Five-Bay Auto Repair
For Sale
$1,300,000
15 Atwood, Attleboro, MA 02703
Commercial Sale, Attleboro, MA
Property Size3,360 SF
Lot Size0.24 Acres
Price / SF$386.90
Days on Market178
Property Features for 15 Atwood
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I
Zoning description
Legal Conforming
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
Use GPS
Standard status
Active
APN
2758382
Size
3,360 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5742
Amenities
lifts
split electrical system
Building Details
Year built
1974
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
(508) 677-3233
Listed By:
Clifford Ponte · License #9554597
(508) 675-0995
Added: Mar 11
Changed: Sep 3
Last Checked: Sep 4 at 5:06AM
MLS# 73485107
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This automotive repair property includes a 3,360-square-foot building with five service bays and four lifts. Built in 1974, the facility has a newer split electrical system that can support operation of the full building or separate use of one side. The property is zoned I and includes a bathroom.
The sale also includes a 0.2426-acre vacant lot across the street. The additional parcel can support parking, vehicle storage, or future expansion, subject to applicable requirements. The property is located at 15 Atwood in Attleboro, Massachusetts.
The sale also includes a 0.2426-acre vacant lot across the street. The additional parcel can support parking, vehicle storage, or future expansion, subject to applicable requirements. The property is located at 15 Atwood in Attleboro, Massachusetts.
Key Highlights
- Five service bays and four lifts
- 3,360‑square‑foot automotive repair building
- Newer split electrical system
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Leins Auto Repair — 141 Pine St, Attleboro, MA 02703
- 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 - Automotive repair property with split electrical service and a separate 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: Five service bays and four lifts; 3,360‑square‑foot automotive repair building; Newer split electrical system
