Automotive Property with Dealer
For Sale
$550,000
640 Main St, Clinton, MA 01510
Updated commercial building with dedicated vehicle display and parking area.
Property Size1,965 SF
Days on Market10
Property Features for 640 Main St
General Information
Standard status
Active
Size
1,965 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Building Size
1,965 SF
Year Built
1965
Buildings
1
Listing Agency:
Pablo Maia Realty
(508) 320-6053
Listed By:
Rodrigo Azevedo · License #9584202
(508) 320-6053
Source:
Iverty
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 29 at 9:45AM
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 Pablo Maia Realty
Investment Insights
Based on property information with market context.
This automotive property at 640 Main St in Clinton, Massachusetts, includes an updated commercial building and a dealer license. The license transfers with the sale, supporting continued dealership operations.
A dedicated parking area provides space for vehicle display and inventory accommodation. The property is positioned in a downtown setting, and the building dates to 1965.
A dedicated parking area provides space for vehicle display and inventory accommodation. The property is positioned in a downtown setting, and the building dates to 1965.
Key Highlights
- Dealer license included with the sale
- Updated commercial building at 640 Main St
- Dedicated parking area for vehicle display and inventory
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
$29,057
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
5.28%
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%
$581,140
$581.1K
Cap Rate 7%
$415,100
$415.1K
Cap Rate 9%
$322,856
$322.9K
Market Conditions
NOI Build-Up for 1,965 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
$42.4K $21.60/SF
− Vacancy
−$934 −$0.48/SF
EGI
$41.5K $21.12/SF
− OpEx
−$12.5K −$6.34/SF
NOI
$29.1K $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%
$581,140
Cap Rate 7%
$415,100
Cap Rate 9%
$322,856
Alternative Uses
Best Use
Retail
$415.1K
$363.2K – $484.3K
NOI $29,057 @ 7.0% cap · market cap 5.28%
Second Best
Industrial
$256.3K
$224.2K – $299.0K
NOI $17,938 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$671.0K
$587.1K – $782.9K
NOI $46,971 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
736
Businesses Nearby
50k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Dining 25%
Shops & Services 24%
Home Improvements & Furnishings 9%
Hannaford
Groceries
20,686 visits/mo
0.3 miles
Dunkin' Donuts
Dining
11,155 visits/mo
0.2 miles
Aubuchon Hardware
Home Improvements & Furnishings
4,362 visits/mo
0.3 miles
Sunoco
Shops & Services
3,959 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
3,190 visits/mo
0.3 miles
Demographics for 01510, MA
15,428
Population
7,017
Households
2.2
Avg Household Size
39
Median Age
35%
College-Educated
91%
High-School Grad
5.7 sq mi
ZIP Area
2,707
Density / Sq Mi
$93,849
Median Household Income
$49,815
Median Earnings
$1,353
Median Rent
$348,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Automotive property - Updated commercial building with dedicated vehicle display and parking area.
Where is this automotive property located?
The property is located at 640 Main St Clinton, MA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Dealer license included with the sale; Updated commercial building at 640 Main St; Dedicated parking area for vehicle display and inventory
