Former Auto Shop on
For Sale
Contact for pricing
6790 Erie Rd, Derby, NY 14047
1,733 SF auto shop with high traffic exposure.
Property Size1,733 SF
Price / SF$144.26
Days on Market575
Property Features for 6790 Erie Rd
General Information
Standard status
Active
Size
1,733 SF
Class
B
Property subtype
Industrial, Land, Retail
Zoning
GB
Lease Type
NNN
Building Details
Buildings
1
Stories
1
Units
1
Listing Agency:
Hawley Development Corp
Listed By:
John Pastore · License #FLBO/ FSBO
Source:
Crexi
Added: Jan 22, 2025
Changed: Aug 16
Last Checked: Aug 19 at 5:41AM
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 Hawley Development Corp
Investment Insights
Based on property information with market context.
This 1,733 square foot property, formerly an auto shop, presents an opportunity for automotive users or small business owners. The property includes a retail storefront and two service bay areas. A bathroom was newly installed in June 2025. Situated on a corner with high traffic, the location sees over 13,000 vehicles per day. The property is suitable for automotive services, retail, or other commercial uses. The population within a 1-mile radius is 3,952, with 1,619 households and a median household income of $76,258. Within a 3-mile radius, the population is 12,355, with 4,708 households and a median household income of $79,471. The population within a 5-mile radius is 18,805, with 7,284 households and a median household income of $78,604.
Key Highlights
- High‑traffic corner location with over 13,000 vehicles per day, providing excellent business exposure.
- Suitable for automotive users, retail, or other commercial uses.
- Two spacious service bay areas.
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
$15,582
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
6.23%
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%
$311,640
$311.6K
Cap Rate 7%
$222,600
$222.6K
Cap Rate 9%
$173,133
$173.1K
Market Conditions
NOI Build-Up for 1,733 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
$25.0K $14.40/SF
− Vacancy
−$2.7K −$1.56/SF
EGI
$22.3K $12.84/SF
− OpEx
−$6.7K −$3.85/SF
NOI
$15.6K $8.99/SF
Area
Erie County, NY
Vacancy
10.80%
Lease Rate
$14.40 /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%
$311,640
Cap Rate 7%
$222,600
Cap Rate 9%
$173,133
Alternative Uses
Best Use
Retail
$222.6K
$194.8K – $259.7K
NOI $15,582 @ 7.0% cap · market cap 6.23%
Second Best
Industrial
$108.7K
$95.1K – $126.8K
NOI $7,606 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$378.8K
$331.5K – $442.0K
NOI $26,519 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 14047, NY
6,152
Population
2,707
Households
2.3
Avg Household Size
47
Median Age
19%
College-Educated
91%
High-School Grad
13.1 sq mi
ZIP Area
470
Density / Sq Mi
$76,525
Median Household Income
$45,546
Median Earnings
$964
Median Rent
$180,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Derby Body Shop — 6750 Putnam Dr, Derby, NY 14047
- Jiffy Lube — 6858 Erie Rd, Derby, NY 14047
- Camus Auto — 6790 Erie Rd, Derby, NY 14047
- Donald J Braasch — 6613 Erie Rd, Derby, NY 14047
- RDA South — 6943 Erie Rd, Derby, NY 14047
Frequently Asked Questions
What type of property is this?
Auto shop - 1,733 SF auto shop with high traffic exposure.
Where is this auto shop located?
The property is located at 6790 Erie Rd Derby, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: High‑traffic corner location with over 13,000 vehicles per day, providing excellent business exposure.; Suitable for automotive users, retail, or other commercial uses.; Two spacious service bay areas.
