Auto Service and Sales
For Sale
Contact for pricing
42 County St, Attleboro, MA 02703
Two newly renovated buildings offer a 32-car sales license, seven repair bays, and 200 feet of frontage.
Property Size7,500 SF
Price / SF$246.67
Days on Market73
Property Features for 42 County St
General Information
Standard status
Active
Size
7,500 SF
Property subtype
RETAIL
Additional Details
Road Access
Yes
Service Bays
7
Listing Agency:
Ellis Realty Advisors
(781) 919-0800
Listed By:
Daniel Morton · License #9583567
(781) 738-9696
Source:
Moodyscre
Added: Jun 10
Changed: Aug 13
Last Checked: Aug 13 at 10:56AM
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 Ellis Realty Advisors
Investment Insights
Based on property information with market context.
This property includes two newly renovated buildings designed for automotive sales and service operations. The facility features a 32-car sales license and seven repair bays, with equipment including lifts available to support day-one functionality.
The site is located just off Route 152, steps from Attleboro’s Main St, and minutes from the Attleboro Commuter Station. The property also offers approximately 200 feet of frontage, supporting customer-facing presence and site visibility.
With dedicated sales capacity and multiple repair bays, the configuration is well suited to an automotive-focused business seeking an established facility layout.
The site is located just off Route 152, steps from Attleboro’s Main St, and minutes from the Attleboro Commuter Station. The property also offers approximately 200 feet of frontage, supporting customer-facing presence and site visibility.
With dedicated sales capacity and multiple repair bays, the configuration is well suited to an automotive-focused business seeking an established facility layout.
Key Highlights
- Two newly renovated buildings with a 32‑car sales license
- Includes 7 repair bays for vehicle service
- 200' of frontage
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
$154,035
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
8.33%
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%
$3,080,700
$3.1M
Cap Rate 7%
$2,200,500
$2.2M
Cap Rate 9%
$1,711,500
$1.7M
Market Conditions
NOI Build-Up for 7,500 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
$225.0K $30.00/SF
− Vacancy
−$5.0K −$0.66/SF
EGI
$220.1K $29.34/SF
− OpEx
−$66.0K −$8.80/SF
NOI
$154.0K $20.54/SF
Area
Bristol County, MA
Vacancy
2.20%
Lease Rate
$30.00 /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%
$3,080,700
Cap Rate 7%
$2,200,500
Cap Rate 9%
$1,711,500
Alternative Uses
Best Use
Retail
$2.20M
$1.93M – $2.57M
NOI $154,035 @ 7.0% cap · market cap 8.33%
Second Best
Industrial
$1.05M
$917.4K – $1.22M
NOI $73,395 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$4.57M
$4.00M – $5.33M
NOI $319,716 @ 7.0% cap · market cap 17.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
7
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,385
Businesses Nearby
58k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 37%
Cumberland Farms
Shops & Services
14,741 visits/mo
0.1 miles
Dollar Tree
Shops & Services
14,277 visits/mo
0.5 miles
KFC
Dining
12,319 visits/mo
0.5 miles
SUBWAY
Dining
3,588 visits/mo
0.4 miles
D'Angelo Grilled Sandwiches
Dining
3,466 visits/mo
0.4 miles
Demographics for 02703, MA
46,389
Population
19,014
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
90%
High-School Grad
26.8 sq mi
ZIP Area
1,731
Density / Sq Mi
$93,352
Median Household Income
$51,637
Median Earnings
$1,446
Median Rent
$409,400
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 - Two newly renovated buildings offer a 32-car sales license, seven repair bays, and 200 feet of frontage.
Where is this auto shop located?
The property is located at 42 County St Attleboro, MA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Two newly renovated buildings with a 32‑car sales license; Includes 7 repair bays for vehicle service; 200' of frontage
