Waterfront Auto Repair
For Sale
Contact for pricing
69 Pelham Rd, New Rochelle, NY 10805
Auto repair shop with waterfront views for sale.
Property Size5,662 SF
Price / SF$326.74
Days on Market1031
Property Features for 69 Pelham Rd
General Information
Standard status
Active
Size
5,662 SF
Property subtype
Mixed Use
Zoning
NB
Occupancy
100%
Listing Agency:
Houlihan Lawrence
Listed By:
Darren Gordon · License #NY
(917) 596-4789
Source:
Crexi
Added: Nov 8, 2023
Changed: Aug 16
Last Checked: Sep 3 at 11:30AM
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 Houlihan Lawrence
Investment Insights
Based on property information with market context.
This property is an auto repair shop with waterfront views. The property is suitable for auto shops, automotive properties, retail properties, waterfront land, land, and general commercial real estate. The property size is 5662 square feet.
Key Highlights
- Auto repair business included, a fantastic opportunity for entrepreneurs.
- Enjoy a waterfront view, adding tranquility and value.
- Property details available upon request.
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
$119,720
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
6.47%
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%
$2,394,400
$2.4M
Cap Rate 7%
$1,710,286
$1.7M
Cap Rate 9%
$1,330,222
$1.3M
Market Conditions
NOI Build-Up for 5,662 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
$197.0K $34.80/SF
− Vacancy
−$26.0K −$4.59/SF
EGI
$171.0K $30.21/SF
− OpEx
−$51.3K −$9.06/SF
NOI
$119.7K $21.14/SF
Area
Westchester County, NY
Vacancy
13.20%
Lease Rate
$34.80 /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%
$2,394,400
Cap Rate 7%
$1,710,286
Cap Rate 9%
$1,330,222
Alternative Uses
Best Use
Retail
$1.71M
$1.50M – $2.00M
NOI $119,720 @ 7.0% cap · market cap 6.47%
Second Best
Industrial
$1.15M
$1.00M – $1.34M
NOI $80,387 @ 7.0% cap · market cap 4.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,887
Businesses Nearby
126k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 24%
Apparel 3%
Hotels & Casinos 3%
McDonald's
Dining
38,369 visits/mo
0.4 miles
Taco Bell
Dining
15,669 visits/mo
0.4 miles
Starbucks
Dining
13,566 visits/mo
0.4 miles
Sunoco
Shops & Services
13,442 visits/mo
0.4 miles
Dunkin' Donuts
Dining
10,959 visits/mo
0.1 miles
Demographics for 10805, NY
18,479
Population
8,731
Households
2.1
Avg Household Size
44
Median Age
35%
College-Educated
82%
High-School Grad
1.7 sq mi
ZIP Area
10,870
Density / Sq Mi
$89,964
Median Household Income
$53,513
Median Earnings
$2,018
Median Rent
$338,100
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
- PREMCO, Inc. — 11 Beechwood Ave, New Rochelle, NY 10801
- Rob's Auto Body — 719 Main St, New Rochelle, NY 10801
- AMJ Customs Collision Inc — 19 Beechwood Ave, New Rochelle, NY 10801
- New Rochelle Truck Repairs — 12 Beechwood Ave, New Rochelle, NY 10801
- Starry Night New York — 76 North Ave, New Rochelle, NY 10801
Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair shop with waterfront views for sale.
Where is this auto shop located?
The property is located at 69 Pelham Rd New Rochelle, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Auto repair business included, a fantastic opportunity for entrepreneurs.; Enjoy a waterfront view, adding tranquility and value.; Property details available upon request.
