Operating Auto Repair
For Sale
$250,000
311 W BROAD ST, New Bethlehem, PA 16242
Established auto service property with tire operations, U-Haul rentals, equipment, and the operating business included.
Property Size3,370 SF
Days on Market404
Property Features for 311 W BROAD ST
General Information
Standard status
Active
Size
3,370 SF
Property subtype
COMMERCIAL
Additional Details
Business Included
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,861
Building Details
Building Size
3,370 SF
Year Built
1915
Listing Agency:
Re/Max Select Realty
(814) 319-2128
Listed By:
Mellisa Rupp
Source:
Nelsonrealtypa
Added: Jul 23, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:07AM
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 Re/Max Select Realty
Investment Insights
Based on property information with market context.
This sale combines the real estate with an operating full-service auto repair and tire business. Fixtures and equipment are included, along with the business and its U-Haul rental operations. The property was built in 1915.
Located at 311 W Broad St in New Bethlehem, Pennsylvania, the property sits along Route 28 in a high-traffic setting. The offering provides a single acquisition comprising the real estate, business operations, fixtures, and equipment.
Located at 311 W Broad St in New Bethlehem, Pennsylvania, the property sits along Route 28 in a high-traffic setting. The offering provides a single acquisition comprising the real estate, business operations, fixtures, and equipment.
Key Highlights
- Full‑service auto repair and tire business included
- U‑Haul rental operations included in the offering
- Sale includes real estate, fixtures, equipment, and business
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
$19,663
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
7.87%
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%
$393,260
$393.3K
Cap Rate 7%
$280,900
$280.9K
Cap Rate 9%
$218,478
$218.5K
Market Conditions
NOI Build-Up for 3,370 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
$29.8K $8.83/SF
− Vacancy
−$1.7K −$0.49/SF
EGI
$28.1K $8.34/SF
− OpEx
−$8.4K −$2.50/SF
NOI
$19.7K $5.83/SF
Area
Clarion County, PA
Vacancy
5.60%
Lease Rate
$8.83 /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%
$393,260
Cap Rate 7%
$280,900
Cap Rate 9%
$218,478
Alternative Uses
Best Use
Retail
$409.3K
$358.1K – $477.5K
NOI $28,648 @ 7.0% cap · market cap 11.46%
Second Best
Industrial
$280.9K
$245.8K – $327.7K
NOI $19,663 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$596.2K
$521.7K – $695.6K
NOI $41,734 @ 7.0% cap · market cap 16.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Groceries 11%
Dining 7%
Sunoco
Shops & Services
7,543 visits/mo
0.2 miles
Fine Wine & Good Spirits
Groceries
1,065 visits/mo
0.5 miles
Fox's Pizza Den
Dining
694 visits/mo
0.3 miles
Demographics for 16242, PA
4,623
Population
2,050
Households
2.3
Avg Household Size
46
Median Age
19%
College-Educated
88%
High-School Grad
93.6 sq mi
ZIP Area
49
Density / Sq Mi
$54,727
Median Household Income
$41,354
Median Earnings
$707
Median Rent
$119,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- HardCore Tire and Wheel — 3537 PA-28, New Bethlehem, PA 16242
- Campbell's Auto Service — 311 W Broad St, New Bethlehem, PA 16242
- Sterlings Auto — 401 W Broad St, New Bethlehem, PA 16242
- Skinner's Gumtown Garage — 525 Broad St, New Bethlehem, PA 16242
- Chevrolet Service — 500 Broad St, New Bethlehem, PA 16242
Frequently Asked Questions
What type of property is this?
Auto shop - Established auto service property with tire operations, U-Haul rentals, equipment, and the operating business included.
Where is this auto shop located?
The property is located at 311 W BROAD ST New Bethlehem, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Full‑service auto repair and tire business included; U‑Haul rental operations included in the offering; Sale includes real estate, fixtures, equipment, and business
