Three-Bay Auto Repair
For Sale
Contact for pricing
1981 Western Avenue, Guilderland, NY 12203
Three service bays are complemented by a customer waiting room and two bathrooms.
Property Size1,431 SF
Price / SF$2.52
Days on Market88
Property Features for 1981 Western Avenue
General Information
Standard status
Active
Size
1,431 SF
Property subtype
Business
Automotive
Service Bays
3
Automotive Uses
auto repair
Amenities
2 bathrooms
waiting room
Building Details
Year Built
1960
Listing Agency:
Stewarts Shops Corp
(518) 581-1200
Listed By:
Molly Russell · License #10401387600
(518) 633-7783
Source:
Simplywoodardrealestate
Added: Aug 6
Changed: Nov 1
Last Checked: Nov 1 at 3:43PM
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 Stewarts Shops Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This auto repair garage contains three service bays, two bathrooms, and a waiting room. The building dates to 1960 and is located at 1981 Western Avenue in Guilderland, New York.
Key Highlights
- Three garage bays
- Two bathrooms
- Waiting room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,444
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,880
$268.9K
Cap Rate 7%
$192,057
$192.1K
Cap Rate 9%
$149,378
$149.4K
Market Conditions
NOI Build-Up for 1,431 SF
Gross rent
$20.6K $14.40/SF
− Vacancy
−$1.4K −$0.98/SF
EGI
$19.2K $13.42/SF
− OpEx
−$5.8K −$4.03/SF
NOI
$13.4K $9.39/SF
Area
Albany County, NY
Vacancy
6.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,880
Cap Rate 7%
$192,057
Cap Rate 9%
$149,378
Alternative Uses
Best Use
Retail
$246.8K
$215.9K – $287.9K
NOI $17,273 @ 7.0% cap · market cap 479.81%
Second Best
Industrial
$192.1K
$168.1K – $224.1K
NOI $13,444 @ 7.0% cap · market cap 373.44%
Theoretical Best
Office A
$446.5K
$390.7K – $521.0K
NOI $31,257 @ 7.0% cap · market cap 868.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Service bays
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
80k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 39%
Apparel 14%
Home Improvements & Furnishings 5%
Burger King
Dining
14,992 visits/mo
0.1 miles
Dunkin' Donuts
Dining
14,623 visits/mo
0.4 miles
Goodwill
Apparel
10,899 visits/mo
0.2 miles
Cumberland Farms
Shops & Services
8,399 visits/mo
0.5 miles
KeyBank
Shops & Services
8,176 visits/mo
0.4 miles
Demographics for 12203, NY
28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- High End Repairs — 2506 Brandywine Pkwy, Guilderland, NY 12084
- Guardian Windshield — 1981 Western Ave, Albany, NY 12203
- Albany Windshield & Auto glass — 1981 Western Ave, Albany, NY 12203
- Statewide Interlock — 2009 Western Ave, Albany, NY 12203
Frequently Asked Questions
What type of property is this?
Auto shop - Three service bays are complemented by a customer waiting room and two bathrooms.
Where is this auto shop located?
The property is located at 1981 Western Avenue Guilderland, NY.
What are key features of this property?
This property features: Three garage bays; Two bathrooms; Waiting room
