Listing Agency: DMG Brokerage Show Phone

Listed By: Dan Gardner Show Phone

Source: Moodyscre

Added: May 22 Changed: Aug 7 Last Checked: Sep 12 at 3:47AM

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Investment Insights

Based on property information with market context.

This for-sale auto body and collision repair operation features a fully equipped shop designed for continued use. The sale includes the business along with the real estate, equipment, and a client list. The property also notes brand new AC and recent 21E.

The building is approximately 2,600 square feet on 0.297 acres. The operation is described as established, with an existing customer base and insurance relationships.

Ideal for an owner-operator or an expansion of an existing business, this offering presents a turn-key setup with the components needed to continue the current operation.

Key Highlights

• Approximately 2,600 SF building on 0.297 acres for an established auto body and collision repair operation
• Fully equipped shop included for immediate continued operation
• Sale includes the business plus real estate, equipment, and client list

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

$44,246

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

4.94%

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%

$884,920 $884.9K

Cap Rate 7%

$632,086 $632.1K

Cap Rate 9%

$491,622 $491.6K

Market Conditions

NOI Build-Up for 2,600 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

$64.9K $24.96/SF

− Vacancy

−$1.7K −$0.65/SF

EGI

$63.2K $24.31/SF

− OpEx

−$19.0K −$7.29/SF

NOI

$44.2K $17.02/SF

Area

Norfolk County, MA

Vacancy

2.60%

Lease Rate

$24.96 /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%

$884,920

Cap Rate 7%

$632,086

Cap Rate 9%

$491,622

Alternative Uses

Best Use

Retail

$632.1K

$553.1K – $737.4K (±1% cap)

NOI $44,246 @ 7.0% cap · market cap 4.94%

Second Best

Industrial

$395.1K

$345.7K – $460.9K (±1% cap)

NOI $27,656 @ 7.0% cap · market cap 3.09%

Theoretical Best

Office A

$1.54M

$1.35M – $1.80M (±1% cap)

NOI $107,743 @ 7.0% cap · market cap 12.04%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Limerick Collision Auto Repair Shop

Suggested Use

Top Pick Grocery & Convenience Store Pharmacy (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Carpet & Flooring Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

238

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 02053, MA

13,115

Population

4,601

Households

2.9

Avg Household Size

43

Median Age

62%

College-Educated

97%

High-School Grad

11.5 sq mi

ZIP Area

1,140

Density / Sq Mi

$174,357

Median Household Income

$78,321

Median Earnings

$1,570

Median Rent

$588,900

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• MCH Cycles — 10 Lincoln St, Medway, MA 02053
• Chris' Auto & Truck — 10 Lincoln St, Medway, MA 02053
• Limerick Collision — 298 Village St, Medway, MA 02053
• Havens Auto Body Repair — 117 Main St, Medway, MA 02053
• Hogan Tire & Auto — 85 Main St, Medway, MA 02053

Frequently Asked Questions

What type of property is this?

Auto shop - Fully equipped, established auto body and collision repair shop includes building, equipment, and business assets.

Where is this auto shop located?

The property is located at 298 Village St Medway, MA.

What is the asking price?

The asking price for this property is $895,000.

What are key features of this property?

This property features: Approximately 2,600 SF building on 0.297 acres for an established auto body and collision repair operation; Fully equipped shop included for immediate continued operation; Sale includes the business plus real estate, equipment, and client list