Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turn-Key Gas Station Business Title is generated by Realmo AI

    279 S Little Tor Rd, New City, NY 10956

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Gas station with convenience store and bays for sale.

    Type:Retail
    Property size:
    2,155 SF
    Price / SF:
    $1,856/SF
    Added:
    Jan 9, 2020
    Days on Market:
    2324
    Last Refresh:
    May 19 at 8:39 pm

    Property Features for 279 S Little Tor Rd

    General Information

    Standard status
    Active
    Size
    2,155 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1965

    We can help!

    Listing Contact
    Bryan Lanza

    Listing agent Bryan Lanza License #NY 10401287317

    Listing office Christie's International Real Estate

    Listing date Jan 9, 2020

    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 Christie's International Real Estate

    HighLights

    • High traffic location
    • Turn‑key business
    • Four double‑sided pumps with high monthly volume (60K gallons)
    • C‑store with $40,000 monthly gross sales and expansion potential
    • Relatively new (2005) double wall fiberglass (DWF) gas tanks
    • Ample parking

    Overview

    This is a turn-key gas station business opportunity. The property features four double-sided pumps and dispenses approximately 60,000 gallons of fuel monthly. There are also three bays on the premises. The current lease expires in July 2020. There is no contract with any fuel provider. A canopy has been applied for, with an additional cost of $35,000 if delivered with the canopy. The convenience store generates approximately $40,000 in gross monthly sales and has the potential for expansion on DWF (Double Wall Fiberglass). The gas tanks, installed in 2005, consist of three tanks with capacities of 10,000, 10,000, and 8,000 gallons. Paperwork documenting past clean environmental records is available. The property provides ample parking and is situated in a high-traffic location. The building size is 2,155 square feet. The 2022 taxes were $17,666.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gulf Oil Gas ... Gas Station Duluc Auto Group Auto Repair Shop New City Auto ... Auto Repair Shop U-Haul Neighborhood Dealer Car Rental Facility Coinsource Bitcoin ATM Bank

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    New City
    County
    Rockland
    State
    New York
    Longitude
    -74.0026757
    Latitude
    41.1295091

    Nearby Similar for Sale

    • $1,299,000
      3,527 SF

      New City Commercial Space Available

      Commercial space in New City suitable for offices, care facilities.
      86 Maple Avenue, New City, NY 10956
      View Details
    • $1,195,000

      New City Office Investment

      Eleven office units in New City, New York's Main Street.
      60 S Main Street, New City, NY 10956
      View Details
    • $798,000
      2,980 SF

      Two-Story Office Building For Sale

      Freestanding office building in New City's commercial core.
      7 Stokum Ln, New City, NY 10956
      View Details
    • $749,000

      Commercial Building in Prime Location

      Freestanding commercial building in New City, NY with two spaces.
      96 Maple Avenue, New City, NY 10956
      View Details
    • $324,900
      3,500 SF

      Established Restaurant and Bar for Sale

      Turnkey restaurant/bar with patio, stage, and approved rooftop deck.
      191 S Main Street, New City, NY 10956
      View Details
    • $699,000

      Multi-Level Office Building Near Courthouse

      Professional office building near Rockland County services and Main Street.
      146 Maple Ave, New City, NY 10956
      View Details
    • $749,000

      Prime New City Investment Opportunity

      Freestanding commercial building with two spaces in New City.
      96 Maple Ave, New City, NY 10956
      View Details
    • $699,000

      Multi-Level Professional Office Building

      Standalone office building near Rockland County services and Main Street.
      146 Maple Avenue, New City, NY 10956
      View Details
    • $1,299,000
      3,527 SF

      Downtown Commercial Space For Sale

      Commercial space in downtown New City with development potential.
      86 Maple Avenue, New City, NY 10956
      View Details
    • $749,000

      Commercial Building in Prime Location

      Freestanding commercial building with two distinct spaces in New City.
      96 Maple Avenue, New City, NY 10956
      View Details
    • $1,299,000
      3,527 SF

      Downtown New City Commercial Space

      Commercial space in downtown New City with 25+ parking spaces.
      86 Maple Avenue, New City, NY 10956
      View Details
    • $80,000

      Established Skincare Business Opportunity

      Turnkey skincare and medical spa business for sale.
      125 S Main Street, New City, NY 10956
      View Details

    FAQs

    What type of property is this?
    Gas station - Gas station with convenience store and bays for sale.
    Where is this gas station located?
    The property is located at 279 S Little Tor Rd New City, NY.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: High traffic location; Turn‑key business; **Four double‑sided pumps with high monthly volume (60K gallons)**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bryan Lanza
    Real Estate License ID: NY 10401287317
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    279 S Little Tor Rd, New City, NY 10956
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!