Turnkey Automotive
For Sale
$699,000
41 MAIN ST, Randolph, NY 14772
Turnkey dealership with showroom, multi-bay service center, parts department, and paved vehicle display area.
Property Size8,394 SF
Price / SF$83.27
Days on Market242
Property Features for 41 MAIN ST
General Information
Standard status
Active
Size
8,394 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$7,715
Amenities
Gas, A/C - Zone
3
Metal
75 Parking Spaces.
Rectangular
82X285
Rectangular.
Building Details
Year Built
1960
Stories
1
Listing Agency:
Century 21 Turner Brokers
(716) 763-7506
Listed By:
Thomas Turner · License #10311200036
(716) 640-3912
Source:
Xome
Added: Jan 8
Changed: Sep 1
Last Checked: Sep 7 at 6:20AM
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 Century 21 Turner Brokers
Investment Insights
Based on property information with market context.
This turnkey automotive dealership property includes a bright showroom with multiple private sales offices and a waiting room. The service center features multiple bays with high-clearance overhead doors and commercial-grade lifts, along with a dedicated parts department. A back building has been used as a drive-in detail bay for prepping multiple vehicles at the same time. The sale also includes an array of automotive equipment and tools, including a New York State motor vehicle inspector certification transfer, GM Specialty tools, a front-end alignment machine, inspection machine, battery tester, wheel balancing machines, and tire machines. Additional improvements noted include a metal roof installed in 2010 and a new boiler system in 2024.
The property is located at 41 Main St in Randolph, NY, with significant road frontage and a large paved display area suitable for vehicle presentation.
With its combined retail showroom, service operations, and paved exterior display, the property is configured to support dealership sales and servicing in one location.
The property is located at 41 Main St in Randolph, NY, with significant road frontage and a large paved display area suitable for vehicle presentation.
With its combined retail showroom, service operations, and paved exterior display, the property is configured to support dealership sales and servicing in one location.
Key Highlights
- Well‑established turnkey automotive dealership with showroom, multi‑bay service center, parts department, and paved vehicle display area
- Large paved display area and significant road frontage
- Service center includes multiple bays with high‑clearance overhead doors and commercial‑grade lifts
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
$51,915
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
7.43%
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%
$1,038,300
$1.0M
Cap Rate 7%
$741,643
$741.6K
Cap Rate 9%
$576,833
$576.8K
Market Conditions
NOI Build-Up for 8,394 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
$79.6K $9.48/SF
− Vacancy
−$5.4K −$0.64/SF
EGI
$74.2K $8.84/SF
− OpEx
−$22.2K −$2.65/SF
NOI
$51.9K $6.18/SF
Area
Cattaraugus County, NY
Vacancy
6.80%
Lease Rate
$9.48 /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%
$1,038,300
Cap Rate 7%
$741,643
Cap Rate 9%
$576,833
Alternative Uses
Best Use
Retail
$1.09M
$951.9K – $1.27M
NOI $76,150 @ 7.0% cap · market cap 10.89%
Second Best
Industrial
$741.6K
$648.9K – $865.3K
NOI $51,915 @ 7.0% cap · market cap 7.43%
Theoretical Best
Healthcare Medical
$1.66M
$1.45M – $1.94M
NOI $116,129 @ 7.0% cap · market cap 16.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
25k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Groceries 37%
Tops Friendly Markets
Groceries
9,337 visits/mo
0.1 miles
Crosby's
Shops & Services
8,814 visits/mo
0.3 miles
Dollar General
Shops & Services
7,287 visits/mo
0.2 miles
Demographics for 14772, NY
4,141
Population
1,936
Households
2.1
Avg Household Size
41
Median Age
24%
College-Educated
87%
High-School Grad
76.6 sq mi
ZIP Area
54
Density / Sq Mi
$78,393
Median Household Income
$43,156
Median Earnings
$682
Median Rent
$112,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Landmark Chevrolet Service — 41 Main St, Randolph, NY 14772
Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey dealership with showroom, multi-bay service center, parts department, and paved vehicle display area.
Where is this auto shop located?
The property is located at 41 MAIN ST Randolph, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Well‑established turnkey automotive dealership with showroom, multi‑bay service center, parts department, and paved vehicle display area; Large paved display area and significant road frontage; Service center includes multiple bays with high‑clearance overhead doors and commercial‑grade lifts
