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    Automotive Repair Facility For Sale Title is generated by Realmo AI

    885 Strong Street, Schenectady, NY 12307

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    Turn-key automotive repair facility with equipment and business assets.

    Type:Retail
    Property size:
    2,346 SF
    Price / SF:
    $198/SF
    Added:
    Feb 10, 2026
    Days on Market:
    97
    Last Refresh:
    Mar 16 at 1:41 pm

    Property Features for 885 Strong Street

    General Information

    Standard status
    Active
    Size
    2,346 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Zelfena Harripersaud

    Listing agent Zelfena Harripersaud License #NY 10401381512

    Listing office Coldwell Banker Prime Properties

    Listing date Feb 10, 2026

    Source Crexi

    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 Coldwell Banker Prime Properties

    HighLights

    • Turn‑key automotive repair facility including building, equipment, and business assets.
    • Three service bays with two installed vehicle lifts and space to add a third.
    • Includes all shop tools, toolboxes, and commercial air compressor system.
    • Professional spray booth suitable for auto body and paint work.
    • Tire mounting machine and wheel balancer included.
    • Includes a Jeep 4x4 with snow plow attachment.

    Overview

    This is a turn-key automotive repair facility for sale, including the building, equipment, and business assets. The property features three service bays, two of which have installed vehicle lifts, with space available to add a third lift. The sale includes all shop tools, toolboxes, and a commercial air compressor system. Additional improvements include a professional spray booth suitable for auto body and paint work. Equipment included in the sale includes a tire mounting machine and wheel balancer. There is an inspection machine on site that is currently not operational, but can be updated by the new owner. The sale also includes a Jeep 4x4 with a snow plow attachment. The property is located in Schenectady and has a size of 2346 square feet. This is an ideal opportunity for an owner-operator or established automotive business seeking a fully equipped facility with room for growth.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $314.6K
    NOI $28,318 @ 9.00% cap · cautious / downside scenario
    Moderate
    $404.5K
    NOI $28,318 @ 7.00% cap · market / base-case scenario
    Aggressive
    $566.4K
    NOI $28,318 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $42.2k $18.00
    − Vacancy −$1.8k −$0.76
    EGI $40.5k $17.24
    − OpEx −$12.1k −$5.17
    NOI $28.3k $12.07
    2,346 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $404.5K
    $354.0K – $472.0K (±1% cap)
    NOI $28,318 @ 7.0% cap · market cap 6.09%
    Second Best
    Industrial
    $207.3K
    $181.4K – $241.8K (±1% cap)
    NOI $14,509 @ 7.0% cap · market cap 3.12%
    Theoretical Best
    Office A
    $702.2K
    $614.4K – $819.2K (±1% cap)
    NOI $49,153 @ 7.0% cap · market cap 10.57%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strong Street Auto Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Chrisler Automotive Group LLC. — 1170 Chrisler Ave, Schenectady, NY 12303
    • King's Royalty Garage, Inc. — 1137 Cutler St, Schenectady, NY 12303
    • Walter's Auto Body — 1305 Crane St, Schenectady, NY 12303
    • Andex Auto Services Station — 1432 Chrisler Ave, Schenectady, NY 12303
    • Next Level Auto — 296 Altamont Ave, Schenectady, NY 12304

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.9387352
    Latitude
    42.8015796

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    FAQs

    What type of property is this?
    Auto shop - Turn-key automotive repair facility with equipment and business assets.
    Where is this auto shop located?
    The property is located at 885 Strong Street Schenectady, NY.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: Turn‑key automotive repair facility including building, equipment, and business assets.; Three service bays with two installed vehicle lifts and space to add a third.; Includes all shop tools, toolboxes, and commercial air compressor system.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Zelfena Harripersaud
    Real Estate License ID: NY 10401381512
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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