Two-Bay Automotive Service
For Sale
$315,000
109 Old York Rd, New Cumberland, PA 17070
Brick-and-block service building with drive-in access, paved area, and COMMERCIAL zoning on Old York Road.
Property Size1,214 SF
Lot Size1.08 Acres
Price / SF$259.47
Days on Market30
Property Features for 109 Old York Rd
General Information
Standard status
Active
Size
1,214 SF
Lot size
1.08 Acres
Zoning
COMMERCIAL
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Asking Price
$349,900
Service Bays
2
Building Details
Year Built
1972
Buildings
1
Construction
brick/block
Listing Agency:
Coldwell Banker Realty
(717) 608-2346
Listed By:
Keith Byron Lucas · License #RS349341
Source:
Kableteam
Added: Jul 30
Changed: Aug 28
Last Checked: Aug 28 at 1:06PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This automotive service property includes a 1,214-square-foot brick-and-block building with a two-bay repair garage and two drive-in doors. The site is currently configured for automotive service and includes forced-air heating with 90% efficiency, along with rubber and shingle roofing. Public water and public sewer serve the property.
Set on 1.08 acres along Old York Road in New Cumberland, the property provides paved outdoor area and 15+ parking spaces. Its prior use as a gas station leaves a layout that may support future fueling or convenience-store conversion, subject to applicable approvals. COMMERCIAL zoning and the existing site configuration also accommodate consideration of quick-service retail, professional office, specialized trade operations, fleet management, or equipment rental uses as supported by the source information.
Set on 1.08 acres along Old York Road in New Cumberland, the property provides paved outdoor area and 15+ parking spaces. Its prior use as a gas station leaves a layout that may support future fueling or convenience-store conversion, subject to applicable approvals. COMMERCIAL zoning and the existing site configuration also accommodate consideration of quick-service retail, professional office, specialized trade operations, fleet management, or equipment rental uses as supported by the source information.
Key Highlights
- 1.08‑acre commercial site on Old York Road in New Cumberland, PA
- 1,214 Sq. Ft. brick/block building constructed in 1972
- Two‑bay auto repair garage with two drive‑in doors
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
$12,521
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
3.97%
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%
$250,420
$250.4K
Cap Rate 7%
$178,871
$178.9K
Cap Rate 9%
$139,122
$139.1K
Market Conditions
NOI Build-Up for 1,214 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
$17.5K $14.40/SF
− Vacancy
−$787 −$0.65/SF
EGI
$16.7K $13.75/SF
− OpEx
−$4.2K −$3.44/SF
NOI
$12.5K $10.31/SF
Area
Cumberland County, PA
Vacancy
4.50%
Lease Rate
$14.40 /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%
$250,420
Cap Rate 7%
$178,871
Cap Rate 9%
$139,122
Alternative Uses
Best Use
Specialty Retail
$178.9K
$156.5K – $208.7K
NOI $12,521 @ 7.0% cap · market cap 3.97%
Second Best
Retail
$166.9K
$146.1K – $194.8K
NOI $11,686 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$282.0K
$246.8K – $329.0K
NOI $19,740 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
69k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 60%
Shops & Services 36%
Dining 4%
Beauty & Spa 1%
Giant Food Store
Groceries
32,918 visits/mo
0.1 miles
Grocery Outlet Bargain Market
Groceries
8,125 visits/mo
0.2 miles
Dollar Tree
Shops & Services
7,228 visits/mo
0.2 miles
Giant Gasoline
Shops & Services
6,724 visits/mo
0.1 miles
Dollar General
Shops & Services
5,572 visits/mo
0.4 miles
Demographics for 17070, PA
16,359
Population
7,487
Households
2.2
Avg Household Size
43
Median Age
36%
College-Educated
94%
High-School Grad
14.6 sq mi
ZIP Area
1,120
Density / Sq Mi
$91,100
Median Household Income
$52,207
Median Earnings
$1,046
Median Rent
$240,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Powers' Auto Repair — 53 Springers Ln, New Cumberland, PA 17070
- Team One Auto Group — 102 Lewisberry Rd, New Cumberland, PA 17070
- BSD Mobile Windshield Repair of New Cumberland — 1 Lewisberry Rd, New Cumberland, PA 17070
- Safe Choice Auto — 104 Lewisberry Rd, New Cumberland, PA 17070
- Snyder's Automotive — 109 Old York Rd, New Cumberland, PA 17070
Frequently Asked Questions
What type of property is this?
Auto shop - Brick-and-block service building with drive-in access, paved area, and COMMERCIAL zoning on Old York Road.
Where is this auto shop located?
The property is located at 109 Old York Rd New Cumberland, PA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1.08‑acre commercial site on Old York Road in New Cumberland, PA; 1,214 Sq. Ft. brick/block building constructed in 1972; Two‑bay auto repair garage with two drive‑in doors
