1921 8th Ave, Altoona, PA 16602

Building Details

Buildings 1 More

Construction block More

Listing Agency: Coldwell Banker Town & Country R.E. b***@aol.com Show Phone

Listed By: Wally Rossi · License PA RS171287L Show Phone

Source: Exprealty

Added: Oct 17 Changed: Nov 8 Last Checked: Nov 8 at 4:34PM

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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 Coldwell Banker Town & Country R.E.

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

At 1921 8th Ave in Altoona, this block-constructed garage provides 1,200 square feet across a 40-foot-by-30-foot footprint. A dedicated office area and paved parking are part of the property. The space is identified for automotive service, contractor operations, equipment storage, or other business activity.

Key Highlights

• 1,200‑square‑foot block‑constructed garage
• 40‑foot‑by‑30‑foot building footprint
• Dedicated office area within the garage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,071

Cap Rate

7.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$241,420 $241.4K

Cap Rate 7%

$172,443 $172.4K

Cap Rate 9%

$134,122 $134.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$18.0K $15.00/SF

− Vacancy

−$756 −$0.63/SF

EGI

$17.2K $14.37/SF

− OpEx

−$5.2K −$4.31/SF

NOI

$12.1K $10.06/SF

Area

Blair County, PA

Vacancy

4.20%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$241,420

Cap Rate 7%

$172,443

Cap Rate 9%

$134,122

Alternative Uses

Best Use

Retail

$172.4K

$150.9K – $201.2K (±1% cap)

NOI $12,071 @ 7.0% cap · market cap 7.32%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$253.0K

$221.4K – $295.2K (±1% cap)

NOI $17,709 @ 7.0% cap · market cap 10.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Buck Cooper's Garage Vehicle Inspection Center

Suggested Use

Top Pick Real Estate Agency Hair Salon HVAC Service Electrical Service Spa & Massage Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,217

Businesses Nearby

66k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 58% Dining 42%

McDonald's Dining

25,202 visits/mo 0.3 miles

Sheetz Shops & Services

23,805 visits/mo 0.1 miles

M&T Bank Shops & Services

6,445 visits/mo 0.1 miles

Sunoco Shops & Services

5,029 visits/mo 0.1 miles

Domino's Pizza Dining

2,619 visits/mo 0.1 miles

Demographics for 16602, PA

27,996

Population

13,171

Households

2.1

Avg Household Size

44

Median Age

21%

College-Educated

93%

High-School Grad

14.7 sq mi

ZIP Area

1,904

Density / Sq Mi

$53,097

Median Household Income

$37,336

Median Earnings

$842

Median Rent

$120,200

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Similar Off Market Nearby

• AAMCO Transmissions & Total Car Care — 2911 7th Ave, Altoona, PA 16602
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• Dodson Auto Machine Shop Inc — 2801 Beale Ave, Altoona, PA 16601
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Frequently Asked Questions

What type of property is this?

Auto shop - The block-built garage includes office space and paved parking for on-site operations.

Where is this auto shop located?

The property is located at 1921 8th Ave Altoona, PA.

What is the asking price?

The asking price for this property is $165,000.

What are key features of this property?

This property features: 1,200‑square‑foot block‑constructed garage; 40‑foot‑by‑30‑foot building footprint; Dedicated office area within the garage