Building Details

Building Size 50,467 SF

Units 4

Listing Agency: Matthews Real Estate Investment Services | Phoenix

Listed By: Samuel Griffeth · License #SA704287000 (AZ) Show Phone

Source: Matthews

Added: Jun 16 Changed: Oct 13 Last Checked: Oct 24 at 1:30PM

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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 Matthews Real Estate Investment Services | Phoenix

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This for-sale retail automotive property is listed for $5,510,000 and carries a reported 6.70% cap rate. The offering includes 50,467 square feet of space, and the property is categorized as retail and automotive real estate, including auto shop and automotive property uses.

The asset is located at 4425 US-92 in Lakeland, Florida 33801.

Key Highlights

• Retail automotive property reported with a 6.70% cap rate
• Year built: 1962
• Building size: 50,467 SF

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$240,754

Cap Rate

4.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,815,080 $4.8M

Cap Rate 7%

$3,439,343 $3.4M

Cap Rate 9%

$2,675,044 $2.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 50,467 SF

Gross rent

$375.5K $7.44/SF

− Vacancy

−$31.5K −$0.62/SF

EGI

$343.9K $6.82/SF

− OpEx

−$103.2K −$2.04/SF

NOI

$240.8K $4.77/SF

Area

Lakeland, FL

Vacancy

8.40%

Lease Rate

$7.44 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,815,080

Cap Rate 7%

$3,439,343

Cap Rate 9%

$2,675,044

Alternative Uses

Best Use

Retail

$8.10M

$7.08M – $9.45M (±1% cap)

NOI $566,742 @ 7.0% cap · market cap 10.29%

Second Best

Industrial

$3.44M

$3.01M – $4.01M (±1% cap)

NOI $240,754 @ 7.0% cap · market cap 4.37%

Theoretical Best

Office A

$12.13M

$10.61M – $14.15M (±1% cap)

NOI $848,936 @ 7.0% cap · market cap 15.41%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

118

Businesses Nearby

6k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 88% Home Improvements & Furnishings 12%

Dollar General Shops & Services

4,938 visits/mo 0.2 miles

Suncoast Roofers Supply Home Improvements & Furnishings

696 visits/mo 0.0 miles

Demographics for 33801, FL

36,798

Population

15,365

Households

2.4

Avg Household Size

34

Median Age

16%

College-Educated

84%

High-School Grad

18.9 sq mi

ZIP Area

1,947

Density / Sq Mi

$49,210

Median Household Income

$30,055

Median Earnings

$1,100

Median Rent

$138,700

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

• Internal engine specialist — 4330 e county rd 542, lakeland, fl 33801
• Central City Body Shop — 4330 E County Rd 542, Lakeland, FL 33801
• Final Touch Collision LLC — 4349 US-92, Lakeland, FL 33801
• ARK Auto Recycling — 4410 E County Rd 542, Lakeland, FL 33801
• Black Racecar Mafia — 4425 US-92, Lakeland, FL 33801

Frequently Asked Questions

What type of property is this?

Auto shop - For-sale retail automotive property with a reported 6.70% cap rate.

Where is this auto shop located?

The property is located at 4425 US-92 Lakeland, FL.

What is the asking price?

The asking price for this property is $5,510,000.

What are key features of this property?

This property features: Retail automotive property reported with a 6.70% cap rate; Year built: 1962; Building size: 50,467 SF