Automotive Retail Property with CBS
5670 Laurel Avenue Stock Island, FL 33040
5670 Laurel Avenue, Stock Island, FL, 33040
$1,950,000
For Sale
$1,950,000
COMMERCIAL - Stock Island, FL
Property Size5,258 SF
Lot Size0.29 Acres
Price / SF$370.86
Days on Market537
Property Features for 5670 Laurel Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MU - Mixed Use District
- Appliances
- No Appliances
- Standard status
- Active
- APN
- 00124410-000000
- Size
- 5,258 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- BK 31 LT 7 AND LT 8 STOCK ISLAND MALONEY SUB PB1-55 G67-18 G73-110 OR624-88 OR624-89 OR522-377 OR796-2190 OR826-1492 OR8
- Tax Annual Amount
- 5862
Utilities
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1980
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Concrete
- Roof type
- Other
Listing agency
RE/MAX Keys Connection (KW)
(305) 296-1400
Listed by
Curtis A Skomp, CCIM · License #586474
(305) 296-1400
Added: Jan 30, 2025 Updated: Jul 21 at 12:56PM Checked: Jul 21 at 10:06PM
MLS# 613508
Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use zoned commercial property includes two contiguous lots with a combined frontage and depth of 100 feet by 125 feet on Laurel Ave. The site features a large ground-level CBS building in fair condition with covered and outdoor work areas, supporting automotive-related operations and retail use. Part of the building is owner occupied and a portion is currently leased to a cycle shop for rental income.
The property is located behind a free-standing CVS at MM 5 and provides convenient access to Overseas Hwy. It is identified in an AE flood zone. The listing notes occupational licenses for public service marine repair, towing & salvage, retail sales, and auto repair, detailing, towing, and rentals.
Occupying space and adjacent development are established on the site; the adjoining properties both have newer built structures, and the seller indicates that a new building may be considered.
The property is located behind a free-standing CVS at MM 5 and provides convenient access to Overseas Hwy. It is identified in an AE flood zone. The listing notes occupational licenses for public service marine repair, towing & salvage, retail sales, and auto repair, detailing, towing, and rentals.
Occupying space and adjacent development are established on the site; the adjoining properties both have newer built structures, and the seller indicates that a new building may be considered.
Key Highlights
- Mixed use (MU) commercial property on Laurel Ave on Stock Island with access to Overseas Hwy.
- Two 50' x 125' lots totaling 100' frontage x 125' deep on Laurel Ave.
- Includes a large 5,258 SF CBS building (ground level) in fair condition; concrete construction.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.6k | $21.60 |
| − Vacancy | −$11.7k | −$2.22 |
| EGI | $101.9k | $19.38 |
| − OpEx | −$30.6k | −$5.81 |
| NOI | $71.3k | $13.56 |
5,258 SF · lease $21.60/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.02M
$891.4K – $1.19M
NOI $71,312 @ 7.0% cap · market cap 3.66%
Second Best
Industrial
$1.01M
$883.0K – $1.18M
NOI $70,639 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$2.11M
$1.85M – $2.47M
NOI $148,048 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
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FAQs
What type of property is this?
Auto shop - CBS building with covered and outdoor work areas on two lots, including part owner-occupied and part leased.
Where is this auto shop located?
The property is located at 5670 Laurel Avenue Stock Island, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Mixed use (MU) commercial property on Laurel Ave on Stock Island with access to Overseas Hwy.; Two 50' x 125' lots totaling 100' frontage x 125' deep on Laurel Ave.; Includes a large 5,258 SF CBS building (ground level) in fair condition; concrete construction.
