Automotive Repair and Car
For Sale
Contact for pricing
US-1, Vero Beach, FL 32962
Successful automotive repair facility and car wash on US Highway-1.
Property Size7,618 SF
Price / SF$459.44
Days on Market1053
Property Features for US-1
General Information
Standard status
Active
Size
7,618 SF
Property subtype
Industrial
Zoning
Commercial General
Building Details
Year Built
1983
Year Renovated
1996
Tenancy
Single
Listing Agency:
SVN CP | Treasure Coast
Listed By:
Samuel Zuker · License #3507062
Source:
Crexi
Added: Oct 23, 2023
Changed: Sep 5
Last Checked: Sep 9 at 7:19AM
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
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
$116,946
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
3.34%
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%
$2,338,920
$2.3M
Cap Rate 7%
$1,670,657
$1.7M
Cap Rate 9%
$1,299,400
$1.3M
Market Conditions
NOI Build-Up for 7,618 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
$169.1K $22.20/SF
− Vacancy
−$13.2K −$1.73/SF
EGI
$155.9K $20.47/SF
− OpEx
−$39.0K −$5.12/SF
NOI
$116.9K $15.35/SF
Area
Indian River County, FL
Vacancy
7.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
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%
$2,338,920
Cap Rate 7%
$1,670,657
Cap Rate 9%
$1,299,400
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 96%
Home Improvements & Furnishings 4%
Dollar General
Shops & Services
6,204 visits/mo
0.5 miles
Citgo
Shops & Services
4,694 visits/mo
0.5 miles
Public Storage
Shops & Services
2,111 visits/mo
0.4 miles
Public Storage
Shops & Services
964 visits/mo
0.3 miles
City Electric Supply
Home Improvements & Furnishings
555 visits/mo
0.3 miles
Demographics for 32962, FL
26,011
Population
12,705
Households
2
Avg Household Size
49
Median Age
25%
College-Educated
90%
High-School Grad
12.5 sq mi
ZIP Area
2,081
Density / Sq Mi
$65,137
Median Household Income
$32,617
Median Earnings
$1,184
Median Rent
$247,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 596 Old Dixie Hwy, Vero Beach, FL 32962
Frequently Asked Questions
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.**
