Three-Bay Garage with
For Sale
$215,000
4288 BLOOMINGROVE Road, Williamsport, PA 17701
COMMERCIAL - Williamsport, PA
Property Size2,388 SF
Lot Size0.20 Acres
Price / SF$90.03
Days on Market49
Property Features for 4288 BLOOMINGROVE Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking features
Off Street
Elementary school district
Williamsport
Middle school district
Williamsport
High school district
Williamsport
Subdivision
WILLIAMSPORT OTHER
Standard status
Active
APN
15+,309.1-0124.01-000+
Size
2,388 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
1400
Utilities
Heating system
Electric (Heating)
Water source
Well
Amenities
Reznar gas heaters
220-volt electrical service
three separate electric meters
private well
brand-new septic system
Building Details
Year built
1962
Floors in Building
1
Flooring type
Concrete
Building materials
Metal
Roof type
Metal
Listing Agency:
PREMIER REAL ESTATE AGENCY
(570) 601-0774
Listed By:
Marcy S Benson · License #RS159107A
(570) 419-9066
Added: Jul 1
Changed: Aug 4
Last Checked: Aug 18 at 4:06PM
MLS# WB-104279
Copyright © 2026 West Branch Valley Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is a versatile three-bay commercial/residential garage built for practical workspace use. Two of the bays are equipped with Reznar gas heaters. Electrical service is provided with 220-volt power in all three bays, and the building has three separate electric meters. A private well and a brand-new septic system are also included.
The property is listed for sale in Williamsport, Pennsylvania, with commercial zoning. The site measures approximately 0.2 acres.
With three bays and multiple utility services, the configuration is suited for operations that benefit from separate metering and dedicated work areas.
The property is listed for sale in Williamsport, Pennsylvania, with commercial zoning. The site measures approximately 0.2 acres.
With three bays and multiple utility services, the configuration is suited for operations that benefit from separate metering and dedicated work areas.
Key Highlights
- Three‑bay commercial/residential garage with metal construction and concrete flooring
- Two bays include Reznar gas heaters
- 220‑volt electrical service in all three bays with three separate electric meters
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
$16,919
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
7.87%
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%
$338,380
$338.4K
Cap Rate 7%
$241,700
$241.7K
Cap Rate 9%
$187,989
$188.0K
Market Conditions
NOI Build-Up for 2,388 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
$21.1K $8.83/SF
− Vacancy
−$1.2K −$0.49/SF
EGI
$19.9K $8.34/SF
− OpEx
−$3.0K −$1.25/SF
NOI
$16.9K $7.09/SF
Area
Lycoming County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
15.00%
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%
$338,380
Cap Rate 7%
$241,700
Cap Rate 9%
$187,989
Alternative Uses
Best Use
Warehouse
$241.7K
$211.5K – $282.0K
NOI $16,919 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.6K
$450.3K – $600.4K
NOI $36,024 @ 7.0% cap · market cap 16.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17701, PA
43,197
Population
20,891
Households
2.1
Avg Household Size
38
Median Age
28%
College-Educated
91%
High-School Grad
98.0 sq mi
ZIP Area
441
Density / Sq Mi
$52,770
Median Household Income
$33,643
Median Earnings
$869
Median Rent
$176,200
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?
Warehouse - Versatile three-bay garage includes 220-volt service, three electric meters, and a private well.
Where is this warehouse located?
The property is located at 4288 BLOOMINGROVE Road Williamsport, PA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Three‑bay commercial/residential garage with metal construction and concrete flooring; Two bays include Reznar gas heaters; 220‑volt electrical service in all three bays with three separate electric meters
