Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3806 W Ridge Rd Erie, PA 16506

    Sponsored
    For Lease
    $18 SF/Yr ($2,070 /Mo)

    COMMERCIAL - Millcreek, PA

    Property size:
    1,380 SF
    Lot size:
    0.54 Acres
    Days on Market:
    90
    Last Refresh:
    Jan 14 at 6:06 pm

    Property Features for 3806 W Ridge Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    33-054-227.0-011.00
    Parking
    15
    Size
    1,380 SF
    Lot size
    0.54 Acres

    Taxes and HOA fees

    Expense value
    50000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1963
    Building materials
    Block

    North Pittsburgh Realty LP (724) 933-8500 [email protected]

    Listing agent Jim Barbour (610) 967-0538 License #AB068949

    Listing date Oct 17, 2025

    Copyright © 2025 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Equipped Oil Change Facility Available

    This is an exceptional opportunity to lease a fully equipped oil change facility situated in a high-traffic corridor of Erie. The property, purpose-built for quick-service automotive use, is in excellent condition and ready for immediate operation, requiring minimal startup investment. The 1,380 square-foot building features multiple service bays, an office and reception area, and existing infrastructure designed for efficient customer flow. The property benefits from outstanding visibility, strong surrounding demographics, and easy access. The 0.539-acre site is suitable for an owner-operator or an expanding service brand. The previous operator performed well and purchased the property, demonstrating the site's proven success potential. Inventory and branding are all that's needed to begin operations. The property is located in Millcreek, PA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lakewood Lube Oil Change Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Bomar Auto Repair, Lakewood Lube, Tires For Less, Monro Auto Service And Tire Centers, J & C Truck and Trailer Repair, Inc

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.16069
    Latitude
    42.080113

    Nearby Similar for Lease

    • New
      $9 SF/Yr
      5,906 SF

      Remodeled Restaurant, Bar, and Apartment

      Remodeled restaurant, bar, and apartment near Waldameer and Presque Isle.
      3040 W Lake Rd, Erie, PA 16505
      View Details
    • New
      $8 SF/Yr
      4,325 SF

      Remodeled Restaurant and Bar Space

      Remodeled restaurant and bar near Waldameer and Presque Isle.
      3040 W Lake Rd, Erie, PA 16505
      View Details
    • New
      $3,000 /Mo
      1,672 SF

      Erie Restaurant Ready for Lease

      Turn-key restaurant space available for lease in Erie, Pennsylvania.
      1018 State St, Erie, PA 16501
      View Details
    • $17 SF/Yr
      1,457 SF

      Furnished Office Suite in Erie

      Furnished office suite with conference room, kitchenette, and free parking.
      4701 Old Zuck Rd, Erie, PA 16506
      View Details
    • $6 SF/Yr
      4,250 SF

      Erie Warehouse/Distribution Space Available

      Warehouse/distribution space with truck dock and overhead door in Erie, PA.
      2814 Buffalo Rd, Erie, PA 16510
      View Details
    • $12 SF/Yr
      5,836 SF

      Downtown Erie Office Suite

      Updated office suite in downtown Erie with parking garage.
      818 State St, Erie, PA 16501
      View Details
    • $15 SF/Yr
      865 SF

      Erie Retail/Office Space For Lease

      Commercial space for lease in modern living community, Erie, PA.
      2890 Copperleaf Pl, Erie, PA 16509
      View Details
    • $15 SF/Yr
      865 SF

      Erie Commercial Space For Lease

      Commercial space for lease in modern living community development.
      2890 Copperleaf Pl, Erie, PA 16509
      View Details
    • $1,500 /Mo
      11,568 SF

      Erie Office Space For Rent

      Private office space near downtown Erie with modern amenities.
      435 W 10Th St, Erie, PA 16502
      View Details
    • $750 /Mo
      800 SF

      Retail/Office Space in Erie, PA

      Retail or office space with high visibility and ample parking.
      4437 W Ridge Rd, Erie, PA 16506
      View Details
    • $4 SF/Yr
      7,380 SF

      Erie Flex Space Available

      7,380 SF flex space in gated commercial complex.
      141 E 26Th St, Erie, PA 16504
      View Details
    • $1,100 /Mo
      1,500 SF

      Erie Retail/Office Space Available

      1,500 SF retail/office space with open layout and parking.
      3523 Buffalo Rd, Erie, PA 16510
      View Details

    FAQs

    What type of property is this?
    Auto shop - Fully equipped oil change facility in high-traffic Millcreek corridor.
    Where is this auto shop located?
    The property is located at 3806 W Ridge Rd Erie, PA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Fully equipped oil change facility ready for immediate operation.; - Located in a high-traffic corridor with outstanding visibility and easy access.; - Purpose-built design for efficient quick-service automotive use.
    (610) 967-0538
    Request Owner's contact information
    3806 W Ridge Rd Erie, PA 16506
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3806 W Ridge Rd
    Erie, PA 16506
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3806 W Ridge Rd Erie, PA 16506
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.