Listing Agency: Island Associates Real Estate, Inc. Show Phone

Listed By: Christopher R. Mayor · License #10401293904 Show Phone

Source: Moodyscre

Added: Nov 29, 2023 Changed: Oct 2 Last Checked: Oct 16 at 10:21AM

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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 Island Associates Real Estate, Inc.

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Investment Insights

Based on property information with market context.

This 3,500-square-foot auto shop is positioned at a signalized intersection with frontage along Montauk Highway and Vanderbilt Boulevard. The property offers a two-street presence within an established commercial setting.

Traffic counts are reported at 19,093 daily vehicles. Nearby area retailers include 7-Eleven, Village Idiot Bar & Grill, Ace Hardware, and Mannino’s, adding a range of recognizable commercial uses to the surrounding retail environment.

Key Highlights

• 3,500‑square‑foot auto shop
• Signalized corner location
• 108 feet of frontage on Montauk Highway

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,429

Cap Rate

4.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,368,580 $1.4M

Cap Rate 7%

$977,557 $977.6K

Cap Rate 9%

$760,322 $760.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,500 SF

Gross rent

$105.0K $30.00/SF

− Vacancy

−$7.2K −$2.07/SF

EGI

$97.8K $27.93/SF

− OpEx

−$29.3K −$8.38/SF

NOI

$68.4K $19.55/SF

Area

Suffolk County, NY

Vacancy

6.90%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,368,580

Cap Rate 7%

$977,557

Cap Rate 9%

$760,322

Alternative Uses

Best Use

Retail

$977.6K

$855.4K – $1.14M (±1% cap)

NOI $68,429 @ 7.0% cap · market cap 4.56%

Second Best

Industrial

$709.9K

$621.2K – $828.2K (±1% cap)

NOI $49,692 @ 7.0% cap · market cap 3.31%

Theoretical Best

Office A

$1.07M

$933.0K – $1.24M (±1% cap)

NOI $74,638 @ 7.0% cap · market cap 4.98%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Oakdale Auto and Tire Auto Repair Shop Pirelli Auto Repair Shop Oakdale Automotive Auto Repair Shop

Suggested Use

Top Pick Law Firm Restaurant Dental Office Pharmacy Hair Salon Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

19,093 VPD

Traffic count

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

310

Businesses Nearby

12k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 84% Home Improvements & Furnishings 16%

7-Eleven Shops & Services

8,237 visits/mo 0.1 miles

Valero Energy Shops & Services

2,213 visits/mo 0.1 miles

Ace Hardware Home Improvements & Furnishings

1,929 visits/mo 0.2 miles

Demographics for 11769, NY

9,250

Population

3,783

Households

2.4

Avg Household Size

50

Median Age

47%

College-Educated

97%

High-School Grad

4.4 sq mi

ZIP Area

2,102

Density / Sq Mi

$128,419

Median Household Income

$60,175

Median Earnings

$2,344

Median Rent

$585,800

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar For Sale Nearby

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Bank Branch With Drive-Through

1336 Montauk Hwy, Oakdale, NY 11769

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Specialty Property with Basement

6 Bridle Way, Oakdale, NY 11769

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Similar Off Market Nearby

• Long Island salvage — 102 Grassmere Ave, Oakdale, NY 11769
• Meineke Car Care Center — 1230 montauk hwy, oakdale, ny 11769
• Tigre Auto Repair Inc. — 1230 Montauk Hwy, Oakdale, NY 11769
• Oakdale Auto and Tire — 1535 Montauk Hwy, Oakdale, NY 11769
• Pirelli — 1535 Montauk Hwy, Oakdale, NY 11769

Frequently Asked Questions

What type of property is this?

Auto shop - Commercial property with dual street frontage, controlled intersection access, and established retail surroundings.

Where is this auto shop located?

The property is located at 1535 Montauk Hwy Oakdale, NY.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: 3,500‑square‑foot auto shop; Signalized corner location; 108 feet of frontage on Montauk Highway