Two-Bay Auto
New
For Sale
$430,000
3945 Us Highway 9W, Highland, NY 12528
Includes dedicated office space, on-site parking, and zoning designations supporting several commercial use possibilities.
Property Size1,111 SF
Lot Size1.50 Acres
Days on Market1
Property Features for 3945 Us Highway 9W
General Information
Standard status
Active
Size
1,111 SF
Lot size
1.50 Acres
Property subtype
Commercial
Zoning
HBD and R-1
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Service Bays
2
Taxes and HOA fees
Annual Taxes
$6,238
Building Details
Building Size
1,111 SF
Year Built
1980
Buildings
1
Listing Agency:
Keller Williams Realty Hudson Valley North
Listed By:
Karen Chung
(845) 705-6744
Source:
Elliman
Added: Sep 8
Last Checked: Sep 8 at 2:47PM
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 Hudson Valley North
Investment Insights
Based on property information with market context.
Built in 1980, this automotive property includes a two-bay garage, dedicated office space, and additional parking. The offering includes both the building and approximately 1.5 acres of land, providing an established site for an automotive business or other uses identified in the property information.
The property is located at 3945 US Highway 9W in Highland, along the Route 9W corridor. Zoning is designated HBD and R-1. An approval is in place for a proposed three-bedroom double-wide, adding another documented component to the site’s existing configuration.
The property is located at 3945 US Highway 9W in Highland, along the Route 9W corridor. Zoning is designated HBD and R-1. An approval is in place for a proposed three-bedroom double-wide, adding another documented component to the site’s existing configuration.
Key Highlights
- Two‑bay automotive garage with dedicated office space
- Approximately 1.5 acres included with the building and land
- Zoned HBD and R‑1
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
$13,229
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
3.08%
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%
$264,580
$264.6K
Cap Rate 7%
$188,986
$189.0K
Cap Rate 9%
$146,989
$147.0K
Market Conditions
NOI Build-Up for 1,111 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
$20.0K $18.00/SF
− Vacancy
−$1.1K −$0.99/SF
EGI
$18.9K $17.01/SF
− OpEx
−$5.7K −$5.10/SF
NOI
$13.2K $11.91/SF
Area
Ulster County, NY
Vacancy
5.50%
Lease Rate
$18.00 /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%
$264,580
Cap Rate 7%
$188,986
Cap Rate 9%
$146,989
Alternative Uses
Best Use
Retail
$189.0K
$165.4K – $220.5K
NOI $13,229 @ 7.0% cap · market cap 3.08%
Second Best
Industrial
$93.2K
$81.5K – $108.7K
NOI $6,523 @ 7.0% cap · market cap 1.52%
Theoretical Best
Multifamily LT 5
$10.39M
$9.09M – $12.12M
NOI $727,287 @ 7.0% cap · market cap 169.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12528, NY
14,089
Population
6,332
Households
2.2
Avg Household Size
44
Median Age
42%
College-Educated
94%
High-School Grad
44.9 sq mi
ZIP Area
314
Density / Sq Mi
$89,096
Median Household Income
$57,626
Median Earnings
$1,642
Median Rent
$337,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Town Line Auto Center — 3851 Us Highway 9W, Highland, NY 12528
- Grand Slam Auto & Richard's — Us Highway 9w, Highland, NY 12528
- A&B Car Care — 3819 Rte 9W, Highland, NY 12528
Frequently Asked Questions
What type of property is this?
Auto shop - Includes dedicated office space, on-site parking, and zoning designations supporting several commercial use possibilities.
Where is this auto shop located?
The property is located at 3945 Us Highway 9W Highland, NY.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two‑bay automotive garage with dedicated office space; Approximately 1.5 acres included with the building and land; Zoned HBD and R‑1
