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Property profile & analytics
OFF-MARKET
Auto shops
1015 Lakeview Ave, Dracut, MA 01826-4718
Individually Owned
29-yr Hold
~
Est. High Equity
Property ID
US38-1243096
Property summary
AI-generated overview
This 1,254 square foot auto shop, located at 1015 Lakeview Ave in Dracut, MA (01826), is for sale for $950,000. Built in 1960, this single-story building sits on a 0.26-acre lot and is zoned B3. The property features two spacious bays equipped with car lifts, perfect for automotive repair and maintenance. Additional amenities include a waiting room for clients, ample on-site parking, office space, storage, and a restroom. Currently operating at 100% occupancy with a 5.00% cap rate, this is a turnkey opportunity in a high-traffic area offering excellent visibility. The property is a single-tenant, NNN lease. This represents a strong investment opportunity due to its strategic location and existing operational success. The property is being sold by owner.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,254 SF
Lot
0.26 ac (11,400 SF)
Zoning code
B3
APN
DRAC M:62 L:130
UPID
US38-1243096
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Paul Demers service & 24 hr Towing Auto Repair Shop
-
Paul Demers Auto Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Paul J Demers · 29 yrs held
Paul J Demers
since 1996
2 recorded transactions
Zoning & alternative use
B3 · Dracut, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Dracut submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dracut submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,973
Tax year 2024
Assessed value
$380,200
Assessed 2024
Previous assessed
$335,200
+13.4% YoY
Effective rate
1.04%
On assessed value
Assessed land
$323,500
Assessed improvement
$56,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
1,254 SF
Lot
0.26 ac (11,400 SF)
Zoning code
B3
APN
DRAC M:62 L:130
UPID
US38-1243096
Jurisdiction
DRACUT
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
B3 · Dracut, MA
Zoning B3 · permitted uses
B3 · Dracut, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dracut. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Paul J Demers
Individual
Mailing address
1015 LAKEVIEW AVE, DRACUT, MA 01826-4718
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 1996
$80,000
Paul J Demers
American Stonehenge In
Grant Deed
$75,000 · Zenon Grzybowski
Apr 12, 1996
$180,000
American Stonehenge
Rindo,michael
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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