10-Bay Automotive Service
For Sale
$750,000
5823 Lincoln Hwy, York, PA 17406
Automotive service property with reception, showroom, and on-site vehicle parking.
Property Size9,588 SF
Lot Size1.52 Acres
Price / SF$78.22
Days on Market45
Property Features for 5823 Lincoln Hwy
General Information
Standard status
Active
Size
9,588 SF
Lot size
1.52 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Service Bays
4
Building Details
Year Built
1960
Listing Agency:
Inch & Co. Real Estate, LLC
Listed By:
Chad Burrows · License #RS286214
(717) 841-6961
Source:
Viewmarylandhomesforsale
Added: Jul 25
Changed: Sep 6
Last Checked: Aug 25 at 8:06AM
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 Inch & Co. Real Estate, LLC
Investment Insights
Based on property information with market context.
This automotive service building spans two parcels totaling 1.52 acres and includes ten service bays: four designed for lift installation and six additional drive-in bays. Interior improvements include a reception area and showroom space, while the site provides parking for more than 40 vehicles.
The property is located at 5823 Lincoln Hwy in York, Pennsylvania, with access to Route 30. The existing automotive repair business will continue operating through the sale and relocate after closing. The offering includes real estate only; business assets and equipment are excluded.
The property is located at 5823 Lincoln Hwy in York, Pennsylvania, with access to Route 30. The existing automotive repair business will continue operating through the sale and relocate after closing. The offering includes real estate only; business assets and equipment are excluded.
Key Highlights
- Two parcels totaling 1.52 acres
- Four lift‑ready service bays
- Six additional drive‑in bays
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
$55,945
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
7.46%
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%
$1,118,900
$1.1M
Cap Rate 7%
$799,214
$799.2K
Cap Rate 9%
$621,611
$621.6K
Market Conditions
NOI Build-Up for 9,588 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
$84.7K $8.83/SF
− Vacancy
−$4.7K −$0.49/SF
EGI
$79.9K $8.34/SF
− OpEx
−$24.0K −$2.50/SF
NOI
$55.9K $5.83/SF
Area
York County, PA
Vacancy
5.60%
Lease Rate
$8.83 /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%
$1,118,900
Cap Rate 7%
$799,214
Cap Rate 9%
$621,611
Alternative Uses
Best Use
Retail
$1.63M
$1.43M – $1.91M
NOI $114,406 @ 7.0% cap · market cap 15.25%
Second Best
Industrial
$799.2K
$699.3K – $932.4K
NOI $55,945 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,324 @ 7.0% cap · market cap 25.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17406, PA
23,700
Population
9,357
Households
2.5
Avg Household Size
42
Median Age
28%
College-Educated
92%
High-School Grad
48.9 sq mi
ZIP Area
485
Density / Sq Mi
$85,183
Median Household Income
$46,427
Median Earnings
$1,362
Median Rent
$218,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Hake's Body Shop — 5810 lincoln hwy east, york, pa 17406
- Don's Cycle - York (ATV/SXS) — 5777 Lincoln Hwy E, York, PA 17406
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service property with reception, showroom, and on-site vehicle parking.
Where is this auto shop located?
The property is located at 5823 Lincoln Hwy York, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two parcels totaling 1.52 acres; Four lift‑ready service bays; Six additional drive‑in bays
