113 Valrico RdValrico, FL 33594

Property Details for 113 Valrico Rd

Year built

2003

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.49 AC

Property size (Sq ft)

6,880 SF

Zone code

PD

Property type

Car washes

APN

U302921ZZZ000004161205

APU

U302921ZZZ000004161205

Description

This exceptional investment opportunity presents a thriving, fully operational car wash and retail center in Valrico, Florida. Located on a 1.5-acre lot at 113 S Valrico Rd, 33594, this two-story property boasts 65,000 square feet, including a high-efficiency tunnel wash, five self-service bays, and 5,000 square feet of net rentable space. The property enjoys 100% occupancy, generating a strong NOI of $244,000 and a compelling 14.48% cap rate. Two leased retail spaces and an upstairs office contribute to the consistent monthly revenue stream, further enhanced by self-service vacuums and monthly subscriptions. Situated on a busy road with approximately 15,000 vehicles passing daily, the center benefits from high visibility and easy access, complemented by its proximity to major retailers like Publix, CVS, and Chase Bank. The property includes an additional 0.5 acres of vacant commercially-zoned land, presenting significant expansion potential for additional retail units, offices, or services such as a detail center or pet wash. The asking price is $1,685,000 ($25.92/sq ft), and conventional financing, SBA loans, and other options are available. The absentee owner is highly motivated to sell due to health reasons and is open to all offers. This turnkey operation, accepting both cash and credit card payments, offers a rare blend of immediate income and substantial growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,087,988

  6.5%

  $1,927,374

  7%

  $1,789,704

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,166,366

  Geo Method

  $3,166,366

• Alternative Use

  Use

  Valuation

  Residential

  $1,625,812

  Hospitality

  $1,489,235

  Educational

  $1,239,026

  Medical

  $1,281,638

  Retail

  $1,927,374

Location Insight

City

Valrico

County

Hillsborough

State

Florida

Latitude

27.9364

Longitude

-82.252

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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