Auto Body Repair Shop with Drive-In
For Sale
Contact for pricing
20 Woodland Street, Methuen, MA 01844
Busy, fully equipped auto body repair shop on a .71-acre lot with four drive-in bays, lifts, and a spray booth.
Property Size5,600 SF
Lot Size0.71 Acres
Price / SF$303.57
Days on Market189
Property Features for 20 Woodland Street
General Information
Standard status
Active
Size
5,600 SF
Total Parking Spaces
50
Lot size
0.71 Acres
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Service Bays
4
Amenities
spray booth
office/reception area
Building Details
Buildings
1
Listing Agency:
LAER Realty Partners
(978) 777-5509
Listed By:
John Laffy
(979) 273-1113
Source:
Moodyscre
Added: Mar 12
Changed: Aug 16
Last Checked: Sep 15 at 7:11AM
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.
A fully equipped auto body repair shop offered together with the underlying real estate. The property includes a 5,600± SF building with four drive-in garage bays, three vehicle lifts, and a 14X26 professional spray booth. Inside, there is a large open workspace along with an office/reception area built for efficient day-to-day operations.
Set on a .71-acre lot, the shop offers parking for approximately 50+/- vehicles. The property is positioned for convenient access to I-93, Route 28, and I-495, supporting visibility and straightforward customer and workforce access.
This offering is designed for an owner-operator or an investor seeking an operational automotive repair facility with the key functional improvements already in place. Buyer to perform due diligence.
Set on a .71-acre lot, the shop offers parking for approximately 50+/- vehicles. The property is positioned for convenient access to I-93, Route 28, and I-495, supporting visibility and straightforward customer and workforce access.
This offering is designed for an owner-operator or an investor seeking an operational automotive repair facility with the key functional improvements already in place. Buyer to perform due diligence.
Key Highlights
- 5,600± SF auto body repair shop building
- Four drive‑in garage bays for vehicle intake and service
- Three vehicle lifts plus 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
$92,010
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
5.41%
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 5.41%
Second Best
Industrial
$851.0K
$744.6K – $992.8K
NOI $59,567 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$3.32M
$2.90M – $3.87M
NOI $232,063 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Service bays
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Harry’s Auto Body — 1030 Riverside Dr, Methuen, MA 01844
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- Pro Auto Repair — 1020 Riverside Dr, Methuen, MA 01844
- V.N.A Towing — 652 Lowell St, Lawrence, MA 01841
- State Inspection Vehicle Check — 576 Haverhill St, Lawrence, MA 01841
Frequently Asked Questions
What type of property is this?
Auto shop - Busy, fully equipped auto body repair shop on a .71-acre lot with four drive-in bays, lifts, and a spray booth.
Where is this auto shop located?
The property is located at 20 Woodland Street Methuen, MA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 5,600± SF auto body repair shop building; Four drive‑in garage bays for vehicle intake and service; Three vehicle lifts plus a 14X26 professional spray booth
