Auto Shop with Drive-In
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70 Morgantown Rd, Reading, PA 19611
Former fleet service facility with multiple drive-in bays for vehicle and equipment servicing.
Property Size10,000 SF
Price / SF$98.50
Days on Market5
Property Features for 70 Morgantown Rd
General Information
Standard status
Active
Size
10,000 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Amenities
Multiple Drive-In Service Bays
Listing Agency:
NAI Keystone Commercial & Industrial, LLC
(610) 370-8507
Listed By:
Patrick "Pat" Zerbe · License #RS356626
Source:
Moodyscre
Added: Aug 11
Changed: Aug 14
Last Checked: Aug 15 at 8:29AM
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 NAI Keystone Commercial & Industrial, LLC
Investment Insights
Based on property information with market context.
This 10,000-square-foot auto shop at 70 Morgantown Rd in Reading, Pennsylvania, was formerly used as a fleet service facility. The building includes multiple drive-in service bays and is configured to accommodate large vehicles and equipment.
The property offers an established automotive service layout with direct drive-in functionality. Its Morgantown Road address provides highway connectivity for service operations involving fleet, commercial, or other large vehicles.
The property offers an established automotive service layout with direct drive-in functionality. Its Morgantown Road address provides highway connectivity for service operations involving fleet, commercial, or other large vehicles.
Key Highlights
- 10,000‑square‑foot automotive service facility
- Former fleet service use
- Multiple drive‑in service 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
$70,852
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
7.19%
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%
$1,417,040
$1.4M
Cap Rate 7%
$1,012,171
$1.0M
Cap Rate 9%
$787,244
$787.2K
Market Conditions
NOI Build-Up for 10,000 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
$88.3K $8.83/SF
− Vacancy
−$4.9K −$0.49/SF
EGI
$83.4K $8.34/SF
− OpEx
−$12.5K −$1.25/SF
NOI
$70.9K $7.09/SF
Area
Berks County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
15.00%
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%
$1,417,040
Cap Rate 7%
$1,012,171
Cap Rate 9%
$787,244
Alternative Uses
Best Use
Retail
$1.45M
$1.27M – $1.69M
NOI $101,395 @ 7.0% cap · market cap 10.29%
Second Best
Warehouse
$1.01M
$885.7K – $1.18M
NOI $70,852 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $114,912 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19611, PA
11,238
Population
4,555
Households
2.5
Avg Household Size
35
Median Age
25%
College-Educated
85%
High-School Grad
2.0 sq mi
ZIP Area
5,619
Density / Sq Mi
$56,379
Median Household Income
$40,791
Median Earnings
$1,098
Median Rent
$161,900
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Diversilabs LLC — 1117 lancaster ave, reading, pa 19607
- Neil's Automotive — 1041 Brooke Blvd, Reading, PA 19607
- S Automotive & Fleet Services — 1230 lancaster ave, reading, pa 19607
- S Automotive and Fleet — 1230 Lancaster Ave, Reading, PA 19607
- Charles H. Price Auto Sales, Inc. — 1030 New Holland Rd, Reading, PA 19607
Frequently Asked Questions
What type of property is this?
Auto shop - Former fleet service facility with multiple drive-in bays for vehicle and equipment servicing.
Where is this auto shop located?
The property is located at 70 Morgantown Rd Reading, PA.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: 10,000‑square‑foot automotive service facility; Former fleet service use; Multiple drive‑in service bays
