Three-Bay Automotive Repair
For Sale
$950,000
69 Laurel Road, East Northport, NY 11731
One-story automotive facility with roll-up access, customer parking, and C6 zoning along a primary East Northport roadway.
Property Size11,589 SF
Lot Size0.25 Acres
Price / SF$542.86
Days on Market87
Property Features for 69 Laurel Road
General Information
Standard status
Active
Size
11,589 SF
Lot size
0.25 Acres
Property subtype
Commercial
Zoning
C6
Additional Details
Road Access
Yes
Service Bays
3
Taxes and HOA fees
Annual Taxes
$12,638
Amenities
two roll-up doors
Building Details
Building Size
11,589 SF
Buildings
1
Stories
1
Listing Agency:
Coldwell Banker American Homes
(631) 889-3396
Listed By:
George Gabriel · License #10401244683
(631) 889-3396
Source:
Alexandermadisonhomes
Added: Jun 5
Changed: Aug 30
Last Checked: Aug 25 at 9:08AM
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 Coldwell Banker American Homes
Investment Insights
Based on property information with market context.
This one-story automotive property includes 1,750 square feet of workspace arranged around three service bays and two roll-up doors. The layout supports vehicle movement through the building and is suited to repair operations, with auto body work also identified as a possible use. A maintained parking area provides room for customer vehicles and on-site storage.
The property is located at 69 Laurel Road in East Northport, on a main road with visibility from passing traffic. The 10,890-square-foot parcel encompasses 0.25 acre and provides space for parking, circulation, and outdoor vehicle storage. C6 zoning applies, and the site is within walking distance of the Long Island Rail Road.
The property is located at 69 Laurel Road in East Northport, on a main road with visibility from passing traffic. The 10,890-square-foot parcel encompasses 0.25 acre and provides space for parking, circulation, and outdoor vehicle storage. C6 zoning applies, and the site is within walking distance of the Long Island Rail Road.
Key Highlights
- 1,750 square feet of automotive workspace
- Three service bays with two roll‑up doors
- 10,890‑square‑foot parcel totaling 0.25 acre
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
$34,214
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
3.60%
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%
$684,280
$684.3K
Cap Rate 7%
$488,771
$488.8K
Cap Rate 9%
$380,156
$380.2K
Market Conditions
NOI Build-Up for 1,750 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
$52.5K $30.00/SF
− Vacancy
−$3.6K −$2.07/SF
EGI
$48.9K $27.93/SF
− OpEx
−$14.7K −$8.38/SF
NOI
$34.2K $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%
$684,280
Cap Rate 7%
$488,771
Cap Rate 9%
$380,156
Alternative Uses
Best Use
Retail
$488.8K
$427.7K – $570.2K
NOI $34,214 @ 7.0% cap · market cap 3.60%
Second Best
Industrial
$354.9K
$310.6K – $414.1K
NOI $24,846 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$533.1K
$466.5K – $622.0K
NOI $37,319 @ 7.0% cap · market cap 3.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
687
Businesses Nearby
27k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Dining 7%
7-Eleven
Shops & Services
13,872 visits/mo
0.5 miles
7-Eleven
Shops & Services
6,556 visits/mo
0.4 miles
Shell
Shops & Services
4,251 visits/mo
0.4 miles
Jersey Mike's Subs
Dining
1,989 visits/mo
0.5 miles
Demographics for 11731, NY
30,353
Population
11,073
Households
2.7
Avg Household Size
44
Median Age
51%
College-Educated
96%
High-School Grad
8.3 sq mi
ZIP Area
3,657
Density / Sq Mi
$158,819
Median Household Income
$68,071
Median Earnings
$2,261
Median Rent
$622,100
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
- Jasons Auto Repair — 311 Larkfield Rd, East Northport, NY 11731
- Graziano Collision — 260 Larkfield Rd, East Northport, NY 11731
- Eurotechnic diagnostics inc — 10 Richter Ct, East Northport, NY 11731
- Ppg Collision Repair Center — monmouth ct, east northport, ny 11731
- Hunter's Garage — 30 Larkfield Rd, East Northport, NY 11731
Frequently Asked Questions
What type of property is this?
Auto shop - One-story automotive facility with roll-up access, customer parking, and C6 zoning along a primary East Northport roadway.
Where is this auto shop located?
The property is located at 69 Laurel Road East Northport, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1,750 square feet of automotive workspace; Three service bays with two roll‑up doors; 10,890‑square‑foot parcel totaling 0.25 acre
