3-Bay Auto Repair
For Sale
$950,000
69 Laurel Road, East Northport, NY 11731
Commercial Sale, East Northport, NY
Property Size1,750 SF
Lot Size0.25 Acres
Price / SF$542.86
Days on Market92
Property Features for 69 Laurel Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C6
Elementary school
Pulaski Road School
Middle school
East Northport Middle School
High school
Northport Senior High School
Elementary school district
Northport-East Northport
Middle school district
Northport-East Northport
High school district
Northport-East Northport
Directions
Larkfield Rd North to Laurel Rd
Standard status
Active
APN
0400-083-00-01-00-050-000
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12638
Utilities
Sewer type
Septic Tank
Heating system
Forced Air, Oil
Water source
Public
Amenities
roll-up doors
Building Details
Building materials
Block
Listing Agency:
Coldwell Banker American Homes · Coldwell Banker Real Estate
(631) 588-9090
Listed By:
George Gabriel · License #10401244683
(631) 889-3396
Added: Jun 5
Changed: Aug 19
Last Checked: Sep 4 at 11:06AM
MLS# 1009621
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This one-story automotive property includes 1,750 ft of workspace, three service bays, and two roll-up doors supporting vehicle access and service operations. The block-built facility is heated by forced air and oil, with public water and a septic tank. The site can accommodate repair and auto body work, with a large parking area for customers and vehicle storage.
Positioned on Laurel Road in East Northport, the property fronts a busy main road and is described as having steady traffic and visibility. The 0.25-acre parcel measures 10,890 ft and provides space for parking, vehicle circulation, and outdoor storage. The Long Island Railroad is within walking distance.
Positioned on Laurel Road in East Northport, the property fronts a busy main road and is described as having steady traffic and visibility. The 0.25-acre parcel measures 10,890 ft and provides space for parking, vehicle circulation, and outdoor storage. The Long Island Railroad is within walking distance.
Key Highlights
- 3 service bays and 2 roll‑up doors
- 1,750 ft of functional workspace in a one‑story building
- 0.25‑acre parcel measuring 10,890 ft
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
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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 room for on-site vehicle storage.
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: 3 service bays and 2 roll‑up doors; 1,750 ft of functional workspace in a one‑story building; 0.25‑acre parcel measuring 10,890 ft
