Building Details

Year Built 1955

Buildings 2

Listing Agency: Keller Williams Platinum Realty - Wyomissing f***@kw.com Show Phone

Listed By: Dianna Newkirk · License #RS360502 Show Phone

Source: Cummingsrealtors

Added: Sep 18 Changed: Sep 21 Last Checked: Sep 21 at 6:09AM

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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 Keller Williams Platinum Realty - Wyomissing

Investment Insights

Based on property information with market context.

This automotive property includes two separate freestanding buildings totaling 3,758 square feet. Built in 1955, the site has accommodated multiple automotive operations, including a NAPA Auto Parts store and, more recently, a tire and auto mechanic business.

Located at 34 E Main Street in Fleetwood, Pennsylvania, the property sits on Main Street and includes a substantial parking area. Prospective users should confirm acceptable business activities with the Borough of Fleetwood before proceeding.

Key Highlights

• Two freestanding buildings totaling 3,758 square feet
• Previously operated as a NAPA Auto Parts store
• More recently used for tire and auto mechanic operations

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

$38,104

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

8.30%

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%

$762,080 $762.1K

Cap Rate 7%

$544,343 $544.3K

Cap Rate 9%

$423,378 $423.4K

Market Conditions

NOI Build-Up for 3,758 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

$56.8K $15.12/SF

− Vacancy

−$2.4K −$0.64/SF

EGI

$54.4K $14.48/SF

− OpEx

−$16.3K −$4.35/SF

NOI

$38.1K $10.14/SF

Area

Berks County, PA

Vacancy

4.20%

Lease Rate

$15.12 /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%

$762,080

Cap Rate 7%

$544,343

Cap Rate 9%

$423,378

Alternative Uses

Best Use

Retail

$544.3K

$476.3K – $635.1K (±1% cap)

NOI $38,104 @ 7.0% cap · market cap 8.30%

Second Best

Industrial

$313.2K

$274.1K – $365.5K (±1% cap)

NOI $21,927 @ 7.0% cap · market cap 4.78%

Theoretical Best

Office A

$616.9K

$539.8K – $719.7K (±1% cap)

NOI $43,184 @ 7.0% cap · market cap 9.41%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Grocery & Convenience Store Auto Parts Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Daycare Center Nail Salon

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

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

261

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 19522, PA

14,098

Population

5,625

Households

2.5

Avg Household Size

45

Median Age

24%

College-Educated

91%

High-School Grad

46.6 sq mi

ZIP Area

303

Density / Sq Mi

$95,366

Median Household Income

$51,043

Median Earnings

$1,202

Median Rent

$255,300

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Jim's Automotive — 119 Memorial Hwy, Fleetwood, PA 19522
• Dick's Auto Body — 119 Memorial Hwy, Fleetwood, PA 19522
• Premier Auto Inc — 130 W Main St, Fleetwood, PA 19522
• Crolls Customs Ltd. — 132 W Main St, Fleetwood, PA 19522
• Heller's Automotive & Performance Inc. — 215 W Main St, Fleetwood, PA 19522

Frequently Asked Questions

What type of property is this?

Auto shop - The property includes two freestanding buildings and an on-site parking lot.

Where is this auto shop located?

The property is located at 34 E MAIN STREET Fleetwood, PA.

What is the asking price?

The asking price for this property is $459,000.

What are key features of this property?

This property features: Two freestanding buildings totaling 3,758 square feet; Previously operated as a NAPA Auto Parts store; More recently used for tire and auto mechanic operations