Auto Body Shop and Real
For Sale
$5,400,000
500 S Dixie Hwy, Hollywood, FL 33020
Turn-key auto body shop with real estate for sale.
Property Size11,797 SF
Lot Size0.40 Acres
Days on Market157
Property Features for 500 S Dixie Hwy
General Information
Standard status
Active
Size
11,797 SF
Lot size
0.40 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$36,251
Building Details
Building Size
11,797 SF
Year Built
1959
Stories
1
Listing Agency:
Principal Properties. Inc
(786) 389-9471
Listed By:
Juan Macias · License #0513737
(786) 389-9471
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 12:10PM
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 Principal Properties. Inc
Investment Insights
Based on property information with market context.
This offering includes a fully operational, high-end auto body shop, along with the underlying real estate. The business has a 35-year family-owned legacy and is known for expert craftsmanship and superior customer service. It is trusted by major rental car companies. The property features a state-of-the-art paint booth with capacity for an 18-wheeler truck, one of only three available in Broward and Miami-Dade counties. This is a chance to own both the business operations and the property.
Key Highlights
- Turn‑key, fully operational high‑end auto body shop with a 35‑year family‑owned legacy and premium reputation.
- Includes both the established business and the valuable underlying real estate in Hollywood, FL.
- Trusted by all major rental car companies, ensuring a consistent revenue stream.
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
$164,101
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
3.04%
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%
$3,282,020
$3.3M
Cap Rate 7%
$2,344,300
$2.3M
Cap Rate 9%
$1,823,344
$1.8M
Market Conditions
NOI Build-Up for 11,797 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
$254.8K $21.60/SF
− Vacancy
−$20.4K −$1.73/SF
EGI
$234.4K $19.87/SF
− OpEx
−$70.3K −$5.96/SF
NOI
$164.1K $13.91/SF
Area
Hollywood, FL
Vacancy
8.00%
Lease Rate
$21.60 /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%
$3,282,020
Cap Rate 7%
$2,344,300
Cap Rate 9%
$1,823,344
Alternative Uses
Best Use
Retail
$2.34M
$2.05M – $2.74M
NOI $164,101 @ 7.0% cap · market cap 3.04%
Second Best
Industrial
$1.62M
$1.42M – $1.89M
NOI $113,563 @ 7.0% cap · market cap 2.10%
Theoretical Best
Office A
$4.61M
$4.04M – $5.38M
NOI $323,049 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,146
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
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
- Robin Service Auto Repair — 728 S Dixie Hwy, Hollywood, FL 33020
- Simonson Foreign Car Service — 720 S Dixie Hwy, Hollywood, FL 33020
- Caffi Brothers Body Shop — 500 S Dixie, State Rte, Hollywood, FL 33020
- Calixtows Towing Service — 2115 polk st, hollywood, fl 33020
- Pro Dent Repair Mobile Dent Removal PDR — 611 S 24th Ave Suite 2, Hollywood, FL 33020
Frequently Asked Questions
What type of property is this?
Auto shop - Turn-key auto body shop with real estate for sale.
Where is this auto shop located?
The property is located at 500 S Dixie Hwy Hollywood, FL.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: Turn‑key, fully operational **high‑end auto body shop** with a 35‑year family‑owned legacy and premium reputation.; Includes both the established business and the valuable underlying real estate in Hollywood, FL.; Trusted by all major rental car companies, ensuring a consistent revenue stream.
