Automotive Shop with Live-Work
For Sale
$179,900
9709 STATION Road, Erie, PA 16510
CommercialSale, Erie, PA
Property Size980 SF
Lot Size2.76 Acres
Price / SF$183.57
Days on Market54
Property Features for 9709 STATION Road
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
Wattsburg
Middle school district
Wattsburg
High school district
Wattsburg
Directions
I-90 East to Exit 35 (Route 8/Wattsburg). North on Route 8, Right onto Route 430 East (Station Rd.), property is on the left at 9709 Station Rd.
Subdivision
14 - NE Boro & Twp/Greenfield
Standard status
Active
APN
26-009-026.0-001.08
Size
980 SF
Lot size
2.76 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2398
Expense value
3000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Private Sewer
Heating system
Natural Gas
Water source
Well
Building Details
Year built
1980
Building materials
Block
Listing Agency:
Coldwell Banker Select - Peach · Coldwell Banker Real Estate
(814) 453-4578
Listed By:
Carson Chesley · License #RS355155
(814) 873-8144
Added: Jul 15
Changed: Sep 4
Last Checked: Sep 6 at 2:06AM
MLS# 192070
Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercially zoned automotive property includes two garages, with one fitted with a vehicle lift and the other providing space for tools, equipment, or vehicles. The site also includes a 3-bedroom, 1-bath single-wide home that can support on-site living or office use. The property size is 980 square feet, with block construction, natural gas heating, and a 1980 build year.
Set on 2.76 acres at 9709 Station Road in Erie, the property is positioned along a main route into Erie. A well provides water, private sewer service is in place, and two septic systems are already installed. The site’s commercial zoning and existing improvements support automotive operations with additional property area for future expansion or development.
Set on 2.76 acres at 9709 Station Road in Erie, the property is positioned along a main route into Erie. A well provides water, private sewer service is in place, and two septic systems are already installed. The site’s commercial zoning and existing improvements support automotive operations with additional property area for future expansion or development.
Key Highlights
- 2.76‑acre commercially zoned property at 9709 Station Road
- Two garages, including one equipped with a vehicle lift
- 3‑bedroom, 1‑bath single‑wide home for living or office use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,834
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$256,680
$256.7K
Cap Rate 7%
$183,343
$183.3K
Cap Rate 9%
$142,600
$142.6K
Market Conditions
NOI Build-Up for 980 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.1K $22.56/SF
− Vacancy
−$5.0K −$5.10/SF
EGI
$17.1K $17.46/SF
− OpEx
−$4.3K −$4.37/SF
NOI
$12.8K $13.10/SF
Area
Erie County, PA
Vacancy
22.60%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$256,680
Cap Rate 7%
$183,343
Cap Rate 9%
$142,600
Alternative Uses
Best Use
Office B
$183.3K
$160.4K – $213.9K
NOI $12,834 @ 7.0% cap · market cap 7.13%
Second Best
Retail
$157.9K
$138.1K – $184.2K
NOI $11,051 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$243.1K
$212.7K – $283.7K
NOI $17,019 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 16510, PA
24,515
Population
10,354
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
33.0 sq mi
ZIP Area
743
Density / Sq Mi
$64,938
Median Household Income
$40,064
Median Earnings
$796
Median Rent
$158,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- TK's Auto Service and Repair — 9191 Dougan Rd, North East, PA 16428
- Station Road Auto Repair — 9705 Station Rd, Erie, PA 16510
- Erie Auto Service — 9705 Station Rd, Erie, PA 16510
Frequently Asked Questions
What type of property is this?
Auto shop - Commercially zoned property with multiple garages, a vehicle lift, and on-site residential or office space.
Where is this auto shop located?
The property is located at 9709 STATION Road Erie, PA.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 2.76‑acre commercially zoned property at 9709 Station Road; Two garages, including one equipped with a vehicle lift; 3‑bedroom, 1‑bath single‑wide home for living or office use
