Turnkey Auto Repair
For Sale
$650,000
7 Saratoga Avenue, Ballston Spa, NY 12020
Auto repair business for sale in prime commercial location.
Property Size3,328 SF
Lot Size0.28 Acres
Price / SF$195.31
Days on Market163
Property Features for 7 Saratoga Avenue
General Information
Standard status
Active
Size
3,328 SF
Lot size
0.28 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,000
Amenities
Corner Lot
Heated Garage
Workshop in Garage
Asphalt Roof
Concrete Flooring
Lighting
Off Street
Paved
Road Frontage
Building Details
Year Built
1924
Listing Agency:
HOWARD HANNA CAPITAL INC
(518) 584-0743
Listed By:
JULIA AUDI
Source:
Corcoran
Added: Mar 11
Changed: Aug 17
Last Checked: Aug 19 at 10:06AM
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 HOWARD HANNA CAPITAL INC
Investment Insights
Based on property information with market context.
This property is a turnkey auto repair business for sale, situated in a prime commercial location within a Central Business District. The property features over 30 parking spots and benefits from high visibility on a highly trafficked route. The building includes a private office upstairs, a large front lobby, and a storage room. It also has 3 large bays equipped with lifts for auto repair, and glass doors that provide a bright and comfortable workspace. The sale includes a large customer base and a POS system. The fully loaded mechanic shop includes a tire machine, A/C recharge equipment, fluid evac equipment, and diagnostic equipment. Industry-specific business software, including inventory and bookkeeping systems, is also included. The property is 3328 square feet. The seller will consider lease and some owner financing. The property is located at 7 Saratoga Avenue, Ballston Spa, NY 12020.
Key Highlights
- Prime commercial location on highly trafficked Route 50 with great visibility.
- Turnkey auto repair business with existing customer base, POS system, and industry‑specific software included.
- Fully equipped mechanic shop with lifts, tire machine, A/C recharge, fluid evac, and diagnostic equipment included.
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
$40,172
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
6.18%
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%
$803,440
$803.4K
Cap Rate 7%
$573,886
$573.9K
Cap Rate 9%
$446,356
$446.4K
Market Conditions
NOI Build-Up for 3,328 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
$59.9K $18.00/SF
− Vacancy
−$2.5K −$0.76/SF
EGI
$57.4K $17.24/SF
− OpEx
−$17.2K −$5.17/SF
NOI
$40.2K $12.07/SF
Area
Saratoga County, NY
Vacancy
4.20%
Lease Rate
$18.00 /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%
$803,440
Cap Rate 7%
$573,886
Cap Rate 9%
$446,356
Alternative Uses
Best Use
Retail
$573.9K
$502.2K – $669.5K
NOI $40,172 @ 7.0% cap · market cap 6.18%
Second Best
Industrial
$294.0K
$257.3K – $343.1K
NOI $20,583 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$996.1K
$871.6K – $1.16M
NOI $69,728 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12020, NY
34,667
Population
15,787
Households
2.2
Avg Household Size
42
Median Age
43%
College-Educated
94%
High-School Grad
75.6 sq mi
ZIP Area
459
Density / Sq Mi
$101,727
Median Household Income
$59,730
Median Earnings
$1,562
Median Rent
$299,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Quality Foreign Car Care Inc — 7 Saratoga Ave, Ballston Spa, NY 12020
- Jim's Garage — 17 Washington St, Ballston Spa, NY 12020
- Fat Boyz Kustomz — 85 Bath St, Ballston Spa, NY 12020
- Generations Auto Repair — 85 Bath St, Ballston Spa, NY 12020
- Hearn Automotive Redesign — 51 Kent St, Malta, NY 12020
Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair business for sale in prime commercial location.
Where is this auto shop located?
The property is located at 7 Saratoga Avenue Ballston Spa, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime commercial location on highly trafficked Route 50 with great visibility.; Turnkey auto repair business with existing customer base, POS system, and industry‑specific software included.; Fully equipped mechanic shop with lifts, tire machine, A/C recharge, fluid evac, and diagnostic equipment included.
