Auto Repair Business and Real
For Sale
Contact for pricing
2673 Seneca St, Buffalo, NY 14224
Operating auto repair business with real estate for sale.
Property Size4,800 SF
Price / SF$229.17
Days on Market196
Property Features for 2673 Seneca St
General Information
Standard status
Active
Size
4,800 SF
Class
C
Total Parking Spaces
40
Property subtype
Retail
Zoning
C2
Lease Type
Modified Gross
Investment Type
Owner/User
Building Details
Year Built
1935
Year Renovated
1975
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
WNY Metro Roberts Realty
(716) 239-9001
Listed By:
Alicia Wittman · License #NY 10301219240
Source:
Crexi
Added: Feb 1
Changed: Aug 8
Last Checked: Aug 14 at 5:08AM
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 WNY Metro Roberts Realty
Investment Insights
Based on property information with market context.
The offering includes an auto repair business and real estate located at 2671, 2673 and VL Seneca St in West Seneca (Buffalo MSA). The sale is structured as a combined offering of the operating auto service business and the underlying fee-simple property. The business operates as a full-service automotive repair and preventative maintenance facility with broad mechanical capability across major vehicle systems. Service categories marketed publicly include preventative maintenance, fluid services, brake systems, cooling and heating, A/C, exhaust systems, electrical diagnostics, fuel systems, suspension, steering, alignment, and tires. The property features 5 bays and 5 lifts within approximately 4800 square feet. Included in the sale are the real estate, improvements, operating business, equipment, FF&E, and transferable brand assets and goodwill. The property is designed for owner-users who want to buy the shop and own the building with Real Estate. Financials are available to qualified buyers with a non-disclosure agreement. The seller will provide training and transition support upon request for 30-60 days with limited hours.
Key Highlights
- Combined offering: Operating auto repair business and real estate for sale in one closing.
- Turnkey operation: Includes business goodwill, equipment/FF&E, and real estate/improvements.**
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
$46,755
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
4.25%
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%
$935,100
$935.1K
Cap Rate 7%
$667,929
$667.9K
Cap Rate 9%
$519,500
$519.5K
Market Conditions
NOI Build-Up for 4,800 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
$74.9K $15.60/SF
− Vacancy
−$8.1K −$1.68/SF
EGI
$66.8K $13.92/SF
− OpEx
−$20.0K −$4.17/SF
NOI
$46.8K $9.74/SF
Area
Buffalo, NY
Vacancy
10.80%
Lease Rate
$15.60 /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%
$935,100
Cap Rate 7%
$667,929
Cap Rate 9%
$519,500
Alternative Uses
Best Use
Retail
$667.9K
$584.4K – $779.3K
NOI $46,755 @ 7.0% cap · market cap 4.25%
Second Best
Industrial
$480.3K
$420.3K – $560.4K
NOI $33,621 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M
NOI $80,801 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14224, NY
40,736
Population
19,286
Households
2.1
Avg Household Size
46
Median Age
33%
College-Educated
95%
High-School Grad
20.2 sq mi
ZIP Area
2,017
Density / Sq Mi
$76,250
Median Household Income
$49,824
Median Earnings
$1,077
Median Rent
$219,800
Median Home Value
Market
Vacancy Rate% for Retail in Buffalo, NY
Questions? Ask Rey
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Similar Off Market Nearby
- Walter Karyczak & Sons — 995 Abbott Rd, Buffalo, NY 14220
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- Jays Service Center — 559 Potters Rd, Buffalo, NY 14220
- Manka Simon F — 486 Potters Rd, Buffalo, NY 14220
- Scruggs Automotive - Buffalo — 1180 Abbott Rd, Buffalo, NY 14220
Frequently Asked Questions
What type of property is this?
Auto shop - Operating auto repair business with real estate for sale.
Where is this auto shop located?
The property is located at 2673 Seneca St Buffalo, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Combined offering: Operating auto repair business and real estate for sale in one closing.; Turnkey operation: Includes business goodwill, equipment/FF&E, and real estate/improvements.**
