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Property profile & analytics
FOR LEASE
Auto shops
10880 Gowanda State Rd North Collins, NY 14111
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-1388910
For Lease
1 / 8
$10 SF/Yr
10880 Gowanda State Rd, North Collins, NY 14111
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Property summary
AI-generated overview
This exceptional 8,000-square-foot warehouse, located at 10880 Gowanda State Road in North Collins, NY (Erie County), presents a rare opportunity. The property, a single-tenant building, boasts a desirable location with convenient access via Halley Road. Constructed in 1988 and extensively renovated in 2022, this industrial space offers a modern and efficient layout. The warehouse features a substantial 24-foot ceiling height, ideal for high-volume storage and distribution operations. Recent improvements include a new roof, new flooring, and two new Reznor heaters, ensuring optimal climate control. Two brand new overhead electric doors, measuring 14x14 and 14x16 feet, provide easy access for loading and unloading. The property is currently vacant and ready for immediate occupancy, making it perfect for businesses seeking a turnkey solution for warehousing, distribution, or storage needs. The property's classification is Industrial, with subtypes of Warehouse, Distribution, and Storage. The zip code is 14111. This meticulously maintained warehouse offers a combination of functionality and modern amenities, making it an attractive investment in a prime location.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1988
Total area
11,820 SF
Lot
5.5 ac (239,580 SF)
APN
145889 285.00-5-16.2
UPID
US63-1388910
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Lauber Remodeling and Custom Woodwork Hardware & Home Improvement Interior Design
-
Amish Valley Sheds LLC Construction Company General Contractor
-
Speedy's Storage LLC Storage Facility
-
Dew Drop Plumbing General Contractor
-
Joe's Tire & Auto Center Inc Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$705k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$781k
Blend (final)
Blend
$725k
Owner & transaction history
Speedys Storage LLC · 4 yrs held
Speedys Storage LLC
since 2021
Last sale
$725,000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Collins submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Collins submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$695,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,190,000
Current use
COMMERCIAL (GENERAL)
$980,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $725k (Dec 10 2021)
Last sale anchor
$725k
Dec 10 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$61 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$372,200
Assessed 2023
Previous assessed
$325,000
+14.5% YoY
Assessed land
$26,300
Assessed improvement
$345,900
Land market value
$46,961
Improvement market value
$617,639
Total market value
$664,600
Applied tax rate
145,801.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Lease
Year built
1988
Heating
NONE
Buildings
1
Stories
1
Total area
11,820 SF
Lot
5.5 ac (239,580 SF)
APN
145889 285.00-5-16.2
UPID
US63-1388910
Jurisdiction
ERIE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$980,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Stories
1
Buildings
1
Lot
5.5 ac
Current owner
From public records · entity-resolved
Speedys Storage LLC
Entity
Mailing address
PO BOX 75, NORTH COLLINS, NY 14111-0075
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
$725,000
Speedys Storage LLC
K&j Enterprises LLC
Warranty Deed
$525,000 · K&j Enterprises LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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