Leased Automotive Service
6135 Salt Springs Road, Port Richey, FL 34668
For Sale
Contact for pricing
The facility includes automotive lifts, an alignment rack, and updated office and service areas.
Property Size4,750 SF
Lot Size0.72 Acres
Price / SF$280.63
Days on Market12
Property Features for 6135 Salt Springs Road
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Site & Location
Highway Access
Road Access
Tenancy & Operations
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Amenities
pylon signage
monument signage
upgraded landscaping
renovated office
updated bathrooms
granite finishes
Building Details
Buildings
Tenancy
Listing Agency:
Panther Capital Group
Listed By:
Guillermo de Nicolas · License #FL3440959
Source:
Crexi
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 8 at 5:27PM
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 Panther Capital Group
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Investment Insights
Based on property information with market context.
The automotive service property contains a 4,750 SF building and an additional 1,500 SF mezzanine used for storage. Recent work includes repaved and restriped parking, refreshed exterior cladding and paint, landscaping, renovated office and interior areas, and updated bathrooms with granite finishes. Four Hunter automotive lifts and an alignment rack are included, along with 28 surface parking spaces. The parcel is approximately 0.72 acres and is zoned C-2 General Commercial.
The site has approximately 137 feet of frontage on Salt Springs Road and convenient access to US-19. It is currently 100% leased to a Meineke franchise operator under a 10-year NNN lease through February 2036, with two additional five-year renewal options. Contractual rent increases are part of the lease. Nearby residential development includes 384 completed apartment units immediately behind the property and 280 permitted units planned nearby.
The site has approximately 137 feet of frontage on Salt Springs Road and convenient access to US-19. It is currently 100% leased to a Meineke franchise operator under a 10-year NNN lease through February 2036, with two additional five-year renewal options. Contractual rent increases are part of the lease. Nearby residential development includes 384 completed apartment units immediately behind the property and 280 permitted units planned nearby.
Key Highlights
- 100% leased under a 10‑year NNN agreement through February 2036, with two additional five‑year renewal options
- 4,750 SF service building plus 1,500 SF mezzanine storage
- Approximately 0.72 acres, zoned C‑2 General Commercial, with approximately 137 feet of Salt Springs Road frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,558
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,131,160
$1.1M
Cap Rate 7%
$807,971
$808.0K
Cap Rate 9%
$628,422
$628.4K
Market Conditions
NOI Build-Up for 4,750 SF
Gross rent
$85.5K $18.00/SF
− Vacancy
−$4.7K −$0.99/SF
EGI
$80.8K $17.01/SF
− OpEx
−$24.2K −$5.10/SF
NOI
$56.6K $11.91/SF
Area
Pasco County, FL
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,131,160
Cap Rate 7%
$807,971
Cap Rate 9%
$628,422
Alternative Uses
Best Use
Retail
$808.0K
$707.0K – $942.6K
NOI $56,558 @ 7.0% cap · market cap 4.24%
Second Best
Industrial
$544.5K
$476.4K – $635.2K
NOI $38,113 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,697 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
179k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Electronics 15%
Shops & Services 10%
Apparel 8%
Best Buy
Electronics
21,295 visits/mo
0.2 miles
LongHorn Steakhouse
Dining
16,851 visits/mo
0.5 miles
Panera Bread
Dining
14,834 visits/mo
0.2 miles
Dillard's
Apparel
14,683 visits/mo
0.3 miles
Starbucks
Dining
14,212 visits/mo
0.1 miles
Demographics for 34668, FL
48,781
Population
23,883
Households
2
Avg Household Size
45
Median Age
13%
College-Educated
88%
High-School Grad
15.5 sq mi
ZIP Area
3,147
Density / Sq Mi
$45,760
Median Household Income
$35,610
Median Earnings
$1,278
Median Rent
$168,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Auto shops in Pasco County, FL
Properties on Market for Auto shops in Pasco County
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- C&C Rod Shop — 8535 Rees St, Port Richey, FL 34668
- ABE Paints Auto Body Express — 8530 Leo Kidd Ave, Port Richey, FL 34668
- MOBILE TIRE REPAIR — 8619 Squib Dr, Port Richey, FL 34668
- Twisted Metal Auto Collision — 6210 Old Ridge Rd, Port Richey, FL 34668
- Sunstate Towing and Recovery — 8621 Bench Dr, Port Richey, FL 34668
Frequently Asked Questions
What type of property is this?
Auto shop - The facility includes automotive lifts, an alignment rack, and updated office and service areas.
Where is this auto shop located?
The property is located at 6135 Salt Springs Road Port Richey, FL.
What is the asking price?
The asking price for this property is $1,333,000.
What are key features of this property?
This property features: 100% leased under a 10‑year NNN agreement through February 2036, with two additional five‑year renewal options; 4,750 SF service building plus 1,500 SF mezzanine storage; Approximately 0.72 acres, zoned C‑2 General Commercial, with approximately 137 feet of Salt Springs Road frontage
