Automotive Repair Facility with Paint
New
For Sale
Contact for pricing
135 S Chester Pike, Glenolden, PA 19036
Renovated premises include vehicle lifts, a paint booth, and equipment suited to collision and repair work.
Property Size18,898 SF
Lot Size0.77 Acres
Price / SF$113.77
Days on Market6
Property Features for 135 S Chester Pike
General Information
Standard status
Active
Size
18,898 SF
Lot size
0.77 Acres
Property subtype
Retail
Additional Details
Road Access
Yes
Amenities
16 garage doors
vehicle lifts
paint booth
Listing Agency:
Equity CRE
Listed By:
Nathan Rhodes · License #RS356808
(610) 645-7700
Source:
Crexi
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 3:01PM
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 Equity CRE
Investment Insights
Based on property information with market context.
This automotive repair property contains approximately 18,898 square feet on 0.77 acres. Renovated for automotive service, the facility has 16 garage doors, vehicle lifts, a paint booth, and additional automotive equipment included in the sale, along with on-site parking.
The property is located at 135 S Chester Pike in Glenolden, Pennsylvania, with access to the Philadelphia MSA. Philadelphia International Airport is nearby.
The property is located at 135 S Chester Pike in Glenolden, Pennsylvania, with access to the Philadelphia MSA. Philadelphia International Airport is nearby.
Key Highlights
- Approximately 18,898 SF on 0.77 acres
- 16 garage doors
- Vehicle lifts, paint booth, and automotive equipment included in the sale
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
$185,531
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
8.63%
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%
$3,710,620
$3.7M
Cap Rate 7%
$2,650,443
$2.7M
Cap Rate 9%
$2,061,456
$2.1M
Market Conditions
NOI Build-Up for 18,898 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
$283.5K $15.00/SF
− Vacancy
−$18.4K −$0.98/SF
EGI
$265.0K $14.03/SF
− OpEx
−$79.5K −$4.21/SF
NOI
$185.5K $9.82/SF
Area
Delaware County, PA
Vacancy
6.50%
Lease Rate
$15.00 /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%
$3,710,620
Cap Rate 7%
$2,650,443
Cap Rate 9%
$2,061,456
Alternative Uses
Best Use
Retail
$2.65M
$2.32M – $3.09M
NOI $185,531 @ 7.0% cap · market cap 8.63%
Second Best
Industrial
$1.64M
$1.43M – $1.91M
NOI $114,622 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$5.73M
$5.01M – $6.68M
NOI $401,078 @ 7.0% cap · market cap 18.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
852
Businesses Nearby
144k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Dining 27%
Electronics 4%
Apparel 2%
Wawa
Shops & Services
33,594 visits/mo
0.5 miles
Wawa
Shops & Services
21,314 visits/mo
0.4 miles
Wendy's
Dining
17,150 visits/mo
0.5 miles
Taco Bell
Dining
14,770 visits/mo
0.4 miles
Royal Farms
Shops & Services
12,266 visits/mo
0.5 miles
Demographics for 19036, PA
13,102
Population
5,258
Households
2.5
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
1.6 sq mi
ZIP Area
8,189
Density / Sq Mi
$76,184
Median Household Income
$43,291
Median Earnings
$1,268
Median Rent
$191,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Double E Auto Repair — 1206 W Amosland Rd, Prospect Park, PA 19076
- Auto Service Tomassian's — 856 e ashland ave, folcroft, pa 19032
- Tomassian’s Car Care — 856 E Ashland Ave, Folcroft, PA 19032
- Tamco Collision Inc — 133 Chester Pike, Norwood, PA 19074
- Copes Quality Towing — 129 Chester Pike, Norwood, PA 19074
Frequently Asked Questions
What type of property is this?
Auto shop - Renovated premises include vehicle lifts, a paint booth, and equipment suited to collision and repair work.
Where is this auto shop located?
The property is located at 135 S Chester Pike Glenolden, PA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Approximately 18,898 SF on 0.77 acres; 16 garage doors; Vehicle lifts, paint booth, and automotive equipment included in the sale
