Auto Shop with 6 Service
New
For Sale
$2,750,000
205-207 Osborne Road, Harrison, NY 10528
Established automotive operation includes a grandfathered-in spray booth, mixed-use improvements, and on-site parking.
Property Size7,471 SF
Lot Size0.31 Acres
Days on Market5
Property Features for 205-207 Osborne Road
General Information
Standard status
Active
Size
7,471 SF
Lot size
0.31 Acres
Property subtype
Mixed Use
Additional Details
Business Included
Yes
Service Bays
6
Taxes and HOA fees
Annual Taxes
$38,866
Amenities
grandfathered-in spray booth
unfinished upper-level storage
200-amp three-phase electrical service
waste-oil heating system
unfinished basement
separate 100-amp electrical service
Building Details
Building Size
7,471 SF
Buildings
2
Abandoned
No
Listing Agency:
Coldwell Banker Realty
Listed By:
Anthony Bommarito
(914) 434-3460
Source:
Cottiemaxwellrealestate
Added: Sep 18
Changed: Sep 21
Last Checked: Sep 21 at 7:10AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
The property combines an established body and mechanic shop with a two-family residence at 205-207 Osborne Road in Harrison, NY. The approximately 5,500 SF commercial building contains 6 service bays, a grandfathered-in spray booth, approximately 1,400 SF of unfinished upper-level storage, 200-amp three-phase electrical service, and a waste-oil heating system. Parking accommodates 20+ vehicles.
The approximately 1,938 SF residence includes a 3-bedroom, 2-full-bath unit and a separate 2-bedroom, 1-bath unit, along with an unfinished basement and separate 100-amp electrical service. The offering includes the real estate, operating body and mechanic shop business, inventory, and equipment. The automotive operation has been in place for over 40 years, providing a combined commercial and residential property configuration.
The approximately 1,938 SF residence includes a 3-bedroom, 2-full-bath unit and a separate 2-bedroom, 1-bath unit, along with an unfinished basement and separate 100-amp electrical service. The offering includes the real estate, operating body and mechanic shop business, inventory, and equipment. The automotive operation has been in place for over 40 years, providing a combined commercial and residential property configuration.
Key Highlights
- Approximately 5,500 SF commercial building with 6 service bays
- Grandfathered‑in spray booth included
- Approximately 1,400 SF of unfinished upper‑level storage
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
$157,970
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
5.74%
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%
$3,159,400
$3.2M
Cap Rate 7%
$2,256,714
$2.3M
Cap Rate 9%
$1,755,222
$1.8M
Market Conditions
NOI Build-Up for 7,471 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
$260.0K $34.80/SF
− Vacancy
−$34.3K −$4.59/SF
EGI
$225.7K $30.21/SF
− OpEx
−$67.7K −$9.06/SF
NOI
$158.0K $21.14/SF
Area
Westchester County, NY
Vacancy
13.20%
Lease Rate
$34.80 /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%
$3,159,400
Cap Rate 7%
$2,256,714
Cap Rate 9%
$1,755,222
Alternative Uses
Best Use
Retail
$2.26M
$1.97M – $2.63M
NOI $157,970 @ 7.0% cap · market cap 5.74%
Second Best
Multifamily LT 5
$2.08M
$1.82M – $2.43M
NOI $145,520 @ 7.0% cap · market cap 5.29%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
6
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,032
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10528, NY
13,108
Population
5,101
Households
2.6
Avg Household Size
40
Median Age
58%
College-Educated
94%
High-School Grad
3.8 sq mi
ZIP Area
3,449
Density / Sq Mi
$151,193
Median Household Income
$73,327
Median Earnings
$2,683
Median Rent
$934,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Blue Chip Automotive Services Inc — 160 Halstead Ave, Harrison, NY 10528
- Harrison Auto Care Inc — 160 Halstead Ave, Harrison, NY 10528
- Carpiniello Aluminum Products, Inc. — 205 Harrison Ave, Harrison, NY 10528
- Rjb Service — 59 Grant Ave, Harrison, NY 10528
- Adelphi Auto Works Inc — 1 Grant Ave, Harrison, NY 10528
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive operation includes a grandfathered-in spray booth, mixed-use improvements, and on-site parking.
Where is this auto shop located?
The property is located at 205-207 Osborne Road Harrison, NY.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Approximately 5,500 SF commercial building with 6 service bays; Grandfathered‑in spray booth included; Approximately 1,400 SF of unfinished upper‑level storage
