Auto Shop with Paint
32 Skillen Street, Buffalo, NY 14207
For Sale
$799,000
An automotive service building includes shop, service, and storage areas, with equipment included in the sale.
Property Size5,196 SF
Price / SF$153.77
Days on Market53
Property Features for 32 Skillen Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
paint booth/sprayer
overhead bay doors
new flat roof
new heating system
Building Details
Building Size
Buildings
Listing Agency:
HUNT Real Estate ERA
Listed By:
Michael Cipolla · License NY #10401327929
(716) 628-5803
Source:
Highfallssir
Added: Sep 22
Changed: Oct 31
Last Checked: Nov 12 at 2:17PM
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 HUNT Real Estate ERA
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,196-square-foot auto shop has dedicated shop, service, and storage space, plus automotive equipment included with the sale. Recent building improvements include a professional paint booth and sprayer, a flat roof, garage doors, and a heating system. Four overhead bay doors provide vehicle access: two are approximately 11 feet high, and two are approximately 10.5 feet high.
The property is at 32 Skillen Street in Buffalo, with access to Buffalo, Tonawanda, and surrounding roadways.
The property is at 32 Skillen Street in Buffalo, with access to Buffalo, Tonawanda, and surrounding roadways.
Key Highlights
- 5,196‑square‑foot automotive facility
- Four overhead doors: two approximately 11' high and two approximately 10.5' high
- Professional paint booth and sprayer included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,612
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,240
$1.0M
Cap Rate 7%
$723,029
$723.0K
Cap Rate 9%
$562,356
$562.4K
Market Conditions
NOI Build-Up for 5,196 SF
Gross rent
$81.1K $15.60/SF
− Vacancy
−$8.8K −$1.68/SF
EGI
$72.3K $13.92/SF
− OpEx
−$21.7K −$4.17/SF
NOI
$50.6K $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 Rate 5%
$1,012,240
Cap Rate 7%
$723,029
Cap Rate 9%
$562,356
Alternative Uses
Best Use
Retail
$723.0K
$632.7K – $843.5K
NOI $50,612 @ 7.0% cap · market cap 6.33%
Second Best
Industrial
$519.9K
$454.9K – $606.6K
NOI $36,395 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,467 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
47k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 37%
Tim Hortons
Dining
17,002 visits/mo
0.3 miles
7-Eleven
Shops & Services
10,554 visits/mo
0.3 miles
Family Dollar
Shops & Services
10,196 visits/mo
0.3 miles
Sunoco
Shops & Services
6,592 visits/mo
0.4 miles
U-Haul
Shops & Services
2,178 visits/mo
0.3 miles
Demographics for 14207, NY
26,006
Population
11,317
Households
2.3
Avg Household Size
32
Median Age
19%
College-Educated
79%
High-School Grad
3.9 sq mi
ZIP Area
6,668
Density / Sq Mi
$38,951
Median Household Income
$33,851
Median Earnings
$943
Median Rent
$111,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Auto shops in Buffalo, NY
Properties on Market for Auto shops in Buffalo
Vacancy Rate% for Retail in Buffalo, NY
Similar Off Market Nearby
- Giovanni Pelligra Mechanic Shop — 15 Foundry St, Buffalo, NY 14207
- Kody Towing and Roadside Ltd — 41 Pavonia St, Buffalo, NY 14207
- Used Engines & Transmissions Buffalo — 669 hertel ave, buffalo, ny 14207
- PPG Collision Repair Center — 742 Hertel Ave, Buffalo, NY 14207
- Zshannon Towing Services — 40 Race St, Buffalo, NY 14207
Frequently Asked Questions
What type of property is this?
Auto shop - An automotive service building includes shop, service, and storage areas, with equipment included in the sale.
Where is this auto shop located?
The property is located at 32 Skillen Street Buffalo, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5,196‑square‑foot automotive facility; Four overhead doors: two approximately 11' high and two approximately 10.5' high; Professional paint booth and sprayer included
