Auto Shop with Business
For Sale
$595,000
9600 Lem Turner Rd, Jacksonville, FL 32208
CCG-2-zoned commercial property with tire and mechanical service operations, equipment, inventory, goodwill, and the operating business included.
Property Size2,077 SF
Price / SF$286.47
Days on Market208
Property Features for 9600 Lem Turner Rd
General Information
Standard status
Active
Size
2,077 SF
Property subtype
Commercial
Zoning
CCG-2
Additional Details
Business Included
Yes
Building Details
Year Built
1974
Listing Agency:
FLORIDA HOMES REALTY & MTG LLC
Listed By:
GEORGE S RAMIA · License #3589284
(904) 434-0929
Source:
Myfirstcoasthomesearch
Added: Feb 20
Changed: Sep 14
Last Checked: Sep 15 at 1:24PM
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 FLORIDA HOMES REALTY & MTG LLC
Investment Insights
Based on property information with market context.
Located at 9600 Lem Turner Rd in Jacksonville, this auto shop property is configured for tire and mechanical service operations. The offering includes the real estate along with the operating business, goodwill, equipment, and inventory.
The property carries CCG-2 zoning and was built in 1974. Buyers should conduct their own due diligence regarding the property, business, included assets, and applicable use requirements.
The property carries CCG-2 zoning and was built in 1974. Buyers should conduct their own due diligence regarding the property, business, included assets, and applicable use requirements.
Key Highlights
- CCG‑2 zoning
- Established tire and mechanic shop operations
- Sale includes real property, business, goodwill, equipment, and inventory
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
$23,475
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
3.95%
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%
$469,500
$469.5K
Cap Rate 7%
$335,357
$335.4K
Cap Rate 9%
$260,833
$260.8K
Market Conditions
NOI Build-Up for 2,077 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
$37.4K $18.00/SF
− Vacancy
−$3.9K −$1.85/SF
EGI
$33.5K $16.15/SF
− OpEx
−$10.1K −$4.84/SF
NOI
$23.5K $11.30/SF
Area
Jacksonville, FL
Vacancy
10.30%
Lease Rate
$18.00 /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%
$469,500
Cap Rate 7%
$335,357
Cap Rate 9%
$260,833
Alternative Uses
Best Use
Retail
$335.4K
$293.4K – $391.3K
NOI $23,475 @ 7.0% cap · market cap 3.95%
Second Best
Industrial
$164.9K
$144.3K – $192.4K
NOI $11,541 @ 7.0% cap · market cap 1.94%
Theoretical Best
Office A
$569.0K
$497.9K – $663.8K
NOI $39,829 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
21k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Home Improvements & Furnishings 16%
Electronics 6%
Apparel 4%
Roses Discount Store
Shops & Services
15,718 visits/mo
0.3 miles
Badcock Home Furniture & More
Home Improvements & Furnishings
3,282 visits/mo
0.3 miles
Metro by T-Mobile
Electronics
1,221 visits/mo
0.4 miles
Foot Locker
Apparel
881 visits/mo
0.4 miles
Demographics for 32208, FL
33,286
Population
15,218
Households
2.2
Avg Household Size
40
Median Age
15%
College-Educated
84%
High-School Grad
11.5 sq mi
ZIP Area
2,894
Density / Sq Mi
$39,873
Median Household Income
$31,845
Median Earnings
$1,180
Median Rent
$139,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Jacksonville, FL
Questions? Ask Rey
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Similar Off Market Nearby
- Fastlane Automotive, Tires & Performance Inc — 9001 Lem Turner Rd, Jacksonville, FL 32208
- S & Y Auto Center — 9000 Lem Turner Rd, Jacksonville, FL 32208
- Z6R Performance Racing — 9014 Lem Turner Rd, Jacksonville, FL 32208
- Moses Automotive — 2235 Soutel Dr, Jacksonville, FL 32208
- Four Aces Mobile Mechanic — we are mobile mechanics, jacksonville, fl 32208
Frequently Asked Questions
What type of property is this?
Auto shop - CCG-2-zoned commercial property with tire and mechanical service operations, equipment, inventory, goodwill, and the operating business included.
Where is this auto shop located?
The property is located at 9600 Lem Turner Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: CCG‑2 zoning; Established tire and mechanic shop operations; Sale includes real property, business, goodwill, equipment, and inventory
