Automotive Garage with Overhead
For Sale
Contact for pricing
1235 Evergreen, Pittsburgh, PA 15209
Automotive garage offers three 12 -0 overhead doors, a small storage mezzanine, and a 7 -6 additional overhead door plus restroom.
Property Size2,400 SF
Price / SF$260.42
Days on Market100
Property Features for 1235 Evergreen
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
4
Amenities
restroom
storage mezzanine
Listing Agency:
Berkshire Hathaway The Preferred Realty
Listed By:
Sharon Scheidemantle · License #PA AB065471
(412) 367-8000
Source:
Crexi
Added: May 29
Changed: Aug 8
Last Checked: Sep 5 at 12:15PM
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 Berkshire Hathaway The Preferred Realty
Investment Insights
Based on property information with market context.
Approximately 2,400 SF automotive garage on two parcels, with one parcel in Millvale and the other in Shaler. The property includes three 12 -0 overhead doors, a small storage mezzanine, and a ceiling height ranging from 13 to 14 feet. There is also an additional 7 -6 overhead door and a restroom.
Offered for sale as a flexible site for other uses, with the option for prominent signage to be added (subject to applicable approvals). Taxes are paid to both municipalities due to the property spanning two jurisdictions.
Designed for vehicle and light storage operations, the building’s overhead door configuration supports straightforward access for bays, warehousing, or similar service-oriented uses.
Offered for sale as a flexible site for other uses, with the option for prominent signage to be added (subject to applicable approvals). Taxes are paid to both municipalities due to the property spanning two jurisdictions.
Designed for vehicle and light storage operations, the building’s overhead door configuration supports straightforward access for bays, warehousing, or similar service-oriented uses.
Key Highlights
- Approximately 2,400 SF automotive garage on two parcels in Millvale and Shaler (taxes paid to both municipalities)
- Three 12'-0" overhead doors plus one additional 7'-6" overhead door for loading access
- Small storage mezzanine for added storage space
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
$27,972
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
4.48%
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%
$559,440
$559.4K
Cap Rate 7%
$399,600
$399.6K
Cap Rate 9%
$310,800
$310.8K
Market Conditions
NOI Build-Up for 2,400 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
$43.2K $18.00/SF
− Vacancy
−$3.2K −$1.35/SF
EGI
$40.0K $16.65/SF
− OpEx
−$12.0K −$5.00/SF
NOI
$28.0K $11.66/SF
Area
Pittsburgh, PA
Vacancy
7.50%
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%
$559,440
Cap Rate 7%
$399,600
Cap Rate 9%
$310,800
Alternative Uses
Best Use
Retail
$399.6K
$349.7K – $466.2K
NOI $27,972 @ 7.0% cap · market cap 4.48%
Second Best
Industrial
$193.6K
$169.4K – $225.9K
NOI $13,555 @ 7.0% cap · market cap 2.17%
Theoretical Best
Office A
$764.3K
$668.8K – $891.7K
NOI $53,504 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15209, PA
12,044
Population
6,098
Households
2
Avg Household Size
42
Median Age
36%
College-Educated
95%
High-School Grad
4.8 sq mi
ZIP Area
2,509
Density / Sq Mi
$80,221
Median Household Income
$47,427
Median Earnings
$1,042
Median Rent
$218,300
Median Home Value
Market
Vacancy Rate% for Retail in Pittsburgh, PA
Questions? Ask Rey
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- Jeff Wokutch Auto Body & Service Center Inc. — 930 North Ave, Pittsburgh, PA 15209
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive garage offers three 12 -0 overhead doors, a small storage mezzanine, and a 7 -6 additional overhead door plus restroom.
Where is this auto shop located?
The property is located at 1235 Evergreen Pittsburgh, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Approximately 2,400 SF automotive garage on two parcels in Millvale and Shaler (taxes paid to both municipalities); Three 12'-0" overhead doors plus one additional 7'-6" overhead door for loading access; Small storage mezzanine for added storage space
