Turnkey Auto Body
For Sale
$1,699,000
20 Woodland St Methuen, Methuen, MA 01844
Established auto body business with real estate included near I-93.
Property Size5,660 SF
Lot Size0.71 Acres
Price / SF$300.18
Days on Market86
Property Features for 20 Woodland St Methuen
General Information
Standard status
Active
Size
5,660 SF
Lot size
0.71 Acres
Property subtype
Business Opportunity
Zoning
RD
Building Details
Building Size
5,660 SF
Year Built
2009
Listing Agency:
LAER Realty Partners
(508) 501-1443
Listed By:
Brian DaSilva
(508) 501-1443
Source:
Milestonerealtyinc
Added: May 16
Changed: Aug 8
Last Checked: Aug 8 at 3:13PM
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 is a turnkey auto body facility with an established business, equipment, and real estate included. The property is situated on a 0.71-acre lot and features a 5,600 square foot building. The building is fully equipped with four drive-in garage bays, three vehicle lifts, and a 14x26 professional spray booth. The interior includes a large open workspace along with an office and reception area. The expansive lot provides parking for approximately 50 vehicles. The property is conveniently located with quick access to I-93, Route 28, and I-495, offering excellent accessibility and visibility. This is a rare turnkey opportunity for an owner-operator or an investor.
Key Highlights
- Turnkey auto body facility: established business, equipment, and real estate included
- Includes Real Estate: .71‑acre lot with a 5,600± sq ft building
- Fully Equipped: Features four drive‑in garage bays, three vehicle lifts, and a 14X26 professional 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
$92,996
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
5.47%
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%
$1,859,920
$1.9M
Cap Rate 7%
$1,328,514
$1.3M
Cap Rate 9%
$1,033,289
$1.0M
Market Conditions
NOI Build-Up for 5,660 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
$135.8K $24.00/SF
− Vacancy
−$3.0K −$0.53/SF
EGI
$132.9K $23.47/SF
− OpEx
−$39.9K −$7.04/SF
NOI
$93.0K $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%
$1,859,920
Cap Rate 7%
$1,328,514
Cap Rate 9%
$1,033,289
Alternative Uses
Best Use
Retail
$1.33M
$1.16M – $1.55M
NOI $92,996 @ 7.0% cap · market cap 5.47%
Second Best
Industrial
$860.1K
$752.6K – $1.00M
NOI $60,205 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$3.35M
$2.93M – $3.91M
NOI $234,549 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - Established auto body business with real estate included near I-93.
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: Turnkey auto body facility: established business, equipment, and real estate included; Includes Real Estate: .71‑acre lot with a 5,600± sq ft building; Fully Equipped: Features four drive‑in garage bays, three vehicle lifts, and a 14X26 professional spray booth
