Fully Equipped Auto
For Sale
$375,000
415 N Walnut St, Grand Island, NE 68801
Auto shop with three service bay doors, three hydraulic lifts, an on-site paint booth, and included adjacent lot.
Property Size4,740 SF
Price / SF$79.11
Days on Market115
Property Features for 415 N Walnut St
General Information
Standard status
Active
Size
4,740 SF
Additional Details
Business Included
No
Drive-In Doors
3
Service Bays
3
Taxes and HOA fees
Annual Taxes
$2,446
Amenities
on-site paint booth
front reception office
rear office
ample storage
Listing Agency:
Summit Real Estate
(308) 850-8162
Listed By:
Eric Wright · License #NE 20210519
(308) 833-0225
Source:
Exprealty
Added: Jul 9
Changed: Oct 25
Last Checked: Oct 30 at 6:45PM
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 Summit Real Estate
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Investment Insights
Based on property information with market context.
This fully equipped auto shop is set up for active vehicle service, featuring three oversized service bay doors and three hydraulic vehicle lifts. An on-site paint booth supports refinishing work onsite, while a welcoming front reception office provides a customer-facing space. A separate rear office is suited for bookkeeping or daily operations, and the property includes ample storage for tools, equipment, and inventory.
The sale includes the adjacent lot, adding flexibility for expansion, additional parking, outside storage, or future business growth. The property is offered for sale as a building and improvements; the business itself is not included.
With multiple bays and in-shop capacity for servicing vehicles concurrently, the layout supports practical day-to-day workflow for an automotive operation.
The sale includes the adjacent lot, adding flexibility for expansion, additional parking, outside storage, or future business growth. The property is offered for sale as a building and improvements; the business itself is not included.
With multiple bays and in-shop capacity for servicing vehicles concurrently, the layout supports practical day-to-day workflow for an automotive operation.
Key Highlights
- Fully equipped auto shop with three oversized service bay doors and space to service multiple vehicles
- Includes three hydraulic vehicle lifts
- On‑site paint booth for in‑shop painting and finishing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,147
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,940
$542.9K
Cap Rate 7%
$387,814
$387.8K
Cap Rate 9%
$301,633
$301.6K
Market Conditions
NOI Build-Up for 4,740 SF
Gross rent
$39.8K $8.40/SF
− Vacancy
−$1.0K −$0.22/SF
EGI
$38.8K $8.18/SF
− OpEx
−$11.6K −$2.45/SF
NOI
$27.1K $5.73/SF
Area
Hall County, NE
Vacancy
2.60%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,940
Cap Rate 7%
$387,814
Cap Rate 9%
$301,633
Alternative Uses
Best Use
Retail
$828.5K
$724.9K – $966.6K
NOI $57,994 @ 7.0% cap · market cap 15.47%
Second Best
Industrial
$387.8K
$339.3K – $452.5K
NOI $27,147 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $83,037 @ 7.0% cap · market cap 22.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Drive-in doors
3
Service bays
Location Intelligence
Trade Area within ½ mile
1,079
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Home Improvements & Furnishings 7%
Casey's
Shops & Services
5,630 visits/mo
0.4 miles
Pump & Pantry
Shops & Services
5,096 visits/mo
0.5 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
905 visits/mo
0.3 miles
Pinnacle Bank
Shops & Services
648 visits/mo
0.3 miles
Demographics for 68801, NE
30,440
Population
11,684
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
81%
High-School Grad
90.0 sq mi
ZIP Area
338
Density / Sq Mi
$63,214
Median Household Income
$37,995
Median Earnings
$931
Median Rent
$186,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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- BG&S Transmissions of Grand Island — 901 W 2nd St, Grand Island, NE 68801
Frequently Asked Questions
What type of property is this?
Auto shop - Auto shop with three service bay doors, three hydraulic lifts, an on-site paint booth, and included adjacent lot.
Where is this auto shop located?
The property is located at 415 N Walnut St Grand Island, NE.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Fully equipped auto shop with three oversized service bay doors and space to service multiple vehicles; Includes three hydraulic vehicle lifts; On‑site paint booth for in‑shop painting and finishing
