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Property profile & analytics
OFF-MARKET
Auto shops

101 3rd St Satellite Beach, FL 32937-2011

2,625 SF 0.38 ac lot Built 1991
Entity Owned 22-yr Hold Free & Clear
Property ID
US18-0253005
Property summary
AI-generated overview

This exceptional investment opportunity presents a vacant 2,625-2,975 square foot auto repair shop situated on a 0.38-acre lot in Satellite Beach, Florida. The property boasts a prime location at the northwest corner of SR 404 Pineda Causeway, A1A Coastal Highway, and Third Street, offering significant road frontage on three sides (approximately 83 feet on A1A and 212 feet on Third Street). Built in 1991, the masonry concrete building features six roll-up doors, a five-bay garage, and four 9,000-lb. asymmetric lifts, plus one Hunter drive-on alignment lift with jacks and plates. The interior includes a 350 square foot office/lobby area with a customer restroom and a single-unit window AC unit, along with an employee restroom. The property is zoned BU-1 and offers easy access to A1A. The previous business serviced approximately 2,600+ cars annually. This property presents a unique chance to acquire a well-equipped auto repair facility in a high-traffic location with significant potential for growth. The property is vacant and ready for immediate occupancy. Showings are by appointment only.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1991
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,625 SF
Lot 0.38 ac (16,553 SF)
Zoning code BU1
APN 26-37-23-26-00013.0-0001.00
UPID US18-0253005
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Honest Engines LLC · 22 yrs held
Honest Engines LLC
since 2003
3 recorded transactions
2003
Price N/A
2003
$203,000
2003
$155,000
Zoning & alternative use
BU1 · Satellite Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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