Specialty Auto Repair
For Sale
$1,995,000
7 Colonel Drive, Bourne, MA 02532
Turnkey specialty repair shop with independently equipped bays and environmental systems for immediate operation.
Property Size5,480 SF
Price / SF$364.05
Days on Market126
Property Features for 7 Colonel Drive
General Information
Standard status
Active
Size
5,480 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
1989
Listing Agency:
Realty Solutions Inc.
Listed By:
David R. Eldredge · License #134456
(508) 753-9100
Source:
Elevatedboston
Added: May 3
Changed: Sep 4
Last Checked: Sep 4 at 10:34AM
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.
S.E.L. Foreign Auto Repairs is offered as a turnkey, long-established specialty auto-repair business with 30+ years of operating performance. The facility is fully equipped with the systems and infrastructure needed for immediate operation, and it includes a well-designed shop layout with reception, waiting area, private office, ample storage, and adaptable retail/delivery bay space.
A 2008 Morton building addition supports the shop’s functionality with oil reclamation, air filtration, and exhaust systems. Each bay is independently equipped with vehicle lifts, lighting, and dedicated utilities, which supports either continued single-bay use or dividing the space into multiple units.
Located on Colonel Drive in Bourne, the property is near the Bourne Bridge and sits on the route to Woods Hole, providing visibility and highway access. This configuration can fit an owner-operator focused on specialty foreign repairs, or an investor/operator considering continued auto use, leasing individual bays, or exploring a commercial/industrial condo conversion approach consistent with the flexible layout.
A 2008 Morton building addition supports the shop’s functionality with oil reclamation, air filtration, and exhaust systems. Each bay is independently equipped with vehicle lifts, lighting, and dedicated utilities, which supports either continued single-bay use or dividing the space into multiple units.
Located on Colonel Drive in Bourne, the property is near the Bourne Bridge and sits on the route to Woods Hole, providing visibility and highway access. This configuration can fit an owner-operator focused on specialty foreign repairs, or an investor/operator considering continued auto use, leasing individual bays, or exploring a commercial/industrial condo conversion approach consistent with the flexible layout.
Key Highlights
- Year built 1989 specialty auto‑repair business, established with 30+ years of proven performance
- S.E.L. Foreign Auto Repairs is offered fully equipped for immediate operation
- 2008 Morton building addition with oil reclamation plus air filtration and exhaust systems
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
Lease Details
Turnkey business
Opportunity
Yes
Highway access
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 specialty repair shop with independently equipped bays and environmental systems for immediate operation.
Where is this auto shop located?
The property is located at 7 Colonel Drive Bourne, 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: Year built 1989 specialty auto‑repair business, established with 30+ years of proven performance; S.E.L. Foreign Auto Repairs is offered fully equipped for immediate operation; 2008 Morton building addition with oil reclamation plus air filtration and exhaust systems
