Auto Repair Shop with
For Sale
Contact for pricing
349 Buttonwood St, Reading, PA 19601
Auto repair shop with warehouse space at signalized intersection.
Property Size9,500 SF
Price / SF$84.11
Days on Market211
Property Features for 349 Buttonwood St
General Information
Standard status
Active
Size
9,500 SF
Property subtype
Industrial, Retail, Special Purpose
Zoning
Manufacturing Commercial
Building Details
Buildings
1
Stories
1
Units
1
Listing Agency:
Capstone Commercial
(717) 820-1127
Listed By:
Ida McMurray · License #PA RS209467L
Source:
Crexi
Added: Jan 23
Changed: Aug 8
Last Checked: Aug 22 at 5:40PM
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 Capstone Commercial
Investment Insights
Based on property information with market context.
The property, with a size of 9500 square feet, is currently used as an auto repair shop and tire shop. It also includes additional warehouse storage space. The location is at a signalized intersection.
Key Highlights
- Located at a signalized intersection.
- Commercial property.
- Currently used as an auto repair/tire shop.
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
$67,309
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
8.42%
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%
$1,346,180
$1.3M
Cap Rate 7%
$961,557
$961.6K
Cap Rate 9%
$747,878
$747.9K
Market Conditions
NOI Build-Up for 9,500 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
$83.9K $8.83/SF
− Vacancy
−$4.7K −$0.49/SF
EGI
$79.2K $8.34/SF
− OpEx
−$11.9K −$1.25/SF
NOI
$67.3K $7.09/SF
Area
Berks County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
15.00%
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%
$1,346,180
Cap Rate 7%
$961,557
Cap Rate 9%
$747,878
Alternative Uses
Best Use
Retail
$1.38M
$1.20M – $1.61M
NOI $96,325 @ 7.0% cap · market cap 12.06%
Second Best
Warehouse
$961.6K
$841.4K – $1.12M
NOI $67,309 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,166 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,718
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19601, PA
35,477
Population
14,024
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
73%
High-School Grad
3.8 sq mi
ZIP Area
9,336
Density / Sq Mi
$41,133
Median Household Income
$30,433
Median Earnings
$986
Median Rent
$110,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Penske Collision Repair — 255 Riverfront Dr, Reading, PA 19602
- Herrera's auto Repair — 236 Pearl St, Reading, PA 19602
- JBC Customs — 250 Pearl St, Reading, PA 19602
- Auto Beauty Shop — 300 S 8th St, Reading, PA 19602
- Wkelly-Springfield Tires — 229 S 9th St, Reading, PA 19602
Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair shop with warehouse space at signalized intersection.
Where is this auto shop located?
The property is located at 349 Buttonwood St Reading, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Located at a signalized intersection.; Commercial property.; Currently used as an auto repair/tire shop.
