Framingham Automotive Repair Shop For
For Sale
$600,000
150 Speen St, Framingham, MA 01701
Established automotive repair shop with loyal customer base and equipment.
Property Size4,800 SF
Price / SF$125
Days on Market187
Property Features for 150 Speen St
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Business Opportunity
Building Details
Year Built
1991
Listing Agency:
CR Premier Properties
Listed By:
Kerri Mullen · License #RES.0813471
(860) 481-5605
Source:
Lyvrealty
Added: Apr 22
Changed: Oct 4
Last Checked: Oct 24 at 10:39PM
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 CR Premier Properties
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Investment Insights
Based on property information with market context.
Located on Speen Street in Framingham, Massachusetts, this automotive shop has been specializing in Subaru and import repair for over 34 years. The shop operates in a leased space of approximately 4,800 square feet. The layout has been refined over decades to maximize efficiency. It features two oversized bay doors, a customer office with a restroom, a front counter, a back office, and an upstairs break room. The parts department is well-stocked with Subaru components, plus a loft for specialty or hard-to-find parts. The shop floor offers generous space with three two-post lifts and ample tool storage. Heating is provided via both refined and waste oil furnaces. The equipment includes stocked parts, jacks, hoists, gas torches, and more. The business holds a used car license (up to 10 vehicles) and two repair plates. This turnkey shop has great reviews and a loyal customer base.
Key Highlights
- Established Automotive Repair Business: Operating successfully for over 34 years with a loyal customer base and great reviews.
- Turnkey Operation: Includes stocked parts, tools, equipment (jacks, hoists, gas torches), and refined shop layout.
- Rare Licensing: Holds a used car license (up to 10 vehicles) and two repair plates.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,057
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,021,140
$1.0M
Cap Rate 7%
$729,386
$729.4K
Cap Rate 9%
$567,300
$567.3K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$77.2K $16.08/SF
− Vacancy
−$4.2K −$0.88/SF
EGI
$72.9K $15.20/SF
− OpEx
−$21.9K −$4.56/SF
NOI
$51.1K $10.64/SF
Area
Middlesex County, MA
Vacancy
5.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,021,140
Cap Rate 7%
$729,386
Cap Rate 9%
$567,300
Alternative Uses
Best Use
Retail
$985.6K
$862.4K – $1.15M
NOI $68,990 @ 7.0% cap · market cap 11.50%
Second Best
Industrial
$729.4K
$638.2K – $851.0K
NOI $51,057 @ 7.0% cap · market cap 8.51%
Theoretical Best
Office A
$2.84M
$2.49M – $3.32M
NOI $198,911 @ 7.0% cap · market cap 33.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
100k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 60%
Shops & Services 40%
The Home Depot
Home Improvements & Furnishings
59,845 visits/mo
0.4 miles
Cumberland Farms
Shops & Services
26,055 visits/mo
0.3 miles
Alltown
Shops & Services
8,776 visits/mo
0.3 miles
Shell
Shops & Services
5,752 visits/mo
0.3 miles
Demographics for 01701, MA
33,005
Population
13,131
Households
2.5
Avg Household Size
44
Median Age
61%
College-Educated
95%
High-School Grad
16.9 sq mi
ZIP Area
1,953
Density / Sq Mi
$127,000
Median Household Income
$69,672
Median Earnings
$1,973
Median Rent
$612,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
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- IreneRoad Car Towings LLC — 5 Chrysler Rd, Natick, MA 01760
- BJ's Tire Center — 26 Whittier St, Framingham, MA 01701
- BJ's Wholesale Club — 26 Whittier St, Framingham, MA 01701
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive repair shop with loyal customer base and equipment.
Where is this auto shop located?
The property is located at 150 Speen St Framingham, MA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Established Automotive Repair Business: Operating successfully for over 34 years with a loyal customer base and great reviews.; Turnkey Operation: Includes stocked parts, tools, equipment (jacks, hoists, gas torches), and refined shop layout.; Rare Licensing: Holds a used car license (up to 10 vehicles) and two repair plates.
