Building Details

Year Built 1950

Listing Agency: Berkshire Hathaway HomeServices Homesale Realty b***@thesoldteam.com Show Phone

Listed By: Robert V Argento · License #RS173754L

Source: Elkaimpropertygroup

Added: Aug 17 Changed: Aug 28 Last Checked: Aug 28 at 12:47PM

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Investment Insights

Based on property information with market context.

This 2,730-square-foot commercial property was built in 1950 and is currently configured as an automotive service garage. The building includes three garage bays, multiple storage rooms, and a walk-up attic containing the furnace. An additional attic room has plumbing for a bathroom, adding practical flexibility to the existing layout.

The site includes 21 on-site parking spaces and is zoned Mixed Use. Its configuration supports automotive service and repair operations, while the storage areas provide room for tools, supplies, and inventory. The property may also accommodate other light commercial applications permitted under the zoning designation.

Key Highlights

• Three garage bays support automotive service and repair operations
• 2,730 square feet of commercial building area
• 21 on‑site parking spaces

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

$32,575

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

4.76%

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%

$651,500 $651.5K

Cap Rate 7%

$465,357 $465.4K

Cap Rate 9%

$361,944 $361.9K

Market Conditions

NOI Build-Up for 2,730 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

$49.1K $18.00/SF

− Vacancy

−$2.6K −$0.95/SF

EGI

$46.5K $17.05/SF

− OpEx

−$14.0K −$5.11/SF

NOI

$32.6K $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%

$651,500

Cap Rate 7%

$465,357

Cap Rate 9%

$361,944

Alternative Uses

Best Use

Retail

$465.4K

$407.2K – $542.9K (±1% cap)

NOI $32,575 @ 7.0% cap · market cap 4.76%

Second Best

Industrial

$227.6K

$199.1K – $265.5K (±1% cap)

NOI $15,929 @ 7.0% cap · market cap 2.33%

Theoretical Best

Office A

$790.4K

$691.6K – $922.2K (±1% cap)

NOI $55,330 @ 7.0% cap · market cap 8.08%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Jan's Auto Service Auto Repair Shop Metro by T-Mobile Mobile Phone Store Winsome Carpet Installation General Contractor York Cash Homebuyers Real Estate Agency

Suggested Use

Top Pick Skin Care Clinic (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store Wine and Liquor Store Pet Store & Service

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

3

Service bays

Location Intelligence

Trade Area within ½ mile

2,702

Businesses Nearby

59k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 47% Groceries 22% Shops & Services 17% Apparel 12%

McDonald's Dining

21,613 visits/mo 0.2 miles

C-Town Supermarkets Groceries

13,146 visits/mo 0.2 miles

Family Dollar Shops & Services

4,675 visits/mo 0.2 miles

Krispy Krunchy Chicken Dining

3,599 visits/mo 0.2 miles

Citi Trends Apparel

3,507 visits/mo 0.2 miles

Demographics for 17406, PA

23,700

Population

9,357

Households

2.5

Avg Household Size

42

Median Age

28%

College-Educated

92%

High-School Grad

48.9 sq mi

ZIP Area

485

Density / Sq Mi

$85,183

Median Household Income

$46,427

Median Earnings

$1,362

Median Rent

$218,000

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?

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Similar Off Market Nearby

• Backyard Tuning — 710 McKenzie St, York, PA 17401
• Meineke Car Care Center — 855 S Queen St, York, PA 17403
• Baez Auto Repair — 527 W Newton Ave, York, PA 17401
• Williams Mobile Auto Repair — 315 S Newberry St, York, PA 17403
• Lalo.s babby garege — 736 S Pine St, York, PA 17403

Frequently Asked Questions

What type of property is this?

Auto shop - Well-maintained service garage with flexible space, on-site parking, storage areas, and Mixed Use zoning.

Where is this auto shop located?

The property is located at 120 E Market Hellam, PA.

What is the asking price?

The asking price for this property is $685,000.

What are key features of this property?

This property features: Three garage bays support automotive service and repair operations; 2,730 square feet of commercial building area; 21 on‑site parking spaces