Automotive Property With Multiple
New
For Sale
$1,600,000
187 N Main St, Brockton, MA 02301
Established automotive-use property with dealership, body shop, repair, and storage licenses included in the sale.
Property Size3,850 SF
Days on Market6
Property Features for 187 N Main St
General Information
Standard status
Active
Size
3,850 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$8,482
Building Details
Building Size
3,850 SF
Year Built
1927
Listing Agency:
(857) 205-5812
Listed By:
Hamilton Rodrigues · License #REB.0018381
(857) 205-5812
Source:
Elliman
Added: Aug 14
Changed: Aug 15
Last Checked: Aug 18 at 8:12AM
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 Hamilton Rodrigues
Investment Insights
Based on property information with market context.
Built in 1927, this automotive property at 187 N Main St includes four business licenses covering auto dealership, auto body work, auto repair or mechanical services, and auto storage. The license package supports several automotive operations from one location, subject to verification of transfer requirements and permitted uses.
The property fronts North Main Street in Brockton, Massachusetts. The site is positioned for automotive-oriented commercial use, with the included approvals and business rights forming the central component of the offering. Buyers should independently confirm licensing transferability and applicable use requirements before proceeding.
The property fronts North Main Street in Brockton, Massachusetts. The site is positioned for automotive-oriented commercial use, with the included approvals and business rights forming the central component of the offering. Buyers should independently confirm licensing transferability and applicable use requirements before proceeding.
Key Highlights
- Auto dealership license included
- Auto body license included
- Auto repair and mechanic facility license included
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
$54,744
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
3.42%
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%
$1,094,880
$1.1M
Cap Rate 7%
$782,057
$782.1K
Cap Rate 9%
$608,267
$608.3K
Market Conditions
NOI Build-Up for 3,850 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
$85.5K $22.20/SF
− Vacancy
−$7.3K −$1.89/SF
EGI
$78.2K $20.31/SF
− OpEx
−$23.5K −$6.09/SF
NOI
$54.7K $14.22/SF
Area
Brockton, MA
Vacancy
8.50%
Lease Rate
$22.20 /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%
$1,094,880
Cap Rate 7%
$782,057
Cap Rate 9%
$608,267
Alternative Uses
Best Use
Retail
$782.1K
$684.3K – $912.4K
NOI $54,744 @ 7.0% cap · market cap 3.42%
Second Best
Industrial
$576.3K
$504.3K – $672.4K
NOI $40,341 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,177 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,519
Businesses Nearby
26k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 43%
Home Improvements & Furnishings 9%
Dunkin' Donuts
Dining
9,948 visits/mo
0.3 miles
Speedway
Shops & Services
6,366 visits/mo
0.2 miles
Irving's Home Center
Home Improvements & Furnishings
2,266 visits/mo
0.2 miles
Firestone Complete Auto Care
Shops & Services
1,689 visits/mo
0.4 miles
Public Storage
Shops & Services
1,622 visits/mo
0.1 miles
Demographics for 02301, MA
69,418
Population
24,592
Households
2.8
Avg Household Size
37
Median Age
22%
College-Educated
81%
High-School Grad
12.4 sq mi
ZIP Area
5,598
Density / Sq Mi
$72,727
Median Household Income
$43,588
Median Earnings
$1,566
Median Rent
$414,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Established automotive-use property with dealership, body shop, repair, and storage licenses included in the sale.
Where is this automotive property located?
The property is located at 187 N Main St Brockton, MA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Auto dealership license included; Auto body license included; Auto repair and mechanic facility license included
