900 Us Highway 27South Bay, FL 33493

Property Details for 900 Us Highway 27

Year built

2021

Construction

STEEL FRAME

Lot size

4.43 AC

Property size (Sq ft)

7,116 SF

Zone code

I-L

Property type

Other commercial real estate

Property subtype

Showrooms

APN

58-36-44-11-00-000-3030

APU

58364411000003030

Description

This exceptional, turn-key truck service center in South Bay, Florida, presents a rare investment opportunity. Boasting 193,842 square feet on approximately 4.5 acres of land along US Hwy 27, this property includes an automated truck wash, a two-bay mechanic shop with a service pit offering comprehensive services (lube/oil changes, diagnostics, engine and brake repair, tire services, fuel systems, preventative maintenance, cooling systems, electrical, and welding), a retail store for truck parts and accessories, and ample parking for approximately 20 full combo rig trucks. The property benefits from a high daily traffic count (18,400 vehicles) on a major north-south travel corridor and established distribution relationships with protected territories, allowing for increased profit margins. The current NOI is $425,000, representing a 7.73% cap rate on the $5,500,000 asking price. Significant expansion potential exists in areas such as cold storage, self-storage, and online sales/export of parts and accessories. This property is strategically located in South Florida and is suitable for E2/L1/EB5 investment visas. The property's diverse revenue streams and established infrastructure make it an attractive investment for both experienced and emerging entrepreneurs in the transportation and logistics industry.

• CAP approach

  CAP return

  Valuation

  6%

  $3,215,857

  6.5%

  $2,968,484

  7%

  $2,756,449

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,988,413

  Geo Method

  $4,988,413

• Alternative Use

  Use

  Valuation

  Residential

  $2,504,027

  Hospitality

  $2,293,675

  Educational

  $1,908,311

  Medical

  $1,973,941

  Retail

  $2,968,484

Location Insight

City

South Bay

County

Palm Beach

State

Florida

Latitude

26.6772

Longitude

-80.7231

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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