Three-Bay Auto Repair
For Sale
$379,000
885 Strong Street, Schenectady, NY 12307
Commercial Sale, Schenectady, NY
Property Size2,346 SF
Lot Size0.20 Acres
Price / SF$161.55
Days on Market48
Property Features for 885 Strong Street
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Corner Lot
High school district
000000
Directions
Corner of Craig St. and Strong St.
Standard status
Active
APN
421500 49.40-3-26
Size
2,346 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
6100
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Additional Structures
Workshop
Listing Agency:
Miranda Real Estate Group Inc
Listed By:
Ashley Rai
(518) 356-1701
Added: Aug 19
Changed: Sep 30
Last Checked: Oct 5 at 1:06AM
MLS# 11943065
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,346-square-foot automotive repair and auto body property was built in 1960 and includes three service bays, two commercial vehicle lifts, and layout space that may accommodate a third lift, subject to buyer verification. A 12-by-12-foot commercial door supports entry for larger vehicles, including vans, buses, and RVs. The shop also contains a professional-grade spray booth, commercial air-compressor system with multiple remote access points, wheel-balancing equipment, tire mounting and dismounting machinery, and additional shop equipment.
Approximately 35 parking spaces provide room for customer vehicles, employees, inventory, and ongoing operations. The property includes a 4-by-4 Jeep equipped with a heavy-duty 7-foot snowplow attachment. NYS inspection equipment is on site but not operational; any updates, licensing, and eligibility for future use require buyer verification. Public water and natural gas heat serve the property.
Approximately 35 parking spaces provide room for customer vehicles, employees, inventory, and ongoing operations. The property includes a 4-by-4 Jeep equipped with a heavy-duty 7-foot snowplow attachment. NYS inspection equipment is on site but not operational; any updates, licensing, and eligibility for future use require buyer verification. Public water and natural gas heat serve the property.
Key Highlights
- 2,346 SF automotive property on 0.2 acres
- Three service bays with two commercial‑grade vehicle lifts
- 12x12 commercial door for larger vehicles, vans, buses, and RVs
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
$28,318
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
7.47%
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%
$566,360
$566.4K
Cap Rate 7%
$404,543
$404.5K
Cap Rate 9%
$314,644
$314.6K
Market Conditions
NOI Build-Up for 2,346 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
$42.2K $18.00/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$40.5K $17.24/SF
− OpEx
−$12.1K −$5.17/SF
NOI
$28.3K $12.07/SF
Area
Schenectady County, NY
Vacancy
4.20%
Lease Rate
$18.00 /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%
$566,360
Cap Rate 7%
$404,543
Cap Rate 9%
$314,644
Alternative Uses
Best Use
Retail
$404.5K
$354.0K – $472.0K
NOI $28,318 @ 7.0% cap · market cap 7.47%
Second Best
Industrial
$207.3K
$181.4K – $241.8K
NOI $14,509 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$702.2K
$614.4K – $819.2K
NOI $49,153 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Service bays
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12307, NY
7,567
Population
3,491
Households
2.2
Avg Household Size
32
Median Age
14%
College-Educated
74%
High-School Grad
0.7 sq mi
ZIP Area
10,810
Density / Sq Mi
$33,191
Median Household Income
$28,878
Median Earnings
$1,110
Median Rent
$95,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Andex Auto Services Station — 1432 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
- Next Level Auto — 296 Altamont Ave, Schenectady, NY 12304
- Chrisler Automotive Group LLC. — 1170 Chrisler Ave, Schenectady, NY 12303
Frequently Asked Questions
What type of property is this?
Auto shop - Equipped automotive property with vehicle lifts, spray booth, shop machinery, and room for larger commercial vehicles.
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 $379,000.
What are key features of this property?
This property features: 2,346 SF automotive property on 0.2 acres; Three service bays with two commercial‑grade vehicle lifts; 12x12 commercial door for larger vehicles, vans, buses, and RVs
