Automotive Shop Facility with Paint
For Sale
$999,900
425 N Central Ave, Laurel, DE 19956
Two functional shop buildings support collision repair, mechanical service, and fleet maintenance uses.
Property Size6,678 SF
Price / SF$149.73
Days on Market54
Property Features for 425 N Central Ave
General Information
Standard status
Active
Size
6,678 SF
Property subtype
Commercial
Additional Details
Sprinkler System
Yes
Car Wash Bays
1
Amenities
paint booth
updated HVAC
radiant heat
exhaust ventilation
Building Details
Year Built
1995
Buildings
2
Listed By:
Jeffrey Fowler Group
(302) 727-3013
Source:
Jeffreyfowler
Added: Aug 13
Changed: Sep 3
Last Checked: Sep 2 at 2:14PM
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 Jeffrey Fowler Group
Investment Insights
Based on property information with market context.
This automotive facility includes approximately +/-6,600 SF distributed across two functional shop buildings, with the option to acquire the buildings together or separately. The main office area provides customer reception, a paint booth, an interior wash bay, sprinkler system, updated HVAC, and radiant heat. A second production shop adds workspace, radiant heat, and exhaust ventilation. Equipment is available for separate purchase.
The property is located at 425 N CENTRAL Ave in Laurel, Delaware. Its existing improvements support collision repair, mechanical service, fleet maintenance, contractor operations, heavy equipment repair, and specialty automotive uses. Built in 1995, the facility combines office, customer-facing, and shop areas within an established automotive property.
The property is located at 425 N CENTRAL Ave in Laurel, Delaware. Its existing improvements support collision repair, mechanical service, fleet maintenance, contractor operations, heavy equipment repair, and specialty automotive uses. Built in 1995, the facility combines office, customer-facing, and shop areas within an established automotive property.
Key Highlights
- Approximately +/-6,600 SF across two functional shop buildings
- Main office includes customer reception, paint booth, and interior wash bay
- Secondary production shop offers additional workspace and exhaust ventilation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,865
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,197,300
$1.2M
Cap Rate 7%
$855,214
$855.2K
Cap Rate 9%
$665,167
$665.2K
Market Conditions
NOI Build-Up for 6,678 SF
Gross rent
$92.2K $13.80/SF
− Vacancy
−$6.6K −$0.99/SF
EGI
$85.5K $12.81/SF
− OpEx
−$25.7K −$3.84/SF
NOI
$59.9K $8.96/SF
Area
Sussex County, DE
Vacancy
7.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,197,300
Cap Rate 7%
$855,214
Cap Rate 9%
$665,167
Alternative Uses
Best Use
Retail
$855.2K
$748.3K – $997.8K
NOI $59,865 @ 7.0% cap · market cap 5.99%
Second Best
Industrial
$562.0K
$491.7K – $655.6K
NOI $39,337 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,458 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
5k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
M&T Bank
Shops & Services
4,719 visits/mo
0.2 miles
Demographics for 19956, DE
16,327
Population
6,556
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
84%
High-School Grad
100.4 sq mi
ZIP Area
163
Density / Sq Mi
$59,085
Median Household Income
$36,131
Median Earnings
$923
Median Rent
$233,500
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 South region
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- The Corner Garage LLC — 110 West St, Laurel, DE 19956
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- Scotty's Speed and Diesel, LLC — 311 Maryland Ave, Laurel, DE 19956
Frequently Asked Questions
What type of property is this?
Auto shop - Two functional shop buildings support collision repair, mechanical service, and fleet maintenance uses.
Where is this auto shop located?
The property is located at 425 N Central Ave Laurel, DE.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Approximately +/-6,600 SF across two functional shop buildings; Main office includes customer reception, paint booth, and interior wash bay; Secondary production shop offers additional workspace and exhaust ventilation
