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    Automotive Repair and Inspection Facility Title is generated by Realmo AI

    675 Merrick Road, Lynbrook, NY 11563

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    For Sale
    $170,000

    Turnkey shop with multiple overhead-door bays, reception, office, and paved parking for NYS inspections and maintenance.

    Type:Commercial
    Added:
    Sep 26, 2025
    Days on Market:
    252
    Last Refresh:
    Jun 4 at 1:42 am

    Property Features for 675 Merrick Road

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1948

    We can help!

    Listing Contact
    FELIX GUTIERREZ

    Listing agent FELIX GUTIERREZ

    Listing office EREALTY ADVISORS INC

    Listing date Sep 26, 2025

    Source Corcoran

    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 EREALTY ADVISORS INC

    HighLights

    • 1948‑built automotive repair and inspection facility with multiple service bays
    • Multiple overhead‑door service bays for vehicle service and maintenance
    • Includes customer reception and office space
    • Fully equipped for NYS inspections, diagnostics, maintenance, and performance upgrades
    • Includes ample paved parking for customers

    Overview

    This automotive repair and inspection facility is designed for shop operations with multiple service bays, each featuring an overhead door for convenient vehicle access. The layout includes a customer reception area and office space, supporting day-to-day service and customer interactions. The property is described as fully equipped for NYS inspections, with capabilities for diagnostics, maintenance, and performance upgrades, along with motorcycle inspection and a wholesale dealer license.

    Located at 675 Merrick Road in Lynbrook, NY, the facility includes ample paved parking and is positioned to benefit from the strong visibility and steady traffic noted in the public remarks. The combination of service-bay access and paved parking is well suited to a customer-facing repair and inspection business.

    For an operator looking to expand or establish an automotive business, the existing bay configuration, inspection-ready capabilities, and on-site administrative space can help streamline operations from day one. The presence of multiple overhead-door bays supports workflow for servicing vehicles, while the reception and office areas provide the structure needed for intake, paperwork, and scheduling tied to inspections and maintenance.
    Location Intelligence

    Current Use by Public Records

    Merrick Automotive Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Competition Collision — 1081 Rockaway Ave, Valley Stream, NY 11581
    • Wond A Rama Auto Discounts City Inc — 2 5th St, Valley Stream, NY 11581
    • Central Auto Collision — 1081 Rockaway Ave, Valley Stream, NY 11581
    • Long Island Towing — 663 Sunrise Hwy, Lynbrook, NY 11563
    • Anchest Auto Glass of Lynbrook — 121 Broadway, Lynbrook, NY 11563

    Location Insight

    • Map
    • Local Demand
    City
    Lynbrook
    County
    Nassau
    State
    New York
    Longitude
    -73.687252
    Latitude
    40.661877

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    FAQs

    What type of property is this?
    Auto shop - Turnkey shop with multiple overhead-door bays, reception, office, and paved parking for NYS inspections and maintenance.
    Where is this auto shop located?
    The property is located at 675 Merrick Road Lynbrook, NY.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: 1948‑built automotive repair and inspection facility with multiple service bays; Multiple overhead‑door service bays for vehicle service and maintenance; Includes customer reception and office space
    (516) 888-9715
    We can help!
    Listing Contact
    FELIX GUTIERREZ
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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