Auto Collision Shop with Spray
For Sale
$595,000
140-46 Queens Blvd, Queens, NY 11435
Turn-key collision and refinishing operation with a code-compliant spray booth and paint room.
Property Size3,600 SF
Days on Market97
Property Features for 140-46 Queens Blvd
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$27,900
Building Details
Building Size
3,600 SF
Tenancy
Single
Listing Agency:
PRIME REALTY
Listed By:
John Amore · License #L3543964
(347) 461-8363
Source:
Elliman
Added: Jun 3
Changed: Sep 2
Last Checked: Sep 7 at 9:29AM
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 PRIME REALTY
Investment Insights
Based on property information with market context.
A turn-key auto collision and refinishing business offering an Acudraft spray booth and a paint room described as up to code. The operation is supported by a chassis machine, a lift, and additional equipment, presented as ready for a new owner. The business has been in operation for 40+ years and is described as reputable within the surrounding automotive market.
The shop is located in Jamaica on Queens Blvd with high visibility, with many car dealers in the area.
For a buyer seeking an established collision operation with core refinishing equipment already in place, this presents a turnkey setup built around spray and paint capability, along with the shop tools needed for ongoing repair work. The current business structure is presented with tenant responsibility for $12,000 per month rent, as well as 75% of taxes and 75% of water. The seller also states the operation nets $260,000 annually and notes additional potential to continue growing.
The shop is located in Jamaica on Queens Blvd with high visibility, with many car dealers in the area.
For a buyer seeking an established collision operation with core refinishing equipment already in place, this presents a turnkey setup built around spray and paint capability, along with the shop tools needed for ongoing repair work. The current business structure is presented with tenant responsibility for $12,000 per month rent, as well as 75% of taxes and 75% of water. The seller also states the operation nets $260,000 annually and notes additional potential to continue growing.
Key Highlights
- Established auto collision and refinishing business operating for 40+ years on Queens Blvd in Jamaica
- Includes an Acudraft spray booth and code‑compliant paint room
- Also includes a chassis machine and lift, plus additional equipment included with the operation
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
$22,647
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
3.81%
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%
$452,940
$452.9K
Cap Rate 7%
$323,529
$323.5K
Cap Rate 9%
$251,633
$251.6K
Market Conditions
NOI Build-Up for 3,600 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
$34.1K $9.48/SF
− Vacancy
−$1.8K −$0.49/SF
EGI
$32.4K $8.99/SF
− OpEx
−$9.7K −$2.70/SF
NOI
$22.6K $6.29/SF
Area
Queens County, NY
Vacancy
5.20%
Lease Rate
$9.48 /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%
$452,940
Cap Rate 7%
$323,529
Cap Rate 9%
$251,633
Alternative Uses
Best Use
Retail
$918.0K
$803.3K – $1.07M
NOI $64,260 @ 7.0% cap · market cap 10.80%
Second Best
Industrial
$323.5K
$283.1K – $377.5K
NOI $22,647 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,777 @ 7.0% cap · market cap 31.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
5,784
Businesses Nearby
162k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 39%
Hotels & Casinos 12%
McDonald's
Dining
44,795 visits/mo
0.4 miles
Speedway
Shops & Services
20,004 visits/mo
0.5 miles
Dollar Tree
Shops & Services
16,009 visits/mo
0.5 miles
BP
Shops & Services
12,177 visits/mo
0.5 miles
BP
Shops & Services
11,939 visits/mo
0.0 miles
Demographics for 11435, NY
58,980
Population
21,180
Households
2.8
Avg Household Size
38
Median Age
32%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
39,320
Density / Sq Mi
$79,430
Median Household Income
$43,354
Median Earnings
$1,820
Median Rent
$550,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Turn-key collision and refinishing operation with a code-compliant spray booth and paint room.
Where is this auto shop located?
The property is located at 140-46 Queens Blvd Queens, NY.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Established auto collision and refinishing business operating for 40+ years on Queens Blvd in Jamaica; Includes an Acudraft spray booth and code‑compliant paint room; Also includes a chassis machine and lift, plus additional equipment included with the operation
