Automotive Shop with Service
For Sale
$699,000
41 Main Street, Randolph, NY 14772
Showroom, sales offices, parts storage, and vehicle-detailing facilities support dealership operations.
Property Size8,394 SF
Price / SF$83.27
Days on Market38
Property Features for 41 Main Street
General Information
Standard status
Active
Size
8,394 SF
Property subtype
CommercialSale
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Business Included
Yes
Car Wash Bays
1
Amenities
showroom
private sales offices
waiting room
service center
parts department
drive-in detail bay
high clearance overhead doors
commercial grade lifts
paved display area
Building Details
Abandoned
No
Listing Agency:
Century 21 Turner Brokers
(716) 640-3912
Listed By:
Thomas Turner · License #10311200036
(716) 640-3912
Source:
Nicholcityrealty
Added: Jul 24
Changed: Aug 29
Last Checked: Aug 29 at 4:11PM
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 8394 SF automotive property combines customer-facing dealership space with service and support areas. The front portion includes a showroom, several private offices, and a waiting area. A separate service center provides multiple work bays with high-clearance overhead doors, commercial-grade lifts, and vehicle inspection and repair equipment. Additional improvements include a secured parts area and a drive-in detailing bay for vehicle preparation.
Located at 41 Main Street in Randolph, NY, the property is positioned minutes from I-86 and serves the Cattaraugus and Chautauqua County market. The site includes substantial road frontage and a paved vehicle display area. The sale also includes New York State motor vehicle inspector certification, GM Specialty tools, a front-end alignment machine, inspection machine, battery tester, wheel-balancing machines, and tire machines. The metal roof dates to 2010, and the boiler system was replaced in 2024.
Located at 41 Main Street in Randolph, NY, the property is positioned minutes from I-86 and serves the Cattaraugus and Chautauqua County market. The site includes substantial road frontage and a paved vehicle display area. The sale also includes New York State motor vehicle inspector certification, GM Specialty tools, a front-end alignment machine, inspection machine, battery tester, wheel-balancing machines, and tire machines. The metal roof dates to 2010, and the boiler system was replaced in 2024.
Key Highlights
- 8394 SF automotive dealership property with showroom, service center, parts area, and detailing bay
- Multiple service bays with high‑clearance overhead doors and commercial‑grade lifts
- Showroom includes private sales offices and a customer waiting area
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
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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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Frequently Asked Questions
What type of property is this?
Auto shop - Showroom, sales offices, parts storage, and vehicle-detailing facilities support dealership operations.
Where is this auto shop located?
The property is located at 41 Main Street 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: 8394 SF automotive dealership property with showroom, service center, parts area, and detailing bay; Multiple service bays with high‑clearance overhead doors and commercial‑grade lifts; Showroom includes private sales offices and a customer waiting area
