Turnkey Automotive Repair
For Sale
Contact for pricing
151 2nd St, Clifton, CO 81520
Move-in ready 4-bay automotive repair facility with a dedicated paint bay and spray booth.
Property Size4,995 SF
Price / SF$85.09
Days on Market148
Property Features for 151 2nd St
General Information
Standard status
Active
Size
4,995 SF
Property subtype
Industrial
Zoning
commercial
Lease Type
NNN
Additional Details
Business Included
Yes
Service Bays
4
Building Details
Year Built
1975
Year Renovated
1990
Buildings
2
Stories
1
Units
2
Listing Agency:
Coldwell Banker Commercial Prime Properties
Listed By:
Sheri Heath · License #CO
Source:
Crexi
Added: Apr 13
Changed: Aug 27
Last Checked: Sep 6 at 3:50PM
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 Coldwell Banker Commercial Prime Properties
Investment Insights
Based on property information with market context.
A well-established, fully equipped 4-bay automotive repair shop with a dedicated paint bay is available for sale. The facility is move-in ready and supports full-service repair work alongside professional collision and refinishing. On-site features include a drive-through layout, compressor lines throughout the shop, and a spray booth.
The property is positioned for automotive operations, with a configuration designed to accommodate vehicle flow through the shop. In addition to repairs, the property’s other uses include equipment and rental sales, and the sale of motorcycle and off-road vehicles.
Additional stated use includes light manufacturing. The offering is suited for an owner-operator or an investor seeking a turnkey automotive operation or to expand an existing shop.
The property is positioned for automotive operations, with a configuration designed to accommodate vehicle flow through the shop. In addition to repairs, the property’s other uses include equipment and rental sales, and the sale of motorcycle and off-road vehicles.
Additional stated use includes light manufacturing. The offering is suited for an owner-operator or an investor seeking a turnkey automotive operation or to expand an existing shop.
Key Highlights
- Well‑established 4‑bay automotive repair shop built in 1975
- Dedicated paint bay plus spray booth for professional collision and refinishing work
- Drive‑through layout designed for in‑and‑out workflow
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
$38,461
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
9.05%
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%
$769,220
$769.2K
Cap Rate 7%
$549,443
$549.4K
Cap Rate 9%
$427,344
$427.3K
Market Conditions
NOI Build-Up for 4,995 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
$58.1K $11.64/SF
− Vacancy
−$3.2K −$0.64/SF
EGI
$54.9K $11.00/SF
− OpEx
−$16.5K −$3.30/SF
NOI
$38.5K $7.70/SF
Area
Mesa County, CO
Vacancy
5.50%
Lease Rate
$11.64 /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%
$769,220
Cap Rate 7%
$549,443
Cap Rate 9%
$427,344
Alternative Uses
Best Use
Retail
$676.8K
$592.2K – $789.7K
NOI $47,379 @ 7.0% cap · market cap 11.15%
Second Best
Industrial
$549.4K
$480.8K – $641.0K
NOI $38,461 @ 7.0% cap · market cap 9.05%
Theoretical Best
Healthcare Medical
$9.48M
$8.29M – $11.06M
NOI $663,536 @ 7.0% cap · market cap 156.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81520, CO
14,042
Population
5,411
Households
2.6
Avg Household Size
35
Median Age
11%
College-Educated
81%
High-School Grad
20.5 sq mi
ZIP Area
685
Density / Sq Mi
$50,769
Median Household Income
$34,375
Median Earnings
$1,013
Median Rent
$228,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Scott's Clifton Automotive & Repair — 3206 e rd, clifton, co 81520
- Scott's Grand Junction Auto — 3206 E Rd, Clifton, CO 81520
- Express Care — 504 32 rd, clifton, co 81520
- Quality Auto Glass — 3213 1/2 Bunting Ave, Clifton, CO 81520
- K C Mechanics Inc — 539 32 Rd, Clifton, CO 81520
Frequently Asked Questions
What type of property is this?
Auto shop - Move-in ready 4-bay automotive repair facility with a dedicated paint bay and spray booth.
Where is this auto shop located?
The property is located at 151 2nd St Clifton, CO.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Well‑established 4‑bay automotive repair shop built in 1975; Dedicated paint bay plus spray booth for professional collision and refinishing work; Drive‑through layout designed for in‑and‑out workflow
