Auto Repair
For Sale
Contact for pricing
Pending
793 Main Street, Farmingdale, NY 11735
The property includes a repair-shop building with General Business zoning.
Property Size1,440 SF
Lot Size0.22 Acres
Days on Market209
Property Features for 793 Main Street
General Information
Standard status
Pending
Size
1,440 SF
Lot size
0.22 Acres
Property subtype
Mixed Use
Zoning
General Business
Additional Details
Road Access
Yes
Building Details
Year Built
1952
Buildings
1
Units
3
Listing Agency:
CENTURY 21 American Homes Farmingdale
Listed By:
Larry Theodore · License #NY
Source:
Crexi
Added: Feb 11
Changed: Sep 6
Last Checked: Sep 5 at 8:47PM
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 CENTURY 21 American Homes Farmingdale
Investment Insights
Based on property information with market context.
This auto shop property includes a 1,440-square-foot building situated on a 9,539-square-foot parcel. The existing improvement is identified as a repair shop and is zoned General Business.
Located at 793 Main St in Farmingdale, New York, the property offers a commercial setting for an automotive repair operation. The site combines an established repair-shop building with additional land area within a General Business zoning designation.
Located at 793 Main St in Farmingdale, New York, the property offers a commercial setting for an automotive repair operation. The site combines an established repair-shop building with additional land area within a General Business zoning designation.
Key Highlights
- 1.440 Sq Ft repair‑shop building
- 9,539 Sq Ft property
- 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
$28,516
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
3.32%
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%
$570,320
$570.3K
Cap Rate 7%
$407,371
$407.4K
Cap Rate 9%
$316,844
$316.8K
Market Conditions
NOI Build-Up for 1,440 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
$43.2K $30.00/SF
− Vacancy
−$2.5K −$1.71/SF
EGI
$40.7K $28.29/SF
− OpEx
−$12.2K −$8.49/SF
NOI
$28.5K $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%
$570,320
Cap Rate 7%
$407,371
Cap Rate 9%
$316,844
Alternative Uses
Best Use
Retail
$407.4K
$356.5K – $475.3K
NOI $28,516 @ 7.0% cap · market cap 3.32%
Second Best
Industrial
$294.4K
$257.6K – $343.5K
NOI $20,608 @ 7.0% cap · market cap 2.40%
Theoretical Best
Specialty Retail
$952.1K
$833.1K – $1.11M
NOI $66,647 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
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
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
- Safelite AutoGlass — 45 Broadhollow Rd, Farmingdale, NY 11735
- United Discount Auto, mobile car mechanic — 32 1st Ave, Farmingdale, NY 11735
- Tuning Technology Motorsports, LLC — 200 Broadhollow Rd #6, Farmingdale, NY 11735
- Dolce Design New York — 200 Broadhollow Rd, Farmingdale, NY 11735
- Mavis Discount Tire — 141 Broadhollow Rd, Farmingdale, NY 11735
Frequently Asked Questions
What type of property is this?
Auto shop - The property includes a repair-shop building with General Business zoning.
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: 1.440 Sq Ft repair‑shop building; 9,539 Sq Ft property; General Business zoning
