Four-Bay Auto
For Sale
$599,900
Pending
8388 W Ridge Road Clarkson, Ny, NY 14420
Repair facility with expansion land, utility service, and access at a signalized intersection.
Property Size2,622 SF
Days on Market130
Property Features for 8388 W Ridge Road Clarkson
General Information
Standard status
Pending
Size
2,622 SF
Total Parking Spaces
30
Property subtype
CommercialSale
Zoning
HC
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Service Bays
4
Taxes and HOA fees
Annual Taxes
$8,115
Amenities
Concrete
Yes
No
1
Land and Building
Rectangular,RectangularLot
3.48
30.0
161X220
OnSite
2622.0
Building Details
Building Size
2,622 SF
Year Built
1958
Buildings
1
Stories
1
Listing Agency:
RE/MAX Plus
(585) 798-9898
Listed By:
Angelea Pugh · License #10301214748
(585) 798-9898
Source:
Zambitorealtors
Added: Apr 24
Changed: Aug 30
Last Checked: Aug 31 at 12:59PM
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 RE/MAX Plus
Investment Insights
Based on property information with market context.
The property includes a 2,600-square-foot repair shop with four open bays and an additional 3 acres available for expansion. The building dates to 1958 and is supported by gas, water, and sanitary sewer service at the property. Tanks have been removed, with a clean report from DEC.
Positioned at a signalized intersection, the site provides room for approximately 30–40 parked vehicles. H-C zoning is in place, and the combination of an existing automotive facility, expansion area, and utility connections supports continued repair operations or other uses identified in the source information.
Positioned at a signalized intersection, the site provides room for approximately 30–40 parked vehicles. H-C zoning is in place, and the combination of an existing automotive facility, expansion area, and utility connections supports continued repair operations or other uses identified in the source information.
Key Highlights
- 2,600‑square‑foot repair shop with four open bays
- Additional 3 acres available for expansion
- Signalized intersection location
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
$38,089
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
6.35%
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%
$761,780
$761.8K
Cap Rate 7%
$544,129
$544.1K
Cap Rate 9%
$423,211
$423.2K
Market Conditions
NOI Build-Up for 2,622 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
$57.6K $21.96/SF
− Vacancy
−$3.2K −$1.21/SF
EGI
$54.4K $20.75/SF
− OpEx
−$16.3K −$6.23/SF
NOI
$38.1K $14.53/SF
Area
New York, NY
Vacancy
5.50%
Lease Rate
$21.96 /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%
$761,780
Cap Rate 7%
$544,129
Cap Rate 9%
$423,211
Alternative Uses
Best Use
Retail
$5.27M
$4.61M – $6.15M
NOI $368,980 @ 7.0% cap · market cap 61.51%
Second Best
Industrial
$544.1K
$476.1K – $634.8K
NOI $38,089 @ 7.0% cap · market cap 6.35%
Theoretical Best
Specialty Retail
$6.53M
$5.71M – $7.61M
NOI $456,857 @ 7.0% cap · market cap 76.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Service bays
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14420, NY
19,567
Population
8,245
Households
2.4
Avg Household Size
34
Median Age
35%
College-Educated
94%
High-School Grad
59.0 sq mi
ZIP Area
332
Density / Sq Mi
$69,716
Median Household Income
$35,211
Median Earnings
$951
Median Rent
$178,600
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.
Frequently Asked Questions
What type of property is this?
Auto shop - Repair facility with expansion land, utility service, and access at a signalized intersection.
Where is this auto shop located?
The property is located at 8388 W Ridge Road Clarkson Ny, NY.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 2,600‑square‑foot repair shop with four open bays; Additional 3 acres available for expansion; Signalized intersection location
