Pawtucket Auto Business
For Sale
$1,200,000
1153 Central Avenue, Pawtucket, RI 02861
Established auto sales, body, and towing business for sale.
Property Size8,200 SF
Lot Size0.74 Acres
Price / SF$146.34
Days on Market302
Property Features for 1153 Central Avenue
General Information
Standard status
Active
Size
8,200 SF
Total Parking Spaces
24
Lot size
0.74 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,436
Building Details
Year Built
1940
Buildings
1
Listing Agency:
Century 21 Limitless
(508) 726-3492
Listed By:
Kyle Seyboth · License #REC.0005226
(508) 726-3492
Source:
Liongatere
Added: Oct 14, 2025
Changed: Aug 8
Last Checked: Aug 11 at 1:41PM
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 Century 21 Limitless
Investment Insights
Based on property information with market context.
An established auto sales, auto body, and towing operation is available for purchase in Pawtucket. The property is situated on a 32,234 square foot lot and includes an 8,200 square foot building. The site has space for up to 100 cars. The entire lot is gated and fenced.
Key Highlights
- Established auto sales, auto body, and towing business in Pawtucket.
- Large 32,234 square foot lot with ample space for up to 100 cars.
- Includes an 8,200 square foot building.
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
$92,575
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
7.71%
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%
$1,851,500
$1.9M
Cap Rate 7%
$1,322,500
$1.3M
Cap Rate 9%
$1,028,611
$1.0M
Market Conditions
NOI Build-Up for 8,200 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
$147.6K $18.00/SF
− Vacancy
−$15.4K −$1.87/SF
EGI
$132.2K $16.13/SF
− OpEx
−$39.7K −$4.84/SF
NOI
$92.6K $11.29/SF
Area
Providence County, RI
Vacancy
10.40%
Lease Rate
$18.00 /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%
$1,851,500
Cap Rate 7%
$1,322,500
Cap Rate 9%
$1,028,611
Alternative Uses
Best Use
Retail
$1.32M
$1.16M – $1.54M
NOI $92,575 @ 7.0% cap · market cap 7.71%
Second Best
Industrial
$611.3K
$534.9K – $713.2K
NOI $42,792 @ 7.0% cap · market cap 3.57%
Theoretical Best
Multifamily LT 5
$1.95M
$1.71M – $2.28M
NOI $136,534 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
46k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 30%
Home Improvements & Furnishings 18%
Speedway
Shops & Services
11,224 visits/mo
0.4 miles
Dunkin' Donuts
Dining
10,704 visits/mo
0.0 miles
Rocky's Ace Hardware
Home Improvements & Furnishings
8,390 visits/mo
0.1 miles
Dollar General
Shops & Services
7,954 visits/mo
0.1 miles
7-Eleven
Shops & Services
2,927 visits/mo
0.4 miles
Demographics for 02861, RI
27,833
Population
11,928
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
3.6 sq mi
ZIP Area
7,731
Density / Sq Mi
$83,044
Median Household Income
$47,384
Median Earnings
$1,278
Median Rent
$285,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Automotive property - Established auto sales, body, and towing business for sale.
Where is this automotive property located?
The property is located at 1153 Central Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Established auto sales, auto body, and towing business in Pawtucket.; Large 32,234 square foot lot with ample space for up to 100 cars.; Includes an 8,200 square foot building.
