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 Market112
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: Oct 18
Last Checked: Oct 19 at 7:22AM
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 Matthew Spiegel - Licensed Independent Broker
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$68,429
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Anthony's Auto Service — Bohemia, NY 11716
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- S & D Spring & Wheel Alignment — 1644 Locust Ave, Bohemia, NY 11716
- Motor Coach Repair Specialist — 1595 ocean ave # b4, bohemia, ny 11716
- Optimum Customs & Performance — 1648 Locust Ave Unit E, Bohemia, NY 11716
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
