Auto Dealership Repair
For Sale
Contact for pricing
2425 Herr St, Harrisburg, PA 17103
Renovated two-building auto dealership and repair facility with five overhead drive-in bays and available on-site equipment.
Property Size3,200 SF
Lot Size0.74 Acres
Price / SF$343.75
Days on Market260
Property Features for 2425 Herr St
General Information
Standard status
Active
Size
3,200 SF
Total Parking Spaces
75
Lot size
0.74 Acres
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
5
Service Bays
5
Building Details
Year Renovated
2020
Buildings
3
Listing Agency:
Realty Management Associates LLC
Listed By:
Todd Decker · License #PA RS296210
Source:
Crexi
Added: Dec 18, 2025
Changed: Sep 3
Last Checked: Sep 4 at 7:36AM
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 Realty Management Associates LLC
Investment Insights
Based on property information with market context.
A newly renovated auto dealership and repair facility offered for sale (and the owner is open to leasing). The property includes two buildings on site. The main building provides a staging lot, a client reception area, private offices, and three overhead drive-in bays. A separate stand-alone building at the southwest corner includes two additional overhead drive-in bays. Furniture, fixtures, and garage equipment are available for sale.
The site is located on Herr Street in Harrisburg, with quick access to major routes including Capital Beltway options (I-83, I-81, and I-581), Route 322, and I-76 (PA Turnpike). The remarks also note the area’s proximity to Downtown Harrisburg, the Pennsylvania State Capitol Complex, and the Harrisburg Transportation Center.
Additional details provided include a lot capacity of approximately 75 vehicles and designated uses such as car dealership, service center, quick oil, detail shop, and auto body. An adjoining property at 2501 Herr St. is also available separately or as part of a package sale.
The site is located on Herr Street in Harrisburg, with quick access to major routes including Capital Beltway options (I-83, I-81, and I-581), Route 322, and I-76 (PA Turnpike). The remarks also note the area’s proximity to Downtown Harrisburg, the Pennsylvania State Capitol Complex, and the Harrisburg Transportation Center.
Additional details provided include a lot capacity of approximately 75 vehicles and designated uses such as car dealership, service center, quick oil, detail shop, and auto body. An adjoining property at 2501 Herr St. is also available separately or as part of a package sale.
Key Highlights
- Newly renovated two‑building auto dealership and repair facility with 5 overhead drive‑in bays total.
- Main building includes a staging lot, client reception area, private offices, and three overhead drive‑in bays.
- Second standalone building (southwest corner) has two overhead drive‑in bays.
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
$32,088
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
2.92%
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%
$641,760
$641.8K
Cap Rate 7%
$458,400
$458.4K
Cap Rate 9%
$356,533
$356.5K
Market Conditions
NOI Build-Up for 3,200 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
$48.0K $15.00/SF
− Vacancy
−$2.2K −$0.68/SF
EGI
$45.8K $14.33/SF
− OpEx
−$13.8K −$4.30/SF
NOI
$32.1K $10.03/SF
Area
Dauphin County, PA
Vacancy
4.50%
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%
$641,760
Cap Rate 7%
$458,400
Cap Rate 9%
$356,533
Alternative Uses
Best Use
Industrial
$3.06M
$2.67M – $3.56M
NOI $213,881 @ 7.0% cap · market cap 19.44%
Second Best
Retail
$458.4K
$401.1K – $534.8K
NOI $32,088 @ 7.0% cap · market cap 2.92%
Theoretical Best
Specialty Retail
$5.89M
$5.16M – $6.88M
NOI $412,560 @ 7.0% cap · market cap 37.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Drive-in doors
5
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
5,887 visits/mo
0.3 miles
Sunoco
Shops & Services
3,732 visits/mo
0.3 miles
76
Shops & Services
3,200 visits/mo
0.3 miles
Demographics for 17103, PA
12,225
Population
5,345
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
86%
High-School Grad
1.9 sq mi
ZIP Area
6,434
Density / Sq Mi
$41,383
Median Household Income
$33,608
Median Earnings
$933
Median Rent
$113,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Renovated two-building auto dealership and repair facility with five overhead drive-in bays and available on-site equipment.
Where is this auto shop located?
The property is located at 2425 Herr St Harrisburg, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Newly renovated two‑building auto dealership and repair facility with 5 overhead drive‑in bays total.; Main building includes a staging lot, client reception area, private offices, and three overhead drive‑in bays.; Second standalone building (southwest corner) has two overhead drive‑in bays.
