Auto Shop with RV-Capable
New
For Sale
$3,250,000
1245 Park Street, Peekskill, NY 10566
Six offices, underground storage, and a rear parking area complement the garage space.
Property Size8,918 SF
Lot Size0.64 Acres
Price / SF$364.43
Days on Market3
Property Features for 1245 Park Street
General Information
Standard status
Active
Size
8,918 SF
Lot size
0.64 Acres
Tenancy & Operations
Tenant in Place
Yes
Real Estate Included
Yes
Additional Details
Service Bays
7
Taxes and HOA fees
Annual Taxes
$56,653
Amenities
underground garage
storage area
office spaces
Multi Units, Wall/Window Unit(s)
Baseboard, Other, Steam
Attached, Garage, Parking Lot, Private, Underground
Building Details
Building Size
8,918 SF
Buildings
1
Stories
2
Listed By:
Dvora E. Price
(914) 382-2857
Source:
Evrealestate
Added: Nov 1
Changed: Nov 3
Last Checked: Nov 3 at 4:07AM
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 Dvora E. Price
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,918-square-foot auto shop sits on 0.64 acres and has seven garage bays, including four sized for RVs. Ceiling heights reach approximately 20 feet. An underground garage and storage area add space, while six offices are split between three on the main level and three on the second floor.
Three offices and two smaller garage bays are currently rented. The sale covers the real estate only; the operating business is excluded.
Three offices and two smaller garage bays are currently rented. The sale covers the real estate only; the operating business is excluded.
Key Highlights
- 8,918 square feet on 0.64 acres
- Seven garage bays, including four that accommodate RVs
- Ceiling heights reach approximately 20 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$188,566
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,771,320
$3.8M
Cap Rate 7%
$2,693,800
$2.7M
Cap Rate 9%
$2,095,178
$2.1M
Market Conditions
NOI Build-Up for 8,918 SF
Gross rent
$310.3K $34.80/SF
− Vacancy
−$41.0K −$4.59/SF
EGI
$269.4K $30.21/SF
− OpEx
−$80.8K −$9.06/SF
NOI
$188.6K $21.14/SF
Area
Westchester County, NY
Vacancy
13.20%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,771,320
Cap Rate 7%
$2,693,800
Cap Rate 9%
$2,095,178
Alternative Uses
Best Use
Retail
$2.69M
$2.36M – $3.14M
NOI $188,566 @ 7.0% cap · market cap 5.80%
Second Best
Industrial
$1.81M
$1.58M – $2.11M
NOI $126,615 @ 7.0% cap · market cap 3.90%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
7
Service bays
Location Intelligence
Trade Area within ½ mile
1,341
Businesses Nearby
50k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 45%
Shops & Services 35%
Dining 20%
C-Town Supermarkets
Groceries
22,362 visits/mo
0.2 miles
Optimum
Shops & Services
7,742 visits/mo
0.1 miles
Dunkin' Donuts
Dining
5,314 visits/mo
0.1 miles
AutoZone
Shops & Services
5,304 visits/mo
0.5 miles
SUBWAY
Dining
4,565 visits/mo
0.2 miles
Demographics for 10566, NY
25,384
Population
11,752
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
86%
High-School Grad
4.3 sq mi
ZIP Area
5,903
Density / Sq Mi
$91,042
Median Household Income
$49,844
Median Earnings
$1,895
Median Rent
$376,800
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
Similar Off Market Nearby
- T & T Auto Inc — 600 Washington St, Peekskill, NY 10566
- Discount Tire Depot — 419 Washington St #400, Peekskill, NY 10566
- B & D Master Auto Repair — 419 washington st #320, peekskill, ny 10566
- AMERICAN AUTO PEEKSKILL & NEW YORK STATE INSPECTION STATION — 419 Washington St #320, Peekskill, NY 10566
- CONTINENTAL REPAIR SHOP — 419 Washington St, Peekskill, NY 10566
Frequently Asked Questions
What type of property is this?
Auto shop - Six offices, underground storage, and a rear parking area complement the garage space.
Where is this auto shop located?
The property is located at 1245 Park Street Peekskill, NY.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 8,918 square feet on 0.64 acres; Seven garage bays, including four that accommodate RVs; Ceiling heights reach approximately 20 feet
