Automotive Repair and Car
US-1 Vero Beach, FL 32962
For Sale
Contact for pricing
Successful automotive repair facility and car wash on US Highway-1.
Property Size7,618 SF
Price / SF$459.44
Days on Market1008
Property Features for US-1
General Information
- Standard status
- Active
- Size
- 7,618 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1983
Listing Agency:
SVN CP | Treasure Coast
Listed By:
Samuel Zuker · License #3507062
Source:
Crexi
Added: Oct 23, 2023
Changed: Jul 6
Last Checked: Jul 25 at 9:49AM
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 SVN CP | Treasure Coast
Investment Insights
Based on property information with market context.
This property features an automotive repair facility and a car wash located on a corner of US Highway-1 in Vero Beach, FL. The automotive repair facility has been remodeled and includes 2 drive-through jumbo bays with vehicle service and inspection pits, and a separate lift bay for mechanical repairs. It is equipped with 7 new flush machines, 2 new AC machines, a new lift, diagnostic equipment, and a new alignment machine. The facility services over 125 cars per week and has multiple fleet contracts, grossing over a million in 2023. The car wash includes 6 bays, featuring 2 touchless automatic wash bays, 4 self-service wash bays, and 8 vacuums. The car wash grosses over $275k per year. The property size is 7618 square feet. The purchase includes the real estate, the business, all supplies, parts, and equipment.
Key Highlights
- Successful automotive repair and car wash business with real estate included on a prime corner location.
- High‑profit margins: Repair facility grosses over $1 million annually with a 58% margin; car wash grosses over $275k annually.
- Fully remodeled automotive repair facility with 2 drive‑through jumbo bays, a separate lift bay, and new equipment.
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 | $169.1k | $22.20 |
| − Vacancy | −$13.2k | −$1.73 |
| EGI | $155.9k | $20.47 |
| − OpEx | −$39.0k | −$5.12 |
| NOI | $116.9k | $15.35 |
7,618 SF · lease $22.20/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.67M
$1.46M – $1.95M
NOI $116,946 @ 7.0% cap · market cap 3.34%
Second Best
Retail
$1.05M
$914.9K – $1.22M
NOI $73,190 @ 7.0% cap · market cap 2.09%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 596 Old Dixie Hwy, Vero Beach, FL 32962
FAQs
What type of property is this?
Automotive property - Successful automotive repair facility and car wash on US Highway-1.
Where is this automotive property located?
The property is located at US-1 Vero Beach, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Successful automotive repair and car wash business with real estate included on a prime corner location.; High‑profit margins: Repair facility grosses over $1 million annually with a 58% margin; car wash grosses over $275k annually.; **Fully remodeled automotive repair facility with 2 drive‑through jumbo bays, a separate lift bay, and new equipment.**
