12225 SW 112th St, Miami, FL 33186 — MLS photo

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12225 SW 112th St, Miami, FL 33186

Active · BusinessOpportunity

$370,000

12225 SW 112th St, Miami, FL 33186

Beds
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Living area
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About this property

Devonaire Service and Tire is a profitable, full-service automotive repair and tire shop with over 38 years of continuous operation and a strong South Florida reputation. The shop services American, Asian, and European vehicles and has a loyal customer base with excellent reviews. This is a fully equipped, turnkey operation with all assets included. The facility includes four service bays, a retail store, and parking for over 18 customers. It is conveniently located near the Florida Turnpike (1.3–4 miles) and the Don Shula Expressway, two exits away. The shop features professional, well-maintained equipment, including A/C diagnostic systems for 1234yf and R134A, a Hunter HawkEye Elite alignment system, a Hunter SmartWeight Touch wheel balancer with lift, and a Hunter TCX 535 tire changer. The business is fully licensed, organized, and easy to manage, with proven systems in place. It remained fully operational during COVID. The owner acts only as a sales advisor. A master technician and an additional technician are in place. The sale includes a 38-year customer database with over 2,000 active clients and complete vehicle histories. The business maintains established accounts with major tire and parts suppliers, including TIREHUB, ATD, NTW, TIRECO, Universal Tire, NAPA, Worldpac, IMC, and major dealerships, all with zero supplier balances. A rare opportunity to acquire a proven, profitable automotive business.

Property location

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12225 SW 112th St, Miami, FL 33186

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
BusinessOpportunity

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Miami-Dade
MLS listing ID
A11944817
Listing status
Active

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Estimated monthly cash flow

-$724

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$1,754/mo
Down payment
$92,500
Loan amount
$277,500
Annual NOI
$12,358

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.