Freestanding Building on Corner
15035 NE US Hwy 301 Waldo, FL 32694
For Sale
Contact for pricing
Former C-store/gas station on US Hwy 301 for sale.
Property Size3,000 SF
Price / SF$291.67
Days on Market3255
Property Features for 15035 NE US Hwy 301
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail
Building Details
Year Built
1996
Listing Agency:
Lightle Beckner Robison Inc
(321) 722-0707
Listed By:
Jeffery Robison · License #FL 3113472
Source:
Crexi
Added: Aug 31, 2017
Changed: Jul 6
Last Checked: Jul 29 at 12:37PM
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 Lightle Beckner Robison Inc
Investment Insights
Based on property information with market context.
This freestanding 3,000-square-foot building is situated on a corner lot, adjacent to a post office. The property, formerly a convenience store and gas station, has undergone tank removal. It fronts US Highway 301, located east of the junction with State Road 24, specifically at the northeast corner of US Highway 301 and 150th Avenue. The traffic count for this location is approximately 24,500 AADT (Annual Average Daily Traffic) as of 2023.
Key Highlights
- High Traffic Location: Situated on US Hwy 301 with a traffic count of 24,500 AADT (2023).
- Corner Lot: Freestanding building located on a corner lot.
- Proximity to Post Office: Located next to the post office.
Financial Insights For Specialty 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 | $50.4k | $16.80 |
| − Vacancy | −$2.8k | −$0.92 |
| EGI | $47.6k | $15.88 |
| − OpEx | −$11.9k | −$3.97 |
| NOI | $35.7k | $11.91 |
3,000 SF · lease $16.80/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$510.3K
$446.5K – $595.4K
NOI $35,721 @ 7.0% cap · market cap 4.08%
Second Best
Retail
$467.7K
$409.3K – $545.7K
NOI $32,742 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$756.3K
$661.8K – $882.4K
NOI $52,942 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Gas station - Former C-store/gas station on US Hwy 301 for sale.
Where is this gas station located?
The property is located at 15035 NE US Hwy 301 Waldo, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: High Traffic Location: Situated on US Hwy 301 with a traffic count of 24,500 AADT (2023).; Corner Lot: Freestanding building located on a corner lot.; Proximity to Post Office: Located next to the post office.
