Existing Repair Shop For
1875 LAKELAND AVE Ronkonkoma, NY 11779
1875 LAKELAND AVE, Ronkonkoma, NY, 11779
Contact for pricing
For Sale
Contact for pricing
For-sale auto repair shop property offered as an existing repair operation.
Property Size3,500 SF
Price / SF$500
Days on Market21
Property Features for 1875 LAKELAND AVE
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Business for Sale, Industrial, Retail
Building Details
- Year Built
- 1977
Listing agency
Matthew Spiegel - Licensed Independent Broker
Listed by
Matt Spiegel · License #10301206664
Source
Crexi
Added: Jul 1 Updated: Jul 21 at 1:52AM Checked: Jul 21 at 1:52AM
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 Matthew Spiegel - Licensed Independent Broker
Investment Insights
Based on property information with market context.
The property is an existing repair shop available for sale. This is a turnkey opportunity for an automotive repair business seeking a ready-built operating setup.
The asset is located at 1875 Lakeland Ave in Ronkonkoma, New York. The offering is presented as a repair shop property, with commercial use tied directly to its current automotive repair function.
With a listed property size of 3,500 square feet, the space is configured for an ongoing repair-shop operation as reflected in the current use described in the remarks.
The asset is located at 1875 Lakeland Ave in Ronkonkoma, New York. The offering is presented as a repair shop property, with commercial use tied directly to its current automotive repair function.
With a listed property size of 3,500 square feet, the space is configured for an ongoing repair-shop operation as reflected in the current use described in the remarks.
Key Highlights
- Existing auto repair shop for sale with an active repair operation
- Built in 1977
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.0k | $30.00 |
| − Vacancy | −$7.2k | −$2.07 |
| EGI | $97.8k | $27.93 |
| − OpEx | −$29.3k | −$8.38 |
| NOI | $68.4k | $19.55 |
3,500 SF · lease $30.00/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$977.6K
$855.4K – $1.14M
NOI $68,429 @ 7.0% cap · market cap 3.91%
Second Best
Industrial
$709.9K
$621.2K – $828.2K
NOI $49,692 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$1.07M
$933.0K – $1.24M
NOI $74,638 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Relations Auto Body ...
Auto Repair Shop
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FAQs
What type of property is this?
Auto shop - For-sale auto repair shop property offered as an existing repair operation.
Where is this auto shop located?
The property is located at 1875 LAKELAND AVE Ronkonkoma, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Existing auto repair shop for sale with an active repair operation; Built in 1977
