Auto Body Shop
Commercial or manufacturing or storage Building on 3 acres
Marketing description
The facility spans approximately 11,800 square feet and is being used as an Auto Body Repair Shop that has a custom built DownDraft Paint Booth as well as a wash stall and equipped with Two Frame Racks/machines, a small oil change lift and Lincoln Arc Welders, and one Miller TIG welder. The shop features Modine heaters throughout the shop and the office area is equipped with Central Electric heat and air with one bathroom and 2 offices. The building is a one level Block building with Three Phase Power. The block building has 13 roll up doors of 8 feet tall and one door is 10 feet. There are 5 double bay doors and the rest are singles. There is also a Large pole shed and 3 Cargo containers for storage Behind the Shop. There will be a new survey to convey approximately 5 acres of land from the road to the creek, Cove Creek. The new survey will be completed by the seller. It has approximately 350 feet of Road frontage on Hwy 201 with an additional older building that faces the Hwy that could be updated and used for resale, retail or market etc.
Potential Owner Financing with 40% down
Potential Business Opportunities:
1. Automotive-Related Business (Minimal Modifications Needed)
Mechanic Shop, General auto repair, oil changes, tire services, etc.
Car Detailing & Tinting, High demand for detailing, ceramic coatings, and window tinting.
Fleet Maintenance,Servicing company vehicles, delivery vans, or trucking fleets.
2. Warehouse & Storage
Self-Storage Facility,Convert it into rentable storage units.
RV or Boat Storage , Outdoor/indoor storage for large vehicles.
Contractor Storage & Workspace, A base for electricians, plumbers, or construction companies needing storage and workspace.
3. Light Industrial & Manufacturing
Metal Fabrication or Welding Shop , Existing welders and equipment could be a plus.
Cabinet or Woodworking Shop, Space for custom furniture, cabinetry, or millwork.
Small-Scale Manufacturing ,Assembly or production of niche products (e.g., custom auto parts, signage, etc.).
4. Commercial & Retail Uses
Equipment Rental Business ,Tool, party, or heavy equipment rentals.
Fitness or Training Facility , CrossFit gym, boxing studio, or martial arts dojo.
Event Venue,Repurpose it for private events, weddings, or gatherings.
Investment highlights
1. Investment Assumptions
Asking Price: $650,000
Potential Rental Income: $118,000-$177,000 annually (based on $10-$15/sq ft)
Vacancy Allowance: 10%
Operating Expenses: Estimated at $35,400-$59,000 per year
Estimated Net Operating Income (NOI): $70,800-$100,300
2. Key Investment Metrics
A. Cap Rate (Capitalization Rate)
A cap rate between 9.4% and 13.4% suggests a strong return, depending on the tenant demand and lease structure.
B. Cash-on-Cash Return (If Financing)
A solid return if the property maintains high occupancy.
Upper Estimate:
The property needs at least 58-67% occupancy to cover expenses and loan payments.
3. Exit Strategy Considerations
Hold & Lease: Stable income if leased at market rates.
Sell After Value-Add: If improved and leased, resale at a 7% cap rate could yield $1M-$1.4M.
Redevelopment: Potential for conversion into a self-storage, fitness center, or specialty industrial space.
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