Auto Shop with Central
5960 SW 23rd St, West Park, FL 33023
For Sale
$2,300,000
The property has assigned exterior features and a central air system.
Property Size5,951 SF
Days on Market71
Property Features for 5960 SW 23rd St
General Information
Standard status
Size
Total Parking Spaces
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Central Air
Central
Assigned
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
1426 Real Estate LLC D/B/A Keller Williams Coral Gables Realty
Listed By:
Ricky Kallabat PA · License #3254287
(305) 747-5117
Source:
Evrealestate
Added: Aug 28
Changed: Nov 6
Last Checked: Nov 6 at 2:24PM
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 1426 Real Estate LLC D/B/A Keller Williams Coral Gables Realty
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Investment Insights
Based on property information with market context.
This auto shop property was built in 1967 and has central air conditioning. The listing also identifies assigned exterior features and TOC zoning. It is located at 5960 SW 23rd St in West Park, Florida.
Key Highlights
- Built in 1967
- TOC zoning
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,627
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,012,540
$2.0M
Cap Rate 7%
$1,437,529
$1.4M
Cap Rate 9%
$1,118,078
$1.1M
Market Conditions
NOI Build-Up for 5,951 SF
Gross rent
$157.1K $26.40/SF
− Vacancy
−$13.4K −$2.24/SF
EGI
$143.8K $24.16/SF
− OpEx
−$43.1K −$7.25/SF
NOI
$100.6K $16.91/SF
Area
Broward County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,012,540
Cap Rate 7%
$1,437,529
Cap Rate 9%
$1,118,078
Alternative Uses
Best Use
Retail
$1.44M
$1.26M – $1.68M
NOI $100,627 @ 7.0% cap · market cap 4.38%
Second Best
Industrial
$917.8K
$803.1K – $1.07M
NOI $64,245 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,344 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,954
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 33023, FL
66,749
Population
22,450
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
7,585
Density / Sq Mi
$70,003
Median Household Income
$35,093
Median Earnings
$1,621
Median Rent
$344,500
Median Home Value
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Market
Average Price Trend$/SF for Auto shops in Broward County, FL
Properties on Market for Auto shops in Broward County
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Auto shop - The property has assigned exterior features and a central air system.
Where is this auto shop located?
The property is located at 5960 SW 23rd St West Park, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Built in 1967; TOC zoning; Central air conditioning
