Established Auto Shop Business
For Sale
Contact for pricing
21 Fred Haynes Blvd, Oswego, NY 13126
Well-equipped auto shop on 3.61 acres in Oswego, NY.
Property Size2,988 SF
Lot Size3.61 Acres
Price / SF$209.17
Days on Market1021
Property Features for 21 Fred Haynes Blvd
General Information
Standard status
Active
Size
2,988 SF
Lot size
3.61 Acres
Property subtype
Special Purpose
Building Details
Stories
1
Listing Agency:
CENTURY 21 Galloway Realty
Listed By:
William Galloway · License #NY
(315) 342-2111
Source:
Crexi
Added: Nov 18, 2023
Changed: Aug 13
Last Checked: Sep 2 at 7:43PM
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 CENTURY 21 Galloway Realty
Investment Insights
Based on property information with market context.
An established auto shop business is available for sale, presenting an excellent ownership opportunity. The business is situated in Oswego Town on a 3.61-acre parcel of land. The property features a newly constructed, meticulously designed metal building with 2,988 square feet of space. The sale includes all essential equipment needed for immediate business operations, providing a turnkey opportunity. Ample parking space is available for both customers and employees. The 3.61-acre parcel offers room for potential expansion or additional business ventures, allowing for flexibility and diversification.
Key Highlights
- Turnkey auto shop business with all essential equipment included.
- Newly constructed, purpose‑built 2,988 sq/ft metal building.
- Situated on a spacious 3.61‑acre parcel of land.
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
$28,854
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
4.62%
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%
$577,080
$577.1K
Cap Rate 7%
$412,200
$412.2K
Cap Rate 9%
$320,600
$320.6K
Market Conditions
NOI Build-Up for 2,988 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
$43.0K $14.40/SF
− Vacancy
−$1.8K −$0.60/SF
EGI
$41.2K $13.80/SF
− OpEx
−$12.4K −$4.14/SF
NOI
$28.9K $9.66/SF
Area
Oswego County, NY
Vacancy
4.20%
Lease Rate
$14.40 /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%
$577,080
Cap Rate 7%
$412,200
Cap Rate 9%
$320,600
Alternative Uses
Best Use
Retail
$412.2K
$360.7K – $480.9K
NOI $28,854 @ 7.0% cap · market cap 4.62%
Second Best
Industrial
$264.0K
$231.0K – $308.0K
NOI $18,480 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$596.0K
$521.5K – $695.3K
NOI $41,719 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 13126, NY
35,477
Population
15,668
Households
2.3
Avg Household Size
36
Median Age
29%
College-Educated
92%
High-School Grad
100.7 sq mi
ZIP Area
352
Density / Sq Mi
$63,590
Median Household Income
$30,469
Median Earnings
$992
Median Rent
$134,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Murphy's Automotive Solutions — Fred Haynes Blvd, Oswego, NY 13126
Frequently Asked Questions
What type of property is this?
Auto shop - Well-equipped auto shop on 3.61 acres in Oswego, NY.
Where is this auto shop located?
The property is located at 21 Fred Haynes Blvd Oswego, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Turnkey auto shop business with all essential equipment included.; Newly constructed, purpose‑built **2,988 sq/ft metal building**.; Situated on a spacious **3.61‑acre parcel of land**.
