Building Details

Building Size 12,128 SF

Year Built 1930

Listing Agency: Realty One Group Restore - Collegeville

Listed By: Shon Abdullah · License #RS331509 Show Phone

Source: Mainlinekw

Added: Nov 2 Changed: Nov 5 Last Checked: Nov 4 at 3:25PM

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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 Realty One Group Restore - Collegeville

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Investment Insights

Based on property information with market context.

The auto shop building contains more than 12,000 square feet of space. Constructed in 1930, it previously operated as an auto repair shop. The interior offers a sizable footprint for commercial use.

Key Highlights

• More than 12,000 square feet of building space
• Built in 1930
• Previously used as an auto repair shop

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$89,039

Cap Rate

9.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,780,780 $1.8M

Cap Rate 7%

$1,271,986 $1.3M

Cap Rate 9%

$989,322 $989.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,128 SF

Gross rent

$138.3K $11.40/SF

− Vacancy

−$11.1K −$0.91/SF

EGI

$127.2K $10.49/SF

− OpEx

−$38.2K −$3.15/SF

NOI

$89.0K $7.34/SF

Area

Philadelphia, PA

Vacancy

8.00%

Lease Rate

$11.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,780,780

Cap Rate 7%

$1,271,986

Cap Rate 9%

$989,322

Alternative Uses

Best Use

Retail

$1.96M

$1.71M – $2.28M (±1% cap)

NOI $137,073 @ 7.0% cap · market cap 13.92%

Second Best

Industrial

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $89,039 @ 7.0% cap · market cap 9.04%

Theoretical Best

Multifamily LT 5

$2.96M

$2.59M – $3.45M (±1% cap)

NOI $206,963 @ 7.0% cap · market cap 21.01%

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

Marv's Auto Repair Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Accounting Firm Bakery Parking Lot & Garage Travel Agency

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

1,501

Businesses Nearby

60k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 44% Dining 39% Groceries 8% Home Improvements & Furnishings 6%

McDonald's Dining

22,820 visits/mo 0.5 miles

Family Dollar Shops & Services

7,237 visits/mo 0.3 miles

Speedway Shops & Services

6,834 visits/mo 0.4 miles

Fine Wine & Good Spirits Groceries

4,813 visits/mo 0.3 miles

7-Eleven Shops & Services

2,873 visits/mo 0.4 miles

Demographics for 19144, PA

44,481

Population

23,583

Households

1.9

Avg Household Size

37

Median Age

35%

College-Educated

90%

High-School Grad

3.6 sq mi

ZIP Area

12,356

Density / Sq Mi

$45,727

Median Household Income

$36,020

Median Earnings

$1,110

Median Rent

$224,600

Median Home Value

Market

Vacancy Rate% for Retail in Philadelphia, PA

6.7% 2019

8.2% 2020

7.8% 2021

6.6% 2022

6.2% 2023

5.5% 2024

5.6% 2025

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Equipped Auto Shop with Lot Access

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Mixed-Use Property with Parking

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View details

Similar Off Market Nearby

• The Best Transmission Service — 427 W Queen Ln, Philadelphia, PA 19144
• Tymir Cunningham Auto Repair Detailing — 320 W Queen Ln, Philadelphia, PA 19144
• Best Transmission Service — 427 w queen ln, philadelphia, pa 19144
• Tire Techs USA — 427 W Queen Ln, Philadelphia, PA 19144
• Progressive Auto Body — 4908 Wayne Ave, Philadelphia, PA 19144

Frequently Asked Questions

What type of property is this?

Auto shop - A substantial commercial interior offers more than 12,000 square feet for business operations.

Where is this auto shop located?

The property is located at 250 W QUEEN LANE Philadelphia, PA.

What is the asking price?

The asking price for this property is $985,000.

What are key features of this property?

This property features: More than 12,000 square feet of building space; Built in 1930; Previously used as an auto repair shop