Three-Bay Auto
New
For Sale
$289,000
13560 Genesee Street, Alden, NY 14004
CommercialSale, Alden, NY
Property Size2,908 SF
Lot Size0.71 Acres
Price / SF$99.38
Days on Market3
Property Features for 13560 Genesee Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Zoning description
Commercial
Parking
25
Lot features
Rectangular, Rectangular Lot
Elementary school district
Alden
Middle school district
Alden
High school district
Alden
Directions
Walden to Genesee
Subdivision
Alden-142089
Standard status
Active
APN
142089-086-040-0001-003-000
Size
2,908 SF
Lot size
0.71 Acres
Taxes and HOA fees
Tax Annual Amount
6756
Utilities
Sewer type
Septic Tank
Heating system
Baseboard, Zoned, Natural Gas, Forced Air, Oil
Cooling system
Zoned
Water source
Well
Amenities
separate residential apartment upstairs
Building Details
Year built
1940
Floors in Building
1
Flooring type
Concrete, Hardwood, Varies, Linoleum, Vinyl
Roof type
Asphalt, Shingle, Metal
Listing Agency:
WNY Metro Roberts Realty
(716) 662-0449
Listed By:
Lidia Egleston · License #10401345761
(716) 207-6976
Added: Aug 26
Changed: Aug 27
Last Checked: Aug 28 at 5:06AM
MLS# B1709364
Copyright © 2026 New York State Alliance of MLSs, LLC. 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 2,908-square-foot commercial building occupies 0.71 acres and has a layout associated with automotive use, including three service bays. An upstairs residential apartment adds a separate component to the property. The building and land are offered as-is, with the sale excluding the business, equipment, tools, inventory, and personal property.
Located on Genesee Street in Alden, the property includes room for parking, vehicle storage, and outdoor use. Building systems and finishes include concrete, hardwood, linoleum, vinyl, and varied flooring; baseboard and forced-air heating; zoned heating and cooling; and asphalt, shingle, and metal roof materials. The property uses well water and a septic tank, and was built in 1940.
Located on Genesee Street in Alden, the property includes room for parking, vehicle storage, and outdoor use. Building systems and finishes include concrete, hardwood, linoleum, vinyl, and varied flooring; baseboard and forced-air heating; zoned heating and cooling; and asphalt, shingle, and metal roof materials. The property uses well water and a septic tank, and was built in 1940.
Key Highlights
- 2,908 SF commercial building on 0.71 acres
- Three bays support the property's automotive layout
- Upstairs residential apartment included
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
Lease Details
3
Service bays
Yes
Paved road access
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 - C2-zoned commercial property with an upstairs apartment and space for vehicle-related operations.
Where is this auto shop located?
The property is located at 13560 Genesee Street 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 bays support the property's automotive layout; Upstairs residential apartment included
