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    Yonkers Auto Body Business Opportunity Title is generated by Realmo AI

    439 Nepperhan Avenue, Yonkers, NY 10703

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    For Sale
    $1,300,000

    COMMERCIAL - Yonkers, NY

    Lot size:
    0.12 Acres
    Added:
    May 22, 2026
    Days on Market:
    1
    Last Refresh:
    May 22 at 7:06 pm

    Property Features for 439 Nepperhan Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Ind
    Parking
    10
    Standard status
    Active
    APN
    1800-003-000-03097-000-0042
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    7646

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Natural Gas
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1957
    Floors in Building
    1
    Building materials
    Block

    We can help!

    Listing Contact
    Thomas J. Santore
    Thomas J. Santore

    Listing agent Thomas J. Santore

    Listing office Coldwell Banker Realty 366 Underhill Ave, White Plains, NY

    Listing date May 22, 2026

    MLS# 1003467

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Grandfathered auto body shop status in place, a rare and valuable asset.
    • Fully operational auto body business and real estate offered together.
    • Existing infrastructure and operational continuity for immediate business operation.
    • Functional layout suited for automotive repair, body work, painting, and storage.
    • Visible corner location with steady traffic exposure.
    • Utilities include natural gas and electric.

    Overview

    Located at the corner of Old Nepperhan Avenue and Roberts Avenue, this property presents an opportunity to acquire an operational auto body business along with the real estate. The property has been utilized as an auto body shop and continues to operate today. The building is serviced by natural gas and electric utilities. Air conditioning is provided through window units. The layout offers functional space for automotive repair, body work, painting, storage, equipment, and day-to-day operations. The property benefits from traffic exposure and accessibility due to its corner location. The surrounding area supports a mix of commercial and residential activity, providing visibility for the business. The property is situated on a lot of 0.118 acres. The existing setup allows for continued operations and offers the flexibility to modernize or customize the facility. The zoning is Ind. The property's established automotive presence and grandfathered auto body shop status provide operational and long-term real estate value. The property allows to sell and buy salvage cars.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • No Limit Yonkers Auto Body Shop — 254 Saw Mill River Rd, Yonkers, NY 10701
    • Almeida's Auto Body of Yonkers — 165 Orchard St, Yonkers, NY 10703
    • Sassone Brothers Auto Body Inc — 254 saw mill river rd, yonkers, ny 10701
    • Black Rock Truck Group — 257 Lake Ave, Yonkers, NY 10701
    • Gas Tow Truck Service — 578 nepperhan ave, yonkers, ny 10701

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.8742826
    Latitude
    40.9554838

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    FAQs

    What type of property is this?
    Auto shop - Operating auto body business and real estate for sale.
    Where is this auto shop located?
    The property is located at 439 Nepperhan Avenue Yonkers, NY.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Grandfathered auto body shop status in place, a rare and valuable asset.; Fully operational auto body business and real estate offered together.; Existing infrastructure and operational continuity for immediate business operation.
    (845) 590-5488
    We can help!
    Listing Contact
    Thomas J. Santore
    Thomas J. Santore
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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