447 Center St, Ludlow, MA
1449 SF auto sales property with mechanic lifts.
- Added:
- Aug 22, 2024
- Days on Market:
- 662
- Last Refresh:
- May 20 at 9:16 pm
Property Features for 447 Center St
General Information
- Standard status
- Active
- Size
- 1,449 SF
- Lot size
- 0.28 Acres
- Property subtype
- RETAIL
Listing agent Brendan Greeley (413) 478-1005
Listing office RJ Greeley Company (413) 478-1005
Listing date Aug 22, 2024
Source Moodyscre
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 RJ Greeley Company
HighLights
- High visibility location with 15,000+ vehicles passing daily.
- Class II used car dealer license included (up to 25 vehicles).
- Garage equipped with two auto mechanic lifts.
- Approximately 1,449 square feet of office space.
- Currently operating as Ludlow Auto Sales.
- Proximity to the Massachusetts Turnpike.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.8k | $24.00 |
| − Vacancy | −$765 | −$0.53 |
| EGI | $34.0k | $23.47 |
| − OpEx | −$10.2k | −$7.04 |
| NOI | $23.8k | $16.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ludlow
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.4809
- Latitude
- 42.1692
