Turnkey Automotive Repair
For Sale
$1,300,000
15 Atwood, Attleboro, MA 02703
Turnkey auto repair building with five service bays and four lifts, plus an included vacant lot across the street.
Property Size3,360 SF
Price / SF$386.90
Days on Market178
Property Features for 15 Atwood
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Commercial
Zoning
I
Additional Details
Business Included
Yes
Service Bays
5
Taxes and HOA fees
Annual Taxes
$5,742
Building Details
Building Size
3,360 SF
Year Built
1974
Listing Agency:
LPT Realty - Home & Key Group
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Mar 11
Changed: Sep 3
Last Checked: Sep 4 at 2:42AM
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 LPT Realty - Home & Key Group
Investment Insights
Based on property information with market context.
This turnkey automotive repair facility is set up for active service work, featuring five service bays and four lifts. The property also includes a newer split electrical system, giving flexibility to operate the entire building or rent out one side.
Included with the sale is an additional vacant lot located across the street, which can support extra parking, vehicle storage, or future expansion.
The facility is offered for sale as a ready-to-operate automotive repair location with service capacity designed for multiple vehicles at once.
Included with the sale is an additional vacant lot located across the street, which can support extra parking, vehicle storage, or future expansion.
The facility is offered for sale as a ready-to-operate automotive repair location with service capacity designed for multiple vehicles at once.
Key Highlights
- 1974‑built turnkey automotive repair facility with five service bays and four lifts
- Includes an additional vacant lot across the street for extra parking, vehicle storage, or future expansion
- Newer split electrical system allows operating the entire building or renting out one side
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
$69,008
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
5.31%
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%
$1,380,160
$1.4M
Cap Rate 7%
$985,829
$985.8K
Cap Rate 9%
$766,756
$766.8K
Market Conditions
NOI Build-Up for 3,360 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
$100.8K $30.00/SF
− Vacancy
−$2.2K −$0.66/SF
EGI
$98.6K $29.34/SF
− OpEx
−$29.6K −$8.80/SF
NOI
$69.0K $20.54/SF
Area
Bristol County, MA
Vacancy
2.20%
Lease Rate
$30.00 /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%
$1,380,160
Cap Rate 7%
$985,829
Cap Rate 9%
$766,756
Alternative Uses
Best Use
Retail
$985.8K
$862.6K – $1.15M
NOI $69,008 @ 7.0% cap · market cap 5.31%
Second Best
Industrial
$469.7K
$411.0K – $548.0K
NOI $32,881 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,233 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,367
Businesses Nearby
58k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 37%
Cumberland Farms
Shops & Services
14,741 visits/mo
0.4 miles
Dollar Tree
Shops & Services
14,277 visits/mo
0.4 miles
KFC
Dining
12,319 visits/mo
0.5 miles
SUBWAY
Dining
3,588 visits/mo
0.4 miles
D'Angelo Grilled Sandwiches
Dining
3,466 visits/mo
0.4 miles
Demographics for 02703, MA
46,389
Population
19,014
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
90%
High-School Grad
26.8 sq mi
ZIP Area
1,731
Density / Sq Mi
$93,352
Median Household Income
$51,637
Median Earnings
$1,446
Median Rent
$409,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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- Blais' Service Station Inc — 141 Pine St, Attleboro, MA 02703
- National Van Builders — 80 Pine St, Attleboro, MA 02703
Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey auto repair building with five service bays and four lifts, plus an included vacant lot across the street.
Where is this auto shop located?
The property is located at 15 Atwood Attleboro, MA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 1974‑built turnkey automotive repair facility with five service bays and four lifts; Includes an additional vacant lot across the street for extra parking, vehicle storage, or future expansion; Newer split electrical system allows operating the entire building or renting out one side
