Freestanding Auto Shop with
For Sale
$859,000
Pending
793 Main Street, Farmingdale, NY 11735
Commercial Sale, Farmingdale, NY
Property Size1,980 SF
Lot Size0.22 Acres
Days on Market223
Property Features for 793 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Driveway
Fencing
Fenced
Lot features
Near Public Transit
Directions
Fulton St, right on Main St, 1/4 mile on left, corner of Main St and Staples St.
Standard status
Pending
APN
2489-49-157-00-0024-0
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
23074
Utilities
Sewer type
Public Sewer
Heating system
Oil, Hot Water(Heating)
Water source
Public
Amenities
large open area
half bath
rear extension with storage
oil heat
200-amp electric
Building Details
Year built
1952
Number of units
3
Flooring type
Concrete
Building materials
Block
Listing Agency:
Coldwell Banker American Homes · Coldwell Banker Real Estate
Listed By:
Lawrence J. Theodore
(516) 293-2323
Added: Feb 9
Changed: Sep 16
Last Checked: Sep 20 at 7:06PM
MLS# 960016
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 freestanding block commercial building was built in 1952 and is currently configured for mechanic and repair work alongside a barbershop. The property includes an open interior area, two large garage bays, a rear storage extension, and a half bath. Concrete flooring, oil heat with hot-water heating, 200-amp electric service, and driveway parking are in place.
Positioned at the triangle corner of Main St and Staples St in Farmingdale, the property offers frontage on a corner setting with parking at the front, rear, and side. The site totals 9,539 sq ft and is fenced, with public water and public sewer. GB zoning identifies the property as General Business and supports multiple uses as stated in the property information.
Positioned at the triangle corner of Main St and Staples St in Farmingdale, the property offers frontage on a corner setting with parking at the front, rear, and side. The site totals 9,539 sq ft and is fenced, with public water and public sewer. GB zoning identifies the property as General Business and supports multiple uses as stated in the property information.
Key Highlights
- Triangle‑corner position at Main St and Staples St
- 9,539 sq ft total lot area
- GB (General Business) zoning
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
$39,210
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
4.56%
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%
$784,200
$784.2K
Cap Rate 7%
$560,143
$560.1K
Cap Rate 9%
$435,667
$435.7K
Market Conditions
NOI Build-Up for 1,980 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
$59.4K $30.00/SF
− Vacancy
−$3.4K −$1.71/SF
EGI
$56.0K $28.29/SF
− OpEx
−$16.8K −$8.49/SF
NOI
$39.2K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
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%
$784,200
Cap Rate 7%
$560,143
Cap Rate 9%
$435,667
Alternative Uses
Best Use
Retail
$560.1K
$490.1K – $653.5K
NOI $39,210 @ 7.0% cap · market cap 4.56%
Second Best
Industrial
$404.8K
$354.2K – $472.3K
NOI $28,336 @ 7.0% cap · market cap 3.30%
Theoretical Best
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,639 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Service bays
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
73k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Groceries 49%
Stop & Shop
Groceries
35,739 visits/mo
0.4 miles
Shell
Shops & Services
14,325 visits/mo
0.3 miles
7-Eleven
Shops & Services
8,503 visits/mo
0.5 miles
7-Eleven
Shops & Services
6,959 visits/mo
0.5 miles
BP
Shops & Services
5,556 visits/mo
0.5 miles
Demographics for 11735, NY
32,989
Population
11,435
Households
2.9
Avg Household Size
42
Median Age
45%
College-Educated
92%
High-School Grad
10.7 sq mi
ZIP Area
3,083
Density / Sq Mi
$146,190
Median Household Income
$64,273
Median Earnings
$2,285
Median Rent
$572,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Auto shop - GB-zoned commercial building with mechanic/repair operations, a barbershop, open workspace, parking, and public utilities.
Where is this auto shop located?
The property is located at 793 Main Street Farmingdale, NY.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Triangle‑corner position at Main St and Staples St; 9,539 sq ft total lot area; GB (General Business) zoning
