Five-Bay Automotive
New
For Sale
Contact for pricing
46 Mechanic Street, Amenia, NY 12501
Automotive facility with established repair operations, multiple service bays, and HM zoning supporting continued automotive use.
Property Size4,000 SF
Lot Size0.28 Acres
Price / SF$162.50
Days on Market7
Property Features for 46 Mechanic Street
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.28 Acres
Property subtype
Retail
Zoning
HM
Occupancy
100%
Lease Type
NNN
Net Operating Income
$51,000
Additional Details
Service Bays
5
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Brix Real Estate Advisors
(914) 300-4444
Listed By:
Matthew Barbaccia
Source:
Crexi
Added: Aug 5
Changed: Aug 11
Last Checked: Aug 10 at 3:31PM
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 Brix Real Estate Advisors
Investment Insights
Based on property information with market context.
The property is an approximately 4,000-square-foot automotive facility on a 12,196-square-foot lot in Amenia, New York. Five service bays support vehicle repair operations, and HM zoning permits continued automotive use. The site has served as the home of an established automotive repair business for more than 50 years.
The property is located at 46 Mechanic Street in Dutchess County. The owner is seeking to remain in occupancy under a proposed 10-year lease, creating a potential sale-leaseback structure for a buyer. Existing automotive improvements and the established operating history provide a defined use for the facility.
The property is located at 46 Mechanic Street in Dutchess County. The owner is seeking to remain in occupancy under a proposed 10-year lease, creating a potential sale-leaseback structure for a buyer. Existing automotive improvements and the established operating history provide a defined use for the facility.
Key Highlights
- Approximately 4,000 SF automotive facility
- Five fully equipped service bays
- 12,196 SF lot
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
$51,180
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
7.87%
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%
$1,023,600
$1.0M
Cap Rate 7%
$731,143
$731.1K
Cap Rate 9%
$568,667
$568.7K
Market Conditions
NOI Build-Up for 4,000 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
$76.3K $19.08/SF
− Vacancy
−$3.2K −$0.80/SF
EGI
$73.1K $18.28/SF
− OpEx
−$21.9K −$5.48/SF
NOI
$51.2K $12.80/SF
Area
Dutchess County, NY
Vacancy
4.20%
Lease Rate
$19.08 /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%
$1,023,600
Cap Rate 7%
$731,143
Cap Rate 9%
$568,667
Alternative Uses
Best Use
Retail
$731.1K
$639.8K – $853.0K
NOI $51,180 @ 7.0% cap · market cap 7.87%
Second Best
Industrial
$353.4K
$309.2K – $412.3K
NOI $24,739 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,285 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Service bays
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
23k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
8,655 visits/mo
0.1 miles
Cumberland Farms
Shops & Services
8,194 visits/mo
0.1 miles
Shell
Shops & Services
6,065 visits/mo
0.2 miles
Demographics for 12501, NY
2,125
Population
1,062
Households
2
Avg Household Size
47
Median Age
38%
College-Educated
90%
High-School Grad
32.4 sq mi
ZIP Area
66
Density / Sq Mi
$78,716
Median Household Income
$39,420
Median Earnings
$1,295
Median Rent
$305,600
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.
Similar Off Market Nearby
- contact - good boy food truck — 4957 NY-22, Amenia, NY 12501
- DeLango Automotive — 3305 NY-343, Amenia, NY 12501
- Marty Conklin's Garage, Inc. — 46 Mechanic St, Amenia, NY 12501
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive facility with established repair operations, multiple service bays, and HM zoning supporting continued automotive use.
Where is this auto shop located?
The property is located at 46 Mechanic Street Amenia, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Approximately 4,000 SF automotive facility; Five fully equipped service bays; 12,196 SF lot
