Existing Repair Shop For
For Sale
Contact for pricing
1875 LAKELAND AVE, Ronkonkoma, NY 11779
For-sale auto repair shop property offered as an existing repair operation.
Property Size3,500 SF
Price / SF$500
Days on Market66
Property Features for 1875 LAKELAND AVE
General Information
Standard status
Active
Size
3,500 SF
Class
B
Property subtype
Business for Sale, Industrial, Retail
Zoning
IN1
Lease Type
Net
Additional Details
Business Included
Yes
Building Details
Year Built
1977
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Matthew Spiegel - Licensed Independent Broker
Listed By:
Matt Spiegel · License #10301206664
Source:
Crexi
Added: Jul 1
Changed: Aug 31
Last Checked: Sep 2 at 5:51AM
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
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
$68,429
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
3.91%
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%
$1,368,580
$1.4M
Cap Rate 7%
$977,557
$977.6K
Cap Rate 9%
$760,322
$760.3K
Market Conditions
NOI Build-Up for 3,500 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
$105.0K $30.00/SF
− Vacancy
−$7.2K −$2.07/SF
EGI
$97.8K $27.93/SF
− OpEx
−$29.3K −$8.38/SF
NOI
$68.4K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$30.00 /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%
$1,368,580
Cap Rate 7%
$977,557
Cap Rate 9%
$760,322
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,200
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 69%
Shops & Services 18%
Home Improvements & Furnishings 13%
Hilton Garden Inn
Hotels & Casinos
5,108 visits/mo
0.5 miles
StorQuest Self Storage
Shops & Services
1,078 visits/mo
0.2 miles
Ferguson
Home Improvements & Furnishings
965 visits/mo
0.5 miles
Carstar Faith Auto Works
Shops & Services
252 visits/mo
0.3 miles
Demographics for 11779, NY
38,250
Population
14,145
Households
2.7
Avg Household Size
42
Median Age
31%
College-Educated
94%
High-School Grad
12.5 sq mi
ZIP Area
3,060
Density / Sq Mi
$117,684
Median Household Income
$54,121
Median Earnings
$2,103
Median Rent
$465,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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
