Four Bay Commercial
For Sale
Contact for pricing
700 Rodi Rd, Pittsburgh, PA 15235
Well-maintained garage with high visibility and great access.
Property Size2,340 SF
Lot Size0.65 Acres
Price / SF$341.88
Days on Market1108
Property Features for 700 Rodi Rd
General Information
Standard status
Active
Size
2,340 SF
Lot size
0.65 Acres
Property subtype
Land, Retail, Special Purpose
Listing Agency:
Keller Williams
(412) 682-0120
Listed By:
Susan Pittman · License #RS339354
Source:
Crexi
Added: Aug 11, 2023
Changed: Jul 6
Last Checked: Aug 21 at 5:50AM
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 Keller Williams
Investment Insights
Based on property information with market context.
This four-bay commercial garage, featuring two truck bays and two car bays, is located just off the Parkway East, near the PA Turnpike. The well-maintained brick building includes office space, an outdoor bathroom, and a large parking lot. The building is estimated to have 2,340 square feet of interior space, situated on a 28,161 square foot lot. A newer roof has been installed. The corner lot, accessible via traffic lights, offers excellent ingress and egress. High traffic count on Rodi Road provides great visibility for any business or development, making it suitable for businesses seeking customer interaction. The location is just off of 376 Parkway East near PA Turnpike.
Key Highlights
- Prime location with high visibility just off 376 Parkway East and near PA Turnpike.
- Four‑bay commercial garage with 2 truck and 2 car bays.
- Large parking lot with great ingress and egress due to corner lot with traffic light access.
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
$22,850
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
2.86%
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%
$457,000
$457.0K
Cap Rate 7%
$326,429
$326.4K
Cap Rate 9%
$253,889
$253.9K
Market Conditions
NOI Build-Up for 2,340 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
$35.1K $15.00/SF
− Vacancy
−$2.5K −$1.05/SF
EGI
$32.6K $13.95/SF
− OpEx
−$9.8K −$4.19/SF
NOI
$22.9K $9.76/SF
Area
ZIP 15235
Vacancy
7.00%
Lease Rate
$15.00 /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%
$457,000
Cap Rate 7%
$326,429
Cap Rate 9%
$253,889
Alternative Uses
Best Use
Retail
$326.4K
$285.6K – $380.8K
NOI $22,850 @ 7.0% cap · market cap 2.86%
Second Best
Industrial
$188.8K
$165.2K – $220.3K
NOI $13,216 @ 7.0% cap · market cap 1.65%
Theoretical Best
Office A
$745.2K
$652.1K – $869.5K
NOI $52,167 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
20k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Hotels & Casinos 13%
Sunoco
Shops & Services
14,026 visits/mo
0.4 miles
Comfort Inn Conference Center
Hotels & Casinos
2,720 visits/mo
0.2 miles
7-Eleven
Shops & Services
2,571 visits/mo
0.3 miles
U-Haul Moving & Storage of Penn Hills
Shops & Services
1,057 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in Pittsburgh, PA
Questions? Ask Rey
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Similar Off Market Nearby
- Hubcap Heaven & Wheels Inc. — 557 Rodi Rd, Pittsburgh, PA 15235
- Pittsburgh Brake Stop — 700 Rodi Rd, Pittsburgh, PA 15235
- E & D Rochez Auto Repair — 560 Hoover Rd, Pittsburgh, PA 15235
- Three Rivers Auto Glass — 560 Hoover Rd, Penn Hills, PA 15235
- Allegheny County Customs — 650 Rodi Rd, Penn Hills, PA 15235
Frequently Asked Questions
What type of property is this?
Auto shop - Well-maintained garage with high visibility and great access.
Where is this auto shop located?
The property is located at 700 Rodi Rd Pittsburgh, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Prime location with high visibility just off 376 Parkway East and near PA Turnpike.; Four‑bay commercial garage with 2 truck and 2 car bays.; Large parking lot with great ingress and egress due to corner lot with traffic light access.
