Highway Auto
For Sale
$89,000
3619 Cove Mountain Rd, Martinsburg, PA 16662
Garage and attached office support service work alongside customer-facing operations.
Property Size800 SF
Price / SF$111.25
Days on Market69
Property Features for 3619 Cove Mountain Rd
General Information
Standard status
Active
Size
800 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$802
Listing Agency:
Perry Wellington Realty, LLC
(814) 696-7742
Listed By:
The Gretchen Gunnett Team
(814) 696-7742
Source:
Exprealty
Added: Jun 22
Changed: Aug 28
Last Checked: Aug 28 at 2:19PM
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 Perry Wellington Realty, LLC
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.
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 = 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
$8,047
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
9.04%
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%
$160,940
$160.9K
Cap Rate 7%
$114,957
$115.0K
Cap Rate 9%
$89,411
$89.4K
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
$12.0K $15.00/SF
− Vacancy
−$504 −$0.63/SF
EGI
$11.5K $14.37/SF
− OpEx
−$3.4K −$4.31/SF
NOI
$8.0K $10.06/SF
Area
Blair County, PA
Vacancy
4.20%
Lease Rate
$15.00 /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%
$160,940
Cap Rate 7%
$114,957
Cap Rate 9%
$89,411
Alternative Uses
Best Use
Industrial
$800.2K
$700.2K – $933.6K
NOI $56,015 @ 7.0% cap · market cap 62.94%
Second Best
Retail
$115.0K
$100.6K – $134.1K
NOI $8,047 @ 7.0% cap · market cap 9.04%
Theoretical Best
Warehouse
$971.7K
$850.2K – $1.13M
NOI $68,018 @ 7.0% cap · market cap 76.42%
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 Industrial in Northeast region
Questions? Ask Rey
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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 $89,000.
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
