Auto Shop with Attached
For Sale
$219,900
8855 State Road, Colden, NY 14033
CommercialSale, Colden, NY
Property Size2,736 SF
Lot Size0.20 Acres
Price / SF$80.37
Days on Market49
Property Features for 8855 State Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MULTI
Parking
5
Lot features
Rectangular, Rectangular Lot
Elementary school district
Springville-Griffith Institute
Middle school district
Springville-Griffith Institute
High school district
Springville-Griffith Institute
Subdivision
Colden-143400
Standard status
Active
APN
143400-243-030-0003-003-000
Size
2,736 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
3599
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
wood-burning stove
spiral staircase
private deck
heated garage/shop
patio
fencing
storage shed
backs to Colden Town Park
Building Details
Year built
2000
Floors in Building
2
Roof type
Metal
Listing Agency:
Gurney Becker & Bourne
(716) 849-1234
Listed By:
Daneen M Vincent · License #30VI0843028
(716) 698-4320
Added: Aug 5
Changed: Sep 12
Last Checked: Sep 22 at 11:06PM
MLS# B1701293
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property combines an established automotive workspace with an attached residential component. The heated 24*60 garage/shop provides approximately 1,440 square feet of work area with electric service. The attached residence includes 3 bedrooms, 1 bath, a kitchen, dining area, family room, wood-burning stove, and office area. The home was built in 2000, with the second floor added in 2004 and family room added in 2009. Total property size is 2,736 square feet on a 0.2-acre lot.
Outdoor features include a patio, fencing, storage shed, and a backyard that backs directly to Colden Town Park. The property is located at 8855 State Road in Colden, Erie County, with public water and septic service. Heating is provided by forced air and natural gas, and the building has a metal roof. Zoning is MULTI.
Outdoor features include a patio, fencing, storage shed, and a backyard that backs directly to Colden Town Park. The property is located at 8855 State Road in Colden, Erie County, with public water and septic service. Heating is provided by forced air and natural gas, and the building has a metal roof. Zoning is MULTI.
Key Highlights
- Heated 24*60 garage/shop with electric service and approximately 1,440 sq. ft. of workspace
- Attached 3‑bedroom, 1‑bath residence built in 2000
- Second floor added in 2004; family room added in 2009
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
$12,008
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
5.46%
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%
$240,160
$240.2K
Cap Rate 7%
$171,543
$171.5K
Cap Rate 9%
$133,422
$133.4K
Market Conditions
NOI Build-Up for 2,736 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
$18.4K $6.72/SF
− Vacancy
−$1.2K −$0.45/SF
EGI
$17.2K $6.27/SF
− OpEx
−$5.1K −$1.88/SF
NOI
$12.0K $4.39/SF
Area
Erie County, NY
Vacancy
6.70%
Lease Rate
$6.72 /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%
$240,160
Cap Rate 7%
$171,543
Cap Rate 9%
$133,422
Alternative Uses
Best Use
Mixed Use
$367.2K
$321.3K – $428.4K
NOI $25,701 @ 7.0% cap · market cap 11.69%
Second Best
Retail
$351.4K
$307.5K – $410.0K
NOI $24,600 @ 7.0% cap · market cap 11.19%
Theoretical Best
Office A
$598.1K
$523.3K – $697.8K
NOI $41,867 @ 7.0% cap · market cap 19.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14033, NY
2,173
Population
727
Households
3
Avg Household Size
52
Median Age
42%
College-Educated
98%
High-School Grad
17.4 sq mi
ZIP Area
125
Density / Sq Mi
$84,167
Median Household Income
$45,852
Median Earnings
$1,077
Median Rent
$293,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Auto shop - Heated electric shop space is paired with an attached residence and private outdoor areas.
Where is this auto shop located?
The property is located at 8855 State Road Colden, NY.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Heated 24*60 garage/shop with electric service and approximately 1,440 sq. ft. of workspace; Attached 3‑bedroom, 1‑bath residence built in 2000; Second floor added in 2004; family room added in 2009
