Auto-Repair Shop with Three
For Sale
$175,000
1705 Broadway, Schenectady, NY 12306
Full-service auto-repair shop with three lifts and three 12-foot overhead doors, built in 1955 and offered with a leaseback on NNN terms.
Property Size1,355 SF
Price / SF$129.15
Days on Market87
Property Features for 1705 Broadway
General Information
Standard status
Active
Size
1,355 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Service Bays
3
Building Details
Year Built
1955
Listing Agency:
Realty One Group Key
Listed By:
Ryan Mortka
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jun 26
Changed: Sep 19
Last Checked: Sep 20 at 9:22AM
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 Realty One Group Key
Investment Insights
Based on property information with market context.
This auto-repair shop is set up for full-service maintenance and repairs, with work focused on brakes, body work, oil changes, and tune-ups. The facility includes three lifts and three 12-foot overhead doors, along with additional equipment included in the sale. A leaseback is also available on NNN terms.
The building was constructed in 1955 and totals 1,355 SF. The property is located at 1705 Broadway in Schenectady, New York.
For buyers looking for an auto-repair operation with the core repair infrastructure already in place, the lift and door configuration supports day-to-day service workflow across multiple vehicles while keeping the shop functional for routine maintenance and mechanical and body work.
The building was constructed in 1955 and totals 1,355 SF. The property is located at 1705 Broadway in Schenectady, New York.
For buyers looking for an auto-repair operation with the core repair infrastructure already in place, the lift and door configuration supports day-to-day service workflow across multiple vehicles while keeping the shop functional for routine maintenance and mechanical and body work.
Key Highlights
- 1,355 SF auto‑repair shop built in 1955
- Three lifts for vehicle service and repair
- Three 12‑foot overhead doors for shop access
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
$8,380
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
4.79%
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%
$167,600
$167.6K
Cap Rate 7%
$119,714
$119.7K
Cap Rate 9%
$93,111
$93.1K
Market Conditions
NOI Build-Up for 1,355 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
$12.8K $9.48/SF
− Vacancy
−$873 −$0.64/SF
EGI
$12.0K $8.84/SF
− OpEx
−$3.6K −$2.65/SF
NOI
$8.4K $6.18/SF
Area
Schenectady County, NY
Vacancy
6.80%
Lease Rate
$9.48 /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%
$167,600
Cap Rate 7%
$119,714
Cap Rate 9%
$93,111
Alternative Uses
Best Use
Retail
$233.7K
$204.5K – $272.6K
NOI $16,356 @ 7.0% cap · market cap 9.35%
Second Best
Industrial
$119.7K
$104.8K – $139.7K
NOI $8,380 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$405.6K
$354.9K – $473.2K
NOI $28,390 @ 7.0% cap · market cap 16.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12306, NY
26,935
Population
12,481
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
43.9 sq mi
ZIP Area
614
Density / Sq Mi
$80,583
Median Household Income
$46,702
Median Earnings
$1,221
Median Rent
$212,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Caruso's Auto Repair Inc. — 1310 Helderberg Ave, Schenectady, NY 12306
- The Shady Bros Window Tinting — 419 Westside Ave, Schenectady, NY 12306
- R & R Auto Repair And Sales — 556 Notre Dame St, Schenectady, NY 12306
- TJ's Auto Sales & Repairs — 566 Notre Dame St, Rotterdam, NY 12306
- Mancini's Auto Body — 2331 Guilderland Ave, Schenectady, NY 12306
Frequently Asked Questions
What type of property is this?
Auto shop - Full-service auto-repair shop with three lifts and three 12-foot overhead doors, built in 1955 and offered with a leaseback on NNN terms.
Where is this auto shop located?
The property is located at 1705 Broadway Schenectady, NY.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,355 SF auto‑repair shop built in 1955; Three lifts for vehicle service and repair; Three 12‑foot overhead doors for shop access
