Highway-Front Auto
For Sale
$99,000
3619 Cove Mountain Road, Martinsburg, PA 16662
COMMERCIAL - Martinsburg, PA
Property Size800 SF
Lot Size0.16 Acres
Price / SF$123.75
Days on Market49
Property Features for 3619 Cove Mountain Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking features
Garage
Lot features
Cleared, Level, Cleared, Level
Elementary school district
Spring Cove
Middle school district
Spring Cove
High school district
Spring Cove
Directions
GPS
Subdivision
North Woodbury Township
Standard status
Active
APN
17.00-01..-019.01-000
Size
800 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DBP- 2010-04782
Tax Annual Amount
802
Legal Description
DBP- 2010-04782
Building Details
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
Perry Wellington Realty, LLC
(814) 695-5323
Listed By:
The Gretchen Gunnett Team
(814) 696-7742
Added: Jun 22
Changed: Aug 6
Last Checked: Aug 9 at 12:06AM
MLS# 80473
Copyright © 2026 Allegheny Highland Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 800-square-foot auto shop combines a garage workspace with an attached office area for administrative functions or customer reception. The building has wood siding, a shingle roof, and a garage designated for parking or operational use. Commercial zoning supports the property’s identified business setting.
The property sits directly on Cove Mountain Road in Martinsburg, Pennsylvania, along a high-traffic highway with access for customers. The 0.16-acre parcel provides a compact commercial footprint for an automotive service operation or another small business use supported by the existing garage and office configuration.
The property sits directly on Cove Mountain Road in Martinsburg, Pennsylvania, along a high-traffic highway with access for customers. The 0.16-acre parcel provides a compact commercial footprint for an automotive service operation or another small business use supported by the existing garage and office configuration.
Key Highlights
- 800‑square‑foot building with garage and attached office space
- 0.16‑acre commercial parcel
- Directly situated on a high‑traffic highway
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
$8,104
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
8.19%
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%
$162,080
$162.1K
Cap Rate 7%
$115,771
$115.8K
Cap Rate 9%
$90,044
$90.0K
Market Conditions
NOI Build-Up for 800 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
$13.4K $16.80/SF
− Vacancy
−$2.6K −$3.29/SF
EGI
$10.8K $13.51/SF
− OpEx
−$2.7K −$3.38/SF
NOI
$8.1K $10.13/SF
Area
Blair County, PA
Vacancy
19.60%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
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%
$162,080
Cap Rate 7%
$115,771
Cap Rate 9%
$90,044
Alternative Uses
Best Use
Industrial
$800.2K
$700.2K – $933.6K
NOI $56,015 @ 7.0% cap · market cap 56.58%
Second Best
Office B
$115.8K
$101.3K – $135.1K
NOI $8,104 @ 7.0% cap · market cap 8.19%
Theoretical Best
Warehouse
$971.7K
$850.2K – $1.13M
NOI $68,018 @ 7.0% cap · market cap 68.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Garage-based commercial property with attached office space and direct highway access.
Where is this auto shop located?
The property is located at 3619 Cove Mountain Road Martinsburg, PA.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: 800‑square‑foot building with garage and attached office space; 0.16‑acre commercial parcel; Directly situated on a high‑traffic highway
