Corner-Lot Auto Shop with
For Sale
$2,500,000
556 W Hoffman Ave, Lindenhurst, NY 11757
Standalone automotive facility with warehouse space, outdoor storage, and separate front and side access points.
Property Size10,000 SF
Lot Size0.56 Acres
Price / SF$250
Days on Market8
Property Features for 556 W Hoffman Ave
General Information
Standard status
Active
Size
10,000 SF
Lot size
0.56 Acres
Property subtype
Commercial
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$29,718
Amenities
corner lot
dual-access
secure outdoor storage
Building Details
Building Size
10,000 SF
Buildings
1
Stories
1
Units
1
Listing Agency:
(631) 944-5299
Listed By:
Malik Zulqarnain
(631) 944-5299
Source:
Elliman
Added: Aug 12
Changed: Aug 15
Last Checked: Aug 18 at 9:26AM
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 Malik Zulqarnain
Investment Insights
Based on property information with market context.
This automotive property includes a 10,000-square-foot standalone building paired with multiple adjacent lots and outdoor yard areas. The interior layout is suited to warehouse operations, parts dismantling, a retail counter, and vehicle storage. The existing business centers on auto recycling, scrap metal processing, and used auto parts, with inventory spanning mechanical, electrical, body, interior, suspension, steering, and brake components.
Positioned on a corner lot, the property has a primary entrance on Hoffman Avenue and an additional access point along Akron Avenue. The two approaches can support separate customer and service circulation. The offering includes the real estate and operating business; inventory is separate.
Positioned on a corner lot, the property has a primary entrance on Hoffman Avenue and an additional access point along Akron Avenue. The two approaches can support separate customer and service circulation. The offering includes the real estate and operating business; inventory is separate.
Key Highlights
- 10,000‑square‑foot standalone building
- Corner‑lot property at 556 W Hoffman Ave, Lindenhurst, NY 11757
- Primary access from Hoffman Avenue with additional access along Akron Avenue
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
$195,510
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
7.82%
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%
$3,910,200
$3.9M
Cap Rate 7%
$2,793,000
$2.8M
Cap Rate 9%
$2,172,333
$2.2M
Market Conditions
NOI Build-Up for 10,000 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
$300.0K $30.00/SF
− Vacancy
−$20.7K −$2.07/SF
EGI
$279.3K $27.93/SF
− OpEx
−$83.8K −$8.38/SF
NOI
$195.5K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$30.00 /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%
$3,910,200
Cap Rate 7%
$2,793,000
Cap Rate 9%
$2,172,333
Alternative Uses
Best Use
Retail
$2.79M
$2.44M – $3.26M
NOI $195,510 @ 7.0% cap · market cap 7.82%
Second Best
Warehouse
$2.19M
$1.92M – $2.55M
NOI $153,245 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$3.05M
$2.67M – $3.55M
NOI $213,252 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
728
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11757, NY
45,157
Population
15,212
Households
3
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
6.8 sq mi
ZIP Area
6,641
Density / Sq Mi
$128,081
Median Household Income
$56,059
Median Earnings
$2,091
Median Rent
$479,500
Median Home Value
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
- Ecopowerwash — 473 Oak St, Copiague, NY 11726
- A TO Z MARINE & AUTO — 860 Marconi Blvd, Copiague, NY 11726
- Shaw Auto Repair — 395 Oak St, Copiague, NY 11726
- A & J Complete Auto Repair — 460 W Montauk Hwy, Lindenhurst, NY 11757
- MSM Auto Repair — 790B Marconi Blvd, Copiague, NY 11726
Frequently Asked Questions
What type of property is this?
Auto shop - Standalone automotive facility with warehouse space, outdoor storage, and separate front and side access points.
Where is this auto shop located?
The property is located at 556 W Hoffman Ave Lindenhurst, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 10,000‑square‑foot standalone building; Corner‑lot property at 556 W Hoffman Ave, Lindenhurst, NY 11757; Primary access from Hoffman Avenue with additional access along Akron Avenue
