Auto Body & Car
For Sale
$650,000
620 Pond St, Woonsocket, RI 02895
Turnkey auto body and car sales business in Woonsocket, RI.
Property Size2,048 SF
Lot Size0.17 Acres
Price / SF$317.38
Days on Market140
Property Features for 620 Pond St
General Information
Standard status
Active
Size
2,048 SF
Lot size
0.17 Acres
Building Details
Year Built
1985
Listing Agency:
Boucher Real Estate
Listed By:
Gregory Smith · License #RES.0042933
(401) 766-2200
Source:
Alpernandmesenbourg
Added: Apr 25
Changed: Sep 4
Last Checked: Sep 9 at 9:19PM
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 Boucher Real Estate
Investment Insights
Based on property information with market context.
Berniers Auto Body and Car Sales in Woonsocket, Rhode Island, presents a rare opportunity to acquire a proven, profitable, and turnkey operation. This established business includes built-in customers and existing revenue streams. The property features a 7,405 sq. ft. lot with two buildings totaling 3,248 sq. ft. It also offers parking for approximately 20 vehicles. The sale includes all the equipment needed to continue operations. Bernier's has a loyal customer base and strategic positioning. This property is suitable for an owner-operator or an expanding automotive group seeking immediate revenue and long-term stability. The intended use of the property is for auto body and car sales.
Key Highlights
- Proven, profitable, turnkey auto body and car sales business with immediate cash flow.
- Established business with built‑in customer base and trusted name.
- Includes all equipment needed to continue operations.
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
$23,121
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
3.56%
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%
$462,420
$462.4K
Cap Rate 7%
$330,300
$330.3K
Cap Rate 9%
$256,900
$256.9K
Market Conditions
NOI Build-Up for 2,048 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
$36.9K $18.00/SF
− Vacancy
−$3.8K −$1.87/SF
EGI
$33.0K $16.13/SF
− OpEx
−$9.9K −$4.84/SF
NOI
$23.1K $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%
$462,420
Cap Rate 7%
$330,300
Cap Rate 9%
$256,900
Alternative Uses
Best Use
Retail
$330.3K
$289.0K – $385.4K
NOI $23,121 @ 7.0% cap · market cap 3.56%
Second Best
Industrial
$152.7K
$133.6K – $178.1K
NOI $10,687 @ 7.0% cap · market cap 1.64%
Theoretical Best
Multifamily LT 5
$487.1K
$426.3K – $568.3K
NOI $34,100 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
28k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 84%
Shops & Services 16%
Burger King
Dining
10,981 visits/mo
0.5 miles
Dunkin' Donuts
Dining
7,691 visits/mo
0.4 miles
Domino's Pizza
Dining
4,822 visits/mo
0.5 miles
Dollar General
Shops & Services
4,409 visits/mo
0.4 miles
Demographics for 02895, RI
43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
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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Similar Off Market Nearby
- Republic Services - Woonsocket — 292 E School St, Woonsocket, RI 02895
- Destiny Limousines Providence, Woonsocket, Bellingham, Warwick, Newport RI, MA, NYC — 55 Phebe St, Woonsocket, RI 02895
Frequently Asked Questions
What type of property is this?
Automotive property - Turnkey auto body and car sales business in Woonsocket, RI.
Where is this automotive property located?
The property is located at 620 Pond St Woonsocket, RI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Proven, profitable, turnkey auto body and car sales business with immediate cash flow.; Established business with built‑in customer base and trusted name.; Includes all equipment needed to continue operations.
