Two-Tenant Auto Service
For Sale
Contact for pricing
1445 Babcock Blvd, Pittsburgh, PA 15209
Single-site auto service and retail building with Advance Auto Parts and Rick Britenbaugh Auto Body.
Property Size12,550 SF
Price / SF$85.26
Days on Market159
Property Features for 1445 Babcock Blvd
General Information
Standard status
Active
Size
12,550 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$83,532
Additional Details
Traffic Count
23,000 vehicles/day
Building Details
Year Built
1988
Year Renovated
2025
Buildings
1
Tenancy
Single
Listing Agency:
Sands Investment Group Philadelphia
Listed By:
Tom Gorman · License #PA RM424383
Source:
Crexi
Added: Mar 31
Changed: Sep 2
Last Checked: Sep 4 at 8:40AM
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 Sands Investment Group Philadelphia
Investment Insights
Based on property information with market context.
Sands Investment Group is pleased to exclusively offer for sale a 12,550 SF two-tenant auto service and retail property occupied by Advance Auto Parts and Rick Britenbaugh Auto Body. The asset is configured to support both retail operations and auto service activity within a single location.
Situated at 1445 Babcock Boulevard in Pittsburgh, PA, the property is positioned along the Babcock Boulevard corridor. The listing notes approximately 23,000 vehicles per day, along with strong surrounding population density and excellent visibility, supporting consistent retail exposure to passing traffic.
This offering presents a consolidated, income-producing setup with two tenants operating within the same automotive-oriented facility.
Situated at 1445 Babcock Boulevard in Pittsburgh, PA, the property is positioned along the Babcock Boulevard corridor. The listing notes approximately 23,000 vehicles per day, along with strong surrounding population density and excellent visibility, supporting consistent retail exposure to passing traffic.
This offering presents a consolidated, income-producing setup with two tenants operating within the same automotive-oriented facility.
Key Highlights
- 12,550 SF single‑site auto service and retail building on Babcock Boulevard in Pittsburgh, PA
- Two‑tenant property occupied by Advance Auto Parts and Rick Britenbaugh Auto Body
- Auto service and retail setup within the same building
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
$70,881
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
6.62%
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%
$1,417,620
$1.4M
Cap Rate 7%
$1,012,586
$1.0M
Cap Rate 9%
$787,567
$787.6K
Market Conditions
NOI Build-Up for 12,550 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
$106.9K $8.52/SF
− Vacancy
−$5.7K −$0.45/SF
EGI
$101.3K $8.07/SF
− OpEx
−$30.4K −$2.42/SF
NOI
$70.9K $5.65/SF
Area
Pittsburgh, PA
Vacancy
5.30%
Lease Rate
$8.52 /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%
$1,417,620
Cap Rate 7%
$1,012,586
Cap Rate 9%
$787,567
Alternative Uses
Best Use
Retail
$2.09M
$1.83M – $2.44M
NOI $146,270 @ 7.0% cap · market cap 13.67%
Second Best
Industrial
$1.01M
$886.0K – $1.18M
NOI $70,881 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$4.00M
$3.50M – $4.66M
NOI $279,783 @ 7.0% cap · market cap 26.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
23,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
199
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Jeff Wokutch Auto Body & Service Center Inc. — 930 North Ave, Pittsburgh, PA 15209
- B&M Automotive Services — 575 Seavey Rd, Pittsburgh, PA 15209
- Bauerstown Autobody — 1401 Evergreen Ave, Pittsburgh, PA 15209
- Ray Platts Auto Center & Towing — 1425 Babcock Blvd, Pittsburgh, PA 15209
- Rick Britenbaugh Auto Body — 1445 Babcock Blvd, Pittsburgh, PA 15209
Frequently Asked Questions
What type of property is this?
Auto shop - Single-site auto service and retail building with Advance Auto Parts and Rick Britenbaugh Auto Body.
Where is this auto shop located?
The property is located at 1445 Babcock Blvd Pittsburgh, PA.
What is the asking price?
The asking price for this property is $1,070,000.
What are key features of this property?
This property features: 12,550 SF single‑site auto service and retail building on Babcock Boulevard in Pittsburgh, PA; Two‑tenant property occupied by Advance Auto Parts and Rick Britenbaugh Auto Body; Auto service and retail setup within the same building
