Auto Shop with Service
For Sale
$2,650,000
1341 BLONDELL AVE, Bronx, NY 10461
Commercial Sale, Bronx, NY
Property Size6,600 SF
Lot Size0.16 Acres
Price / SF$401.52
Days on Market144
Property Features for 1341 BLONDELL AVE
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Westchester Square
Standard status
Active
Lot size
0.16 Acres
Amenities
office space
vehicle storage
on-site parking
Listing Agency:
Brix Real Estate Advisors
Listed By:
Matthew Barbaccia
(914) 300-4444
Added: Apr 13
Changed: Sep 3
Last Checked: Sep 3 at 11:06PM
MLS# 11801161
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This auto shop occupies an approximately 6,600-square-foot industrial building on a ~6,750-square-foot lot at 1341 Blondell Ave in Bronx, NY. The existing configuration includes multiple service bays, office space, vehicle storage, and on-site parking. The property currently operates as an auto body and collision repair facility, providing established automotive infrastructure for continued use.
M1 zoning supports automotive, service, and light manufacturing uses. The current tenant is seeking a long-term lease and intends to remain at the property, creating a potential lease arrangement for a buyer. The site is located in Bronx, NY 10461.
M1 zoning supports automotive, service, and light manufacturing uses. The current tenant is seeking a long-term lease and intends to remain at the property, creating a potential lease arrangement for a buyer. The site is located in Bronx, NY 10461.
Key Highlights
- Approximately 6,600 square feet of building area
- ~6,750 square foot lot, equal to 0.155 acres
- Multiple service bays with office space
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
$138,933
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
5.24%
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%
$2,778,660
$2.8M
Cap Rate 7%
$1,984,757
$2.0M
Cap Rate 9%
$1,543,700
$1.5M
Market Conditions
NOI Build-Up for 6,600 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
$221.8K $33.60/SF
− Vacancy
−$23.3K −$3.53/SF
EGI
$198.5K $30.07/SF
− OpEx
−$59.5K −$9.02/SF
NOI
$138.9K $21.05/SF
Area
Bronx, NY
Vacancy
10.50%
Lease Rate
$33.60 /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%
$2,778,660
Cap Rate 7%
$1,984,757
Cap Rate 9%
$1,543,700
Alternative Uses
Best Use
Warehouse
$4.57M
$4.00M – $5.34M
NOI $320,134 @ 7.0% cap · market cap 12.08%
Second Best
Industrial
$3.77M
$3.30M – $4.39M
NOI $263,639 @ 7.0% cap · market cap 9.95%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,835
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10461, NY
54,901
Population
20,418
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
22,875
Density / Sq Mi
$65,023
Median Household Income
$45,445
Median Earnings
$1,741
Median Rent
$640,400
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Concept 2000 — 1130 Zerega Ave, Bronx, NY 10462
Frequently Asked Questions
What type of property is this?
Auto shop - Industrial automotive facility with office space, vehicle storage, and on-site parking in an M1-zoned setting.
Where is this auto shop located?
The property is located at 1341 BLONDELL AVE Bronx, NY.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Approximately 6,600 square feet of building area; ~6,750 square foot lot, equal to 0.155 acres; Multiple service bays with office space
