for 3700 N US HIGHWAY 441
General Information
Standard status
Active
Size
2,032 SF
Lot size
1.00 Acre
Property subtype
Commercial
Zoning
B4 Commercial
Additional Details
Business Included
Yes
Highway Access
Yes
Service Bays
3
Taxes and HOA fees
Annual Taxes
$2,547
Building Details
Building Size
2,032 SF
Year Built
1987
Stories
1
Listing Agency:
(352) 871-3925
Listed By:
James Ulmer · License #3558055
(352) 871-3925
Source:
Elliman
Added: Jun 3
Changed: Aug 8
Last Checked: Jun 6 at 2:47AM
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 James Ulmer
Investment Insights
Based on property information with market context.
This offering combines an existing, operating auto repair shop with additional commercial land. The repair shop includes three service bays and is positioned on a site with 575 feet of road frontage. The sale is described as including the business and related assets such as equipment and computers, along with a 15-year office manager and a service technician, which may support a hands-on transition for an incoming owner. Additional infrastructure is included, and the extra acreage is intended to provide flexibility for future expansion and development.
The property is located on highly visible US-441 in Ocala, Florida, with access and exposure tied to the extensive frontage along the corridor. It is zoned B4 Commercial, supporting a broad range of potential commercial uses as described in the offering. The package also includes an additional 2.73-acre parcel identified as 3728 N US Hwy 441, Ocala, FL.
For an owner-operator or investor, this is a practical fit for someone seeking to acquire an active automotive service business together with land suitable for growth. The combination of operating facilities, included equipment and staff support, and commercial zoning may appeal to buyers looking to continue the existing service operation or adapt the site for complementary uses, subject to applicable zoning and regulatory requirements.
The property is located on highly visible US-441 in Ocala, Florida, with access and exposure tied to the extensive frontage along the corridor. It is zoned B4 Commercial, supporting a broad range of potential commercial uses as described in the offering. The package also includes an additional 2.73-acre parcel identified as 3728 N US Hwy 441, Ocala, FL.
For an owner-operator or investor, this is a practical fit for someone seeking to acquire an active automotive service business together with land suitable for growth. The combination of operating facilities, included equipment and staff support, and commercial zoning may appeal to buyers looking to continue the existing service operation or adapt the site for complementary uses, subject to applicable zoning and regulatory requirements.
Key Highlights
- Operating auto repair shop (est. 1987) with 3 service bays and includes business and equipment.
- Over 1 acre on highly visible US‑441 with 575 ft of road frontage and strong access.
- B4 Commercial zoning supports a wide range of commercial uses.
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
$51,108
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
6.82%
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%
$1,022,160
$1.0M
Cap Rate 7%
$730,114
$730.1K
Cap Rate 9%
$567,867
$567.9K
Market Conditions
NOI Build-Up for 2,032 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
$75.3K $37.08/SF
− Vacancy
−$2.3K −$1.15/SF
EGI
$73.0K $35.93/SF
− OpEx
−$21.9K −$10.78/SF
NOI
$51.1K $25.15/SF
Area
Marion County, FL
Vacancy
3.10%
Lease Rate
$37.08 /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%
$1,022,160
Cap Rate 7%
$730,114
Cap Rate 9%
$567,867
Alternative Uses
Best Use
Retail
$730.1K
$638.9K – $851.8K
NOI $51,108 @ 7.0% cap · market cap 6.82%
Second Best
Industrial
$333.0K
$291.4K – $388.5K
NOI $23,310 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$1.11M
$970.9K – $1.29M
NOI $77,674 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34475, FL
14,780
Population
5,668
Households
2.6
Avg Household Size
38
Median Age
13%
College-Educated
84%
High-School Grad
27.8 sq mi
ZIP Area
532
Density / Sq Mi
$33,515
Median Household Income
$24,854
Median Earnings
$871
Median Rent
$170,300
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.
Similar Off Market Nearby
- Gary Yeomans Ford Ocala — 2816 NW Pine Ave, Ocala, FL 34475
- Lincoln of Ocala Service — 2816 NW Pine Ave, Ocala, FL 34475
- Quick Lane at Gary Yeomans Ford Ocala — 2816 N Pine Ave, Ocala, FL 34475
- Gary Yeomans Ford of Ocala Service Center — 2816 N Pine Ave, Ocala, FL 34475
- Gary Yeomans Lincoln of Ocala Service — 2816 NW Pine Ave, Ocala, FL 34475
Frequently Asked Questions
What type of property is this?
Auto shop - Operating auto repair shop with three service bays and substantial US-441 frontage on B4 Commercial-zoned land.
Where is this auto shop located?
The property is located at 3700 N US HIGHWAY 441 Ocala, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Operating auto repair shop (est. 1987) with 3 service bays and includes business and equipment.; Over 1 acre on highly visible US‑441 with 575 ft of road frontage and strong access.; B4 Commercial zoning supports a wide range of commercial uses.
