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1901 Bellmore Ave North Bellmore, NY 11710-5639

OFF-MARKET Automotive properties Google Maps
1,296 SF 0.22 ac lot Built 1951
Entity Owned 19-yr Hold ~ Est. High Equity
Estimated value (blended)
$180k
Range $162k – $198k (±10%)
Property ID US63-1367256

Property summary

AI-generated overview

This exceptional 1,556 square foot auto shop, situated on a prominent 10,000 square foot corner lot in Bellmore, NY, presents a unique investment opportunity. Located on busy Bellmore Avenue at a signaled intersection with an estimated 18,000 vehicles passing daily, this property boasts unparalleled visibility and accessibility. The single-story, 1951-built building features two bays, an office, and ample storage space, currently operating at 100% occupancy. With 50 parking spaces and multiple curb cuts, the property is ideally suited for continued use as an auto repair or sales facility. The asking price is $1,240,000, translating to $797 per square foot and $130 per square foot for the land. The property can be delivered vacant. The seller is open to financing options for a qualified buyer. This established business has operated successfully at this location for approximately 15 years, offering a proven track record and immediate income potential. The property's size and location also present significant redevelopment potential for a variety of retail uses. This is a rare opportunity to acquire a high-traffic, well-established commercial property in a desirable location.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1951
Total area 1,296 SF
Lot 0.22 ac (9,570 SF)
APN 56-399-00-0755
UPID US63-1367256

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$180k

Owner & transaction history

since 2007
2 recorded transactions
2007
$625,000
2007
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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