Auto Body Shop with Spray
New
For Sale
$1,300,000
1 N 12th Street, New Hyde Park, NY 11040
The property has an established, grandfathered auto body use and dedicated second-floor office space.
Property Size2,600 SF
Days on Market4
Property Features for 1 N 12th Street
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Business
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$17,200
Amenities
office space
full bathroom with shower
half bathroom
roof deck
Building Details
Building Size
2,600 SF
Year Built
1930
Listing Agency:
Signature Premier Properties
Listed By:
Robert A. Korber
(631) 532-9070
Source:
Cottiemaxwellrealestate
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 4 at 2:02PM
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 Signature Premier Properties
Investment Insights
Based on property information with market context.
This 1930 auto body shop includes a professional spray booth, a 10,000-pound automotive lift, air compressors, and additional shop equipment. A second-floor office area and full bathroom with a shower provide space for business operations. The first floor also has a half bathroom, while compressor equipment is located on the roof deck, leaving more of the interior available for shop use.
The property is grandfathered for established auto body shop use. Its equipment and existing layout are suited to an automotive operation, with office and bathroom facilities incorporated into the building.
The property is grandfathered for established auto body shop use. Its equipment and existing layout are suited to an automotive operation, with office and bathroom facilities incorporated into the building.
Key Highlights
- Grandfathered use as an established auto body shop
- 10,000‑pound automotive lift and professional spray booth
- Second‑floor office space with full bathroom and shower
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
$51,488
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
3.96%
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%
$1,029,760
$1.0M
Cap Rate 7%
$735,543
$735.5K
Cap Rate 9%
$572,089
$572.1K
Market Conditions
NOI Build-Up for 2,600 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
$78.0K $30.00/SF
− Vacancy
−$4.4K −$1.71/SF
EGI
$73.6K $28.29/SF
− OpEx
−$22.1K −$8.49/SF
NOI
$51.5K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
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%
$1,029,760
Cap Rate 7%
$735,543
Cap Rate 9%
$572,089
Alternative Uses
Best Use
Retail
$735.5K
$643.6K – $858.1K
NOI $51,488 @ 7.0% cap · market cap 3.96%
Second Best
Industrial
$531.6K
$465.1K – $620.2K
NOI $37,209 @ 7.0% cap · market cap 2.86%
Theoretical Best
Specialty Retail
$1.72M
$1.50M – $2.01M
NOI $120,335 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,128
Businesses Nearby
72k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 38%
Shell
Shops & Services
23,607 visits/mo
0.3 miles
Dunkin' Donuts
Dining
13,453 visits/mo
0.2 miles
Bank of America
Shops & Services
8,746 visits/mo
0.2 miles
Taco Bell
Dining
8,304 visits/mo
0.3 miles
Extra Space Storage
Shops & Services
5,017 visits/mo
0.2 miles
Demographics for 11040, NY
43,075
Population
14,608
Households
2.9
Avg Household Size
45
Median Age
56%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
8,974
Density / Sq Mi
$153,511
Median Household Income
$70,649
Median Earnings
$2,388
Median Rent
$795,300
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Qsac — 9 Beechhurst Ave, Floral Park, NY 11001
- Erg Service Inc — 323 jericho turnpike, floral park, ny 11001
- Bowen Auto Electric — 346 Jericho Turnpike, Floral Park, NY 11001
- Cemat Auto Service Inc — 120 S 2nd St, New Hyde Park, NY 11040
- Loud Ass Horns — 119 S 3rd St, New Hyde Park, NY 11040
Frequently Asked Questions
What type of property is this?
Auto shop - The property has an established, grandfathered auto body use and dedicated second-floor office space.
Where is this auto shop located?
The property is located at 1 N 12th Street New Hyde Park, 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 use as an established auto body shop; 10,000‑pound automotive lift and professional spray booth; Second‑floor office space with full bathroom and shower
