Automotive Service
For Sale
Contact for pricing
4942 Commercial Dr, New York Mills, NY 13417
Flexible commercial building with office, shop, overhead doors, high ceilings, and on-site parking.
Property Size2,800 SF
Price / SF$186.40
Days on Market54
Property Features for 4942 Commercial Dr
General Information
Standard status
Active
Size
2,800 SF
Property subtype
INDUSTRIAL
Additional Details
Drive-In Doors
2
Amenities
reception/office area
open service/shop space
high ceilings
overhead gas heat
wash basins
utility room
concrete floors
overhead garage doors
Building Details
Buildings
1
Building Size
2,800 SF
Abandoned
No
Listing Agency:
Carrow Real Estate Services
(518) 462-7491
Listed By:
Amber Hensley
(518) 788-7206
Source:
Moodyscre
Added: Jul 28
Changed: Sep 14
Last Checked: Sep 18 at 6:32AM
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 Carrow Real Estate Services
Investment Insights
Based on property information with market context.
This 2,816-square-foot commercial building is currently used for an automotive glass service business. The layout includes a large reception and office area, wide-open service or shop space, high ceilings, overhead gas heat, wash basins, a utility room, and concrete floors. Two large 12 x 11 overhead garage doors support service and shop operations.
Set back from Commercial Dr, the property includes substantial on-site parking. Its combination of office, open shop space, garage access, and service-oriented features supports automotive and other commercial applications.
Set back from Commercial Dr, the property includes substantial on-site parking. Its combination of office, open shop space, garage access, and service-oriented features supports automotive and other commercial applications.
Key Highlights
- 2,816‑square‑foot commercial building
- Large reception and office area with wide‑open service or shop space
- Two 12 x 11 overhead garage doors
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
$28,326
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
5.40%
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%
$566,520
$566.5K
Cap Rate 7%
$404,657
$404.7K
Cap Rate 9%
$314,733
$314.7K
Market Conditions
NOI Build-Up for 2,816 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
$42.2K $15.00/SF
− Vacancy
−$1.8K −$0.63/SF
EGI
$40.5K $14.37/SF
− OpEx
−$12.1K −$4.31/SF
NOI
$28.3K $10.06/SF
Area
Oneida County, NY
Vacancy
4.20%
Lease Rate
$15.00 /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%
$566,520
Cap Rate 7%
$404,657
Cap Rate 9%
$314,733
Alternative Uses
Best Use
Retail
$404.7K
$354.1K – $472.1K
NOI $28,326 @ 7.0% cap · market cap 5.40%
Second Best
Flex RnD
$303.7K
$265.8K – $354.4K
NOI $21,262 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$742.1K
$649.3K – $865.8K
NOI $51,945 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 13417, NY
3,280
Population
1,869
Households
1.8
Avg Household Size
44
Median Age
36%
College-Educated
98%
High-School Grad
1.4 sq mi
ZIP Area
2,343
Density / Sq Mi
$56,055
Median Household Income
$43,571
Median Earnings
$778
Median Rent
$160,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Walmart Auto Care Centers — 4765 Commercial Dr, New Hartford, NY 13413
- Trevisani & Laporte Auto Center — 14 Clinton St, New York Mills, NY 13417
- Cole Muffler & Brake — 4863 Commercial Dr, New York Mills, NY 13417
- Mavis Discount Tire — 4863 Commercial Dr, New York Mills, NY 13417
- Sprague's Collision Center, Inc. — 58 Henderson St, New York Mills, NY 13417
Frequently Asked Questions
What type of property is this?
Auto shop - Flexible commercial building with office, shop, overhead doors, high ceilings, and on-site parking.
Where is this auto shop located?
The property is located at 4942 Commercial Dr New York Mills, NY.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: 2,816‑square‑foot commercial building; Large reception and office area with wide‑open service or shop space; Two 12 x 11 overhead garage doors
