Auto Repair Shop For
For Sale
$2,800,000
81 W Hills Rd, Huntington Station, NY 11746
Automotive repair shop with parking on 0.83 acres.
Property Size5,300 SF
Lot Size0.83 Acres
Price / SF$528.30
Days on Market100
Property Features for 81 W Hills Rd
General Information
Standard status
Active
Size
5,300 SF
Lot size
0.83 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$24,454
Building Details
Building Size
5,300 SF
Listing Agency:
NetRealtyNow.com, LLC
(703) 581-8605
Listed By:
Thomas S. Hennerty · License #5092
(703) 581-8605
Source:
Elliman
Added: May 19
Changed: Aug 16
Last Checked: Aug 25 at 9:15AM
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 NetRealtyNow.com, LLC
Investment Insights
Based on property information with market context.
This property, constructed in 1973, is zoned for auto dealership and auto repair. The building has 5300 square feet of space and is equipped with gas heat. It is situated on a 0.83-acre lot and includes parking. The location has a walk score of 61, indicating it is somewhat walkable, and a bike score of 45, meaning it is somewhat bikeable.
Key Highlights
- Zoned for auto dealership and auto repair
- 5300 sq ft building offers ample space
- C6 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
$103,620
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
3.70%
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%
$2,072,400
$2.1M
Cap Rate 7%
$1,480,286
$1.5M
Cap Rate 9%
$1,151,333
$1.2M
Market Conditions
NOI Build-Up for 5,300 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
$159.0K $30.00/SF
− Vacancy
−$11.0K −$2.07/SF
EGI
$148.0K $27.93/SF
− OpEx
−$44.4K −$8.38/SF
NOI
$103.6K $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%
$2,072,400
Cap Rate 7%
$1,480,286
Cap Rate 9%
$1,151,333
Alternative Uses
Best Use
Retail
$1.48M
$1.30M – $1.73M
NOI $103,620 @ 7.0% cap · market cap 3.70%
Second Best
Industrial
$1.07M
$940.6K – $1.25M
NOI $75,248 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $113,024 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,141
Businesses Nearby
119k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 21%
Groceries 14%
Home Improvements & Furnishings 8%
King Kullen
Groceries
16,399 visits/mo
0.4 miles
Starbucks
Dining
15,852 visits/mo
0.5 miles
Wendy's
Dining
15,831 visits/mo
0.4 miles
Taco Bell
Dining
10,170 visits/mo
0.4 miles
Harbor Freight Tools
Home Improvements & Furnishings
8,733 visits/mo
0.4 miles
Demographics for 11746, NY
69,040
Population
22,528
Households
3.1
Avg Household Size
40
Median Age
50%
College-Educated
90%
High-School Grad
24.1 sq mi
ZIP Area
2,865
Density / Sq Mi
$158,309
Median Household Income
$66,581
Median Earnings
$1,907
Median Rent
$664,900
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.
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Frequently Asked Questions
What type of property is this?
Automotive property - Automotive repair shop with parking on 0.83 acres.
Where is this automotive property located?
The property is located at 81 W Hills Rd Huntington Station, NY.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Zoned for auto dealership and auto repair; 5300 sq ft building offers ample space; C6 zoning
