Automotive Service
For Sale
$699,000
41 Main Street, Randolph, NY 14772
COMMERCIAL - Randolph, NY
Property Size8,394 SF
Lot Size1.90 Acres
Price / SF$83.27
Days on Market198
Property Features for 41 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-431
Zoning description
Commercial
Parking
75
Lot features
Rectangular, Rectangular Lot
Elementary school district
Randolph
Middle school district
Randolph
High school district
Randolph
Subdivision
Randolph-047600
Standard status
Active
APN
047600-070-072-0002-032-000-0000
Size
8,394 SF
Lot size
1.90 Acres
Taxes and HOA fees
Tax Annual Amount
7715
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Zoned, Hot Water(Heating), Radiant, Natural Gas
Cooling system
Zoned, Central Air
Water source
Public
Amenities
showroom
private sales offices
waiting room
parts department
drive-in detail bay
high clearance overhead doors
commercial grade lifts
paved display area
Building Details
Year built
1960
Floors in Building
1
Roof type
Metal
Listing Agency:
Century 21 Turner Brokers · Century 21 Real Estate
(716) 763-7506
Listed By:
Thomas Turner · License #10311200036
(716) 640-3912
Added: Feb 6
Changed: Aug 19
Last Checked: Aug 23 at 7:06PM
MLS# R1660140
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This automotive service property includes a showroom, several private sales offices, a customer waiting area, and a parts department. The service operation features multiple bays with high-clearance overhead doors and commercial lifts, while a separate rear building provides an enclosed drive-in detailing area. Included equipment consists of GM specialty tools, a front-end alignment machine, inspection equipment, battery tester, wheel balancers, and tire machines.
Built in 1960, the property occupies 1.9 acres and contains 8,394 square feet. A metal roof was installed in 2010, and the boiler system was replaced in 2024. Heating includes forced air, hot water, radiant, zoned, and natural gas systems, with central air and zoned cooling. The site has public water and public sewer, C-431 zoning, and access within minutes of I-86.
Built in 1960, the property occupies 1.9 acres and contains 8,394 square feet. A metal roof was installed in 2010, and the boiler system was replaced in 2024. Heating includes forced air, hot water, radiant, zoned, and natural gas systems, with central air and zoned cooling. The site has public water and public sewer, C-431 zoning, and access within minutes of I-86.
Key Highlights
- 1.9‑acre automotive property with 8,394 square feet of improvements
- C‑431 zoning with significant road frontage and a large paved vehicle display area
- Multiple service 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
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
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 - Showroom, sales offices, customer waiting area, service bays, parts storage, and a dedicated vehicle detailing area.
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: 1.9‑acre automotive property with 8,394 square feet of improvements; C‑431 zoning with significant road frontage and a large paved vehicle display area; Multiple service bays with high‑clearance overhead doors and commercial‑grade lifts
