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    615 Natchez Street Mt Washington, PA 15211

    View on Map
    Pending
    $199,900

    Other - Mt Washington, PA

    Lot size:
    0.18 Acres
    Added:
    Dec 5, 2025
    Days on Market:
    117
    Last Refresh:
    Apr 1 at 6:06 pm

    Property Features for 615 Natchez Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C Gar
    Parking
    28
    Standard status
    Pending
    Lot size
    0.18 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    1036

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Greg Panza

    Listing agent Greg Panza License #RS319118

    Listing office COLDWELL BANKER REALTY 1630 Washington Rd, Suite 3, Pittsburgh, PA

    Listing date Dec 5, 2025

    MLS# 1732785 Listing URL

    Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Unique Automotive Garage in Mt. Washington

    This commercial garage, located in Mt Washington, PA, is a rare find in the 15211 area, featuring two automotive-use spaces. The upper level, previously occupied by a mechanic and PA inspection station, offers approximately 1,500 sq ft of space suitable for 6 to 8 vehicles. It includes a 7 ft garage door, heater, air compressor, sanitary sink, hot water heater, toilet, and a small office. High ceilings and natural light enhance the space. The lower level, generating income, provides about 1,200 sq ft with capacity for 4 to 5 vehicles. It is equipped with its own heat source, water hookup, toilet, and two garage doors, one approximately 6.5 ft tall and the other 7'8" tall, both 9 ft wide. Constructed with a stone foundation, brick, siding, and a canted roof, the property has historic charm. Once used as horse stables, it stands as a preserved piece of Pittsburgh’s past and one of the few remaining garage properties in the area. The property includes approximately 16 shared outdoor parking spaces and sits on a 0.18-acre lot. The zoning is C Gar.
    Location Intelligence

    Current Use by Public Records

    Dill Auto Services Auto Repair Shop

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Similar Places Nearby

    • Junkman Enterpises LLC — 315 Estella Ave, Pittsburgh, PA 15205
    • B & R Starters — 205 W Warrington Ave, Pittsburgh, PA 15210
    • Headturnerz Window Tinting — 92 Crane Ave Garage 4, Pittsburgh, PA 15226
    • Taggart Mobile mechanic — 201 Haberman Ave, Pittsburgh, PA 15210
    • Marlo's Quality Auto — 412 E Warrington Ave, Pittsburgh, PA 15210

    Location Insight

    • Map
    • Local Demand
    City
    Mt Washington
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -80.012865
    Latitude
    40.425958

    Nearby Similar for Sale

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      Mt. Washington Four-Unit Property

      Well-maintained four-unit property in Mt. Washington neighborhood.
      201 Amabell St, Mt Washington, PA 15211
      View Details
    • $499,000

      Mt. Washington Retail/Apartment Opportunity

      Three-story building with retail and apartment potential on corner lot.
      1325 Grandview Ave, Mt Washington, PA 15211
      View Details

    FAQs

    What type of property is this?
    Auto shop - Rare automotive-use commercial garage with income-generating lower level.
    Where is this auto shop located?
    The property is located at 615 Natchez Street Mt Washington, PA.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: Rare commercial garage property with 2 automotive‑use spaces in 15211.; Upper level: 1,500 sq ft, PA inspection station/repair shop ready, space for 6‑8 vehicles, 7 ft garage door, office.; Income‑generating lower level: 1,200 sq ft, space for 4‑5 vehicles, separate utilities, two garage doors.
    (412) 833-5405
    We can help!
    Listing Contact
    Greg Panza
    Real Estate License ID: RS319118
    Learn More
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    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
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