Retail and Truck Repair
For Sale
$1,790,000
174 Main Avenue, Wynantskill, NY 12198
Two buildings: retail and truck/industrial repair facility for sale.
Property Size12,985 SF
Lot Size2.08 Acres
Price / SF$137.85
Days on Market145
Property Features for 174 Main Avenue
General Information
Standard status
Active
Size
12,985 SF
Lot size
2.08 Acres
Property subtype
Retail
Listing Agency:
CBRE - Albany
(518) 365-0990
Listed By:
Dan Simpson · License #Associate Real Estate Broker
(518) 365-0990
Source:
Cbre
Added: Mar 25
Changed: Aug 15
Last Checked: Aug 14 at 6:04AM
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 CBRE - Albany
Investment Insights
Based on property information with market context.
Offered for sale are two buildings situated on approximately 2.08 acres. The first building is an income-producing retail space of approximately 7,534 square feet, currently occupied by two tenants: a nail salon and a dining establishment. The second building is an approximately 5,451 square foot truck and industrial repair facility. The truck repair facility includes a paint booth and five grade-level overhead doors. The facility has an approximate height of 15 feet and 440-volt power. All furniture, fixtures, and equipment (FFE) for the truck repair facility are included in the sale price, with details available upon request. There is parking for approximately 75 cars. The property is located on the south side of Main Avenue (Route 66) at the intersection of Ashcroft Street.
Key Highlights
- Income‑producing retail building with two established tenants.
- Truck/industrial repair facility with all FFE included in the sale price.
- Large ±2.08 acre site on Main Avenue (Route 66).
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
$137,237
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
7.67%
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%
$2,744,740
$2.7M
Cap Rate 7%
$1,960,529
$2.0M
Cap Rate 9%
$1,524,856
$1.5M
Market Conditions
NOI Build-Up for 12,985 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
$210.4K $16.20/SF
− Vacancy
−$14.3K −$1.10/SF
EGI
$196.1K $15.10/SF
− OpEx
−$58.8K −$4.53/SF
NOI
$137.2K $10.57/SF
Area
Rensselaer County, NY
Vacancy
6.80%
Lease Rate
$16.20 /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%
$2,744,740
Cap Rate 7%
$1,960,529
Cap Rate 9%
$1,524,856
Alternative Uses
Best Use
Retail
$2.36M
$2.06M – $2.75M
NOI $165,099 @ 7.0% cap · market cap 9.22%
Second Best
Industrial
$1.96M
$1.72M – $2.29M
NOI $137,237 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$3.25M
$2.84M – $3.79M
NOI $227,223 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
12k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Home Improvements & Furnishings 29%
Hoffman Car Wash
Shops & Services
5,846 visits/mo
0.4 miles
Hatchet Hardware Of Wynantskill
Home Improvements & Furnishings
3,420 visits/mo
0.3 miles
M&T Bank
Shops & Services
1,631 visits/mo
0.2 miles
Trustco Bank
Shops & Services
996 visits/mo
0.3 miles
Demographics for 12198, NY
7,548
Population
3,069
Households
2.5
Avg Household Size
44
Median Age
42%
College-Educated
98%
High-School Grad
13.2 sq mi
ZIP Area
572
Density / Sq Mi
$113,042
Median Household Income
$60,244
Median Earnings
$1,184
Median Rent
$282,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Mulson's Garage — 174 Main Ave Suite 1, Wynantskill, NY 12198
- Tony Scott Auto 2 — 395 Main Ave #7551, Wynantskill, NY 12198
Frequently Asked Questions
What type of property is this?
Auto shop - Two buildings: retail and truck/industrial repair facility for sale.
Where is this auto shop located?
The property is located at 174 Main Avenue Wynantskill, NY.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Income‑producing retail building with two established tenants.; Truck/industrial repair facility with all FFE included in the sale price.; Large ±2.08 acre site on Main Avenue (Route 66).
