Three-Bay Auto Shop with
For Sale
$289,000
13560 GENESEE ST, Alden, NY 14004
Automotive building with an upstairs apartment, generous parking, and room for vehicle storage or outdoor use.
Property Size2,908 SF
Price / SF$99.38
Days on Market10
Property Features for 13560 GENESEE ST
General Information
Standard status
Active
Size
2,908 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$6,756
Amenities
Gas, A/C - Zone
3
Other
Metal, Asphalt, Shingle
25 Parking Spaces.
Rectangular
150X206
Rectangular.
Building Details
Year Built
1940
Listing Agency:
WNY Metro Roberts Realty
(716) 662-0449
Listed By:
Lidia Egleston · License #10401345761
(716) 207-6976
Source:
Xome
Added: Aug 24
Changed: Sep 1
Last Checked: Sep 1 at 8:30PM
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 WNY Metro Roberts Realty
Investment Insights
Based on property information with market context.
Built in 1940, this 2,908-square-foot commercial property combines an automotive-oriented building with three service bays and a separate apartment on the upper level. The interior includes gas service and zone air conditioning. The property is offered as-is, with the sale limited to the building and land; business assets, equipment, tools, inventory, and personal property are excluded.
The site encompasses 0.71 acres at 13560 Genesee Street in Alden, New York. Its rectangular parcel measures 150 by 206 feet and provides 25 parking spaces, along with room for vehicle storage and outdoor activity. The property’s prior automotive use and mixed commercial-residential configuration offer a practical foundation for an owner-user or buyer seeking distinct commercial and apartment areas.
The site encompasses 0.71 acres at 13560 Genesee Street in Alden, New York. Its rectangular parcel measures 150 by 206 feet and provides 25 parking spaces, along with room for vehicle storage and outdoor activity. The property’s prior automotive use and mixed commercial-residential configuration offer a practical foundation for an owner-user or buyer seeking distinct commercial and apartment areas.
Key Highlights
- 2,908 SF commercial building on 0.71 acres
- Three automotive service bays
- Separate residential apartment upstairs
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
$26,147
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
9.05%
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%
$522,940
$522.9K
Cap Rate 7%
$373,529
$373.5K
Cap Rate 9%
$290,522
$290.5K
Market Conditions
NOI Build-Up for 2,908 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
$41.9K $14.40/SF
− Vacancy
−$4.5K −$1.56/SF
EGI
$37.4K $12.84/SF
− OpEx
−$11.2K −$3.85/SF
NOI
$26.1K $8.99/SF
Area
Erie County, NY
Vacancy
10.80%
Lease Rate
$14.40 /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%
$522,940
Cap Rate 7%
$373,529
Cap Rate 9%
$290,522
Alternative Uses
Best Use
Mixed Use
$390.2K
$341.5K – $455.3K
NOI $27,317 @ 7.0% cap · market cap 9.45%
Second Best
Retail
$373.5K
$326.8K – $435.8K
NOI $26,147 @ 7.0% cap · market cap 9.05%
Theoretical Best
Office A
$635.7K
$556.2K – $741.7K
NOI $44,499 @ 7.0% cap · market cap 15.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14004, NY
11,583
Population
4,386
Households
2.6
Avg Household Size
47
Median Age
22%
College-Educated
91%
High-School Grad
48.6 sq mi
ZIP Area
238
Density / Sq Mi
$88,011
Median Household Income
$51,981
Median Earnings
$754
Median Rent
$236,300
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
- A & N AUTOMOTIVE LLC — 13560 Genesee St, Crittenden, NY 14038
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive building with an upstairs apartment, generous parking, and room for vehicle storage or outdoor use.
Where is this auto shop located?
The property is located at 13560 GENESEE ST Alden, NY.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 2,908 SF commercial building on 0.71 acres; Three automotive service bays; Separate residential apartment upstairs
