Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    511 N Perry St Johnstown, NY 12095

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,350,000

    Successful automotive business and property for sale due to retirement.

    Property size:
    34,000 SF
    Lot size:
    2.10 Acres
    Added:
    Jan 22, 2025
    Days on Market:
    461
    Last Refresh:
    Jan 20 at 10:15 am

    Property Features for 511 N Perry St

    General Information

    Standard status
    Active
    Size
    34,000 SF
    Lot size
    2.10 Acres

    We can help!

    Listing Contact
    Richard Roberts
    Richard Roberts

    Listing agent Richard Roberts

    Listing office Chad Majewski Real Estate

    Listing date Jan 22, 2025

    Source Exprealty

    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 Chad Majewski Real Estate

    Overview

    Established Automotive Business and Property

    This property, the site of a business with 40 years of successful operations and significant recent growth, is available for purchase due to the owner's retirement. The business specializes in 4-wheel drive repairs and enhancements, as well as automotive and truck repairs, maintenance, and rust prevention. The property offers potential for increased sales under new ownership. It spans 2.1 acres and includes a 34,000 sq ft multi-use building with a full list of improvements. The property also features parking space for over 100 vehicles.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Similar Places Nearby

    • Central Transmission — 349 n perry st, johnstown, ny 12095
    • Precision Auto Body — 21 Townsend Ave, Johnstown, NY 12095
    • Dal's Hollow Body Works — 414 N Perry St, Johnstown, NY 12095
    • Bear Muffler — 390 N Perry St, Johnstown, NY 12095
    • UNCLE JACK'S AUTO — 349 N Perry St, Johnstown, NY 12095

    Location Insight

    • Map
    • Local Demand
    City
    Johnstown
    County
    Fulton
    State
    New York
    Longitude
    -74.3648
    Latitude
    43.0302

    Nearby Similar for Sale

    • $175,000
      2,715 SF

      Johnstown Multi-Family Investment Opportunity

      Fully occupied duplex with immediate cash flow and future growth.
      80 E Main St, Johnstown, NY 12095
      View Details
    • $165,000
      2,000 SF

      Versatile Mixed-Use Property in Johnstown

      Mixed-use property with retail/office space and residential apartment.
      4 S William Street, Johnstown, NY 12095
      View Details
    • $185,000
      2,020 SF

      Johnstown Two-Family Home For Sale

      Well-maintained two-family home in Johnstown, ideal for investment or occupancy.
      107 Dove Street, Johnstown, NY 12095
      View Details
    • $400,000
      5,720 SF

      Downtown Johnstown Mixed-Use Redevelopment

      Mixed-use property with redevelopment potential in downtown Johnstown.
      3-7 N Perry Street, Johnstown, NY 12095
      View Details
    • $375,000
      1,500 SF

      Johnstown Office Space For Sale

      Office space featuring private offices, conference room, and parking.
      343 N Comrie Ave, Johnstown, NY
      View Details
    • $259,900

      Turn-Key Restaurant in Historic Johnstown

      Recently renovated, fully equipped restaurant with outdoor dining and event space.
      28 E Main St, Johnstown, NY, 12095-2623
      View Details
    • $299,000
      4,432 SF

      Versatile Commercial Property with Apartment

      Commercial property featuring storefront, rear area, apartment, and garage.
      527 N Perry St, Johnstown, NY
      View Details
    • $199,000
      8,214 SF

      Johnstown Office Building For Sale

      Former bank building with parking in high-traffic area.
      51 W Main St, Johnstown, NY
      View Details

    FAQs

    What type of property is this?
    Auto shop - Successful automotive business and property for sale due to retirement.
    Where is this auto shop located?
    The property is located at 511 N Perry St Johnstown, NY.
    What is the asking price?
    The asking price for this property is $3,350,000.
    What are key features of this property?
    This property features: Established business (40 years) with recent growth, offering immediate revenue potential.; Large 2.1‑acre property with a **34,000 sq ft multi‑use building**.; Specialization in **high‑demand 4‑wheel drive repairs and enhancements**.
    (518) 435-5543
    We can help!
    Listing Contact
    Richard Roberts
    Richard Roberts
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!