Automotive Repair Shop With Two
New
For Sale
$300,000
49 Spring St, Winchendon, MA 01475
Reception, office, and storage areas complement the building’s existing automotive repair use.
Property Size1,593 SF
Price / SF$188.32
Days on Market5
Property Features for 49 Spring St
General Information
Standard status
Active
Size
1,593 SF
Property subtype
COMMERCIAL
Site & Location
Traffic Count
14,000 vehicles/day
Road Access
Yes
Additional Details
Service Bays
2
Taxes and HOA fees
Annual Taxes
$1,794
Amenities
reception/waiting area
office
storage
Building Details
Building Size
1,593 SF
Year Built
1900
Listing Agency:
LAER Realty Partners
Listed By:
Michele Mathieu · License #9036915
(617) 304-2770
Source:
Kevinfruh
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 24 at 8:21AM
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 LAER Realty Partners
Investment Insights
Based on property information with market context.
This automotive property contains 1,593 square feet and is configured for repair operations. The building has two garage bays measuring 10' x 10', with ceiling height of approximately 12 feet, plus reception and waiting space, an office, and storage. Constructed in 1900, it is zoned C3. The property is currently used as an automotive repair shop.
The site fronts Route 12, where traffic is reported at approximately 14,000 vehicles per day. Central Street provides access to the surrounding business area, and the New Hampshire border is approximately six minutes away. The lot accommodates parking for vehicles and equipment. Other commercial uses would be subject to zoning and required approvals.
The site fronts Route 12, where traffic is reported at approximately 14,000 vehicles per day. Central Street provides access to the surrounding business area, and the New Hampshire border is approximately six minutes away. The lot accommodates parking for vehicles and equipment. Other commercial uses would be subject to zoning and required approvals.
Key Highlights
- 1,593‑square‑foot automotive property
- Two garage bays, each measuring 10' x 10', with approximately 12' ceiling height
- Reception/waiting area, office space, and storage
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
$23,556
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
7.85%
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%
$471,120
$471.1K
Cap Rate 7%
$336,514
$336.5K
Cap Rate 9%
$261,733
$261.7K
Market Conditions
NOI Build-Up for 1,593 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
$34.4K $21.60/SF
− Vacancy
−$757 −$0.48/SF
EGI
$33.7K $21.12/SF
− OpEx
−$10.1K −$6.34/SF
NOI
$23.6K $14.79/SF
Area
Worcester County, MA
Vacancy
2.20%
Lease Rate
$21.60 /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%
$471,120
Cap Rate 7%
$336,514
Cap Rate 9%
$261,733
Alternative Uses
Best Use
Retail
$336.5K
$294.5K – $392.6K
NOI $23,556 @ 7.0% cap · market cap 7.85%
Second Best
Industrial
$207.7K
$181.8K – $242.4K
NOI $14,542 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$544.0K
$476.0K – $634.7K
NOI $38,079 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Service bays
14,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
44k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 41%
Cumberland Farms
Shops & Services
18,468 visits/mo
0.1 miles
Dunkin' Donuts
Dining
10,689 visits/mo
0.1 miles
Gourmet Donuts
Dining
6,988 visits/mo
0.2 miles
Dollar Tree
Shops & Services
6,030 visits/mo
0.1 miles
GFA Federal Credit Union
Shops & Services
1,160 visits/mo
0.3 miles
Demographics for 01475, MA
10,304
Population
4,095
Households
2.5
Avg Household Size
42
Median Age
24%
College-Educated
94%
High-School Grad
42.8 sq mi
ZIP Area
241
Density / Sq Mi
$85,638
Median Household Income
$50,352
Median Earnings
$1,245
Median Rent
$294,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Citgo Lube & Repair Center — 47 Water St, Winchendon, MA 01475
- FMJ Auto Services — 131 Spring St, Winchendon, MA 01475
- Mark's auto repair — 49 Spring St, Winchendon, MA 01475
- Scooter's GT Auto — 49 Spring St, Winchendon, MA 01475
- Betourney's Auto Repair — 21 Spruce St, Winchendon, MA 01475
Frequently Asked Questions
What type of property is this?
Auto shop - Reception, office, and storage areas complement the building’s existing automotive repair use.
Where is this auto shop located?
The property is located at 49 Spring St Winchendon, MA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,593‑square‑foot automotive property; Two garage bays, each measuring 10' x 10', with approximately 12' ceiling height; Reception/waiting area, office space, and storage
