Three-Bay Auto Repair
For Sale
$650,000
7 Saratoga Avenue, Ballston Spa, NY 12020
COMMERCIAL - Other - Ballston Spa, NY
Property Size3,328 SF
Lot Size0.28 Acres
Price / SF$195.31
Days on Market155
Property Features for 7 Saratoga Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
30
Parking features
Garage, Off Street
Exterior features
Lighting
Lot features
Road Frontage, Corner Lot
High school
Ballston Spa
Elementary school district
Ballston Spa
Middle school district
Ballston Spa
High school district
Ballston Spa
Directions
Rt 50 to Ballston Spa. Property on Corner of Rt50 7 & Saratoga Ave.
Standard status
Active
APN
414201 203.80-2-44
Size
3,328 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
7000
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
private office
storage room
glass doors
Building Details
Year built
1924
Floors in Building
2
Flooring type
Concrete
Building materials
Block
Roof type
Asphalt
Architectural style
Other
Additional Structures
Outbuilding
Listing Agency:
Howard Hanna Capital Inc
(518) 584-0743
Listed By:
Julia Audi · License #10401323566
(518) 428-1733
Added: Mar 11
Changed: Aug 4
Last Checked: Aug 12 at 7:06PM
MLS# 202613135
Copyright © 2026 Global MLS, Inc. 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 turnkey auto repair shop includes a private office upstairs, a large front lobby, and a storage room. The main work area features three large repair bays with lifts, glass doors, and bright, comfortable workspace. Equipment and systems are included with the property, such as a tire machine, A/C recharge equipment, fluid evac equipment, and diagnostic equipment, along with industry-specific business software for inventory and bookkeeping. Note that mechanics’ personal tools are excluded. The sale is offered AS IS, and the seller will consider lease and some owner financing.
Located at 7 Saratoga Avenue in Ballston Spa, the property is zoned Central Business District and positioned on a highly trafficked route, with visibility noted for the business. Over 30 parking spots are available, supporting customer and employee access.
The building is a strong fit for an operator looking to continue the current auto repair business with included point-of-sale and shop systems, or for a buyer who prefers to bring their own automotive operation. With defined repair bays, lift-equipped spaces, and built-in office support, the layout supports day-to-day service work in a straightforward, customer-accessible footprint.
Located at 7 Saratoga Avenue in Ballston Spa, the property is zoned Central Business District and positioned on a highly trafficked route, with visibility noted for the business. Over 30 parking spots are available, supporting customer and employee access.
The building is a strong fit for an operator looking to continue the current auto repair business with included point-of-sale and shop systems, or for a buyer who prefers to bring their own automotive operation. With defined repair bays, lift-equipped spaces, and built-in office support, the layout supports day-to-day service work in a straightforward, customer-accessible footprint.
Key Highlights
- Zoned Central Business District commercial building on a highly trafficked route (Rt 50).
- 3 large auto repair bays with lifts plus glass doors for bright, comfortable work space.
- Over 30 parking spots and off‑street parking with garage.
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
Lease Details
3
Service bays
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
656
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Auto shop - Commercially zoned auto repair facility with upstairs office, large work bays, and more than 30 parking spaces.
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: Zoned Central Business District commercial building on a highly trafficked route (Rt 50).; 3 large auto repair bays with lifts plus glass doors for bright, comfortable work space.; Over 30 parking spots and off‑street parking with garage.
