Automotive Flex Space with Drive-In
For Sale
$275,000
Pending
7220 NE US HIGHWAY 301, Hawthorne, FL 32640
Commercial Sale, HAWTHORNE, FL
Property Size2,975 SF
Lot Size1.06 Acres
Days on Market357
Property Features for 7220 NE US HIGHWAY 301
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
BA
Subdivision
DOUGHTERY ADD ORANGE HEIGHTS
Directions
Orange Heights
Standard status
Pending
APN
18610-000-000
Size
2,975 SF
Lot size
1.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
DAUGHERTY ADD ORANGE HGTS PB A-108 THAT PART OF LOTS 10 11 12 13 LYING S OF H/W 31 & SW OF US 301 ALSO LOTS 8 & 9 BLK 10 ORIG ORANGE HEIGHTS LYING SW OF US 301 ALSO THAT PART OF DAUGHERTY ST S OF H/W 31 & PT OF 1ST ST & 16 FT ALLEY SW OF US 301 & N O F PALMER ST OR 2857/1281 & OR 3285/1407
Tax Annual Amount
2328
Legal Description
DAUGHERTY ADD ORANGE HGTS PB A-108 THAT PART OF LOTS 10 11 12 13 LYING S OF H/W 31 & SW OF US 301 ALSO LOTS 8 & 9 BLK 10 ORIG ORANGE HEIGHTS LYING SW OF US 301 ALSO THAT PART OF DAUGHERTY ST S OF H/W 31 & PT OF 1ST ST & 16 FT ALLEY SW OF US 301 & N O F PALMER ST OR 2857/1281 & OR 3285/1407
Utilities
Cooling system
Central Air
Amenities
Two 10 ft drive-in bay doors
Single phase power
HWY 301 frontage
Two points of ingress/egress
Building Details
Year built
1952
Floors in Building
1
Building materials
Concrete, Metal Siding
Listing Agency:
BOSSHARDT REALTY SERVICES LLC
(352) 371-6100
Listed By:
Sage Alfonso · License ##SL3476286
(352) 316-8413
Added: Sep 3, 2025
Changed: Aug 24
Last Checked: Aug 25 at 9:06AM
MLS# GC533728
Copyright © 2026 Stellar MLS. 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 2,975-square-foot automotive flex property was built in 1952 and features concrete construction with metal siding, central air, and two 10-foot drive-in bay doors. Single-phase power supports the building’s existing configuration for automotive-related operations, including motorcycle service and parts-oriented retail or distribution. The property is offered vacant or with the associated business, which is also available for purchase.
Positioned along US Highway 301 in Hawthorne, the site provides highway frontage and two points of ingress and egress. BA zoning is identified for the property and supports business-oriented use potential, including automotive applications described for the site.
Positioned along US Highway 301 in Hawthorne, the site provides highway frontage and two points of ingress and egress. BA zoning is identified for the property and supports business-oriented use potential, including automotive applications described for the site.
Key Highlights
- 2,975‑square‑foot automotive flex building on 1.06 acres
- Two 10 ft drive‑in bay doors
- Single‑phase power service
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
$20,179
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
7.34%
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%
$403,580
$403.6K
Cap Rate 7%
$288,271
$288.3K
Cap Rate 9%
$224,211
$224.2K
Market Conditions
NOI Build-Up for 2,975 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
$30.3K $10.20/SF
− Vacancy
−$1.5K −$0.51/SF
EGI
$28.8K $9.69/SF
− OpEx
−$8.6K −$2.91/SF
NOI
$20.2K $6.78/SF
Area
Alachua County, FL
Vacancy
5.00%
Lease Rate
$10.20 /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%
$403,580
Cap Rate 7%
$288,271
Cap Rate 9%
$224,211
Alternative Uses
Best Use
Retail
$463.9K
$405.9K – $541.2K
NOI $32,470 @ 7.0% cap · market cap 11.81%
Second Best
Flex RnD
$398.6K
$348.8K – $465.1K
NOI $27,904 @ 7.0% cap · market cap 10.15%
Theoretical Best
Office A
$750.0K
$656.3K – $875.0K
NOI $52,500 @ 7.0% cap · market cap 19.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32640, FL
10,281
Population
5,353
Households
1.9
Avg Household Size
51
Median Age
14%
College-Educated
84%
High-School Grad
187.7 sq mi
ZIP Area
55
Density / Sq Mi
$58,727
Median Household Income
$35,833
Median Earnings
$959
Median Rent
$153,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Concrete and metal-sided building with central air, highway frontage, and flexible delivery options.
Where is this flex space located?
The property is located at 7220 NE US HIGHWAY 301 Hawthorne, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,975‑square‑foot automotive flex building on 1.06 acres; Two 10 ft drive‑in bay doors; Single‑phase power service
