Automotive Repair Shop with
For Sale
$795,000
303 Hopkins Road, Buffalo, NY 14221
Automotive facility with drive-in access, exterior parking, and space for vehicles, trailers, equipment, and materials.
Property Size5,442 SF
Price / SF$146.09
Days on Market41
Property Features for 303 Hopkins Road
General Information
Standard status
Active
Size
5,442 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Building Details
Building Size
5,442 SF
Buildings
1
Listing Agency:
Buffalo Office
(716) 852-7500
Listed By:
Robert H. Cowing III
(716) 852-7500
Source:
Pyramidbrokerage
Added: Jul 22
Changed: Aug 30
Last Checked: Aug 30 at 7:14PM
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 Buffalo Office
Investment Insights
Based on property information with market context.
This 5,442-square-foot automotive facility is configured for repair and body shop operations, with drive-in access and dedicated areas for vehicle storage, contractor equipment, trailer parking, material staging, and fleet space. Exterior parking supports the property’s operational layout.
The property is located at 303 Hopkins Road in Buffalo, NY, within an industrial zoning area and an established South Buffalo industrial corridor. Automotive and service-related businesses surround the site, with access to major Buffalo highways and regional transportation routes.
The facility can accommodate automotive repair, collision repair, performance shop, tire, and brake center uses, as described for the property.
The property is located at 303 Hopkins Road in Buffalo, NY, within an industrial zoning area and an established South Buffalo industrial corridor. Automotive and service-related businesses surround the site, with access to major Buffalo highways and regional transportation routes.
The facility can accommodate automotive repair, collision repair, performance shop, tire, and brake center uses, as described for the property.
Key Highlights
- 5,442‑square‑foot automotive repair and body shop facility
- Drive‑in access supports vehicle movement into the building
- Dedicated areas for vehicle storage, fleet space, and material staging
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
$53,009
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
6.67%
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%
$1,060,180
$1.1M
Cap Rate 7%
$757,271
$757.3K
Cap Rate 9%
$588,989
$589.0K
Market Conditions
NOI Build-Up for 5,442 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
$84.9K $15.60/SF
− Vacancy
−$9.2K −$1.68/SF
EGI
$75.7K $13.92/SF
− OpEx
−$22.7K −$4.17/SF
NOI
$53.0K $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%
$1,060,180
Cap Rate 7%
$757,271
Cap Rate 9%
$588,989
Alternative Uses
Best Use
Retail
$757.3K
$662.6K – $883.5K
NOI $53,009 @ 7.0% cap · market cap 6.67%
Second Best
Industrial
$544.5K
$476.5K – $635.3K
NOI $38,118 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,608 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14221, NY
55,275
Population
25,281
Households
2.2
Avg Household Size
48
Median Age
57%
College-Educated
96%
High-School Grad
23.4 sq mi
ZIP Area
2,362
Density / Sq Mi
$101,275
Median Household Income
$58,665
Median Earnings
$1,560
Median Rent
$298,500
Median Home Value
Market
Vacancy Rate% for Retail in Buffalo, NY
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive facility with drive-in access, exterior parking, and space for vehicles, trailers, equipment, and materials.
Where is this auto shop located?
The property is located at 303 Hopkins Road Buffalo, NY.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 5,442‑square‑foot automotive repair and body shop facility; Drive‑in access supports vehicle movement into the building; Dedicated areas for vehicle storage, fleet space, and material staging
