Auto Repair Shop For
For Sale
Contact for pricing
1808 N Main St, Newton, KS 67114
Commercial property with established auto repair business and equipment.
Property Size6,084 SF
Price / SF$115.06
Days on Market193
Property Features for 1808 N Main St
General Information
Standard status
Active
Size
6,084 SF
Class
B
Property subtype
Business for Sale, Industrial, Mixed Use, Special Purpose
Zoning
C-2
Building Details
Buildings
1
Stories
1
Units
1
Listing Agency:
Red Bridge Commercial Real Estate, LLC
Listed By:
Ben Reed · License #248243
Source:
Crexi
Added: Jan 30
Changed: Aug 8
Last Checked: Aug 10 at 12:22PM
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 Red Bridge Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This commercial property, currently operating as Kansas Auto Repair, offers a high-visibility location. The 6,084 square foot facility is fully heated and cooled, providing a climate-controlled environment. Purchase options include acquiring the business and real estate as a turnkey operation, or purchasing the real estate independently. Professional-grade shop equipment may be included.
Key Highlights
- High‑visibility location ideal for commercial use
- Climate‑controlled facility (heated and cooled)
- Turnkey opportunity to acquire established auto repair business and real estate
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
$52,562
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
7.51%
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%
$1,051,240
$1.1M
Cap Rate 7%
$750,886
$750.9K
Cap Rate 9%
$584,022
$584.0K
Market Conditions
NOI Build-Up for 6,084 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
$80.3K $13.20/SF
− Vacancy
−$5.2K −$0.86/SF
EGI
$75.1K $12.34/SF
− OpEx
−$22.5K −$3.70/SF
NOI
$52.6K $8.64/SF
Area
Harvey County, KS
Vacancy
6.50%
Lease Rate
$13.20 /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%
$1,051,240
Cap Rate 7%
$750,886
Cap Rate 9%
$584,022
Alternative Uses
Best Use
Retail
$750.9K
$657.0K – $876.0K
NOI $52,562 @ 7.0% cap · market cap 7.51%
Second Best
Industrial
$521.3K
$456.1K – $608.2K
NOI $36,489 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,413 @ 7.0% cap · market cap 12.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
23k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 48%
Shops & Services 43%
Dining 6%
Electronics 3%
Graber's Ace Hardware
Home Improvements & Furnishings
8,771 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
4,014 visits/mo
0.3 miles
Union State Bank
Shops & Services
3,585 visits/mo
0.2 miles
Intrust Bank
Shops & Services
1,729 visits/mo
0.3 miles
Druber's Donut Shop
Dining
1,313 visits/mo
0.2 miles
Demographics for 67114, KS
21,375
Population
9,382
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
91%
High-School Grad
236.9 sq mi
ZIP Area
90
Density / Sq Mi
$68,393
Median Household Income
$39,617
Median Earnings
$909
Median Rent
$164,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Don's Repair — 117 W 12th St, Newton, KS 67114
- Bud & Steve Auto Service — 1201 N Main St, Newton, KS 67114
- Kansas Auto Repair — 1808 N Main St, Newton, KS 67114
- Newton Fast Lube — Newton, KS 67114
- Kemph's Repair — 109 E 17th St #1913, Newton, KS 67114
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property with established auto repair business and equipment.
Where is this auto shop located?
The property is located at 1808 N Main St Newton, KS.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: High‑visibility location ideal for commercial use; Climate‑controlled facility (heated and cooled); Turnkey opportunity to acquire established auto repair business and real estate
