Established Auto Repair Shop For
For Sale
Contact for pricing
Pending
3602 Frankford Ave, Philadelphia, PA 19134
Turn-key auto repair business with real estate and equipment included.
Property Size3,245 SF
Days on Market627
Property Features for 3602 Frankford Ave
General Information
Standard status
Pending
Size
3,245 SF
Property subtype
Industrial, Retail, Special Purpose
Zoning
CMX2
Building Details
Year Built
1940
Buildings
1
Stories
1
Listing Agency:
KW Commercial Exton
Listed By:
Megan Tuohey · License #RS328183
Source:
Crexi
Added: Dec 10, 2024
Changed: Aug 24
Last Checked: Aug 28 at 11:02AM
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 KW Commercial Exton
Investment Insights
Based on property information with market context.
This property presents an opportunity to acquire an established automotive repair shop situated in a location with high traffic visibility. The property is located in a developing corridor of Philadelphia. The turn-key auto repair business has been operational for over 10 years. The sale includes the real estate and equipment. The building features 3 garage bays, an office with a seating area, a large additional room suitable for use as a lunch room or other seating areas, and a bathroom for customers. The building is equipped with a waste oil heater. The property size is 3245 square feet.
Key Highlights
- Prime location with very high traffic visibility in a growing area of Philadelphia.
- Turn‑key auto repair business operational for over 10 years.
- Sale includes both real estate and equipment.
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
$36,676
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
3.86%
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%
$733,520
$733.5K
Cap Rate 7%
$523,943
$523.9K
Cap Rate 9%
$407,511
$407.5K
Market Conditions
NOI Build-Up for 3,245 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
$58.4K $18.00/SF
− Vacancy
−$6.0K −$1.85/SF
EGI
$52.4K $16.15/SF
− OpEx
−$15.7K −$4.84/SF
NOI
$36.7K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /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%
$733,520
Cap Rate 7%
$523,943
Cap Rate 9%
$407,511
Alternative Uses
Best Use
Retail
$523.9K
$458.5K – $611.3K
NOI $36,676 @ 7.0% cap · market cap 3.86%
Second Best
Industrial
$340.3K
$297.8K – $397.1K
NOI $23,823 @ 7.0% cap · market cap 2.51%
Theoretical Best
Multifamily LT 5
$791.1K
$692.2K – $922.9K
NOI $55,376 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,917
Businesses Nearby
340k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 33%
Apparel 13%
Electronics 5%
Five Below
Shops & Services
54,152 visits/mo
0.4 miles
Ross Dress for Less
Apparel
30,523 visits/mo
0.4 miles
Wendy's
Dining
26,379 visits/mo
0.4 miles
Taco Bell
Dining
25,016 visits/mo
0.5 miles
Dollar Tree
Shops & Services
22,738 visits/mo
0.4 miles
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- ABRM Auto — 3060 Witte St, Philadelphia, PA 19134
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- Ray's Auto Body, Inc. — 3111 Agate St, Philadelphia, PA 19134
- Tow Decision, Inc. — 3111 Agate St, Philadelphia, PA 19134
Frequently Asked Questions
What type of property is this?
Auto shop - Turn-key auto repair business with real estate and equipment included.
Where is this auto shop located?
The property is located at 3602 Frankford Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime location with very high traffic visibility in a growing area of Philadelphia.; Turn‑key auto repair business operational for over 10 years.; Sale includes both real estate and equipment.
