Auto Repair Shop with Body
For Sale
$189,900
700 Monongahela Ave, Glassport, PA 15045
Dual-service facility with repair bays, a paint room, and licensing for vehicle inspection, emissions, and painting.
Property Size1,800 SF
Lot Size0.13 Acres
Price / SF$105.50
Days on Market128
Property Features for 700 Monongahela Ave
General Information
Standard status
Active
Size
1,800 SF
Lot size
0.13 Acres
Additional Details
Business Included
Yes
Service Bays
3
Taxes and HOA fees
Annual Taxes
$1,333
Amenities
Paint room
Building Details
Buildings
1
Listing Agency:
RE/MAX Select Realty
(724) 933-6300
Listed By:
Dick Charles
(724) 933-6300
Source:
Exprealty
Added: Apr 27
Changed: Aug 31
Last Checked: Aug 31 at 7:01PM
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 RE/MAX Select Realty
Investment Insights
Based on property information with market context.
This automotive service property combines mechanical repair and collision-related operations in an approximately 1,800-square-foot garage. The facility includes three service bays with lifts, four garage doors measuring 9.5 by 8 feet, a dedicated paint room, and licensing for vehicle inspection, emissions, and painting. Equipment includes two Eagle post lifts and an Emglo compressor. The building also has 200 Amp electrical service and a new roof.
The property occupies an approximately 5,500-square-foot lot at 700 Monongahela Ave in Glassport, Pennsylvania. Its existing configuration supports continued automotive service use, subject to applicable requirements. The property is offered for sale with improvements and equipment described above.
The property occupies an approximately 5,500-square-foot lot at 700 Monongahela Ave in Glassport, Pennsylvania. Its existing configuration supports continued automotive service use, subject to applicable requirements. The property is offered for sale with improvements and equipment described above.
Key Highlights
- Approximately 1,800 SF garage on an approximately 5,500 sq ft lot
- Three service bays with lifts and four 9.5X8' garage doors
- Licensed for vehicle inspection, emissions, and painting
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
$9,603
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
5.06%
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%
$192,060
$192.1K
Cap Rate 7%
$137,186
$137.2K
Cap Rate 9%
$106,700
$106.7K
Market Conditions
NOI Build-Up for 1,800 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
$14.7K $8.16/SF
− Vacancy
−$969 −$0.54/SF
EGI
$13.7K $7.62/SF
− OpEx
−$4.1K −$2.29/SF
NOI
$9.6K $5.34/SF
Area
Allegheny County, PA
Vacancy
6.60%
Lease Rate
$8.16 /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%
$192,060
Cap Rate 7%
$137,186
Cap Rate 9%
$106,700
Alternative Uses
Best Use
Retail
$299.7K
$262.2K – $349.7K
NOI $20,979 @ 7.0% cap · market cap 11.05%
Second Best
Industrial
$137.2K
$120.0K – $160.1K
NOI $9,603 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$458.5K
$401.2K – $534.9K
NOI $32,094 @ 7.0% cap · market cap 16.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
18k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
7,618 visits/mo
0.3 miles
Family Dollar
Shops & Services
4,531 visits/mo
0.1 miles
Sunoco
Shops & Services
3,293 visits/mo
0.4 miles
Huntington Bank
Shops & Services
1,446 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
839 visits/mo
0.3 miles
Demographics for 15045, PA
4,475
Population
2,121
Households
2.1
Avg Household Size
40
Median Age
12%
College-Educated
87%
High-School Grad
1.6 sq mi
ZIP Area
2,797
Density / Sq Mi
$45,354
Median Household Income
$29,941
Median Earnings
$844
Median Rent
$82,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Dual-service facility with repair bays, a paint room, and licensing for vehicle inspection, emissions, and painting.
Where is this auto shop located?
The property is located at 700 Monongahela Ave Glassport, PA.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Approximately 1,800 SF garage on an approximately 5,500 sq ft lot; Three service bays with lifts and four 9.5X8' garage doors; Licensed for vehicle inspection, emissions, and painting
