Listing Agency: Pavia Real Estate

Listed By: Patrick Agen · License #NY 30AG0873445

Source: Crexi

Added: Nov 5, 2021 Changed: Sep 7 Last Checked: Oct 5 at 7:26PM

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Investment Insights

Based on property information with market context.

This property features a metal recycling, salvage yard, auto repair, and towing business. The turn-key business includes land, buildings, business equipment, and inventory. The auto business has multiple towing contracts and a growing metal recycling business. The location is within 20 minutes of I-81, the Canadian Border, and Fort Drum. The property size is 8000 square feet.

Key Highlights

• Turn‑key business operation including land, buildings, equipment, and inventory.
• Established auto repair and towing business with multiple towing contracts.
• Growing metal recycling business.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,478

Cap Rate

5.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$989,560 $989.6K

Cap Rate 7%

$706,829 $706.8K

Cap Rate 9%

$549,756 $549.8K

Market Conditions

NOI Build-Up for 8,000 SF

Gross rent

$75.8K $9.48/SF

− Vacancy

−$5.2K −$0.64/SF

EGI

$70.7K $8.84/SF

− OpEx

−$21.2K −$2.65/SF

NOI

$49.5K $6.18/SF

Area

Jefferson County, NY

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$989,560

Cap Rate 7%

$706,829

Cap Rate 9%

$549,756

Alternative Uses

Best Use

Retail

$1.38M

$1.21M – $1.61M (±1% cap)

NOI $96,566 @ 7.0% cap · market cap 9.90%

Second Best

Industrial

$706.8K

$618.5K – $824.6K (±1% cap)

NOI $49,478 @ 7.0% cap · market cap 5.07%

Theoretical Best

Office A

$2.21M

$1.93M – $2.57M (±1% cap)

NOI $154,368 @ 7.0% cap · market cap 15.83%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Wills Wrecker Waste Management Facility

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 13656, NY

2,901

Population

1,190

Households

2.4

Avg Household Size

37

Median Age

15%

College-Educated

83%

High-School Grad

87.1 sq mi

ZIP Area

33

Density / Sq Mi

$62,250

Median Household Income

$31,218

Median Earnings

$487

Median Rent

$145,500

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Auto shop - Established auto and metal recycling business for sale.

Where is this auto shop located?

The property is located at 24913 Allen Rd La Fargeville, NY.

What is the asking price?

The asking price for this property is $975,000.

What are key features of this property?

This property features: Turn‑key business operation including land, buildings, equipment, and inventory.; Established auto repair and towing business with multiple towing contracts.; Growing metal recycling business.