Goodyear Auto Service
54 Ransier Dr West Seneca, NY 14224
54 Ransier Dr, West Seneca, NY, 14224
Contact for pricing
For Sale
Contact for pricing
Goodyear auto service center offered with an absolute net lease and biennial 2% rent increases.
Property Size10,640 SF
Price / SF$88.82
Days on Market119
Property Features for 54 Ransier Dr
General Information
- Standard status
- Active
- Size
- 10,640 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1971
Listing agency
Northmarq - Chicago
(312) 777-2437
Listed by
Isaiah Harf · License #IL 471019332
Source
Crexi
Added: Mar 25 Updated: Jul 21 at 5:56AM Checked: Jul 21 at 5:56AM
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 Northmarq - Chicago
Investment Insights
Based on property information with market context.
Northmarq is pleased to present a Goodyear Auto Service Center for sale at 54 Ransier Dr, West Seneca, New York. The property operates under an absolute net lease with no landlord responsibilities whatsoever.
The lease includes biennial 2.00% rent increases during both the primary term and option periods. Goodyear is responsible for all taxes, insurance, and maintenance, including roof and structure, supporting a highly passive ownership profile. The offering is presented by Northmarq as a rare opportunity to acquire a single-tenant, net-leased automotive service asset.
The lease includes biennial 2.00% rent increases during both the primary term and option periods. Goodyear is responsible for all taxes, insurance, and maintenance, including roof and structure, supporting a highly passive ownership profile. The offering is presented by Northmarq as a rare opportunity to acquire a single-tenant, net-leased automotive service asset.
Key Highlights
- Goodyear auto service center in West Seneca, New York
- Absolute net lease with no landlord responsibilities whatsoever
- Biennial 2.00% rent increases during the primary term and option periods
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.5k | $10.20 |
| − Vacancy | −$2.1k | −$0.19 |
| EGI | $106.5k | $10.01 |
| − OpEx | −$31.9k | −$3.00 |
| NOI | $74.5k | $7.00 |
10,640 SF · lease $10.20/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.48M
$1.30M – $1.73M
NOI $103,640 @ 7.0% cap · market cap 10.97%
Second Best
Industrial
$1.06M
$931.6K – $1.24M
NOI $74,526 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,110 @ 7.0% cap · market cap 18.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Goodyear Commercial Tire ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Fleet Maintenance Inc- Freightliner & Western Star of Buffalo — 67 Ransier Dr, Buffalo, NY 14224
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- 5 Star towing & recovery WEST SENECA — 1711 union rd, west seneca, ny 14224
- Liberty Fleet Services — 1711 union rd, west seneca, ny 14224
FAQs
What type of property is this?
Auto shop - Goodyear auto service center offered with an absolute net lease and biennial 2% rent increases.
Where is this auto shop located?
The property is located at 54 Ransier Dr West Seneca, NY.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: Goodyear auto service center in West Seneca, New York; Absolute net lease with no landlord responsibilities whatsoever; Biennial 2.00% rent increases during the primary term and option periods
