Building Details

Year Built 1950

Listing Agency: Coastal Realty Show Phone

Listed By: Noble Vincent · License #106427 Show Phone

Source: Lockandkeyre

Added: Jul 23 Changed: Oct 25 Last Checked: Oct 24 at 6:09PM

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Investment Insights

Based on property information with market context.

Located at 575 State Rd in Westport, MA, this 2.3-acre commercial property is set up for automotive and other multi-vehicle operations. The site includes a finished parking area and a well-maintained two-bay, pitless garage, supporting on-site servicing and day-to-day vehicle activity.

The property is positioned on busy Route 6, with ample on-site parking and visibility intended to support customer access and operational convenience. Its acreage provides flexibility to reimagine or expand the site for additional buildings or other commercial uses, subject to applicable approvals.

For buyers seeking an existing, functional automotive-oriented layout with room to grow, this property combines established site improvements with the land area needed for future development options.

Key Highlights

• 2.3‑acre commercial site on busy Route 6 with finished parking for vehicles and business use
• Two‑bay, pitless garage on‑site, well‑maintained and set up for automotive- and multi‑vehicle operations
• Built in 1950, providing existing garage infrastructure for commercial and service uses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,290

Cap Rate

4.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$465,800 $465.8K

Cap Rate 7%

$332,714 $332.7K

Cap Rate 9%

$258,778 $258.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,134 SF

Gross rent

$34.0K $30.00/SF

− Vacancy

−$748 −$0.66/SF

EGI

$33.3K $29.34/SF

− OpEx

−$10.0K −$8.80/SF

NOI

$23.3K $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 Rate 5%

$465,800

Cap Rate 7%

$332,714

Cap Rate 9%

$258,778

Alternative Uses

Best Use

Retail

$332.7K

$291.1K – $388.2K (±1% cap)

NOI $23,290 @ 7.0% cap · market cap 4.02%

Second Best

Industrial

$158.5K

$138.7K – $185.0K (±1% cap)

NOI $11,097 @ 7.0% cap · market cap 1.91%

Theoretical Best

Office A

$690.6K

$604.3K – $805.7K (±1% cap)

NOI $48,341 @ 7.0% cap · market cap 8.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Dental Office Building Supply Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Service bays

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

144

Businesses Nearby

20k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Cumberland Farms Shops & Services

20,280 visits/mo 0.1 miles

Demographics for 02790, MA

16,458

Population

7,523

Households

2.2

Avg Household Size

50

Median Age

30%

College-Educated

91%

High-School Grad

53.9 sq mi

ZIP Area

305

Density / Sq Mi

$100,617

Median Household Income

$52,188

Median Earnings

$1,313

Median Rent

$476,000

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar Off Market Nearby

• National Glass Co — 2 Celtic Dr, Westport, MA 02790, United States
• Midtown Motorsports Inc. — 757 State Rd, Westport, MA 02790
• Lou's Custom Exhaust Auto Muffler Brake — 727 State Rd, Westport, MA 02790
• Rogers Automotive — 712 State Rd, Westport, MA 02790
• Westport Tire Inc. — 718 State Rd, Westport, MA 02790

Frequently Asked Questions

What type of property is this?

Auto shop - Two-bay, pitless garage with a finished parking area on a multi-vehicle commercial site in Westport.

Where is this auto shop located?

The property is located at 575 State Rd Westport, MA.

What is the asking price?

The asking price for this property is $580,000.

What are key features of this property?

This property features: 2.3‑acre commercial site on busy Route 6 with finished parking for vehicles and business use; Two‑bay, pitless garage on‑site, well‑maintained and set up for automotive- and multi‑vehicle operations; Built in 1950, providing existing garage infrastructure for commercial and service uses