Mixed-Use Building with
For Sale
$349,000
1001 Old Berwick Rd, Bloomsburg, PA 17815
Four-unit mixed-use building with on-site parking.
Property Size4,050 SF
Price / SF$86.17
Days on Market98
Property Features for 1001 Old Berwick Rd
General Information
Standard status
Active
Size
4,050 SF
Taxes and HOA fees
Annual Taxes
$4,537
Listing Agency:
CENTURY 21 COVERED BRIDGES REALTY
(570) 204-2475
Listed By:
SUSAN L BARCHIK · License #AB060015L
(570) 204-2475
Source:
Exprealty
Added: May 18
Changed: Aug 23
Last Checked: Aug 21 at 4:32AM
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 CENTURY 21 COVERED BRIDGES REALTY
Investment Insights
Based on property information with market context.
This well-kept mixed-use building features two one-bedroom apartments and two commercial units. The commercial units are ideally suited for professional or personal-care services. The property includes 16 on-site parking spaces and offers strong visibility in a convenient location. This property presents an excellent investment opportunity with flexible use and solid income potential. The building has a size of 4050 square feet.
Key Highlights
- 4‑unit mixed‑use building featuring two 1‑bedroom apartments and two commercial units.
- 16 on‑site parking spaces provide ample parking.
- Strong visibility in a high‑exposure location.
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
$21,688
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
6.21%
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%
$433,760
$433.8K
Cap Rate 7%
$309,829
$309.8K
Cap Rate 9%
$240,978
$241.0K
Market Conditions
NOI Build-Up for 4,050 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
$36.5K $9.00/SF
− Vacancy
−$1.7K −$0.43/SF
EGI
$34.7K $8.57/SF
− OpEx
−$13.0K −$3.21/SF
NOI
$21.7K $5.35/SF
Area
Columbia County, PA
Vacancy
4.80%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
37.50%
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%
$433,760
Cap Rate 7%
$309,829
Cap Rate 9%
$240,978
Alternative Uses
Best Use
Multifamily LT 5
$687.8K
$601.8K – $802.5K
NOI $48,147 @ 7.0% cap · market cap 13.80%
Second Best
Apartment 5plus
$611.9K
$535.5K – $713.9K
NOI $42,836 @ 7.0% cap · market cap 12.27%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $95,052 @ 7.0% cap · market cap 27.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Explore this area
Business Placement
Demographics for 17815, PA
28,936
Population
12,661
Households
2.3
Avg Household Size
36
Median Age
32%
College-Educated
93%
High-School Grad
125.7 sq mi
ZIP Area
230
Density / Sq Mi
$66,145
Median Household Income
$36,695
Median Earnings
$968
Median Rent
$216,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-unit mixed-use building with on-site parking.
Where is this mixed-use property located?
The property is located at 1001 Old Berwick Rd Bloomsburg, PA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 4‑unit mixed‑use building featuring two 1‑bedroom apartments and two commercial units.; 16 on‑site parking spaces provide ample parking.; Strong visibility in a high‑exposure location.
