Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Us-1 Florida Ridge, FL 32962

    For Sale
    $2,500,000

    Prime US-1 location, high NOI, established businesses.

    Property size:
    7,618 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a thriving, established automotive repair facility and car wash situated on a prominent corner of US Highway-1 in Vero Beach, Florida. The property encompasses a 7,618 square foot warehouse built in 1983 and renovated in 1996, situated on a 0.62-acre lot. The automotive repair facility boasts two drive-through jumbo bays with inspection pits, a dedicated lift bay, and state-of-the-art equipment including seven new flush machines, two new AC machines, a new lift, diagnostic equipment, and a new alignment machine. This facility services over 125 vehicles weekly, benefiting from multiple fleet contracts and generating over $1 million in gross revenue in 2023, with zero advertising expenditure. The business maintains a 58% margin, resulting in over $500,000 in annual profit. The car wash component features six bays: two touchless automatic bays, four self-service bays, and eight vacuums. It generates over $275,000 in annual gross revenue and boasts minimal operating expenses, contributing over $250,000 to the bottom line. The combined businesses enjoy a total net operating income exceeding $750,000 annually. The property is zoned for Commercial General use and presents a significant opportunity for continued growth and profitability. The asking price for this turnkey operation, including real estate, business, supplies, parts, and equipment, is $2,500,000. The property's location on US-1 ensures high visibility and accessibility.

    Property Features for 0 Us-1

    General Information

    Property type
    Distribution properties
    Square Feet
    7,618 SF
    Lot Size
    27,007 SF

    Building Details

    Year Built/Renovated
    1983/1996

    HighLights

    • $2,500,000 asking price for a 7,618 SF warehouse.
    • Located on a 0.62‑acre lot in Vero Beach, FL, on US‑1.
    • Industrial property, single‑tenant, with Commercial General zoning.
    • Built in 1983, renovated in 1996.
    • Includes a successful automotive repair facility and car wash, generating over $750,000 in net operating income (NOI) annually.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Florida Ridge
    County
    Indian River
    State
    Florida
    Longitude
    -80.3818709
    Latitude
    27.6073213

    Nearby Comparable

    • $495,000
      0.30 Acres

      Vero Beach Commercial Opportunity

      Commercial property with land and sewer access in Vero Beach.
      615 4Th St, Vero Beach, FL 32962
      View Details
    • $1,200,000

      Commercial Land For Sale

      Commercial land available for sale with build-to-suit options.
      580 Us Highway 1, Vero Beach, FL 32962
      View Details
    • $215,000

      Commercial Condo with Flexible Space

      900 sq ft commercial condo, versatile space, heavy commercial zoning.
      637 2Nd Ln E, Vero Beach, FL 32962
      View Details
    • $679,000
      5,150 SF

      Freestanding Industrial Building in Vero Beach

      5,150 SF industrial building with flexible warehouse space for sale.
      663 2Nd Ln, Vero Beach, FL 32962
      View Details
    • $545,000
      0.38 Acres

      Vero Beach Fenced Commercial Property

      Fenced 0.38-acre CH-zoned property with renovated home and ample storage.
      40 5Th Ave, Vero Beach, FL 32962
      View Details

    FAQs

    What type of property is this?
    Distribution property - Prime US-1 location, high NOI, established businesses.
    Where is this distribution property located?
    The property is located at Us-1 Florida Ridge, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price for a 7,618 SF warehouse.; Located on a 0.62-acre lot in Vero Beach, FL, on US-1.; Industrial property, single-tenant, with Commercial General zoning.
    Request Owner's contact information
    Us-1 Florida Ridge, FL 32962
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Us-1
    Florida Ridge, FL 32962
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Us-1 Florida Ridge, FL 32962
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.