Auto Body Shop
For Sale
$4,500,000
Pending
2500 Boston Rd The, Bronx, NY 10467
Thriving auto body shop with prime real estate for sale.
Property Size6,076 SF
Days on Market143
Property Features for 2500 Boston Rd The
General Information
Standard status
Pending
Size
6,076 SF
Property subtype
Commercial
Building Details
Building Size
6,076 SF
Listing Agency:
Lucblue Realty LLC
Listed By:
Lucy Badwan · License #LB4461
(718) 500-1919
Source:
Elliman
Added: Apr 24
Changed: Sep 9
Last Checked: Sep 13 at 7:22AM
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 Lucblue Realty LLC
Investment Insights
Based on property information with market context.
This is an opportunity to own a thriving auto body shop and prime real estate in the Bronx. The property is a corner building with high visibility on three main streets. The 6,079 square foot property, previously utilized as an auto body shop with 9,711 square feet, is zoned C8-1. The auto body shop has a 41-year history and features customer service, a loyal client base, and business operations. The business yields an annual net income exceeding $1 million. The property is suited for an entrepreneur within the same industry seeking ownership rather than leasing. The business features prime location with signage, 7 bays, 26 parking spaces, multiple private offices, and a waiting room. It also includes 20-foot ceilings, two oversized 14-foot doors, motion sensor lights, 3-phase power, central air conditioning, and LED lighting. The property has 4 Benwill One-arm Lifts and two Heavy Duty Frame Machines, 2 paint spray booths, a bathroom with safety measures, and a sprinkler system. It has the capacity to work on 17-20 cars. The property is located at the corner of Boston Road & Mace Avenue, with a daily traffic count of approximately 14,000 cars. The location has a bike score of 64, a walk score of 84, and a transit score of 100.
Key Highlights
- Profitable Turnkey Auto Body Shop: Established business with a 41‑year history and an annual net income exceeding $1 million.
- Prime Real Estate: Strategically positioned corner building with high visibility on three main streets in the Bronx.
- Ideal Zoning & Size: C8‑1 zoning with 6,079 sqft building and 9,711 sqft lot, previously utilized as an auto body shop.
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
$387,909
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
8.62%
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%
$7,758,180
$7.8M
Cap Rate 7%
$5,541,557
$5.5M
Cap Rate 9%
$4,310,100
$4.3M
Market Conditions
NOI Build-Up for 9,711 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
$606.0K $62.40/SF
− Vacancy
−$51.8K −$5.34/SF
EGI
$554.2K $57.06/SF
− OpEx
−$166.2K −$17.12/SF
NOI
$387.9K $39.95/SF
Area
ZIP 10467
Vacancy
8.55%
Lease Rate
$62.40 /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%
$7,758,180
Cap Rate 7%
$5,541,557
Cap Rate 9%
$4,310,100
Alternative Uses
Best Use
Industrial
$5.54M
$4.85M – $6.47M
NOI $387,909 @ 7.0% cap · market cap 8.62%
Second Best
Retail
$3.00M
$2.62M – $3.49M
NOI $209,674 @ 7.0% cap · market cap 4.66%
Theoretical Best
Warehouse
$6.73M
$5.89M – $7.85M
NOI $471,033 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,674
Businesses Nearby
235k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 40%
Groceries 20%
Fine Fare
Groceries
24,406 visits/mo
0.2 miles
McDonald's
Dining
22,197 visits/mo
0.1 miles
Dunkin' Donuts
Dining
22,165 visits/mo
0.4 miles
Bank of America
Shops & Services
21,263 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
17,184 visits/mo
0.3 miles
Demographics for 10467, NY
103,660
Population
40,582
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
45,070
Density / Sq Mi
$47,806
Median Household Income
$36,949
Median Earnings
$1,505
Median Rent
$425,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Auto shop - Thriving auto body shop with prime real estate for sale.
Where is this auto shop located?
The property is located at 2500 Boston Rd The Bronx, NY.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Profitable Turnkey Auto Body Shop: Established business with a 41‑year history and an annual net income exceeding $1 million.; Prime Real Estate: Strategically positioned corner building with high visibility on three main streets in the Bronx.; Ideal Zoning & Size: C8‑1 zoning with 6,079 sqft building and 9,711 sqft lot, previously utilized as an auto body shop.
