Corner Auto Service
For Sale
$259,900
5 John St, Nassau, NY 12123
Existing automotive improvements include bay doors, customer reception space, and multiple curb cuts serving a prominent corner parcel.
Property Size1,776 SF
Lot Size0.49 Acres
Price / SF$146.34
Days on Market216
Property Features for 5 John St
General Information
Standard status
Active
Size
1,776 SF
Lot size
0.49 Acres
Additional Details
Road Access
Yes
Land Use
commercial
Taxes and HOA fees
Annual Taxes
$5,037
Amenities
customer reception area
Building Details
Buildings
1
Listing Agency:
Coldwell Banker Prime Properties
(518) 892-4251
Listed By:
David J Skoney · License #10401387019
(518) 892-4251
Source:
Exprealty
Added: Jan 19
Changed: Aug 23
Last Checked: Aug 23 at 11:20AM
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 Coldwell Banker Prime Properties
Investment Insights
Based on property information with market context.
This 0.49-acre auto shop property includes a 1,350-square-foot service building configured with two bay doors and a customer reception area. The existing improvements support automotive service operations, while the building occupies only part of the site and leaves additional land for expansion, reconfiguration, or new development. The sale is offered as-is.
Three curb cuts provide site access, including two along the principal commercial roadway identified in the property information. The surrounding commercial node includes auto-related businesses, light industrial users, and service-oriented retail. The property’s corner configuration, existing automotive building, and surplus land create a flexible setting for continued service use or future site planning.
Three curb cuts provide site access, including two along the principal commercial roadway identified in the property information. The surrounding commercial node includes auto-related businesses, light industrial users, and service-oriented retail. The property’s corner configuration, existing automotive building, and surplus land create a flexible setting for continued service use or future site planning.
Key Highlights
- 0.49‑acre corner parcel with an existing automotive service building
- 1,350 SF auto service building
- Two bay doors and customer reception area
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
$22,581
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
8.69%
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%
$451,620
$451.6K
Cap Rate 7%
$322,586
$322.6K
Cap Rate 9%
$250,900
$250.9K
Market Conditions
NOI Build-Up for 1,776 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
$33.7K $18.96/SF
− Vacancy
−$1.4K −$0.80/SF
EGI
$32.3K $18.16/SF
− OpEx
−$9.7K −$5.45/SF
NOI
$22.6K $12.71/SF
Area
Rensselaer County, NY
Vacancy
4.20%
Lease Rate
$18.96 /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%
$451,620
Cap Rate 7%
$322,586
Cap Rate 9%
$250,900
Alternative Uses
Best Use
Retail
$322.6K
$282.3K – $376.4K
NOI $22,581 @ 7.0% cap · market cap 8.69%
Second Best
Industrial
$268.1K
$234.6K – $312.8K
NOI $18,770 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$444.0K
$388.5K – $518.0K
NOI $31,078 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
18k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Home Improvements & Furnishings 15%
Cumberland Farms
Shops & Services
9,336 visits/mo
0.2 miles
Family Dollar
Shops & Services
6,171 visits/mo
0.4 miles
Nassau Country Value
Home Improvements & Furnishings
2,838 visits/mo
0.3 miles
Demographics for 12123, NY
5,096
Population
2,346
Households
2.2
Avg Household Size
44
Median Age
39%
College-Educated
96%
High-School Grad
31.8 sq mi
ZIP Area
160
Density / Sq Mi
$104,438
Median Household Income
$54,646
Median Earnings
$959
Median Rent
$275,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
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- Sheldon's Garage — 35 Malden St, Nassau, NY 12123
- Bill's Service Center — 25 Malden St, Nassau, NY 12123
Frequently Asked Questions
What type of property is this?
Auto shop - Existing automotive improvements include bay doors, customer reception space, and multiple curb cuts serving a prominent corner parcel.
Where is this auto shop located?
The property is located at 5 John St Nassau, NY.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 0.49‑acre corner parcel with an existing automotive service building; 1,350 SF auto service building; Two bay doors and customer reception area
