Auto Repair
For Sale
$179,900
43 Cartwright Street, Sidney, NY 13838
COMMERCIAL - Sidney, NY
Property Size1,600 SF
Lot Size0.79 Acres
Price / SF$112.44
Days on Market1321
Property Features for 43 Cartwright Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Parking
30
Subdivision
Sidney
Lot features
Rectangular, Rectangular Lot
Elementary school
Sidney Elementary
Middle school
Sidney Middle
High school
Sidney High
Elementary school district
Sidney
Middle school district
Sidney
High school district
Sidney
Directions
State Rt 7 to Main St Sidney, to Cartwright, turn onto cartwright property about midway on left.
Standard status
Active
APN
115.12-7-25
Size
1,600 SF
Lot size
0.79 Acres
Taxes and HOA fees
Tax Annual Amount
4391
Utilities
Heating system
Oil, Forced Air
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Block, Frame, Concrete
Roof type
Flat
Listing Agency:
Country Squire Realty
(607) 369-4663
Listed By:
Richard H. Rudolph · License #37RU1131328
(607) 369-4663
Added: Jan 3, 2023
Changed: Aug 4
Last Checked: Aug 16 at 2:06PM
MLS# OD137521
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 for-sale auto repair shop offers a practical setup for ongoing automotive service operations, with 1,600 square feet of building space on a 0.79-acre lot at 43 Cartwright Street in Sidney, New York. Public remarks indicate the business has demonstrated strong performance and a customer base.
The listing also notes that owned equipment is not included in the sale. Space to expand is referenced in the remarks, and the seller indicates financing may be possible with reasonable offers.
For buyers and investors evaluating an automotive service site, the key property figures provided here are the 1,600 SF building and 0.79-acre lot, along with the existing operating business context described in the public remarks.
The listing also notes that owned equipment is not included in the sale. Space to expand is referenced in the remarks, and the seller indicates financing may be possible with reasonable offers.
For buyers and investors evaluating an automotive service site, the key property figures provided here are the 1,600 SF building and 0.79-acre lot, along with the existing operating business context described in the public remarks.
Key Highlights
- Auto repair business located in the village of Sidney, NY
- Building construction materials include block, frame, and concrete
- Flat roof and concrete flooring
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
$15,031
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
8.36%
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%
$300,620
$300.6K
Cap Rate 7%
$214,729
$214.7K
Cap Rate 9%
$167,011
$167.0K
Market Conditions
NOI Build-Up for 1,600 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
$23.0K $14.40/SF
− Vacancy
−$1.6K −$0.98/SF
EGI
$21.5K $13.42/SF
− OpEx
−$6.4K −$4.03/SF
NOI
$15.0K $9.39/SF
Area
Delaware County, NY
Vacancy
6.80%
Lease Rate
$14.40 /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%
$300,620
Cap Rate 7%
$214,729
Cap Rate 9%
$167,011
Alternative Uses
Best Use
Retail
$386.3K
$338.0K – $450.7K
NOI $27,039 @ 7.0% cap · market cap 15.03%
Second Best
Industrial
$214.7K
$187.9K – $250.5K
NOI $15,031 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$785.0K
$686.9K – $915.8K
NOI $54,950 @ 7.0% cap · market cap 30.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13838, NY
4,203
Population
2,126
Households
2
Avg Household Size
43
Median Age
25%
College-Educated
90%
High-School Grad
8.6 sq mi
ZIP Area
489
Density / Sq Mi
$51,287
Median Household Income
$37,271
Median Earnings
$815
Median Rent
$118,200
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
- Tri County Sales Outlet — 8 Bridge St #1, Sidney, NY 13838
- Sidney Tire, Inc. — 485 NY-7, Unadilla, NY 13849
- Sidney Auto Body — 21 Union St, Sidney, NY 13838
- Butler Auto Sales Inc — 268 NY-7, Sidney, NY 13838
- B & M Auto of Sidney — 43 Cartwright Ave, Sidney, NY 13838
Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair shop for sale in Sidney, NY, set on 0.79 acres with a 1,600 SF building.
Where is this auto shop located?
The property is located at 43 Cartwright Street Sidney, NY.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Auto repair business located in the village of Sidney, NY; Building construction materials include block, frame, and concrete; Flat roof and concrete flooring
