Auto Body Repair Shop with Real
For Sale
$1,699,000
20 Woodland St Methuen, Methuen, MA 01844
Turnkey auto body facility with four drive-in bays, vehicle lifts, and a professional spray booth on a large paved lot.
Property Size5,600 SF
Lot Size0.71 Acres
Price / SF$303.39
Days on Market69
Property Features for 20 Woodland St Methuen
General Information
Standard status
Active
Size
5,600 SF
Lot size
0.71 Acres
Zoning
RD
Additional Details
Business Included
Yes
Highway Access
Yes
Drive-In Doors
4
Taxes and HOA fees
Annual Taxes
$11,494
Building Details
Year Built
1920
Listing Agency:
LAER Realty Partners
(508) 501-1443
Listed By:
Alyson Roslonek
(508) 501-1443
Source:
Milestonerealtyinc
Added: Jun 4
Changed: Aug 9
Last Checked: Aug 11 at 4:47AM
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 LAER Realty Partners
Investment Insights
Based on property information with market context.
This offering combines a well-established auto body repair business with the underlying real estate. The property includes a 5,600± square foot building equipped for collision and refinishing work, featuring four drive-in garage bays, three vehicle lifts, and a 14 x 26 professional spray booth. Inside, the layout provides a large open workspace along with an office and reception area to support daily production and customer intake. The exterior includes an expansive lot with parking for approximately 50+/- vehicles, supporting both customer traffic and vehicle staging.
Access and visibility are supported by convenient connections to I-93, Route 28, and I-495. The site’s .71-acre footprint provides room for operations and vehicle handling, while the drive-in configuration supports efficient flow for repair work.
For an owner-operator, this is a practical setup built for day-to-day auto body operations, with core equipment already in place. For an investor, the asset is presented as a combined real estate and operating business opportunity, with the buyer to complete due diligence regarding the business and property. Potential buyers should verify all details and operating requirements through their own investigation.
Access and visibility are supported by convenient connections to I-93, Route 28, and I-495. The site’s .71-acre footprint provides room for operations and vehicle handling, while the drive-in configuration supports efficient flow for repair work.
For an owner-operator, this is a practical setup built for day-to-day auto body operations, with core equipment already in place. For an investor, the asset is presented as a combined real estate and operating business opportunity, with the buyer to complete due diligence regarding the business and property. Potential buyers should verify all details and operating requirements through their own investigation.
Key Highlights
- 5,600± SF auto body repair shop on a 0.71‑acre lot with four drive‑in garage bays
- Equipped with three vehicle lifts and a 14x26 professional spray booth
- Includes an office/reception area and a large open workspace for day‑to‑day operations
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
$92,010
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
5.42%
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%
$1,840,200
$1.8M
Cap Rate 7%
$1,314,429
$1.3M
Cap Rate 9%
$1,022,333
$1.0M
Market Conditions
NOI Build-Up for 5,600 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
$134.4K $24.00/SF
− Vacancy
−$3.0K −$0.53/SF
EGI
$131.4K $23.47/SF
− OpEx
−$39.4K −$7.04/SF
NOI
$92.0K $16.43/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$24.00 /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%
$1,840,200
Cap Rate 7%
$1,314,429
Cap Rate 9%
$1,022,333
Alternative Uses
Best Use
Retail
$1.31M
$1.15M – $1.53M
NOI $92,010 @ 7.0% cap · market cap 5.42%
Second Best
Industrial
$851.0K
$744.6K – $992.8K
NOI $59,567 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$3.32M
$2.90M – $3.87M
NOI $232,063 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
8k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
8,496 visits/mo
0.4 miles
Demographics for 01844, MA
52,970
Population
19,496
Households
2.7
Avg Household Size
42
Median Age
30%
College-Educated
89%
High-School Grad
22.1 sq mi
ZIP Area
2,397
Density / Sq Mi
$103,292
Median Household Income
$52,176
Median Earnings
$1,610
Median Rent
$471,900
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
- V.N.A Towing — 652 Lowell St, Lawrence, MA 01841
- Excel Auto Body LLC — 1020 Riverside Dr, Methuen, MA 01844
- Pro Auto Repair — 1020 Riverside Dr, Methuen, MA 01844
- Harry’s Auto Body — 1030 Riverside Dr, Methuen, MA 01844
- State Inspection Vehicle Check — 576 Haverhill St, Lawrence, MA 01841
Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey auto body facility with four drive-in bays, vehicle lifts, and a professional spray booth on a large paved lot.
Where is this auto shop located?
The property is located at 20 Woodland St Methuen Methuen, MA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: 5,600± SF auto body repair shop on a 0.71‑acre lot with four drive‑in garage bays; Equipped with three vehicle lifts and a 14x26 professional spray booth; Includes an office/reception area and a large open workspace for day‑to‑day operations
