Auto Repair Garage and Sales
For Sale
Contact for pricing
Pending
30 Summer St, Lunenburg, MA 01462
Improved auto repair garage with sales office on a paved, flat site.
Property Size4,200 SF
Lot Size1.27 Acres
Days on Market492
Property Features for 30 Summer St
General Information
Standard status
Pending
Size
4,200 SF
Lot size
1.27 Acres
Property subtype
RETAIL
Financials
Asking Price
$1,400,000
Business Included
Yes
Site & Location
Traffic Count
16,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
NAI Glickman Kovago & Jacobs
(508) 753-9100
Listed By:
Tim Whittredge · License #9562752-RE-S
(774) 239-1900
Source:
Moodyscre
Added: May 13, 2025
Changed: Sep 2
Last Checked: Sep 15 at 10:22AM
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 NAI Glickman Kovago & Jacobs
Investment Insights
Based on property information with market context.
This auto shop property is improved with a 4,200 SF repair garage plus a sales office. The site is a 1.27-acre, flat paved parcel, currently supporting an operation with 100+ licenses on site.
The property is located right off the intersection of Summer St and John Fitch Highway on the Lunenburg/Fitchburg border, with an AADT of 16,000 cars per day.
The existing garage and office layout can support vehicle-related uses, with redevelopment also possible for appropriate retail concepts.
The property is located right off the intersection of Summer St and John Fitch Highway on the Lunenburg/Fitchburg border, with an AADT of 16,000 cars per day.
The existing garage and office layout can support vehicle-related uses, with redevelopment also possible for appropriate retail concepts.
Key Highlights
- 1.27‑acre flat paved site
- 4,200 SF repair garage and sales office
- 100+ licenses on site
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
$62,107
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
4.44%
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%
$1,242,140
$1.2M
Cap Rate 7%
$887,243
$887.2K
Cap Rate 9%
$690,078
$690.1K
Market Conditions
NOI Build-Up for 4,200 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
$90.7K $21.60/SF
− Vacancy
−$2.0K −$0.48/SF
EGI
$88.7K $21.12/SF
− OpEx
−$26.6K −$6.34/SF
NOI
$62.1K $14.79/SF
Area
Worcester County, MA
Vacancy
2.20%
Lease Rate
$21.60 /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%
$1,242,140
Cap Rate 7%
$887,243
Cap Rate 9%
$690,078
Alternative Uses
Best Use
Retail
$887.2K
$776.3K – $1.04M
NOI $62,107 @ 7.0% cap · market cap 4.44%
Second Best
Industrial
$547.7K
$479.3K – $639.0K
NOI $38,341 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,397 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
16,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
47k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 18%
Home Improvements & Furnishings 12%
Electronics 7%
Dunkin' Donuts
Dining
11,757 visits/mo
0.3 miles
Ninety Nine Restaurants
Dining
9,985 visits/mo
0.4 miles
Gourmet Donuts
Dining
5,144 visits/mo
0.4 miles
Rocky's Ace Hardware
Home Improvements & Furnishings
4,959 visits/mo
0.2 miles
TD Bank
Shops & Services
4,829 visits/mo
0.1 miles
Demographics for 01462, MA
11,818
Population
4,711
Households
2.5
Avg Household Size
44
Median Age
45%
College-Educated
94%
High-School Grad
26.6 sq mi
ZIP Area
444
Density / Sq Mi
$109,884
Median Household Income
$58,844
Median Earnings
$1,784
Median Rent
$442,900
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
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- M&M Nario Autobody — 69 Benson St, Fitchburg, MA 01420
- Crawford Street Collision — 245 Crawford St, Fitchburg, MA 01420
- R Ts Auto Center — 101 Airport Rd, Fitchburg, MA 01420
Frequently Asked Questions
What type of property is this?
Auto shop - Improved auto repair garage with sales office on a paved, flat site.
Where is this auto shop located?
The property is located at 30 Summer St Lunenburg, MA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 1.27‑acre flat paved site; 4,200 SF repair garage and sales office; 100+ licenses on site
