Listing Agency: Century 21 Turner Brokers Show Phone

Listed By: Thomas Turner · License #10311200036 Show Phone

Source: Nicholcityrealty

Added: Oct 12 Changed: Oct 13 Last Checked: Oct 13 at 2:18AM

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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 automotive property includes a customer showroom, private sales offices, and a waiting area. The service center has multiple bays with high-clearance overhead doors and commercial lifts, while a parts department provides dedicated inventory storage. A separate rear building has been used for vehicle detailing, and the paved display area offers space for vehicle presentation. Included equipment includes GM specialty tools, an alignment machine, inspection equipment, battery and wheel-balancing machines, and tire machines. A New York State motor vehicle inspector certification is also included in the sale.

The property is at 41 Main Street in Randolph, with substantial road frontage and access minutes from I-86. The metal roof was installed in 2010, and the boiler system was replaced in 2024.

Key Highlights

• 8,394‑square‑foot automotive property
• Showroom with private sales offices and a waiting area
• Multiple service bays with high‑clearance overhead doors and commercial lifts

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,915

Cap Rate

8.67%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $76,150 @ 7.0% cap · market cap 12.71%

Second Best

Industrial

$741.6K

$648.9K – $865.3K (±1% cap)

NOI $51,915 @ 7.0% cap · market cap 8.67%

Theoretical Best

Healthcare Medical

$1.66M

$1.45M – $1.94M (±1% cap)

NOI $116,129 @ 7.0% cap · market cap 19.39%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Furniture & Home Goods Storage Facility (Bike/Boat/Book/etc) Store Hair Salon Cafe & Coffee Shop Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this automotive properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Automotive property - Showroom, sales offices, vehicle service bays, and a separate detail building support dealership operations.

Where is this automotive property located?

The property is located at 41 Main Street Randolph, NY.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: 8,394‑square‑foot automotive property; Showroom with private sales offices and a waiting area; Multiple service bays with high‑clearance overhead doors and commercial lifts