For Sale
$995,000
9511 Utley Rd, East Otto, NY 14729
Auto shops
Property Size8,800 SF
Price / SF$113.07
Days on Market45
Property Features for 9511 Utley Rd
General Information
Standard status
Active
Size
8,800 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Clear Height
12 ft
Building Details
Year Built
1982
Stories
2
Listing Agency:
eXp Realty
(716) 499-7243
Listed By:
Timothy Ulinger
(716) 499-7243
Source:
Elliman
Added: Jun 20
Changed: Jul 10
Last Checked: Aug 3 at 12:02PM
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 eXp Realty
Investment Insights
Based on property information with market context.
Key Highlights
- 1982‑built live‑work property that includes Ray’s Small Engine Repair business and the real estate
- 40' x 120' retail and service building with 12‑foot ceilings, multiple service bays, and a large second‑level office area
- 40' x 100' barn with recently installed roof, providing substantial storage and operational flexibility
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.4k | $18.00 |
| − Vacancy | −$19.0k | −$2.16 |
| EGI | $139.4k | $15.84 |
| − OpEx | −$52.3k | −$5.94 |
| NOI | $87.1k | $9.90 |
8,800 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$1.32M
$1.16M – $1.54M
NOI $92,664 @ 7.0% cap · market cap 9.31%
Second Best
Mixed Use
$1.24M
$1.09M – $1.45M
NOI $87,120 @ 7.0% cap · market cap 8.76%
Theoretical Best
Healthcare Medical
$1.74M
$1.52M – $2.03M
NOI $121,746 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14729, NY
763
Population
535
Households
1.4
Avg Household Size
46
Median Age
18%
College-Educated
95%
High-School Grad
29.7 sq mi
ZIP Area
26
Density / Sq Mi
$70,000
Median Household Income
$45,909
Median Earnings
$879
Median Rent
$177,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
Where is this auto shop located?
The property is located at 9511 Utley Rd East Otto, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 1982‑built live‑work property that includes Ray’s Small Engine Repair business and the real estate; 40' x 120' retail and service building with 12‑foot ceilings, multiple service bays, and a large second‑level office area; 40' x 100' barn with recently installed roof, providing substantial storage and operational flexibility
