Auto Shop with
For Sale
$3,899,000
32 Schoosett St. Pembroke, Pembroke, MA 02359
Automotive facility with a service center, detailing area, vehicle sales authorization, and substantial on-site parking.
Property Size20,000 SF
Lot Size2.30 Acres
Price / SF$194.95
Days on Market83
Property Features for 32 Schoosett St. Pembroke
General Information
Standard status
Active
Size
20,000 SF
Lot size
2.30 Acres
Zoning
Business
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Service Bays
6
Taxes and HOA fees
Annual Taxes
$23,194
Amenities
Showroom
Service Shop
Detailing Area
Conference Area
New Full Bath
Brand New Roof
Building Details
Building Size
20,000 SF
Year Built
1968
Buildings
1
Tenancy
Single
Listing Agency:
Jacob Realty
(508) 643-8166
Listed By:
Sharon Lucido · License #9551130-RE-S
(508) 643-8166
Source:
Bournetosellrealestate
Added: Jun 10
Changed: Aug 29
Last Checked: Aug 30 at 12:50PM
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
Investment Insights
Based on property information with market context.
This 20 K SF automotive property includes a 15 K sf building footprint and an approx. 5K sf mezzanine on 2.3 AC. The improvements combine a vehicle showroom with a service operation featuring 6 lifts, a drive-on lift, Hunter alignment equipment, and a dedicated car detailing area. Additional interior features include a full bath, conference area, and a brand new roof. The property was built in 1968.
The site is positioned on Schoosett St. at Rte 139, with access to Rte 3 and Rte 53 within minutes. It is licensed for the sale of 169 vehicles and provides parking for over 200 vehicles. The existing configuration supports automotive sales and service, while the source information also identifies potential applications including auto glass repair, oil change, detailing, showroom, light industrial, office, medical, retail, and indoor recreation uses.
The site is positioned on Schoosett St. at Rte 139, with access to Rte 3 and Rte 53 within minutes. It is licensed for the sale of 169 vehicles and provides parking for over 200 vehicles. The existing configuration supports automotive sales and service, while the source information also identifies potential applications including auto glass repair, oil change, detailing, showroom, light industrial, office, medical, retail, and indoor recreation uses.
Key Highlights
- 20 K SF building on 2.3 AC, with a 15 K sf footprint and approx. 5K sf mezzanine
- Automotive service center with 6 lifts, a drive‑on lift, and Hunter alignment equipment
- Licensed for sale of 169 vehicles
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
Current Use
Lease Details
6
Service bays
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
27k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 35%
Home Improvements & Furnishings 26%
Dunkin' Donuts
Dining
10,478 visits/mo
0.5 miles
Rocky's Ace Hardware
Home Improvements & Furnishings
7,160 visits/mo
0.5 miles
Cumberland Farms
Shops & Services
7,117 visits/mo
0.5 miles
Santander Bank
Shops & Services
2,545 visits/mo
0.5 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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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive facility with a service center, detailing area, vehicle sales authorization, and substantial on-site parking.
Where is this auto shop located?
The property is located at 32 Schoosett St. Pembroke 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 K SF building on 2.3 AC, with a 15 K sf footprint and approx. 5K sf mezzanine; Automotive service center with 6 lifts, a drive‑on lift, and Hunter alignment equipment; Licensed for sale of 169 vehicles
