Auto Repair Service
For Sale
$995,000
1855 County Street, Somerset, MA 02726
Two-building auto repair site with yard storage, including a two-bay garage and office/reception space.
Property Size3,000 SF
Lot Size0.72 Acres
Days on Market75
Property Features for 1855 County Street
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.72 Acres
Property subtype
Retail
Additional Details
Outdoor Storage
Yes
Service Bays
2
Building Details
Building Size
3,000 SF
Listing Agency:
MG Commercial
Listed By:
Dan Feiner · License #RI # RES.0029089
(401) 465-9224
Source:
Mgcommercial
Added: Jun 25
Changed: Sep 3
Last Checked: Sep 7 at 8:30AM
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 MG Commercial
Investment Insights
Based on property information with market context.
1855 County Street includes two commercial buildings on a 31,559-square-foot parcel. The front building is a two-bay garage designed for auto repair or service, with one office and a customer reception area. A rear building is currently used for storage and could be converted to a spray booth. The property also features outside yard space for sales and storage.
The front building is situated close to the road with strong visibility. The site benefits from signage and is located along a highly travelled commercial corridor, supporting convenient access and exposure for day-to-day operations.
The front building is situated close to the road with strong visibility. The site benefits from signage and is located along a highly travelled commercial corridor, supporting convenient access and exposure for day-to-day operations.
Key Highlights
- Two commercial buildings on a 31,559 SF (0.72 ac) parcel with outside yard space for sales and storage
- Front building features a two‑bay garage for auto repair/service plus an office and customer reception area
- Rear building is currently used for storage and could be converted to a spray booth
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
$61,614
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
6.19%
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%
$1,232,280
$1.2M
Cap Rate 7%
$880,200
$880.2K
Cap Rate 9%
$684,600
$684.6K
Market Conditions
NOI Build-Up for 3,000 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
$90.0K $30.00/SF
− Vacancy
−$2.0K −$0.66/SF
EGI
$88.0K $29.34/SF
− OpEx
−$26.4K −$8.80/SF
NOI
$61.6K $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%
$1,232,280
Cap Rate 7%
$880,200
Cap Rate 9%
$684,600
Alternative Uses
Best Use
Retail
$880.2K
$770.2K – $1.03M
NOI $61,614 @ 7.0% cap · market cap 6.19%
Second Best
Industrial
$419.4K
$367.0K – $489.3K
NOI $29,358 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,886 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02726, MA
15,671
Population
6,719
Households
2.3
Avg Household Size
46
Median Age
37%
College-Educated
93%
High-School Grad
5.5 sq mi
ZIP Area
2,849
Density / Sq Mi
$110,427
Median Household Income
$65,106
Median Earnings
$1,316
Median Rent
$389,300
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
- Norwest Automotive Inc — 1119 County St, Somerset, MA 02726
Frequently Asked Questions
What type of property is this?
Auto shop - Two-building auto repair site with yard storage, including a two-bay garage and office/reception space.
Where is this auto shop located?
The property is located at 1855 County Street Somerset, MA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two commercial buildings on a 31,559 SF (0.72 ac) parcel with outside yard space for sales and storage; Front building features a two‑bay garage for auto repair/service plus an office and customer reception area; Rear building is currently used for storage and could be converted to a spray booth
