Auto Shop with Service
3233 Lake Shore Rd Buffalo, NY 14219
3233 Lake Shore Rd, Buffalo, NY, 14219
Contact for pricing
For Sale
Contact for pricing
Auto shop with service bays, office, and waiting area.
Property Size1,890 SF
Price / SF$238.10
Days on Market1284
Property Features for 3233 Lake Shore Rd
General Information
- Standard status
- Active
- Size
- 1,890 SF
- Property subtype
- Retail
Listing Agency
Saperston Real Estate Corporation
(716) 847-1100
Listed by
Will Saperston · License #NYS 10311207117
Source
Crexi
Added: Jan 12, 2023 Checked: Jul 16 at 11:34 am
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 Saperston Real Estate Corporation
Investment Insights
Based on property information with market context.
This property features all-block construction and includes three service bays, a waiting area, an office, and a bathroom. The interior requires renovation. According to the zoning map, the property is zoned M2 Light Industrial. The property is environmentally clean. It benefits from a high Annual Average Daily Traffic (AADT) count of over 53,000. The property could be paired with vacant lots across the street. The building has a size of 1890 square feet.
Key Highlights
- High Annual Average Daily Traffic (AADT) of 53,000 +
- Zoning: M2 Light Industrial
- 3 Service Bays with waiting area, office, and bathroom
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.5k | $15.60 |
| − Vacancy | −$3.2k | −$1.68 |
| EGI | $26.3k | $13.92 |
| − OpEx | −$7.9k | −$4.17 |
| NOI | $18.4k | $9.74 |
1,890 SF · lease $15.60/SF/yr · vacancy 10.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$263.0K
$230.1K – $306.8K
NOI $18,410 @ 7.0% cap · market cap 4.09%
Second Best
Industrial
$189.1K
$165.5K – $220.6K
NOI $13,238 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$454.5K
$397.7K – $530.3K
NOI $31,816 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
First Place Auto
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Paul's Frame Shop — 144 Lake Ave, Blasdell, NY 14219
- First Place Auto — 3233 Lake Shore Rd, Buffalo, NY 14219
- Southside Trailer Service, Inc. — 310 Lake Ave, Blasdell, NY 14219
- Lake Shore Truck — 310 Lake Ave, Buffalo, NY 14219
FAQs
What type of property is this?
Auto shop - Auto shop with service bays, office, and waiting area.
Where is this auto shop located?
The property is located at 3233 Lake Shore Rd Buffalo, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: High Annual Average Daily Traffic (AADT) of 53,000 +; Zoning: M2 Light Industrial; 3 Service Bays with waiting area, office, and bathroom
