Auto Shop with Covered Service
For Sale
Contact for pricing
7125 US Hwy 98 N, Lakeland, FL 33809
Automotive service property combining enclosed repair space with a canopy-covered work area and highway frontage.
Property Size7,620 SF
Lot Size1.00 Acre
Price / SF$248.56
Days on Market180
Property Features for 7125 US Hwy 98 N
General Information
Standard status
Active
Size
7,620 SF
Lot size
1.00 Acre
Property subtype
Retail
Zoning
LCC
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1978
Buildings
1
Listing Agency:
Boss Commercial Real Estate
Listed By:
Scott Garrett · License #FL
Source:
Crexi
Added: Mar 6
Changed: Aug 30
Last Checked: Aug 30 at 2:42PM
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 Boss Commercial Real Estate
Investment Insights
Based on property information with market context.
The property is an automotive repair facility totaling 7,620 square feet on 1 acre. Improvements include a 4,000-square-foot enclosed building and a separate 3,620-square-foot canopy-covered service area, creating a combination of interior and covered workspace. Constructed in 1978, the site is identified with LCC zoning.
Located at 7125 US Hwy 98 N in Lakeland, Florida, the property offers 165 linear feet of frontage along US Hwy 98 N. Its configuration is centered on automotive service operations, with both enclosed and covered areas supporting the facility’s repair-focused layout.
Located at 7125 US Hwy 98 N in Lakeland, Florida, the property offers 165 linear feet of frontage along US Hwy 98 N. Its configuration is centered on automotive service operations, with both enclosed and covered areas supporting the facility’s repair-focused layout.
Key Highlights
- 7,620 SF automotive repair property on 1 ac
- 4,000 SF enclosed building
- 3,620 SF canopy‑covered service area
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
$85,572
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
4.52%
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%
$1,711,440
$1.7M
Cap Rate 7%
$1,222,457
$1.2M
Cap Rate 9%
$950,800
$950.8K
Market Conditions
NOI Build-Up for 7,620 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
$132.6K $17.40/SF
− Vacancy
−$10.3K −$1.36/SF
EGI
$122.2K $16.04/SF
− OpEx
−$36.7K −$4.81/SF
NOI
$85.6K $11.23/SF
Area
Lakeland, FL
Vacancy
7.80%
Lease Rate
$17.40 /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%
$1,711,440
Cap Rate 7%
$1,222,457
Cap Rate 9%
$950,800
Alternative Uses
Best Use
Retail
$1.22M
$1.07M – $1.43M
NOI $85,572 @ 7.0% cap · market cap 4.52%
Second Best
Industrial
$519.3K
$454.4K – $605.9K
NOI $36,351 @ 7.0% cap · market cap 1.92%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,181 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
160k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Groceries 28%
Home Improvements & Furnishings 13%
Dining 9%
Publix
Groceries
45,335 visits/mo
0.3 miles
RaceTrac
Shops & Services
31,161 visits/mo
0.5 miles
Tractor Supply Co.
Home Improvements & Furnishings
20,017 visits/mo
0.2 miles
Circle K
Shops & Services
12,148 visits/mo
0.2 miles
Checkers
Dining
11,407 visits/mo
0.3 miles
Demographics for 33809, FL
30,629
Population
12,647
Households
2.4
Avg Household Size
45
Median Age
27%
College-Educated
91%
High-School Grad
65.9 sq mi
ZIP Area
465
Density / Sq Mi
$67,112
Median Household Income
$40,839
Median Earnings
$1,492
Median Rent
$248,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Taller los hermanos Ramos — 6048 Norton Rd, Lakeland, FL 33809
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service property combining enclosed repair space with a canopy-covered work area and highway frontage.
Where is this auto shop located?
The property is located at 7125 US Hwy 98 N Lakeland, FL.
What is the asking price?
The asking price for this property is $1,894,000.
What are key features of this property?
This property features: 7,620 SF automotive repair property on 1 ac; 4,000 SF enclosed building; 3,620 SF canopy‑covered service area
