Property profile

26 Morris St New Rochelle, NY 10801

OFF-MARKET
Auto shops
Property ID
US63-0449472
0.15 ac lot
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a newly renovated, 6,500 square foot auto body and repair shop located at 26 Morris St, New Rochelle, NY 10801, in Westchester County. The property boasts a 3,000 square foot auto shop space, ideally suited for a variety of automotive businesses. Key features include a large spray booth, two lifts, and one frame lift, ensuring efficient and comprehensive vehicle repair capabilities. The shop benefits from a recently installed Modine heater and a new roof, minimizing maintenance concerns. A 500 square foot office space complements the shop, featuring a newly renovated customer waiting area, a private office, and a bathroom with a shower. The property also includes climate control (heating and air conditioning). The expansive 3,000 square foot gated lot provides ample parking and storage space. The property is currently vacant, offering immediate occupancy for a new tenant. The asking price is $1,725,000, translating to $575 per square foot. 2022 property taxes were $13,429. This is a turnkey operation ready for immediate use, representing a strong return on investment in a desirable location. The gross lease structure simplifies management and ensures a predictable income stream. This single-tenancy property offers a straightforward and efficient investment strategy.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Lot 0.15 ac (6,534 SF)
APN 551000 4-1216-0056
UPID US63-0449472

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
  • Auto Repair Shop
  • Auto Repair Shop

Location

26 Morris St New Rochelle, NY 10801-4055
New Rochelle metro Census 6302 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.30M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.30M

Owner & transaction history

since 2024
Last sale
$1.3M
4 recorded transactions
2024
$1.3M
2020
$750,000
2020
Price N/A
1969
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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