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    Turn-Key Gas Station and Shop Title is generated by Realmo AI

    295 Hillside Avenue, Williston Park, NY 11596

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    For Lease
    $16,000 /Mo

    Turn-key gas station with four pumps and a 3-bay mechanic shop, ready for a new long-term operator.

    Type:Commercial
    Lot size:
    0.22 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    70
    Last Refresh:
    Jun 4 at 1:50 am

    Property Features for 295 Hillside Avenue

    General Information

    Standard status
    Active
    Lot size
    0.22 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1946

    We can help!

    Listing Contact
    JOHN J. RICCO
    JOHN J. RICCO

    Listing agent JOHN J. RICCO

    Listing office KELLER WILLIAMS REALTY

    Listing date Mar 27, 2026

    Source Corcoran

    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 KELLER WILLIAMS REALTY

    HighLights

    • 100% turn‑key gas station/business opportunity with 4 pumps and a 3‑bay mechanic shop (no real estate included; business assets and leasehold interest only).
    • 100' x 95' corner property at 295 Hillside Ave, built in 1946.
    • Tank capacity: 18,000 gallons total—10,000 Regular and 8,000 Split Super/Diesel.
    • 2014 upgrades included full environmental reclamation and installation of fiberglass double‑walled tanks.
    • 10‑year lease term with a 10‑year option (business assets and leasehold interest only).
    • All pumps and mechanic equipment are owned free and clear and included in the sale (except NYS Inspection machine).

    Overview

    This offering is a 100% turn-key gas station with an attached 3-bay drive-through mechanic shop. The facility includes four fuel pumps with an 18,000-gallon total capacity, split between 10,000 gallons of Regular and 8,000 gallons of Split Super/Diesel. A major upgrade in 2014 included full environmental reclamation and the installation of fiberglass double-walled tanks. Pumps and mechanic equipment are owned free and clear and are included in the sale, except for the NYS inspection machine.

    The property is a corner site measuring 100’ x 95’ at 295 Hillside Ave in Williston Park, NY, and it has been family-owned and operated for more than 30 years. The business is positioned for visibility with a reported traffic count of 15,000 to 25,000 cars daily.

    The space is designed for automotive-focused operations today, with an integrated drive-through workflow for the mechanic bays. For a qualified operator, the lease contemplates a 10-year initial term with a 10-year option, and the listing notes business assets and leasehold interest only, with no real estate included. The mechanic shop configuration is also positioned for consideration of a convenience retail conversion, subject to operator plans and approvals.
    Location Intelligence

    Current Use by Public Records

    GULF Gas Station Sarno's Auto Tech Auto Repair Shop

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Williston Park
    County
    Nassau
    State
    New York
    Longitude
    -73.651615
    Latitude
    40.754037

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    FAQs

    What type of property is this?
    Gas station - Turn-key gas station with four pumps and a 3-bay mechanic shop, ready for a new long-term operator.
    Where is this gas station located?
    The property is located at 295 Hillside Avenue Williston Park, NY.
    What is the lease rate?
    The lease rate is $16,000 /Mo.
    What are key features of this property?
    This property features: 100% turn‑key gas station/business opportunity with 4 pumps and a 3‑bay mechanic shop (no real estate included; business assets and leasehold interest only).; 100' x 95' corner property at 295 Hillside Ave, built in 1946.; Tank capacity: 18,000 gallons total—10,000 Regular and 8,000 Split Super/Diesel.
    (845) 928-8000
    We can help!
    Listing Contact
    JOHN J. RICCO
    JOHN J. RICCO
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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