Freestanding Auto Service Retail
For Sale
Contact for pricing
1716 Lincoln Hwy, North Versailles, PA 15137
Freestanding retail building with three service bays, attached office/retail space, and onsite parking, fully occupied by Valvoline.
Property Size2,089 SF
Lot Size0.56 Acres
Price / SF$416.26
Days on Market69
Property Features for 1716 Lincoln Hwy
General Information
Standard status
Active
Size
2,089 SF
Lot size
0.56 Acres
Property subtype
RETAIL
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Service Bays
3
Building Details
Tenancy
Single
Listing Agency:
Colliers | Pittsburgh
(412) 321-4200
Listed By:
Ian Dupre · License #RS350195
(412) 515-8542
Source:
Moodyscre
Added: Jul 1
Changed: Aug 31
Last Checked: Sep 7 at 11:52AM
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 Colliers | Pittsburgh
Investment Insights
Based on property information with market context.
Colliers presents the opportunity to acquire a freestanding retail building with 3 auto service bays and attached office/retail space. The property is fully occupied by Valvoline, an auto service and repair business, with a remaining lease term of 14.25 years. The building sits on a 0.56-acre lot and includes onsite parking.
The property offers immediate access to US Route 30 and is prominently visible from the highway. It is located directly between a Speedway gas station and convenience store, a Dollar General, and an O’Reilly Auto Parts location, positioned on a prominent throughway supporting surrounding retail and residential clusters.
Within a 5-mile radius, the area includes 127,000+ residents with an average household income of $83,939, with the Rt. 30 retail corridor featuring operators including Home Depot, Tractor Supply Co., Walmart, AutoZone, and Planet Fitness.
The property offers immediate access to US Route 30 and is prominently visible from the highway. It is located directly between a Speedway gas station and convenience store, a Dollar General, and an O’Reilly Auto Parts location, positioned on a prominent throughway supporting surrounding retail and residential clusters.
Within a 5-mile radius, the area includes 127,000+ residents with an average household income of $83,939, with the Rt. 30 retail corridor featuring operators including Home Depot, Tractor Supply Co., Walmart, AutoZone, and Planet Fitness.
Key Highlights
- 2,089‑SF freestanding retail building on a 0.56‑acre lot at 1716 Lincoln Highway in North Versailles, PA.
- Fully occupied by Valvoline (auto service and repair) with 14.25 years remaining on the lease term.
- Includes 3 auto service bays plus attached office/retail 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
$24,347
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
2.80%
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%
$486,940
$486.9K
Cap Rate 7%
$347,814
$347.8K
Cap Rate 9%
$270,522
$270.5K
Market Conditions
NOI Build-Up for 2,089 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
$37.6K $18.00/SF
− Vacancy
−$2.8K −$1.35/SF
EGI
$34.8K $16.65/SF
− OpEx
−$10.4K −$5.00/SF
NOI
$24.3K $11.66/SF
Area
Allegheny County, 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%
$486,940
Cap Rate 7%
$347,814
Cap Rate 9%
$270,522
Alternative Uses
Best Use
Retail
$347.8K
$304.3K – $405.8K
NOI $24,347 @ 7.0% cap · market cap 2.80%
Second Best
Industrial
$159.2K
$139.3K – $185.8K
NOI $11,145 @ 7.0% cap · market cap 1.28%
Theoretical Best
Office A
$532.1K
$465.6K – $620.8K
NOI $37,247 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
137k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 30%
Shops & Services 27%
Dining 16%
Groceries 14%
GetGo Gas Station
Shops & Services
34,187 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
27,539 visits/mo
0.2 miles
Aldi
Groceries
18,955 visits/mo
0.3 miles
Big Lots
Superstores
13,107 visits/mo
0.3 miles
Tractor Supply Co.
Home Improvements & Furnishings
12,962 visits/mo
0.4 miles
Demographics for 15137, PA
9,939
Population
5,336
Households
1.9
Avg Household Size
47
Median Age
22%
College-Educated
94%
High-School Grad
7.9 sq mi
ZIP Area
1,258
Density / Sq Mi
$51,766
Median Household Income
$40,051
Median Earnings
$869
Median Rent
$115,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
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- Victory Lane Auto Services — 1954 Lincoln Hwy, North Versailles, PA 15137
Frequently Asked Questions
What type of property is this?
Auto shop - Freestanding retail building with three service bays, attached office/retail space, and onsite parking, fully occupied by Valvoline.
Where is this auto shop located?
The property is located at 1716 Lincoln Hwy North Versailles, PA.
What is the asking price?
The asking price for this property is $869,566.
What are key features of this property?
This property features: 2,089‑SF freestanding retail building on a 0.56‑acre lot at 1716 Lincoln Highway in North Versailles, PA.; Fully occupied by Valvoline (auto service and repair) with 14.25 years remaining on the lease term.; Includes 3 auto service bays plus attached office/retail space.
