Established Service Garage Business
2973 Philips Hwy Jacksonville, FL 32207
2973 Philips Hwy, Jacksonville, FL, 32207
Contact for pricing
For Sale
Contact for pricing
Commercial property with an established service garage business for sale.
Property Size2,339 SF
Price / SF$341.47
Days on Market766
Property Features for 2973 Philips Hwy
General Information
- Standard status
- Active
- Size
- 2,339 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1941
Listing Agency
Landmark Commercial Realty Group Inc
(904) 477-1017
Listed by
Stephen Nebrat · License #BK605752
Source
Crexi
Added: Jun 13, 2024 Checked: Jul 17 at 7:24 am
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 Landmark Commercial Realty Group Inc
Investment Insights
Based on property information with market context.
This commercial property, with a size of 2339 square feet, features an established service garage business. It presents an opportunity for investors or entrepreneurs seeking a turnkey operation. The property is currently used by the owner. Seller may entertain Seller Financing with 50% down.
Key Highlights
- Established service garage business included.
- Turnkey operation for investors or entrepreneurs.
- Potential for Seller Financing with 50% down.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.1k | $18.00 |
| − Vacancy | −$4.3k | −$1.85 |
| EGI | $37.8k | $16.15 |
| − OpEx | −$11.3k | −$4.84 |
| NOI | $26.4k | $11.30 |
2,339 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$377.7K
$330.5K – $440.6K
NOI $26,436 @ 7.0% cap · market cap 3.31%
Second Best
Industrial
$185.7K
$162.5K – $216.6K
NOI $12,997 @ 7.0% cap · market cap 1.63%
Theoretical Best
Office A
$640.8K
$560.7K – $747.6K
NOI $44,853 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nationwide Interlock
Building Supply
904 x 4
Auto Parts Store
Similar For Sale Nearby
Similar Off Market Nearby
- Tom Nehl South (North Florida Western Star) — 5040 University Blvd W, Jacksonville, FL 32216
- Road Service Jacksonville Fl — 5310 Philips Hwy, Jacksonville, FL 32207
- Ben's Auto Sales & Service — 5506 Philips Hwy, Jacksonville, FL 32207
- Lewis Auto Air & Electric Services — 5689 St Augustine Rd, Jacksonville, FL 32207
- cds jax corp — 5310 Philips Hwy, Jacksonville, FL 32207
FAQs
What type of property is this?
Auto shop - Commercial property with an established service garage business for sale.
Where is this auto shop located?
The property is located at 2973 Philips Hwy Jacksonville, FL.
What is the asking price?
The asking price for this property is $798,700.
What are key features of this property?
This property features: Established service garage business included.; Turnkey operation for investors or entrepreneurs.; Potential for Seller Financing with 50% down.
