Auto Garage/Truck Terminal For
For Sale
Contact for pricing
4849 W Lake Rd, Dunkirk, NY 14048
Auto garage/truck terminal on 10 acres near Dunkirk and Fredonia.
Property Size8,000 SF
Lot Size10.00 Acres
Price / SF$93.75
Days on Market1526
Property Features for 4849 W Lake Rd
General Information
Standard status
Active
Size
8,000 SF
Class
C
Lot size
10.00 Acres
Property subtype
Retail
Zoning
Commercial
Building Details
Year Built
2000
Year Renovated
2018
Buildings
1
Stories
1
Units
1
Listing Agency:
Recckio Real Estate and Development
(716) 834-7777
Listed By:
Rick Recckio · License #NY 31RE0821429
Source:
Crexi
Added: Jun 6, 2022
Changed: Aug 8
Last Checked: Aug 8 at 4:25AM
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 Recckio Real Estate and Development
Investment Insights
Based on property information with market context.
This auto garage and truck terminal, situated between Dunkirk and Fredonia, is available for sale or lease. The property is located on Route 5, across from the Shorewood Country Club, and is centrally located between Downtown Dunkirk and Fredonia, providing easy access to both locations. It is also located minutes from the New York State Thruway I-90 and Route 20. The property sits on 10 acres, featuring a frontage of 418 feet and a depth of 1,408 feet, offering ample parking, land, and accessibility. There are two separate entrances into the lot, which includes a stone yard and 360-degree driving access around the building. The building is divided into office and warehouse spaces. The office space is approximately 1,000 square feet and includes two bathrooms, private offices, a breakroom, and access to the warehouse from the front and rear. The warehouse is a steel beam structure measuring 100 feet by 70 feet, featuring drive-thru bays and a total of five 14-foot by 14-foot overhead doors, with two bays offering drive-thru compatibility. The flooring consists of 6-inch thick concrete in the office space and 8-inch to 12-inch thick concrete in the warehouse. Heated floors provide a comfortable work environment. The warehouse is equipped with a locker room with laundry, showers, and bathrooms. The warehouse space had an oil-burning system for waste oil, multiple lifts, and a pit/trench. Additional storage space is located above the office area, supported by I-Floor Joists.
Key Highlights
- Ideal location between Dunkirk and Fredonia with easy access to NYS Thruway I‑90 and Route 20.
- 10 +/- acres with ample parking, land, and 360‑degree driving access.
- Warehouse with drive‑thru bays, multiple lifts, and a pit/trench for vehicle work.**
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
$60,080
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
8.01%
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%
$1,201,600
$1.2M
Cap Rate 7%
$858,286
$858.3K
Cap Rate 9%
$667,556
$667.6K
Market Conditions
NOI Build-Up for 8,000 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
$75.8K $9.48/SF
− Vacancy
−$5.2K −$0.64/SF
EGI
$70.7K $8.84/SF
− OpEx
−$10.6K −$1.33/SF
NOI
$60.1K $7.51/SF
Area
Chautauqua County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$1,201,600
Cap Rate 7%
$858,286
Cap Rate 9%
$667,556
Alternative Uses
Best Use
Retail
$1.40M
$1.23M – $1.64M
NOI $98,179 @ 7.0% cap · market cap 13.09%
Second Best
Warehouse
$858.3K
$751.0K – $1.00M
NOI $60,080 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$2.39M
$2.10M – $2.79M
NOI $167,616 @ 7.0% cap · market cap 22.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14048, NY
15,062
Population
7,506
Households
2
Avg Household Size
42
Median Age
18%
College-Educated
87%
High-School Grad
23.0 sq mi
ZIP Area
655
Density / Sq Mi
$52,971
Median Household Income
$34,200
Median Earnings
$905
Median Rent
$98,400
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Auto garage/truck terminal on 10 acres near Dunkirk and Fredonia.
Where is this automotive property located?
The property is located at 4849 W Lake Rd Dunkirk, NY.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Ideal location between Dunkirk and Fredonia with easy access to NYS Thruway I‑90 and Route 20.; 10 +/- acres with ample parking, land, and 360‑degree driving access.; Warehouse with drive‑thru bays, multiple lifts, and a pit/trench for vehicle work.**
