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 Market225
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: Oct 5
Last Checked: Oct 16 at 7:10AM
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
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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 / Yr
$85,572
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Taller los hermanos Ramos — 6048 Norton Rd, Lakeland, FL 33809
- Elite Automotive — 1379 Marcum Rd, Lakeland, FL 33810
- Jiffy Lube — 6770 US Hwy 98 N, Lakeland, FL 33809
- The Mower Medics — 7241 Twin Cedar Ln, Lakeland, FL 33810
- The Mower Medics LLC — 7241 Twin Cedar Ln, Lakeland, FL 33810
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
