Building Details

Year Renovated 2023

Buildings 1

Tenancy Single

Listing Agency: TD Commercial Group

Listed By: Carlos Alonso · License #FL SL3382569

Source: Crexi

Added: Sep 1 Changed: Sep 9 Last Checked: Sep 11 at 6:57AM

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Investment Insights

Based on property information with market context.

This single-tenant auto shop contains an approximately 10,681 SF collision-repair facility on 0.66 acre. Renovated in 2023 for Caliber Collision’s automotive operations, the property provides approximately 22 parking spaces serving customer vehicles, employee parking, and operational circulation. The occupant is Wand NewCo 3, Inc., operating as Caliber Collision.

The property is located at 10 Mill Street in Stewartstown, near the Pennsylvania-Maryland state line. Access is available via Mill Street/PA-851 and PA-24, with connectivity to I-83 between York and Baltimore. The absolute NNN lease has approximately 12 years remaining, includes 10% rent increases every five years, and provides two five-year renewal options. The next scheduled increase is October 2028.

Key Highlights

• Approximately 10,681 SF collision‑repair facility on 0.66 acre
• Renovated in 2023 for Caliber Collision’s automotive operations
• Approximately 22 parking spaces for customer vehicles, employees, and operational circulation

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

$127,448

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

5.40%

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%

$2,548,960 $2.5M

Cap Rate 7%

$1,820,686 $1.8M

Cap Rate 9%

$1,416,089 $1.4M

Market Conditions

NOI Build-Up for 10,681 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

$192.3K $18.00/SF

− Vacancy

−$10.2K −$0.95/SF

EGI

$182.1K $17.05/SF

− OpEx

−$54.6K −$5.11/SF

NOI

$127.4K $11.93/SF

Area

York County, PA

Vacancy

5.30%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

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%

$2,548,960

Cap Rate 7%

$1,820,686

Cap Rate 9%

$1,416,089

Alternative Uses

Best Use

Retail

$1.82M

$1.59M – $2.12M (±1% cap)

NOI $127,448 @ 7.0% cap · market cap 5.40%

Second Best

Industrial

$890.3K

$779.0K – $1.04M (±1% cap)

NOI $62,322 @ 7.0% cap · market cap 2.64%

Theoretical Best

Office A

$3.09M

$2.71M – $3.61M (±1% cap)

NOI $216,477 @ 7.0% cap · market cap 9.17%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Hair Salon Building Supply Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Single-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

275

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 17363, PA

9,122

Population

3,355

Households

2.7

Avg Household Size

47

Median Age

31%

College-Educated

95%

High-School Grad

36.9 sq mi

ZIP Area

247

Density / Sq Mi

$97,917

Median Household Income

$55,411

Median Earnings

$905

Median Rent

$307,500

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• BBBS Automotive LLC — 94B Cemetery Ave, Stewartstown, PA 17363
• Gordon's Inc — 9 Mill St, Stewartstown, PA 17363
• Caliber Collision — 10 Mill St, Stewartstown, PA 17363
• Hammond's Body Shop LLC — 14 Mill St, Stewartstown, PA 17363
• Southern Offroad Fabrication — 21 N Main St, Stewartstown, PA 17363

Frequently Asked Questions

What type of property is this?

Auto shop - Renovated in 2023 for collision-repair operations, the facility includes parking for customers, employees, and vehicle circulation.

Where is this auto shop located?

The property is located at 10 Mill Street Stewartstown, PA.

What is the asking price?

The asking price for this property is $2,361,500.

What are key features of this property?

This property features: Approximately 10,681 SF collision‑repair facility on 0.66 acre; Renovated in 2023 for Caliber Collision’s automotive operations; Approximately 22 parking spaces for customer vehicles, employees, and operational circulation