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    Thriving Auto Repair Business Opportunity Title is generated by Realmo AI

    206 Park Street, Tupper Lake, NY 12986

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    For Sale
    $395,000

    COMMERCIAL - Tupper Lake, NY

    Property size:
    1,625 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $243/SF
    Added:
    Nov 6, 2025
    Days on Market:
    190
    Last Refresh:
    May 15 at 1:06 am

    Property Features for 206 Park Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking features
    Parking Lot
    Exterior features
    Storage
    Standard status
    Active
    APN
    490.60-9-4
    Size
    1,625 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3681

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Oil
    Water source
    Public

    Building Details

    Year built
    1960
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Block
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Kira Witherwax
    Kira Witherwax

    Listing agent Kira Witherwax License #10301214853

    Listing office RE/MAX North Country 68 Cornelia Street, Plattsburgh, NY

    Listing date Nov 6, 2025

    MLS# 206183

    Copyright © 2026 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey business opportunity with established reputation (50+ years) in the Adirondack community.
    • Includes real estate (building) and business assets.
    • Multiple revenue streams: auto repair, NYS inspection license, U‑Haul rental, AAA towing.
    • Sale includes essential equipment: Snap‑On tire changer/balancer, lifts, 2022 Ram 5500 Rollback.
    • Newer, valuable upgrades: Waste oil furnace (3 years old), Carlyle Air Compressor (new 2026).
    • Owner financing available.

    Overview

    This is an opportunity to own a thriving business in the Adirondack community of Tupper Lake. Luke's Tire & Auto Repair has served Tupper Lake for over 50 years and has a great reputation. The business currently operates a 2 bay service station and has a NYS Inspection license, a U-Haul Rental franchise, and Triple A towing. This turnkey sale includes both the building and the business. Included in the sale are a Snap-On Tire Changer (2 years old), Snap-on Balancer, 140000LB Drive on Forward Lift, 12000 LB Rotary Post Lift, a 2022 Ram 5500 Rollback, a 3-Year-Old $12000.00 Waste Oil Furnace System, and a New (2026) Carlyle Air Compressor. The commercial property is situated on a 0.25-acre lot. The building has 1625 square feet of space. The property is zoned commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Car Rental Facility Luke's Tire and Auto ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Luke's Tire and Auto Repair Inc. — 206 Park St, Tupper Lake, NY 12986

    Location Insight

    • Map
    • Local Demand
    City
    Tupper Lake
    County
    Franklin
    State
    New York
    Longitude
    -74.459644
    Latitude
    44.224185

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    FAQs

    What type of property is this?
    Auto shop - Turnkey auto repair business for sale in Tupper Lake.
    Where is this auto shop located?
    The property is located at 206 Park Street Tupper Lake, NY.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Turnkey business opportunity with established reputation (50+ years) in the Adirondack community.; Includes real estate (building) and business assets.; Multiple revenue streams: auto repair, NYS inspection license, U‑Haul rental, AAA towing.
    (518) 570-7574
    We can help!
    Listing Contact
    Kira Witherwax
    Kira Witherwax
    Real Estate License ID: 10301214853
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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