Established Auto Body Shop For
For Sale
Contact for pricing
248 Winthrop Ave, Westbury, NY 11590
Long-established auto body shop with real estate in Westbury, NY.
Property Size6,200 SF
Price / SF$403.23
Days on Market150
Property Features for 248 Winthrop Ave
General Information
Standard status
Active
Size
6,200 SF
Property subtype
Business for Sale, Industrial, Special Purpose
Zoning
B-2
Building Details
Year Built
1977
Year Renovated
2021
Buildings
1
Listing Agency:
Island Associates Real Estate Inc.
(631) 682-2100
Listed By:
Jason Merrell · License #NY 204096
Source:
Crexi
Added: Mar 24
Changed: Aug 10
Last Checked: Aug 20 at 12:47AM
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 Island Associates Real Estate Inc.
Investment Insights
Based on property information with market context.
The property at 248 Winthrop Avenue in Westbury, New York, presents an opportunity to acquire Village Auto Body, a collision repair business with the underlying real estate. Established in 1977, Village Auto Body has been in continuous operation for nearly five decades. The 6,200 square foot facility supports collision repair operations, including electric vehicle servicing, advanced color matching, mechanical services, and 24-hour towing. The business has built a reputation throughout Nassau County for craftsmanship, integrity, and technical capability.
Key Highlights
- Long‑established auto body business (since 1977) with a strong reputation in Nassau County.
- Includes the underlying real estate at 248 Winthrop Avenue, Westbury, NY.
- Supports modern collision repair operations, including electric vehicle servicing.
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
$122,779
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
4.91%
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%
$2,455,580
$2.5M
Cap Rate 7%
$1,753,986
$1.8M
Cap Rate 9%
$1,364,211
$1.4M
Market Conditions
NOI Build-Up for 6,200 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
$186.0K $30.00/SF
− Vacancy
−$10.6K −$1.71/SF
EGI
$175.4K $28.29/SF
− OpEx
−$52.6K −$8.49/SF
NOI
$122.8K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
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%
$2,455,580
Cap Rate 7%
$1,753,986
Cap Rate 9%
$1,364,211
Alternative Uses
Best Use
Retail
$1.75M
$1.53M – $2.05M
NOI $122,779 @ 7.0% cap · market cap 4.91%
Second Best
Industrial
$1.27M
$1.11M – $1.48M
NOI $88,730 @ 7.0% cap · market cap 3.55%
Theoretical Best
Specialty Retail
$4.10M
$3.59M – $4.78M
NOI $286,952 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,289
Businesses Nearby
44k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Groceries 29%
Dining 13%
Electronics 2%
Bravo Supermarkets
Groceries
12,955 visits/mo
0.2 miles
Chase Bank
Shops & Services
9,887 visits/mo
0.2 miles
Bank of America
Shops & Services
7,936 visits/mo
0.1 miles
Conoco
Shops & Services
4,118 visits/mo
0.5 miles
Dunkin' Donuts
Dining
3,396 visits/mo
0.1 miles
Demographics for 11590, NY
47,838
Population
15,497
Households
3.1
Avg Household Size
40
Median Age
40%
College-Educated
87%
High-School Grad
6.7 sq mi
ZIP Area
7,140
Density / Sq Mi
$149,250
Median Household Income
$56,520
Median Earnings
$2,209
Median Rent
$616,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Motor Vehicle Repair Shop — Westbury, NY 11590
- F & F Auto Repair — 206 Carle Rd, Carle Place, NY 11514
- Dom's Auto Repairs — 15 Post Ave, Westbury, NY 11590
- Bethpage FCU ATM — 15 Old Country Rd, Westbury, NY 11590
- Richard Michelin — 15 Old Country Rd, Westbury, NY 115905225
Frequently Asked Questions
What type of property is this?
Auto shop - Long-established auto body shop with real estate in Westbury, NY.
Where is this auto shop located?
The property is located at 248 Winthrop Ave Westbury, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Long‑established auto body business (since 1977) with a strong reputation in Nassau County.; Includes the underlying real estate at 248 Winthrop Avenue, Westbury, NY.; Supports modern collision repair operations, including electric vehicle servicing.
