Two-Bay Auto Repair
New
For Sale
$799,999
10 Riverside St, Lowell, MA 01854
The operating garage includes vehicle lifts and certification for Massachusetts and federal emissions repair.
Property Size1,424 SF
Price / SF$561.80
Days on Market2
Property Features for 10 Riverside St
General Information
Standard status
Active
Size
1,424 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Road Access
Yes
Service Bays
2
Taxes and HOA fees
Annual Taxes
$5,510
Building Details
Building Size
1,424 SF
Year Built
1940
Listed By:
Sam Meas
(781) 696-1324
Source:
Elliman
Added: Sep 26
Last Checked: Sep 26 at 2:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sam Meas
Investment Insights
Based on property information with market context.
This 1,424-square-foot auto repair property is offered with its operating business. The garage has two service bays and two lifts, with tools, fixtures, equipment, and inventory in place. Its capabilities cover gas, diesel, hybrid, and electric vehicles, from routine maintenance to diagnostics and repair. The facility is certified for emissions repair at both the Massachusetts and federal levels, and the business has served the area since 1980.
The building dates to 1940 and occupies the corner of Riverside Street (Route 110) and Mammoth Road in Lowell. The business serves customers from the Merrimack Valley and Southern New Hampshire. Operations are led by an ASE Certified Master Technician with more than 50 years of experience, alongside a team of certified technicians.
The building dates to 1940 and occupies the corner of Riverside Street (Route 110) and Mammoth Road in Lowell. The business serves customers from the Merrimack Valley and Southern New Hampshire. Operations are led by an ASE Certified Master Technician with more than 50 years of experience, alongside a team of certified technicians.
Key Highlights
- 1,424‑square‑foot auto repair facility
- Two service bays and two lifts
- Includes the operating business, equipment, tools, fixtures, and inventory
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,487
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$469,740
$469.7K
Cap Rate 7%
$335,529
$335.5K
Cap Rate 9%
$260,967
$261.0K
Market Conditions
NOI Build-Up for 1,424 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.9K $25.20/SF
− Vacancy
−$2.3K −$1.64/SF
EGI
$33.6K $23.56/SF
− OpEx
−$10.1K −$7.07/SF
NOI
$23.5K $16.49/SF
Area
Lowell, MA
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$469,740
Cap Rate 7%
$335,529
Cap Rate 9%
$260,967
Alternative Uses
Best Use
Retail
$335.5K
$293.6K – $391.5K
NOI $23,487 @ 7.0% cap · market cap 2.94%
Second Best
Industrial
$116.5K
$101.9K – $135.9K
NOI $8,152 @ 7.0% cap · market cap 1.02%
Theoretical Best
Office A
$501.2K
$438.6K – $584.7K
NOI $35,084 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Service bays
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,103
Businesses Nearby
74k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 43%
McDonald's
Dining
30,261 visits/mo
0.1 miles
Shell
Shops & Services
15,905 visits/mo
0.4 miles
Dunkin' Donuts
Dining
8,593 visits/mo
0.4 miles
7-Eleven
Shops & Services
8,457 visits/mo
0.1 miles
TD Bank
Shops & Services
7,490 visits/mo
0.1 miles
Demographics for 01854, MA
29,561
Population
10,960
Households
2.7
Avg Household Size
31
Median Age
30%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
7,390
Density / Sq Mi
$70,397
Median Household Income
$39,216
Median Earnings
$1,477
Median Rent
$360,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Auto shop - The operating garage includes vehicle lifts and certification for Massachusetts and federal emissions repair.
Where is this auto shop located?
The property is located at 10 Riverside St Lowell, MA.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: 1,424‑square‑foot auto repair facility; Two service bays and two lifts; Includes the operating business, equipment, tools, fixtures, and inventory
