Turnkey Automotive Repair
For Sale
Contact for pricing
3700 North US Highway 441, Ocala, FL 34475
Turnkey three-bay service operation with extensive US-441 frontage and B-4 zoning for flexible commercial use.
Property Size2,032 SF
Lot Size3.70 Acres
Price / SF$343
Days on Market70
Property Features for 3700 North US Highway 441
General Information
Standard status
Active
Size
2,032 SF
Class
B
Lot size
3.70 Acres
Property subtype
Retail
Zoning
B-4
Additional Details
Business Included
Yes
Service Bays
3
Building Details
Tenancy
Single
Listing Agency:
Watson Realty Corp Gainesville
Listed By:
Mark Ulmer · License #FL BK3421591
Source:
Crexi
Added: Jun 5
Changed: Aug 7
Last Checked: Aug 12 at 7:39AM
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 Watson Realty Corp Gainesville
Investment Insights
Based on property information with market context.
This offering is a turnkey automotive repair business and facility with a long operating history, supported by an existing three-bay service setup. The property includes the established operational staff as part of the turnkey package, positioning the site for immediate continuity of repairs and customer service. A commercial layout and service-focused improvements support automotive maintenance and related work under the current use.
The property is positioned along US-441 with approximately 575 feet of frontage and totals over 3.7 acres when including an additional parcel. The extended frontage and roadway exposure are key site attributes for attracting passersby and serving customers who come in for scheduled or on-demand repairs. The listing also notes strong visibility and a high-traffic location along the corridor.
For buyers seeking an automotive-focused acquisition, the site’s B-4 Commercial zoning provides flexibility beyond the current operation, subject to applicable regulations. The combination of established operations, service-bay capacity, and prominent US-441 frontage may appeal to owner-operators or investment-minded buyers looking for a functioning commercial automotive platform on a roadway-intensive site.
The property is positioned along US-441 with approximately 575 feet of frontage and totals over 3.7 acres when including an additional parcel. The extended frontage and roadway exposure are key site attributes for attracting passersby and serving customers who come in for scheduled or on-demand repairs. The listing also notes strong visibility and a high-traffic location along the corridor.
For buyers seeking an automotive-focused acquisition, the site’s B-4 Commercial zoning provides flexibility beyond the current operation, subject to applicable regulations. The combination of established operations, service-bay capacity, and prominent US-441 frontage may appeal to owner-operators or investment-minded buyers looking for a functioning commercial automotive platform on a roadway-intensive site.
Key Highlights
- 44+ year established automotive repair business
- 3.7 total acres (including additional parcel) with 575 ft of frontage on US‑441
- Three‑bay service facility
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
7.31%
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 7.31%
Second Best
Industrial
$333.0K
$291.4K – $388.5K
NOI $23,310 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$1.11M
$970.9K – $1.29M
NOI $77,674 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Turnkey business
Opportunity
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
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Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey three-bay service operation with extensive US-441 frontage and B-4 zoning for flexible commercial use.
Where is this auto shop located?
The property is located at 3700 North US Highway 441 Ocala, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 44+ year established automotive repair business; 3.7 total acres (including additional parcel) with 575 ft of frontage on US‑441; Three‑bay service facility
