Automotive Garage on Large
For Sale
Contact for pricing
801 Universal Rd, Pittsburgh, PA 15235
Large 6-bay automotive garage with equipment on ~3/4 acre.
Property Size3,205 SF
Lot Size0.75 Acres
Price / SF$78
Days on Market774
Property Features for 801 Universal Rd
General Information
Standard status
Active
Size
3,205 SF
Lot size
0.75 Acres
Property subtype
Retail, Special Purpose
Listing Agency:
Keller Williams
(412) 682-0120
Listed By:
Susan Pittman · License #RS339354
Source:
Crexi
Added: Jul 11, 2024
Changed: Jul 6
Last Checked: Aug 22 at 1:03PM
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 is a large 6-bay automotive and body repair garage with business equipment, situated in Pittsburgh, PA. The garage provides 3205 square feet of space and is positioned on a lot of approximately 3/4 acre, offering substantial space for vehicle parking and storage. A partially fenced area separates the outdoor space. Equipment includes lifts. The property is located at the corner of Universal Road and Collins Drive, adjacent to a Mini Mart. Traffic count averages 12,500 vehicles per day. The location is within minutes of Parkway East 376, Downtown Pittsburgh, and the PA Turnpike.
Key Highlights
- Large 6‑bay automotive and body repair garage with business equipment included.
- 3205 sq ft garage on a ~3/4 acre lot with ample parking and storage space.
- Excellent location at the corner of Universal Road and Collins Dr, next to a Mini Mart.
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
$18,102
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
7.24%
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%
$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
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
$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 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%
$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
Property Profile
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
Market
Vacancy Rate% for Retail in Pittsburgh, PA
Questions? Ask Rey
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Similar Off Market Nearby
- Meineke Car Care Center — 465 Rodi Rd, Penn Hills, PA 15235
- Valvoline Instant Oil Change — 501 Rodi Rd, Pittsburgh, PA 15235
- Twisted Torque Motorsports — 1392 Frey Rd, Pittsburgh, PA 15235
- Franks Auto Diagnostic & Repair — 500 Rodi Rd, Penn Hills, PA 15235
- AAMCO Transmissions & Total Car Care — 511 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.
What are key features of this property?
This property features: Large 6‑bay automotive and body repair garage with business equipment included.; 3205 sq ft garage on a ~3/4 acre lot with ample parking and storage space.; Excellent location at the corner of Universal Road and Collins Dr, next to a Mini Mart.
