Gas Station with Service
For Sale
$550,000
739 W Ingomar Rd Pittsburgh, Pittsburgh, PA 15237
Brick automotive facility with fueling equipment, service capacity, office space, and on-site parking.
Property Size1,344 SF
Price / SF$409.23
Days on Market52
Property Features for 739 W Ingomar Rd Pittsburgh
General Information
Standard status
Active
Size
1,344 SF
Total Parking Spaces
38
Zoning
MN
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Automotive
Service Bays
2
Fuel Pumps
2
Taxes and HOA fees
Annual Taxes
$6,168
Amenities
2 Bathrooms
Newer Shingle Roof
Expansive Frontage
Plenty of Parking
Electric Service Line Replaced 2023
0.45
38
221XIRREGULAR
Building Details
Year Built
1969
Buildings
1
Construction
brick
Listing Agency:
(412) 899-2522
Listed By:
Charles Dobish
(412) 899-2522
Source:
Realestatesolutionspittsburgh
Added: Jul 10
Changed: Aug 29
Last Checked: Aug 29 at 2:14PM
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 Charles Dobish
Investment Insights
Based on property information with market context.
This gas station and automotive service property includes a 48-by-28-foot brick building with an office area, two service bays, and two bathrooms. The fueling setup has two pumps, including one gasoline pump and one diesel pump. Fiberglass tanks with monitoring wells passed state inspection for certification on January 6, 2024, with certification covering a three-year period. The property also has a newer shingle roof and an electrical service line replaced in 2023.
Located at 739 W Ingomar Rd, the property offers 221 feet of frontage along West Ingomar Road, described as a main route connecting I-79N to Route 19N. On-site parking and MN zoning are additional property features.
Located at 739 W Ingomar Rd, the property offers 221 feet of frontage along West Ingomar Road, described as a main route connecting I-79N to Route 19N. On-site parking and MN zoning are additional property features.
Key Highlights
- Two service bays in a 48‑by‑28‑foot brick building
- Two pumps: one gasoline and one diesel
- Fiberglass tanks with monitoring wells passed state inspection January 6, 2024
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
$18,096
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
3.29%
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%
$361,920
$361.9K
Cap Rate 7%
$258,514
$258.5K
Cap Rate 9%
$201,067
$201.1K
Market Conditions
NOI Build-Up for 1,344 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
$25.8K $19.20/SF
− Vacancy
−$1.7K −$1.25/SF
EGI
$24.1K $17.95/SF
− OpEx
−$6.0K −$4.49/SF
NOI
$18.1K $13.46/SF
Area
ZIP 15237
Vacancy
6.50%
Lease Rate
$19.20 /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%
$361,920
Cap Rate 7%
$258,514
Cap Rate 9%
$201,067
Alternative Uses
Best Use
Specialty Retail
$258.5K
$226.2K – $301.6K
NOI $18,096 @ 7.0% cap · market cap 3.29%
Second Best
Retail
$222.6K
$194.8K – $259.7K
NOI $15,580 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$428.0K
$374.5K – $499.4K
NOI $29,962 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
8,420 visits/mo
0.1 miles
Demographics for 15237, PA
45,670
Population
19,332
Households
2.4
Avg Household Size
43
Median Age
58%
College-Educated
97%
High-School Grad
24.1 sq mi
ZIP Area
1,895
Density / Sq Mi
$108,538
Median Household Income
$64,006
Median Earnings
$1,327
Median Rent
$306,900
Median Home Value
Market
Vacancy Rate% for Retail in Pittsburgh, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Brick automotive facility with fueling equipment, service capacity, office space, and on-site parking.
Where is this gas station located?
The property is located at 739 W Ingomar Rd Pittsburgh Pittsburgh, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two service bays in a 48‑by‑28‑foot brick building; Two pumps: one gasoline and one diesel; Fiberglass tanks with monitoring wells passed state inspection January 6, 2024
