Auto Repair Shop with Service
For Sale
$1,395,000
4515 4515-25 Lancaster Ave, Philadelphia, PA 19131
CMX-2-zoned automotive facility with mezzanine storage, a fenced side yard, and continued-use or redevelopment flexibility.
Property Size11,600 SF
Lot Size0.39 Acres
Price / SF$120.26
Days on Market14
Property Features for 4515 4515-25 Lancaster Ave
General Information
Standard status
Active
Size
11,600 SF
Lot size
0.39 Acres
Zoning
CMX-2
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
14ft high ceilings
1ft x 11ft front entry garage door
rear garage door
exposed timber and roof framing
mezzanine storage area
Building Details
Year Built
1925
Buildings
1
Construction
masonry and wood-frame
Abandoned
No
Listing Agency:
Rockland Capital LLC
(215) 527-3407
Listed By:
Ernest J Knechel
Source:
Elkaimpropertygroup
Added: Aug 15
Changed: Aug 27
Last Checked: Aug 28 at 1:08PM
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 Rockland Capital LLC
Investment Insights
Based on property information with market context.
The property combines an 11,600-square-foot masonry and wood-frame automotive facility with two adjoining vacant parcels, totaling approximately 17,000 square feet of land area. The building includes an open service-garage layout, multiple work bays, 14-foot ceilings, exposed timber and roof framing, a mezzanine for storage, front and rear garage doors, and a fenced side yard. Automotive repair, collision work, and state inspection operations have been conducted at the site for decades. Business and equipment may be negotiated separately.
Positioned at 4515-4525 Lancaster Avenue in Philadelphia’s Wynnefield section, the assemblage fronts Lancaster Avenue and includes signalized access. CMX-2 zoning supports continued automotive use, redevelopment, or repurposing subject to applicable approvals. The adjacent land adds yard or storage capacity and may support future development, also subject to zoning and municipal approvals. The site is near dense residential areas, public transit, and major roadways.
Positioned at 4515-4525 Lancaster Avenue in Philadelphia’s Wynnefield section, the assemblage fronts Lancaster Avenue and includes signalized access. CMX-2 zoning supports continued automotive use, redevelopment, or repurposing subject to applicable approvals. The adjacent land adds yard or storage capacity and may support future development, also subject to zoning and municipal approvals. The site is near dense residential areas, public transit, and major roadways.
Key Highlights
- 11,600± square foot masonry and wood‑frame automotive facility
- Approximately 17,000± square feet of total land area across the assemblage
- Open‑bay garage with multiple service bays and 14ft ceilings
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
$85,163
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
6.10%
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%
$1,703,260
$1.7M
Cap Rate 7%
$1,216,614
$1.2M
Cap Rate 9%
$946,256
$946.3K
Market Conditions
NOI Build-Up for 11,600 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
$132.2K $11.40/SF
− Vacancy
−$10.6K −$0.91/SF
EGI
$121.7K $10.49/SF
− OpEx
−$36.5K −$3.15/SF
NOI
$85.2K $7.34/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$11.40 /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%
$1,703,260
Cap Rate 7%
$1,216,614
Cap Rate 9%
$946,256
Alternative Uses
Best Use
Retail
$1.87M
$1.64M – $2.19M
NOI $131,106 @ 7.0% cap · market cap 9.40%
Second Best
Industrial
$1.22M
$1.06M – $1.42M
NOI $85,163 @ 7.0% cap · market cap 6.10%
Theoretical Best
Multifamily LT 5
$2.83M
$2.47M – $3.30M
NOI $197,953 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,166
Businesses Nearby
31k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 38%
Electronics 5%
Apparel 2%
Checkers
Dining
15,034 visits/mo
0.4 miles
Dollar General
Shops & Services
9,664 visits/mo
0.3 miles
Twisters
Dining
2,019 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
1,400 visits/mo
0.5 miles
Compass Self Storage
Shops & Services
1,304 visits/mo
0.4 miles
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Similar Off Market Nearby
- Rich's Auto Center — 5224 Arch St, Philadelphia, PA 19139
- A A Personal Touch — Philadelphia, PA 19104
- TOWING AND AUTO REPAIR — 300 N 40th St, Philadelphia, PA 19104
- A+A Tires Services — 300 N 40th St, Philadelphia, PA 19104
- Borbor auto care — 4201 Wallace St, Philadelphia, PA 19104
Frequently Asked Questions
What type of property is this?
Auto shop - CMX-2-zoned automotive facility with mezzanine storage, a fenced side yard, and continued-use or redevelopment flexibility.
Where is this auto shop located?
The property is located at 4515 4515-25 Lancaster Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 11,600± square foot masonry and wood‑frame automotive facility; Approximately 17,000± square feet of total land area across the assemblage; Open‑bay garage with multiple service bays and 14ft ceilings
