For Sale
$250,000
801 Universal Rd, Pittsburgh, PA 15235
Large 6-bay automotive garage with equipment on ~3/4 acre.
Property Size3,205 SF
Price / SF$78
Days on Market822
Property Features for 801 Universal Rd
General Information
Standard status
Active
Property type
Auto shops, Automotive properties, Retail properties & Spaces, Commercial real estate
Size
3,205 SF
Class
C
Listed By:
Susan Pittman
(412) 266-2507
Added: Jul 11, 2024
Changed: May 22
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,102
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,040
$362.0K
Cap Rate 7%
$258,600
$258.6K
Cap Rate 9%
$201,133
$201.1K
Market Conditions
NOI Build-Up for 3,205 SF
Gross rent
$27.3K $8.52/SF
− Vacancy
−$1.4K −$0.45/SF
EGI
$25.9K $8.07/SF
− OpEx
−$7.8K −$2.42/SF
NOI
$18.1K $5.65/SF
Area
ZIP 15235
Vacancy
5.30%
Lease Rate
$8.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,040
Cap Rate 7%
$258,600
Cap Rate 9%
$201,133
Alternative Uses
Best Use
Retail
$447.1K
$391.2K – $521.6K
NOI $31,297 @ 7.0% cap · market cap 12.52%
Second Best
Industrial
$258.6K
$226.3K – $301.7K
NOI $18,102 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$1.02M
$893.1K – $1.19M
NOI $71,451 @ 7.0% cap · market cap 28.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15235, PA
34,610
Population
16,942
Households
2
Avg Household Size
46
Median Age
36%
College-Educated
95%
High-School Grad
14.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$62,292
Median Household Income
$40,511
Median Earnings
$1,048
Median Rent
$132,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Pittsburgh, PA
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Similar Off Market Nearby
- Franks Auto Diagnostic & Repair — 500 Rodi Rd, Penn Hills, PA 15235
- AAMCO Transmissions & Total Car Care — 511 Rodi Rd, Pittsburgh, PA 15235
- Twisted Torque Motorsports — 1392 Frey Rd, Pittsburgh, PA 15235
- Meineke Car Care Center — 465 Rodi Rd, Penn Hills, PA 15235
- Valvoline Instant Oil Change — 501 Rodi Rd, Pittsburgh, PA 15235
Frequently Asked Questions
What type of property is this?
Auto shop - Large 6-bay automotive garage with equipment on ~3/4 acre.
Where is this auto shop located?
The property is located at 801 Universal Rd Pittsburgh, PA.
What is the asking price?
The asking price for this property is $250,000.
