113 Valrico RdValrico, FL 33594

  • Retail properties
  • 6,880 SF
For Sale
$1,685,000 View listing

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
Retail properties
Property subtype
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
113 Valrico Rd, Valrico, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,819
$546,500
$568,632
$1,115,132
-
$546,500
$568,632
$1,115,132

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