Four-Bay Auto
For Sale
$399,000
1203 N Main St, Jamestown, NY 14701
Two-story commercial facility with offices, vehicle access, and adaptable shop space for automotive or service operations.
Property Size3,569 SF
Price / SF$111.80
Days on Market51
Property Features for 1203 N Main St
General Information
Standard status
Active
Size
3,569 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
4
Amenities
drive-in bays
private office
half bath
propane hookup
overhead doors
drive-through access
Building Details
Year Built
1950
Buildings
1
Stories
2
Building Size
3,569 SF
Listing Agency:
Real Estate Advantage
(716) 665-9403
Listed By:
Richard Benedetto · License #31BE0882362
Source:
Skinnercnyrealty
Added: Jul 12
Changed: Aug 29
Last Checked: Aug 30 at 8:37PM
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 Real Estate Advantage
Investment Insights
Based on property information with market context.
This two-story auto shop contains approximately 3,569 square feet across a flexible commercial layout. The building has four drive-in bays in total, two private offices on each level, and a half bath. A vehicle lift, air compressor, and selected shop tools may be available by separate negotiation. The lower-level shop also includes a propane hookup.
Positioned at the corner of North Main Street and Fluvanna Ave., the property fronts four-lane North Main Street and connects directly to Interstate 86. Its overhead-door configuration supports vehicle and equipment movement, while the combination of shop, office, and storage areas accommodates automotive, contractor, distribution, warehouse, service, showroom, or mixed-use operations.
Positioned at the corner of North Main Street and Fluvanna Ave., the property fronts four-lane North Main Street and connects directly to Interstate 86. Its overhead-door configuration supports vehicle and equipment movement, while the combination of shop, office, and storage areas accommodates automotive, contractor, distribution, warehouse, service, showroom, or mixed-use operations.
Key Highlights
- Approximately 3,569 square feet in a two‑story configuration
- Four drive‑in bays with overhead doors
- Two private offices on each level plus a half bath
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
$31,067
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
7.79%
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%
$621,340
$621.3K
Cap Rate 7%
$443,814
$443.8K
Cap Rate 9%
$345,189
$345.2K
Market Conditions
NOI Build-Up for 3,569 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
$51.4K $14.40/SF
− Vacancy
−$3.6K −$1.01/SF
EGI
$47.8K $13.39/SF
− OpEx
−$16.7K −$4.69/SF
NOI
$31.1K $8.70/SF
Area
Chautauqua County, NY
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
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%
$621,340
Cap Rate 7%
$443,814
Cap Rate 9%
$345,189
Alternative Uses
Best Use
Retail
$625.7K
$547.5K – $730.0K
NOI $43,800 @ 7.0% cap · market cap 10.98%
Second Best
Flex RnD
$443.8K
$388.3K – $517.8K
NOI $31,067 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$1.07M
$934.7K – $1.25M
NOI $74,778 @ 7.0% cap · market cap 18.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14701, NY
38,428
Population
19,469
Households
2
Avg Household Size
42
Median Age
25%
College-Educated
90%
High-School Grad
92.6 sq mi
ZIP Area
415
Density / Sq Mi
$50,909
Median Household Income
$34,592
Median Earnings
$769
Median Rent
$98,400
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Weber's Charlie Auto Body Inc — 63 W 17th St, Jamestown, NY 14701
Frequently Asked Questions
What type of property is this?
Auto shop - Two-story commercial facility with offices, vehicle access, and adaptable shop space for automotive or service operations.
Where is this auto shop located?
The property is located at 1203 N Main St Jamestown, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Approximately 3,569 square feet in a two‑story configuration; Four drive‑in bays with overhead doors; Two private offices on each level plus a half bath
