Fully Equipped Auto
415 N Walnut St Grand Island, NE 68801
For Sale
$375,000
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 Market22
Property Features for 415 N Walnut St
General Information
Standard status
Active
Size
4,740 SF
Listing Agency:
Summit Real Estate
(308) 833-0225
Listed By:
Eric Wright · License #20210519
(308) 833-0225
Source:
Exprealty
Added: Jul 9
Changed: Jul 28
Last Checked: Jul 29 at 9:04PM
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
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 For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.8k | $8.40 |
| − Vacancy | −$1.0k | −$0.22 |
| EGI | $38.8k | $8.18 |
| − OpEx | −$11.6k | −$2.45 |
| NOI | $27.1k | $5.73 |
4,740 SF · lease $8.40/SF/yr · vacancy 2.60% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
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- Rods & Rides Auto Repair — 320 N Lincoln Ave, Grand Island, NE 68801
- Novus Glass — 1304 W 2nd St, Grand Island, NE 68801
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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
