Turnkey Auto Body Repair
For Sale
$325,000
814 Broadway, Schenectady, NY 12305
Auto body repair shop with office, parking, and upgrades.
Property Size2,580 SF
Price / SF$125.97
Days on Market145
Property Features for 814 Broadway
General Information
Standard status
Active
Size
2,580 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,000
Amenities
Concrete Flooring
Flat Roof
Level
Paved
Private
Rubber Roof
Space Heater Heating
Building Details
Year Built
1955
Listing Agency:
HOWARD HANNA CAPITAL INC
(518) 489-1000
Listed By:
BRYAN GAUTIE · License #40GA1022410
(518) 424-5909
Source:
Corcoran
Added: Apr 14
Changed: Sep 4
Last Checked: Sep 4 at 8:38AM
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
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 = 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
$15,957
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
4.91%
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%
$319,140
$319.1K
Cap Rate 7%
$227,957
$228.0K
Cap Rate 9%
$177,300
$177.3K
Market Conditions
NOI Build-Up for 2,580 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
$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 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%
$319,140
Cap Rate 7%
$227,957
Cap Rate 9%
$177,300
Alternative Uses
Best Use
Retail
$444.9K
$389.3K – $519.1K
NOI $31,143 @ 7.0% cap · market cap 9.58%
Second Best
Industrial
$228.0K
$199.5K – $266.0K
NOI $15,957 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$772.2K
$675.7K – $900.9K
NOI $54,056 @ 7.0% cap · market cap 16.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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).
