Auto & Truck Repair Facility with
For Sale
$590,000
3519 Broadway St, Cheektowaga, NY 14227
Turnkey auto and truck repair operation with an eight-bay masonry shop, office, and ample on-site parking in Cheektowaga.
Property Size4,087 SF
Price / SF$143.90
Days on Market96
Property Features for 3519 Broadway St
General Information
Standard status
Active
Size
4,087 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Service Bays
8
Taxes and HOA fees
Annual Taxes
$11,800
Building Details
Building Size
4,087 SF
Year Built
1956
Stories
1
Listing Agency:
HUNT Real Estate Corporation
Listed By:
Dianne Michlinski · License #10301210410
(716) 864-7001
Source:
Elliman
Added: Jun 4
Changed: Aug 31
Last Checked: Sep 6 at 9:24AM
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 HUNT Real Estate Corporation
Investment Insights
Based on property information with market context.
This turnkey package includes an approximately 4,100-square-foot masonry auto and truck repair building with eight service bays. The facility is designed with multiple work areas, an office, a customer reception area, and storage areas, supported by ample on-site parking. The sale is structured to include the operating business along with the real estate, offering automotive and truck repair, fleet maintenance, diagnostics, preventive maintenance, and New York State vehicle inspections.
The property sits on a 140' x 300' lot at 3519 Broadway St in Cheektowaga, NY 14227. The combination of vehicle service bays, customer reception space, and parking supports both commercial fleet and retail customer needs.
Businesses and operators that can utilize established capabilities for passenger vehicles, light and medium-duty trucks, commercial fleets, and specialty vehicles may find this setup practical. The transaction also includes the business name, phone number, inventory, fixtures, goodwill, and customer database, along with existing customer and commercial accounts. Financial information is available to qualified buyers upon execution of a confidentiality agreement, and employees should not be approached or contacted regarding the sale.
The property sits on a 140' x 300' lot at 3519 Broadway St in Cheektowaga, NY 14227. The combination of vehicle service bays, customer reception space, and parking supports both commercial fleet and retail customer needs.
Businesses and operators that can utilize established capabilities for passenger vehicles, light and medium-duty trucks, commercial fleets, and specialty vehicles may find this setup practical. The transaction also includes the business name, phone number, inventory, fixtures, goodwill, and customer database, along with existing customer and commercial accounts. Financial information is available to qualified buyers upon execution of a confidentiality agreement, and employees should not be approached or contacted regarding the sale.
Key Highlights
- Includes an established auto and truck repair business plus the real estate in one sale
- About 4,100 SF masonry repair building with eight service bays
- Located on a 140' x 300' lot with ample on‑site parking
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
$36,865
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
6.25%
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%
$737,300
$737.3K
Cap Rate 7%
$526,643
$526.6K
Cap Rate 9%
$409,611
$409.6K
Market Conditions
NOI Build-Up for 4,100 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
$59.0K $14.40/SF
− Vacancy
−$6.4K −$1.56/SF
EGI
$52.7K $12.84/SF
− OpEx
−$15.8K −$3.85/SF
NOI
$36.9K $8.99/SF
Area
Erie County, NY
Vacancy
10.80%
Lease Rate
$14.40 /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%
$737,300
Cap Rate 7%
$526,643
Cap Rate 9%
$409,611
Alternative Uses
Best Use
Retail
$526.6K
$460.8K – $614.4K
NOI $36,865 @ 7.0% cap · market cap 6.25%
Second Best
Industrial
$257.1K
$224.9K – $299.9K
NOI $17,994 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$896.3K
$784.3K – $1.05M
NOI $62,740 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14227, NY
23,130
Population
10,476
Households
2.2
Avg Household Size
48
Median Age
26%
College-Educated
95%
High-School Grad
8.2 sq mi
ZIP Area
2,821
Density / Sq Mi
$67,349
Median Household Income
$46,627
Median Earnings
$1,084
Median Rent
$190,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Dons Auto Body — 3160 Union Rd, Cheektowaga, NY 14227
- Don's Precision Remanufactured Engines and Transmissions — 3160 Union Rd Suite 100, Buffalo, NY 14227
- Greg Kerl Automotive — 3270 Union Rd, Cheektowaga, NY 14227
- Global Horizons Enterprises — 3248 Union Rd, Cheektowaga, NY 14227
- LEED Brakes — 3248 Union Rd, Cheektowaga, NY 14227
Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey auto and truck repair operation with an eight-bay masonry shop, office, and ample on-site parking in Cheektowaga.
Where is this auto shop located?
The property is located at 3519 Broadway St Cheektowaga, NY.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Includes an established auto and truck repair business plus the real estate in one sale; About 4,100 SF masonry repair building with eight service bays; Located on a 140' x 300' lot with ample on‑site parking
