Automotive Service Building with Fenced
For Sale
$1,150,000
47 Cooper Rd, Monticello, NY 12701
Triple net lease property with a 4,000-square-foot automotive building, service bays, and a large fenced yard for vehicle storage.
Property Size4,000 SF
Lot Size2.00 Acres
Price / SF$287.50
Days on Market107
Property Features for 47 Cooper Rd
General Information
Standard status
Active
Size
4,000 SF
Lot size
2.00 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
15 ft
Taxes and HOA fees
Annual Taxes
$6,998
Building Details
Building Size
4,000 SF
Units
1
Listing Agency:
Keller Williams Hudson Valley Realty & United
(845) 674-0444
Listed By:
Charles D. Terwilliger · License #10401312176
(845) 674-0444
Source:
Elliman
Added: May 9
Changed: Aug 19
Last Checked: Aug 23 at 7:53AM
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 Keller Williams Hudson Valley Realty & United
Investment Insights
Based on property information with market context.
47 Coopers Corners Road is a fully operational automotive investment property currently generating $78,000 annually under a 5-year triple net lease. The approximately 4,000-square-foot building is configured for commercial automotive use, with 15-foot ceilings, multiple service bays, office and lobby space, storage, and 10-foot overhead doors.
The site is set on just over 2 acres in the Town of Thompson and is fully cleared, level, and privately positioned. A large fenced yard supports vehicle or equipment storage, and special permitting allows storage of up to 300 vehicles.
Flexible zoning (HC2/RR2) may support a range of uses, including contractor yard, fleet storage, landscaping business, equipment rental, or redevelopment into other commercial options. The property is located minutes from NY-17/I-86 and the Village of Monticello, combining straightforward access with a tucked-away site layout.
The site is set on just over 2 acres in the Town of Thompson and is fully cleared, level, and privately positioned. A large fenced yard supports vehicle or equipment storage, and special permitting allows storage of up to 300 vehicles.
Flexible zoning (HC2/RR2) may support a range of uses, including contractor yard, fleet storage, landscaping business, equipment rental, or redevelopment into other commercial options. The property is located minutes from NY-17/I-86 and the Village of Monticello, combining straightforward access with a tucked-away site layout.
Key Highlights
- Fully operational commercial property with an in‑place $78,000/year income under a 5‑year triple net lease
- Approximately 4,000 SF building with 15‑foot ceilings, 10‑foot overhead doors, multiple service bays, plus office, lobby, and storage
- Over 2 acres in the Town of Thompson with a large fenced yard for vehicle or equipment storage
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
$48,283
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
4.20%
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%
$965,660
$965.7K
Cap Rate 7%
$689,757
$689.8K
Cap Rate 9%
$536,478
$536.5K
Market Conditions
NOI Build-Up for 4,000 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
$72.0K $18.00/SF
− Vacancy
−$3.0K −$0.76/SF
EGI
$69.0K $17.24/SF
− OpEx
−$20.7K −$5.17/SF
NOI
$48.3K $12.07/SF
Area
Sullivan County, NY
Vacancy
4.20%
Lease Rate
$18.00 /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%
$965,660
Cap Rate 7%
$689,757
Cap Rate 9%
$536,478
Alternative Uses
Best Use
Retail
$689.8K
$603.5K – $804.7K
NOI $48,283 @ 7.0% cap · market cap 4.20%
Second Best
Industrial
$478.7K
$418.8K – $558.5K
NOI $33,507 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.10M
$960.0K – $1.28M
NOI $76,800 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12701, NY
12,360
Population
7,188
Households
1.7
Avg Household Size
38
Median Age
23%
College-Educated
78%
High-School Grad
61.0 sq mi
ZIP Area
203
Density / Sq Mi
$56,601
Median Household Income
$35,918
Median Earnings
$989
Median Rent
$178,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Payne Auto Towing & Recovery — 246 Gale Rd, Mongaup Valley, NY 12762
- Interstate Auto — 47 Coopers Corners Rd, Monticello, NY 12701
Frequently Asked Questions
What type of property is this?
Auto shop - Triple net lease property with a 4,000-square-foot automotive building, service bays, and a large fenced yard for vehicle storage.
Where is this auto shop located?
The property is located at 47 Cooper Rd Monticello, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Fully operational commercial property with an in‑place $78,000/year income under a 5‑year triple net lease; Approximately 4,000 SF building with 15‑foot ceilings, 10‑foot overhead doors, multiple service bays, plus office, lobby, and storage; Over 2 acres in the Town of Thompson with a large fenced yard for vehicle or equipment storage
