Automotive Dealership with Service
For Sale
$3,899,000
32 Schoosett Street, Pembroke, MA 02359
Automotive facility with showroom, service shop with six lifts, and large on-site vehicle parking.
Property Size20,000 SF
Lot Size2.30 Acres
Price / SF$194.95
Days on Market244
Property Features for 32 Schoosett Street
General Information
Standard status
Active
Size
20,000 SF
Lot size
2.30 Acres
Property subtype
Commercial
Zoning
Business B
Lease Term
[]
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Service Bays
6
Amenities
showroom
service shop
car detailing area
conference area
new full bathroom
Building Details
Year Built
1968
Listing Agency:
Jacob Realty,LLC
Listed By:
Linda Houllahan
(617) 799-5818
Source:
Oldeforgerealty
Added: Jan 4
Changed: Sep 4
Last Checked: Sep 5 at 8:57AM
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 Jacob Realty,LLC
Investment Insights
Based on property information with market context.
This property is a 20,000-square-foot automotive dealership building on 2.3 acres, configured with a showroom and a large service shop. The service area includes six lifts, a drive-on lift, and a Hunter alignment machine, along with a full car detailing area. Additional improvements include an approx. 5,000-square-foot mezzanine, a conference area, and a new full bath, with a brand-new roof.
The site is described as being on Schoosett St at Rte 139, with access minutes to Rte 3 and 53. The property is zoned Business B and is positioned for excellent visibility and frontage, with parking for over 200 vehicles.
The building is presented as an operating car dealership with automotive sales and service and a stated licensing capacity for the sale of 169 vehicles. The remarks also list potential alternative uses such as oil change, auto glass repair, detailing, and showroom or light industrial uses, as well as office, medical outpatient, retail showroom, fitness/health, and insurance and financial institution uses, subject to applicable approvals.
The site is described as being on Schoosett St at Rte 139, with access minutes to Rte 3 and 53. The property is zoned Business B and is positioned for excellent visibility and frontage, with parking for over 200 vehicles.
The building is presented as an operating car dealership with automotive sales and service and a stated licensing capacity for the sale of 169 vehicles. The remarks also list potential alternative uses such as oil change, auto glass repair, detailing, and showroom or light industrial uses, as well as office, medical outpatient, retail showroom, fitness/health, and insurance and financial institution uses, subject to applicable approvals.
Key Highlights
- 20,000 SF automotive building on 2.3 AC with showroom and service shop layout
- Service shop includes 6 lifts plus drive‑on lift and Hunter alignment machine
- Licensed for sale of 169 vehicles and includes automotive sales and service operations
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
$328,608
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
8.43%
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%
$6,572,160
$6.6M
Cap Rate 7%
$4,694,400
$4.7M
Cap Rate 9%
$3,651,200
$3.7M
Market Conditions
NOI Build-Up for 20,000 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
$480.0K $24.00/SF
− Vacancy
−$10.6K −$0.53/SF
EGI
$469.4K $23.47/SF
− OpEx
−$140.8K −$7.04/SF
NOI
$328.6K $16.43/SF
Area
Plymouth 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%
$6,572,160
Cap Rate 7%
$4,694,400
Cap Rate 9%
$3,651,200
Alternative Uses
Best Use
Retail
$4.69M
$4.11M – $5.48M
NOI $328,608 @ 7.0% cap · market cap 8.43%
Second Best
Industrial
$3.04M
$2.66M – $3.55M
NOI $212,738 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$11.84M
$10.36M – $13.81M
NOI $828,795 @ 7.0% cap · market cap 21.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Service bays
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 23%
Visionworks
Shops & Services
5,260 visits/mo
0.2 miles
China Wok
Dining
1,548 visits/mo
0.2 miles
Demographics for 02359, MA
18,361
Population
7,173
Households
2.6
Avg Household Size
43
Median Age
46%
College-Educated
97%
High-School Grad
21.8 sq mi
ZIP Area
842
Density / Sq Mi
$141,332
Median Household Income
$69,860
Median Earnings
$2,413
Median Rent
$550,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Standish Auto Repair — 237 Washington St, Pembroke, MA 02359
- EJ Auto Body & Collision Center — 237 Washington St, Pembroke, MA 02359
- King Collision Centers — 38 Schoosett St, Pembroke, MA 02359
- K J's Auto Services — 26 Washington St, Pembroke, MA 02359
- The Auto Shoppe — 309 Columbia Rd, Hanover, MA 02339
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive facility with showroom, service shop with six lifts, and large on-site vehicle parking.
Where is this auto shop located?
The property is located at 32 Schoosett Street Pembroke, MA.
What is the asking price?
The asking price for this property is $3,899,000.
What are key features of this property?
This property features: 20,000 SF automotive building on 2.3 AC with showroom and service shop layout; Service shop includes 6 lifts plus drive‑on lift and Hunter alignment machine; Licensed for sale of 169 vehicles and includes automotive sales and service operations
