Three-Bay Auto Body
For Sale
$199,900
Pending
265 S Main Street #rear, Gloversville, NY 12078
An insulated service building includes vehicle lifts, a compressor, and a separate garage.
Property Size1,200 SF
Days on Market191
Property Features for 265 S Main Street #rear
General Information
Standard status
Pending
Size
1,200 SF
Property subtype
Industrial
Automotive
Service Bays
3
Automotive Uses
collision/body shop
Building Details
Buildings
2
Listing Agency:
Helou International Realty Corp
Listed By:
Burhan Helou · License #10311202641
(518) 844-2447
Source:
Simplywoodardrealestate
Added: Apr 29
Changed: Nov 4
Last Checked: Nov 4 at 8:57AM
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 Helou International Realty Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The auto body shop at 265 S Main Street #rear in Gloversville, New York, has three service bays and an insulated building. Equipment includes vehicle lifts and a compressor, with new HVAC serving the shop. A separate 24x24 garage is also part of the property.
An adjacent 110x348 lot provides additional parking area.
An adjacent 110x348 lot provides additional parking area.
Key Highlights
- Three‑bay auto body shop with insulation
- New HVAC, vehicle lifts, and compressor
- Separate 24x24 garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,298
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,960
$226.0K
Cap Rate 7%
$161,400
$161.4K
Cap Rate 9%
$125,533
$125.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$16.8K $14.04/SF
− Vacancy
−$708 −$0.59/SF
EGI
$16.1K $13.45/SF
− OpEx
−$4.8K −$4.04/SF
NOI
$11.3K $9.42/SF
Area
Fulton County, NY
Vacancy
4.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,960
Cap Rate 7%
$161,400
Cap Rate 9%
$125,533
Alternative Uses
Best Use
Retail
$161.4K
$141.2K – $188.3K
NOI $11,298 @ 7.0% cap · market cap 5.65%
Second Best
Industrial
$106.0K
$92.8K – $123.7K
NOI $7,422 @ 7.0% cap · market cap 3.71%
Theoretical Best
Multifamily LT 5
$829.6K
$725.9K – $967.9K
NOI $58,071 @ 7.0% cap · market cap 29.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Service bays
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 12078, NY
23,009
Population
11,668
Households
2
Avg Household Size
44
Median Age
18%
College-Educated
87%
High-School Grad
110.8 sq mi
ZIP Area
208
Density / Sq Mi
$54,565
Median Household Income
$36,769
Median Earnings
$908
Median Rent
$122,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Schlegel's Auto Services Center Inc — 109 S Main St, Gloversville, NY 12078
- Crocetta's Service — 156 E Fulton St, Gloversville, NY 12078
- Williams auto — 500 County Highway 112, Gloversville, NY 12078
- Jay's Good Old Days — 96 Spring St, Gloversville, NY 12078
- Lamies Auto Body Supply — 235 n main st, gloversville, ny 12078
Frequently Asked Questions
What type of property is this?
Auto shop - An insulated service building includes vehicle lifts, a compressor, and a separate garage.
Where is this auto shop located?
The property is located at 265 S Main Street #rear Gloversville, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Three‑bay auto body shop with insulation; New HVAC, vehicle lifts, and compressor; Separate 24x24 garage
