Automotive Service Property with
For Sale
$2,985,000
4577 Lake Road Sweden, Ny, NY 14420
Two-building commercial property with offices, customer waiting area, repair bays, and dedicated utility service.
Property Size7,335 SF
Lot Size6.39 Acres
Price / SF$406.95
Days on Market80
Property Features for 4577 Lake Road Sweden
General Information
Standard status
Active
Size
7,335 SF
Total Parking Spaces
500
Lot size
6.39 Acres
Property subtype
CommercialSale
Zoning
B-1
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$19,564
Amenities
showroom
offices
customer waiting area
restroom
service/repair shop
7 overhead doors
300-amp electric service
200-amp electric service
floor drains
Other,SeeRemarks
Yes
No
1
Land and Building
IrregularLot
Public
6.39
500.0
404X773
OnSite,Surfaced
7335.0
2
Building Details
Building Size
7,335 SF
Year Built
1952
Buildings
2
Listing Agency:
Hunt Real Estate ERA/Columbus
(585) 798-9898
Listed By:
Randall Barton
(585) 798-9898
Source:
Zambitorealtors
Added: Jun 12
Changed: Aug 30
Last Checked: Jul 1 at 2:25AM
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 Hunt Real Estate ERA/Columbus
Investment Insights
Based on property information with market context.
This 7,335-square-foot automotive property includes two buildings on 6.39 acres across two tax parcels. The main improvements provide a showroom, multiple offices, a customer waiting area, and a restroom, along with a service and repair shop equipped with 7 overhead doors: 4 measuring 10 feet and 3 measuring 11 feet. Floor drains serve both buildings.
The site at 4577 Lake Rd S in Brockport, NY, includes well over 500 parking spaces for vehicle inventory and customer use. Electrical service includes 300 amps to the main building and 200 amps to the secondary building. The property is zoned B-1 and was built in 1952, with gas and zone-controlled A/C listed among the interior features.
The site at 4577 Lake Rd S in Brockport, NY, includes well over 500 parking spaces for vehicle inventory and customer use. Electrical service includes 300 amps to the main building and 200 amps to the secondary building. The property is zoned B-1 and was built in 1952, with gas and zone-controlled A/C listed among the interior features.
Key Highlights
- 6.39 acres across two tax parcels
- 7,335‑square‑foot automotive property with showroom, offices, waiting area, and service shop
- 7 overhead doors: 4–10’ and 3–11’
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
$106,552
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
3.57%
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%
$2,131,040
$2.1M
Cap Rate 7%
$1,522,171
$1.5M
Cap Rate 9%
$1,183,911
$1.2M
Market Conditions
NOI Build-Up for 7,335 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
$161.1K $21.96/SF
− Vacancy
−$8.9K −$1.21/SF
EGI
$152.2K $20.75/SF
− OpEx
−$45.7K −$6.23/SF
NOI
$106.6K $14.53/SF
Area
New York, NY
Vacancy
5.50%
Lease Rate
$21.96 /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%
$2,131,040
Cap Rate 7%
$1,522,171
Cap Rate 9%
$1,183,911
Alternative Uses
Best Use
Retail
$14.75M
$12.90M – $17.20M
NOI $1,032,214 @ 7.0% cap · market cap 34.58%
Second Best
Industrial
$1.52M
$1.33M – $1.78M
NOI $106,552 @ 7.0% cap · market cap 3.57%
Theoretical Best
Specialty Retail
$18.26M
$15.98M – $21.30M
NOI $1,278,050 @ 7.0% cap · market cap 42.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14420, NY
19,567
Population
8,245
Households
2.4
Avg Household Size
34
Median Age
35%
College-Educated
94%
High-School Grad
59.0 sq mi
ZIP Area
332
Density / Sq Mi
$69,716
Median Household Income
$35,211
Median Earnings
$951
Median Rent
$178,600
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.
Frequently Asked Questions
What type of property is this?
Auto shop - Two-building commercial property with offices, customer waiting area, repair bays, and dedicated utility service.
Where is this auto shop located?
The property is located at 4577 Lake Road Sweden Ny, NY.
What is the asking price?
The asking price for this property is $2,985,000.
What are key features of this property?
This property features: 6.39 acres across two tax parcels; 7,335‑square‑foot automotive property with showroom, offices, waiting area, and service shop; 7 overhead doors: 4–10’ and 3–11’
