Building Details

Year Built 1975

Buildings 1

Listing Agency: Hunt Real Estate ERA n***@huntrealestate.com Show Phone

Listed By: Kristopher P. Joseph · License #10401338547 Show Phone

Source: Prestigefamilyrealty

Added: Sep 25 Changed: Nov 1 Last Checked: Nov 1 at 3:12PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 4,000-square-foot auto shop, built in 1975, is currently occupied by an automotive body shop. The heated building has multiple service bays in varying sizes, oversized overhead doors, and dedicated office areas. The lot provides front parking, with additional space behind the building for vehicle or equipment storage and potential building expansion or an additional structure.

The property is adjacent to Route 12 and visible from the road. Its existing combination of service, office, parking, and rear lot space supports its current automotive use.

Key Highlights

• 4,000‑square‑foot building constructed in 1975
• Multiple heated service bays in varying sizes
• Oversized overhead doors and dedicated office areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,236

Cap Rate

6.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$804,720 $804.7K

Cap Rate 7%

$574,800 $574.8K

Cap Rate 9%

$447,067 $447.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$60.0K $15.00/SF

− Vacancy

−$2.5K −$0.63/SF

EGI

$57.5K $14.37/SF

− OpEx

−$17.2K −$4.31/SF

NOI

$40.2K $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 Rate 5%

$804,720

Cap Rate 7%

$574,800

Cap Rate 9%

$447,067

Alternative Uses

Best Use

Retail

$574.8K

$503.0K – $670.6K (±1% cap)

NOI $40,236 @ 7.0% cap · market cap 6.44%

Second Best

Industrial

$353.4K

$309.2K – $412.3K (±1% cap)

NOI $24,739 @ 7.0% cap · market cap 3.96%

Theoretical Best

Office A

$1.05M

$922.3K – $1.23M (±1% cap)

NOI $73,786 @ 7.0% cap · market cap 11.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

U-Haul Neighborhood Dealer Car Rental Facility Beacon Body Shop ... Auto Repair Shop

Suggested Use

Top Pick Building Supply Restaurant Law Firm Spa & Massage Center Big Box & Wholesale Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

93

Businesses Nearby

4k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Don's Ford Shops & Services

2,491 visits/mo 0.1 miles

Dimmick Group Peterbilt Shops & Services

1,016 visits/mo 0.2 miles

Demographics for 13502, NY

33,990

Population

15,337

Households

2.2

Avg Household Size

38

Median Age

25%

College-Educated

87%

High-School Grad

51.4 sq mi

ZIP Area

661

Density / Sq Mi

$59,530

Median Household Income

$36,927

Median Earnings

$965

Median Rent

$149,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar Off Market Nearby

• Dimmick Group Peterbilt - Utica — 5636 Horatio St, Utica, NY 13502
• Carbone Cadillac of Utica — 5700 horatio st, utica, ny 13502
• Carbone Buick GMC of Utica Service and Parts Center — 5700 horatio st, utica, ny 13502
• Beacon Body Shop Plus LLC — 5666 Horatio St, Utica, NY 13502
• LeadCar GMC Utica Service — 5700 Horatio St #200, Utica, NY 13502

Frequently Asked Questions

What type of property is this?

Auto shop - Heated work areas, oversized overhead doors, and dedicated office space support the building’s automotive configuration.

Where is this auto shop located?

The property is located at 5666 Horatio Street Deerfield, NY.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: 4,000‑square‑foot building constructed in 1975; Multiple heated service bays in varying sizes; Oversized overhead doors and dedicated office areas