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 Market1099
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: Oct 24
Last Checked: Oct 24 at 4:19PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$116,946
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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.**
