Corner-Lot Auto
For Sale
$239,900
1066 N James St, Hazleton, PA 18202
Two garage doors, office, bathroom, and three-phase power support shop operations.
Property Size2,464 SF
Price / SF$97.36
Days on Market69
Property Features for 1066 N James St
General Information
Standard status
Active
Size
2,464 SF
Property subtype
Commercial
Amenities
Bathroom
office
2-man doors
2 garage doors
Coal heat
cast iron radiators
2 zones
Three phase power
Compressed air plumbed throughout building
Monitored security system
Outdoor lighting
Listing Agency:
Benjamin Real Estate
(570) 788-4104
Listed By:
Trieste Galbiati
Source:
Nepahousehunt
Added: Jun 24
Changed: Aug 31
Last Checked: Aug 31 at 5:32PM
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 Benjamin Real Estate
Investment Insights
Based on property information with market context.
This 2,464-square-foot auto shop is configured for hands-on vehicle service, with an office, bathroom, two man doors, and two garage doors. Building systems include coal heat with cast iron radiators serving two zones, along with three-phase electrical power and compressed air plumbed throughout the structure.
The property occupies a corner lot at 1066 N James St in Hazle Twp, Pennsylvania. Exterior features include outdoor lighting, while a monitored security system provides an installed security component for the building. The combination of service-oriented layout and existing mechanical infrastructure supports automotive shop use.
The property occupies a corner lot at 1066 N James St in Hazle Twp, Pennsylvania. Exterior features include outdoor lighting, while a monitored security system provides an installed security component for the building. The combination of service-oriented layout and existing mechanical infrastructure supports automotive shop use.
Key Highlights
- 2,464‑square‑foot auto shop on a corner lot
- Two garage doors and two man doors
- Three‑phase power and compressed air plumbed throughout
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
$20,491
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
8.54%
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%
$409,820
$409.8K
Cap Rate 7%
$292,729
$292.7K
Cap Rate 9%
$227,678
$227.7K
Market Conditions
NOI Build-Up for 2,464 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
$32.5K $13.20/SF
− Vacancy
−$3.3K −$1.32/SF
EGI
$29.3K $11.88/SF
− OpEx
−$8.8K −$3.56/SF
NOI
$20.5K $8.32/SF
Area
Luzerne County, PA
Vacancy
10.00%
Lease Rate
$13.20 /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%
$409,820
Cap Rate 7%
$292,729
Cap Rate 9%
$227,678
Alternative Uses
Best Use
Retail
$292.7K
$256.1K – $341.5K
NOI $20,491 @ 7.0% cap · market cap 8.54%
Second Best
Industrial
$194.3K
$170.0K – $226.6K
NOI $13,598 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$780.6K
$683.0K – $910.7K
NOI $54,642 @ 7.0% cap · market cap 22.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18202, PA
13,894
Population
6,036
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
88%
High-School Grad
35.0 sq mi
ZIP Area
397
Density / Sq Mi
$55,517
Median Household Income
$35,330
Median Earnings
$1,029
Median Rent
$182,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Super Gomas Hazleton | Used tires — 1117 W 15th St, Hazleton, PA 18201
- Corrado's Tire and Service Center — 798 Grant St, Hazleton, PA 18201
Frequently Asked Questions
What type of property is this?
Auto shop - Two garage doors, office, bathroom, and three-phase power support shop operations.
Where is this auto shop located?
The property is located at 1066 N James St Hazleton, PA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 2,464‑square‑foot auto shop on a corner lot; Two garage doors and two man doors; Three‑phase power and compressed air plumbed throughout
