5-Bay Auto Repair
New
For Sale
$750,000
370 Mount Read Boulevard, Rochester, NY 14611
The facility has dedicated office and customer waiting areas, plus installed automotive lifts and a spray booth.
Property Size2,241 SF
Price / SF$334.67
Days on Market6
Property Features for 370 Mount Read Boulevard
General Information
Standard status
Active
Size
2,241 SF
Property subtype
Business
Additional Details
Asking Price
$750,000
Service Bays
5
Taxes and HOA fees
Annual Taxes
$4,131
Amenities
bright workspace
dedicated office space
customer waiting area
Building Details
Building Size
2,241 SF
Year Built
1960
Buildings
1
Listing Agency:
Empire Realty Group
Listed By:
Daniela Polidor · License #10401247065
(585) 474-5677
Source:
Griffith-realty
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 26 at 11:39AM
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 Empire Realty Group
Investment Insights
Based on property information with market context.
This 2,241-square-foot automotive facility in Rochester was built in 1960 and configured with five service bays. Its interior includes office space and a customer waiting area, with automotive lifts and a professional spray booth already installed. The property is approved for auto sales and repair uses.
At 370 Mount Read Boulevard, the site occupies a corner in a commercial corridor. The existing automotive business is offered in a separate transaction and is not part of the real estate sale.
At 370 Mount Read Boulevard, the site occupies a corner in a commercial corridor. The existing automotive business is offered in a separate transaction and is not part of the real estate sale.
Key Highlights
- Five‑bay automotive repair facility
- 2,241 square feet; built in 1960
- Approved for auto sales and repair
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
$30,394
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
4.05%
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%
$607,880
$607.9K
Cap Rate 7%
$434,200
$434.2K
Cap Rate 9%
$337,711
$337.7K
Market Conditions
NOI Build-Up for 2,241 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
$48.4K $21.60/SF
− Vacancy
−$5.0K −$2.22/SF
EGI
$43.4K $19.38/SF
− OpEx
−$13.0K −$5.81/SF
NOI
$30.4K $13.56/SF
Area
Rochester, NY
Vacancy
10.30%
Lease Rate
$21.60 /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%
$607,880
Cap Rate 7%
$434,200
Cap Rate 9%
$337,711
Alternative Uses
Best Use
Retail
$434.2K
$379.9K – $506.6K
NOI $30,394 @ 7.0% cap · market cap 4.05%
Second Best
Industrial
$326.5K
$285.7K – $381.0K
NOI $22,857 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$613.9K
$537.2K – $716.2K
NOI $42,973 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Service bays
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
47k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Apparel 7%
Dining 5%
Family Dollar
Shops & Services
9,308 visits/mo
0.5 miles
Sunoco
Shops & Services
8,953 visits/mo
0.5 miles
Valero Energy
Shops & Services
6,286 visits/mo
0.5 miles
Exxon
Shops & Services
5,742 visits/mo
0.4 miles
Valero Energy
Shops & Services
4,769 visits/mo
0.1 miles
Demographics for 14611, NY
18,586
Population
8,292
Households
2.2
Avg Household Size
32
Median Age
12%
College-Educated
80%
High-School Grad
2.9 sq mi
ZIP Area
6,409
Density / Sq Mi
$29,870
Median Household Income
$27,109
Median Earnings
$1,024
Median Rent
$77,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Rochester, NY
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Similar Off Market Nearby
- Motor Metrics — 747 Buffalo Rd, Rochester, NY 14611
- Glen and Sons Towing — 801 West Ave, Rochester, NY 14611
- Autocare Center — Rochester, NY 14611
- Cervini Auto Repair — 625 West Ave, Rochester, NY 14611
- Fico's Automotive Repair — 511 west ave, rochester, ny 14611
Frequently Asked Questions
What type of property is this?
Auto shop - The facility has dedicated office and customer waiting areas, plus installed automotive lifts and a spray booth.
Where is this auto shop located?
The property is located at 370 Mount Read Boulevard Rochester, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Five‑bay automotive repair facility; 2,241 square feet; built in 1960; Approved for auto sales and repair
