Auto Shop with Spray
New
For Sale
Contact for pricing
225 Kempton St, New Bedford, MA 02740
The property includes two separately deeded buildings positioned on opposite sides of the street.
Property Size9,592 SF
Price / SF$172.02
Days on Market4
Property Features for 225 Kempton St
General Information
Standard status
Active
Size
9,592 SF
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Amenities
spray booth
Building Details
Buildings
2
Listing Agency:
Coastal Commercial Real Estate
(508) 990-4280
Listed By:
Justin Grolley
(508) 990-4280
Source:
Moodyscre
Added: Aug 18
Changed: Aug 21
Last Checked: Aug 21 at 6:44AM
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 Coastal Commercial Real Estate
Investment Insights
Based on property information with market context.
This auto shop property includes a 9,592-square-foot facility arranged for collision repair and related automotive work. Improvements include a spray booth, multiple work bays, parking, and the tools, fixtures, and equipment associated with the operation. The source information also identifies frame straightening, automotive painting, and insurance-approved repair capabilities.
Two individually deeded buildings are located on opposite sides of the street, creating separate physical components within the property. The site fronts Route 6 and provides access to Route 195, with traffic exposure along the route. The business has operated for decades and serves both individual drivers and insurance partners.
Two individually deeded buildings are located on opposite sides of the street, creating separate physical components within the property. The site fronts Route 6 and provides access to Route 195, with traffic exposure along the route. The business has operated for decades and serves both individual drivers and insurance partners.
Key Highlights
- 9,592‑square‑foot auto shop facility
- Spray booth and multiple work bays
- Tools, fixtures, and equipment included
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
$129,722
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
7.86%
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%
$2,594,440
$2.6M
Cap Rate 7%
$1,853,171
$1.9M
Cap Rate 9%
$1,441,356
$1.4M
Market Conditions
NOI Build-Up for 9,592 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
$201.4K $21.00/SF
− Vacancy
−$16.1K −$1.68/SF
EGI
$185.3K $19.32/SF
− OpEx
−$55.6K −$5.80/SF
NOI
$129.7K $13.52/SF
Area
New Bedford, MA
Vacancy
8.00%
Lease Rate
$21.00 /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%
$2,594,440
Cap Rate 7%
$1,853,171
Cap Rate 9%
$1,441,356
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,722 @ 7.0% cap · market cap 7.86%
Second Best
Industrial
$1.35M
$1.18M – $1.57M
NOI $94,415 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$2.83M
$2.47M – $3.30M
NOI $197,979 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,172
Businesses Nearby
51k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 25%
Hotels & Casinos 3%
McDonald's
Dining
19,099 visits/mo
0.1 miles
KFC
Dining
14,064 visits/mo
0.1 miles
Bank of America
Shops & Services
11,555 visits/mo
0.3 miles
Dunkin' Donuts
Dining
3,457 visits/mo
0.3 miles
New Bedford Harbor Hotel
Hotels & Casinos
1,798 visits/mo
0.3 miles
Demographics for 02740, MA
45,166
Population
20,532
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
77%
High-School Grad
5.7 sq mi
ZIP Area
7,924
Density / Sq Mi
$54,563
Median Household Income
$39,310
Median Earnings
$1,052
Median Rent
$303,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - The property includes two separately deeded buildings positioned on opposite sides of the street.
Where is this auto shop located?
The property is located at 225 Kempton St New Bedford, MA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 9,592‑square‑foot auto shop facility; Spray booth and multiple work bays; Tools, fixtures, and equipment included
