Listing Agency: Perry Wellington Realty, LLC i***@perrywellingtonrealty.com Show Phone

Listed By: The Gretchen Gunnett Team Show Phone

Source: Exprealty

Added: Jun 22 Changed: Oct 5 Last Checked: Oct 13 at 2:36AM

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Investment Insights

Based on property information with market context.

This commercial property combines a garage with an attached office, creating separate areas for hands-on work and administrative or client-facing functions. The configuration supports automotive service operations and may also accommodate retail, contracting, or specialized repair uses described for the property.

Located directly on Cove Mountain Rd in Martinsburg, PA, the property benefits from highway exposure, customer access, and potential for visible signage. Its compact commercial layout provides a straightforward setting for an owner-operated business or service-oriented enterprise.

Key Highlights

• Garage with attached office space
• Directly situated on a high‑traffic highway
• Signage potential along the highway

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$4,359

Cap Rate

8.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$87,180 $87.2K

Cap Rate 7%

$62,271 $62.3K

Cap Rate 9%

$48,433 $48.4K

Market Conditions

NOI Build-Up for 800 SF

Gross rent

$7.1K $8.88/SF

− Vacancy

−$398 −$0.50/SF

EGI

$6.7K $8.38/SF

− OpEx

−$2.3K −$2.93/SF

NOI

$4.4K $5.45/SF

Area

Blair County, PA

Vacancy

5.60%

Lease Rate

$8.88 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$87,180

Cap Rate 7%

$62,271

Cap Rate 9%

$48,433

Alternative Uses

Best Use

Industrial

$800.2K

$700.2K – $933.6K (±1% cap)

NOI $56,015 @ 7.0% cap · market cap 112.03%

Second Best

Retail

$115.0K

$100.6K – $134.1K (±1% cap)

NOI $8,047 @ 7.0% cap · market cap 16.09%

Theoretical Best

Warehouse

$971.7K

$850.2K – $1.13M (±1% cap)

NOI $68,018 @ 7.0% cap · market cap 136.04%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Building Supply Law Firm Restaurant HVAC Service Hair Salon Storage Facility

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

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

21

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 16662, PA

5,574

Population

2,338

Households

2.4

Avg Household Size

49

Median Age

21%

College-Educated

90%

High-School Grad

53.8 sq mi

ZIP Area

104

Density / Sq Mi

$70,861

Median Household Income

$41,849

Median Earnings

$855

Median Rent

$212,400

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

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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 For Sale Nearby

Brick Duplex with Off-Street Parking

301 S Market Street, Martinsburg, PA 16662

$149,000

1,808 SF

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Established Meat Market on Route 164

2983 Cove Mountain Rd, Martinsburg, PA 16662

$699,000

8,595 SF

View details

Similar Off Market Nearby

• Chuck's Autobody Repair — 3733 Fredericksburg Rd, Martinsburg, PA 16662
• West Central Equipment — 2555 Cove Mountain Rd, Martinsburg, PA 16662
• Gary Tire Service — 2469 Cove Mountain Rd, Martinsburg, PA 16662
• Long's Tire Sales — 2492 Cove Mountain Rd, Martinsburg, PA 16662

Frequently Asked Questions

What type of property is this?

Auto shop - Garage and attached office support service work alongside customer-facing operations.

Where is this auto shop located?

The property is located at 3619 Cove Mountain Rd Martinsburg, PA.

What is the asking price?

The asking price for this property is $50,000.

What are key features of this property?

This property features: Garage with attached office space; Directly situated on a high‑traffic highway; Signage potential along the highway