Building Details

Year Built 1955

Buildings 1

Stories 1

Listing Agency: Howard Hanna Capital Inc

Listed By: Bryan Gautie · License #40GA1022410 Show Phone

Source: Capmarkrealty

Added: Apr 14 Changed: Oct 7 Last Checked: Oct 19 at 3:53AM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This is a turnkey auto body repair shop featuring 2 bays that are 4 cars deep, along with a 140 square foot office area and a new half bath. The property is located in a city location near major highways and businesses. It is zoned commercial zone 3. Off-street parking is available for approximately 9 vehicles. Newer upgrades have been made throughout the property. The property offers potential for office, light industrial, and warehouse or storage uses. The property size is 2580 square feet.

Key Highlights

• Turn‑key auto body repair shop with 2 bays (4‑car deep).
• Prime city location near major highways and businesses.
• Commercial Zone 3 allows for diverse business potential (auto body, office, light industrial, warehouse/storage).

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,957

Cap Rate

4.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$319,140 $319.1K

Cap Rate 7%

$227,957 $228.0K

Cap Rate 9%

$177,300 $177.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,580 SF

Gross rent

$24.5K $9.48/SF

− Vacancy

−$1.7K −$0.64/SF

EGI

$22.8K $8.84/SF

− OpEx

−$6.8K −$2.65/SF

NOI

$16.0K $6.18/SF

Area

Schenectady County, NY

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$319,140

Cap Rate 7%

$227,957

Cap Rate 9%

$177,300

Alternative Uses

Best Use

Retail

$444.9K

$389.3K – $519.1K (±1% cap)

NOI $31,143 @ 7.0% cap · market cap 9.58%

Second Best

Industrial

$228.0K

$199.5K – $266.0K (±1% cap)

NOI $15,957 @ 7.0% cap · market cap 4.91%

Theoretical Best

Office A

$772.2K

$675.7K – $900.9K (±1% cap)

NOI $54,056 @ 7.0% cap · market cap 16.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Dental Office Building Supply Big Box & Wholesale Store Pharmacy Auto Parts Store Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

531

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 12305, NY

6,085

Population

4,103

Households

1.5

Avg Household Size

37

Median Age

34%

College-Educated

88%

High-School Grad

1.5 sq mi

ZIP Area

4,057

Density / Sq Mi

$50,308

Median Household Income

$34,228

Median Earnings

$1,067

Median Rent

$162,500

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Similar Off Market Nearby

• Ampd Auto LLC — 2102 Guilderland Ave, Schenectady, NY 12306
• King's Royalty Garage, Inc. — 1137 Cutler St, Schenectady, NY 12303
• Walter's Auto Body — 1305 Crane St, Schenectady, NY 12303
• L & A Automotive — 2155 Broadway, Schenectady, NY 12306
• All World Repairs — 701 Genesee St, Schenectady, NY 12306

Frequently Asked Questions

What type of property is this?

Auto shop - Auto body repair shop with office, parking, and upgrades.

Where is this auto shop located?

The property is located at 814 Broadway Schenectady, NY.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Turn‑key auto body repair shop with **2 bays (4‑car deep)**.; Prime city location near major highways and businesses.; Commercial Zone 3 allows for diverse business potential (auto body, office, light industrial, warehouse/storage).