Auto Repair Business and Real
For Sale
Contact for pricing
10405 W Main St, North East, PA 16428
Established auto repair business with real estate for sale.
Property Size2,742 SF
Lot Size2.00 Acres
Price / SF$327.86
Days on Market210
Property Features for 10405 W Main St
General Information
Standard status
Active
Size
2,742 SF
Lot size
2.00 Acres
Property subtype
Business for Sale, Retail
Zoning
B-1
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
1988
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Keller Williams Realty Erie
(610) 967-0538
Listed By:
Jim Barbour · License #PA RM426122
Source:
Crexi
Added: Jan 25
Changed: Aug 8
Last Checked: Aug 22 at 1:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Erie
Investment Insights
Based on property information with market context.
This offering presents the opportunity to acquire an established auto repair business with approximately two acres of commercially zoned real estate situated on a high-traffic corridor. The business has a long operating history and a strong reputation, with gross revenues exceeding $1,000,000 annually. The operation is turn-key and suited for an owner-operator, a strategic buyer, or an investor seeking cash flow with a manager in place. Day-to-day operations are supported by long-tenured employees and documented operating systems. The current owner is preparing for retirement and is committed to assisting with a structured transition. The physical plant includes a functional service facility with three high-bay doors, one of which is oversized and capable of accommodating larger vehicles and light commercial units. The site configuration and acreage provide flexibility, allowing for expansion of bays, additional service offerings, fleet and municipal accounts, or complementary automotive and light industrial uses. The underlying real estate presents long-term optionality. Flexible zoning supports a broad range of permitted uses, including continued automotive operations, added services, or future redevelopment. The service facility measures 2742 square feet. Buyers benefit from a profitable going concern and a strategically located real estate asset. This offering is appropriate for qualified buyers who understand the value of acquiring a stabilized business with proven cash flow, experienced staff, and real estate control in a high-visibility location.
Key Highlights
- High‑performing auto repair business with over $1,000,000 in annual gross revenues and solid margins.
- Approximately two acres of commercially zoned real estate on a high‑traffic corridor.
- Turn‑key operation with stable, long‑tenured employees and documented operating systems.
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
$30,922
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
3.44%
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%
$618,440
$618.4K
Cap Rate 7%
$441,743
$441.7K
Cap Rate 9%
$343,578
$343.6K
Market Conditions
NOI Build-Up for 2,742 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
$49.4K $18.00/SF
− Vacancy
−$5.2K −$1.89/SF
EGI
$44.2K $16.11/SF
− OpEx
−$13.3K −$4.83/SF
NOI
$30.9K $11.28/SF
Area
Erie County, PA
Vacancy
10.50%
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%
$618,440
Cap Rate 7%
$441,743
Cap Rate 9%
$343,578
Alternative Uses
Best Use
Retail
$441.7K
$386.5K – $515.4K
NOI $30,922 @ 7.0% cap · market cap 3.44%
Second Best
Industrial
$242.3K
$212.0K – $282.7K
NOI $16,959 @ 7.0% cap · market cap 1.89%
Theoretical Best
Office A
$680.3K
$595.2K – $793.7K
NOI $47,619 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Kwik Fill
Shops & Services
2,999 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
1,159 visits/mo
0.5 miles
Demographics for 16428, PA
12,524
Population
5,576
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
92%
High-School Grad
73.6 sq mi
ZIP Area
170
Density / Sq Mi
$77,103
Median Household Income
$40,625
Median Earnings
$758
Median Rent
$188,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Prep Shop — 21 Mechanic Alley, North East, PA 16428
- Behren's Auto Repair — 45 1/2 E Main St, North East, PA 16428
- Northeast Quick Lube & Wash — 66 S Washington St, North East, PA 16428
- Vine Street Auto — 24 Vine St, North East, PA 16428
- Rotundas Service — 54 S Lake St, North East, PA 16428
Frequently Asked Questions
What type of property is this?
Auto shop - Established auto repair business with real estate for sale.
Where is this auto shop located?
The property is located at 10405 W Main St North East, PA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: High‑performing auto repair business with over $1,000,000 in annual gross revenues and solid margins.; Approximately two acres of commercially zoned real estate on a high‑traffic corridor.; Turn‑key operation with stable, long‑tenured employees and documented operating systems.
