Flex Space with Heated
For Sale
$155,000
918 Tire Hill Road, Johnstown, PA 15905
Versatile commercial property with showroom, service area, outdoor storage, and room for truck and trailer parking.
Property Size2,400 SF
Price / SF$64.58
Days on Market62
Property Features for 918 Tire Hill Road
General Information
Standard status
Active
Size
2,400 SF
Taxes and HOA fees
Annual Taxes
$1,277
Listing Agency:
COLDWELL BANKER PRESTIGE REALTY
(814) 244-8687
Listed By:
Helen Dugan
(814) 244-8687
Source:
Exprealty
Added: Jun 30
Changed: Aug 29
Last Checked: Aug 29 at 8:02PM
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 COLDWELL BANKER PRESTIGE REALTY
Investment Insights
Based on property information with market context.
This steel-frame commercial property combines a 30' x 30' heated shop with a 30' x 60' showroom, separated by steel sliding doors. The building includes concrete floors, storefront windows, two overhead garage doors measuring 8' and 10', and a recently painted exterior and roof. Heating is provided by propane forced air, with coal and wood heat also available. Public sewer, a private well, electric service, an air compressor with twin tanks, and compressed air lines at the workbench area support service and light industrial functions.
The property occupies 0.97 acres along Tire Hill Road in Conemaugh Township, Somerset County, with extensive road frontage and customer, vendor, and delivery access. Gravel parking accommodates trucks, trailers, and equipment. A partially fenced yard, pavilion, fire pit, and additional outdoor storage expand the usable site area. The building was designed to allow a future second story.
The property occupies 0.97 acres along Tire Hill Road in Conemaugh Township, Somerset County, with extensive road frontage and customer, vendor, and delivery access. Gravel parking accommodates trucks, trailers, and equipment. A partially fenced yard, pavilion, fire pit, and additional outdoor storage expand the usable site area. The building was designed to allow a future second story.
Key Highlights
- 2,400 sq. ft. commercial building on 0.97 acres
- 30' x 30' heated shop paired with a 30' x 60' showroom
- Two overhead garage doors measuring 8' and 10'
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
$14,004
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
9.03%
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%
$280,080
$280.1K
Cap Rate 7%
$200,057
$200.1K
Cap Rate 9%
$155,600
$155.6K
Market Conditions
NOI Build-Up for 2,400 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
$21.2K $8.83/SF
− Vacancy
−$1.2K −$0.49/SF
EGI
$20.0K $8.34/SF
− OpEx
−$6.0K −$2.50/SF
NOI
$14.0K $5.83/SF
Area
Cambria 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%
$280,080
Cap Rate 7%
$200,057
Cap Rate 9%
$155,600
Alternative Uses
Best Use
Retail
$338.4K
$296.1K – $394.8K
NOI $23,688 @ 7.0% cap · market cap 15.28%
Second Best
Flex RnD
$239.8K
$209.9K – $279.8K
NOI $16,788 @ 7.0% cap · market cap 10.83%
Theoretical Best
Office A
$724.1K
$633.6K – $844.8K
NOI $50,688 @ 7.0% cap · market cap 32.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15905, PA
19,654
Population
9,907
Households
2
Avg Household Size
50
Median Age
35%
College-Educated
96%
High-School Grad
41.5 sq mi
ZIP Area
474
Density / Sq Mi
$70,620
Median Household Income
$45,285
Median Earnings
$893
Median Rent
$118,600
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial property with showroom, service area, outdoor storage, and room for truck and trailer parking.
Where is this flex space located?
The property is located at 918 Tire Hill Road Johnstown, PA.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 2,400 sq. ft. commercial building on 0.97 acres; 30' x 30' heated shop paired with a 30' x 60' showroom; Two overhead garage doors measuring 8' and 10'
