Automotive Repair Shop with Inspection
New
For Sale
$999,999
213 Peckham St, Fall River, MA 02724
Established facility supports commercial and non-commercial vehicle inspections and repairs.
Property Size5,520 SF
Price / SF$181.82
Days on Market6
Property Features for 213 Peckham St
General Information
Standard status
Active
Size
5,520 SF
Property subtype
Commercial
Zoning
Legal Conforming
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$7,363
Building Details
Building Size
5,520 SF
Year Built
1940
Listing Agency:
RE/MAX Impact
(401) 225-4510
Listed By:
Jonathan Wojtowicz · License #451503440
(401) 225-4510
Source:
Liongatere
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 30 at 5:37PM
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 RE/MAX Impact
Investment Insights
Based on property information with market context.
Built in 1940, this automotive property includes the real estate and operating business at 213 Peckham St in Fall River, Massachusetts. The facility provides over 5,500 square feet of garage and warehouse space configured for vehicle inspections and repair work. Its capabilities support both commercial and non-commercial vehicles.
The property is one of only two licensed commercial state inspection stations in Fall River. The business has operated for over 50 years, providing an established operating history alongside the physical facility. The sale combines the automotive business with its underlying real estate, offering a consolidated acquisition for an owner seeking an inspection and repair operation.
The property is one of only two licensed commercial state inspection stations in Fall River. The business has operated for over 50 years, providing an established operating history alongside the physical facility. The sale combines the automotive business with its underlying real estate, offering a consolidated acquisition for an owner seeking an inspection and repair operation.
Key Highlights
- Over 5,500 square feet of garage and warehouse space
- One of only two licensed commercial state inspection stations in Fall River
- Supports commercial and non‑commercial vehicle inspections and repairs
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
$71,255
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
7.13%
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%
$1,425,100
$1.4M
Cap Rate 7%
$1,017,929
$1.0M
Cap Rate 9%
$791,722
$791.7K
Market Conditions
NOI Build-Up for 5,500 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
$87.8K $15.96/SF
− Vacancy
−$4.0K −$0.72/SF
EGI
$83.8K $15.24/SF
− OpEx
−$12.6K −$2.29/SF
NOI
$71.3K $12.96/SF
Area
Bristol County, MA
Vacancy
4.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
15.00%
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%
$1,425,100
Cap Rate 7%
$1,017,929
Cap Rate 9%
$791,722
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $112,959 @ 7.0% cap · market cap 11.30%
Second Best
Warehouse
$1.02M
$890.7K – $1.19M
NOI $71,255 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$3.35M
$2.93M – $3.91M
NOI $234,458 @ 7.0% cap · market cap 23.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,298
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02724, MA
18,050
Population
8,808
Households
2
Avg Household Size
38
Median Age
15%
College-Educated
76%
High-School Grad
1.8 sq mi
ZIP Area
10,028
Density / Sq Mi
$49,809
Median Household Income
$42,334
Median Earnings
$1,105
Median Rent
$368,300
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- KDB auto services — 2205 S Main St, Fall River, MA 02724
- Manchester automotive — 67 Kay St, Fall River, MA 02724
- Monro Auto Service And Tire Centers — 129 Rhode Island Ave, Fall River, MA 02724
- Auto Doc — 65 tower st, fall river, ma 02724
- Pereira Enterprise LLC — 65 Tower St, Fall River, MA 02724
Frequently Asked Questions
What type of property is this?
Auto shop - Established facility supports commercial and non-commercial vehicle inspections and repairs.
Where is this auto shop located?
The property is located at 213 Peckham St Fall River, MA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Over 5,500 square feet of garage and warehouse space; One of only two licensed commercial state inspection stations in Fall River; Supports commercial and non‑commercial vehicle inspections and repairs
