Established Auto Repair Business
For Sale
$1,995,000
7 Colonel Dr Bourne, Buzzards Bay, MA 02532
Turnkey auto repair business with prime location and highway access.
Property Size5,480 SF
Price / SF$364.05
Days on Market106
Property Features for 7 Colonel Dr Bourne
General Information
Standard status
Active
Size
5,480 SF
Zoning
B4
Taxes and HOA fees
Annual Taxes
$5,002
Building Details
Building Size
5,480 SF
Year Built
1989
Listing Agency:
Realty Solutions Inc.
(508) 501-1443
Listed By:
Leanne McCormick · License #134456
(508) 501-1443
Source:
Milestonerealtyinc
Added: May 15
Changed: Aug 21
Last Checked: Aug 28 at 7:57AM
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 Realty Solutions Inc.
Investment Insights
Based on property information with market context.
This is a turnkey opportunity to acquire a long-established specialty auto-repair business with over 30 years of proven performance. S.E.L. Foreign Auto Repairs is offered fully equipped with all systems and infrastructure in place for immediate operation, making it ideal for an owner-operator or investor seeking stable, day-one income. The property benefits from a prime location near the Bourne Bridge on the route to Woods Hole, providing excellent visibility and highway access. The facility is well-designed, including a 2008 Morton building addition with oil reclamation, air filtration, and exhaust systems. Each bay is independently equipped with lifts, lighting, and dedicated utilities, allowing for single use or division into multiple units. The flexible layout supports continued auto use, leasing bays, or potential commercial/industrial condo conversion. The property includes a reception area, waiting area, private office, ample storage, and an adaptable retail/delivery bay. The property size is 5480 square feet.
Key Highlights
- Turnkey, long‑established auto‑repair business (30+ years) with immediate income potential.
- Prime location near Bourne Bridge with excellent visibility and highway access.
- Fully equipped with all systems and infrastructure for immediate operation.
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
$112,548
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
5.64%
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%
$2,250,960
$2.3M
Cap Rate 7%
$1,607,829
$1.6M
Cap Rate 9%
$1,250,533
$1.3M
Market Conditions
NOI Build-Up for 5,480 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
$164.4K $30.00/SF
− Vacancy
−$3.6K −$0.66/SF
EGI
$160.8K $29.34/SF
− OpEx
−$48.2K −$8.80/SF
NOI
$112.5K $20.54/SF
Area
Barnstable 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%
$2,250,960
Cap Rate 7%
$1,607,829
Cap Rate 9%
$1,250,533
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $112,548 @ 7.0% cap · market cap 5.64%
Second Best
Industrial
$1.13M
$989.1K – $1.32M
NOI $79,129 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$2.23M
$1.95M – $2.61M
NOI $156,319 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02532, MA
13,411
Population
7,362
Households
1.8
Avg Household Size
49
Median Age
43%
College-Educated
96%
High-School Grad
13.8 sq mi
ZIP Area
972
Density / Sq Mi
$89,411
Median Household Income
$50,372
Median Earnings
$1,474
Median Rent
$477,200
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.
Similar Off Market Nearby
- Falmouth Toyota — 290 MacArthur Blvd, Bourne, MA 02532
- Falmouth Toyota Service Department — 290 MacArthur Blvd, Bourne, MA 02532
- Atlantic Subaru Service Center — 124 Waterhouse Rd, Bourne, MA 02532
- S.E.L. Foreign Auto, LTD — 7 Colonel Dr, Bourne, MA 02532
- Angels Touch Auto Body & Detail — 148 MacArthur Blvd, Bourne, MA 02532
Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey auto repair business with prime location and highway access.
Where is this auto shop located?
The property is located at 7 Colonel Dr Bourne Buzzards Bay, MA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Turnkey, long‑established auto‑repair business (30+ years) with immediate income potential.; Prime location near Bourne Bridge with excellent visibility and highway access.; Fully equipped with all systems and infrastructure for immediate operation.
