Automotive Property With
New
For Sale
$998,000
12 Queen Street, Wellsboro, PA 16901
Commercial Sale, Wellsboro, PA
Property Size16,133 SF
Lot Size1.32 Acres
Price / SF$61.86
Days on Market1
Property Features for 12 Queen Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
5
Half bathrooms
5
Rooms
Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 4, Bathroom 2
Elementary school district
Wellsboro Area
Middle school district
Wellsboro Area
High school district
Wellsboro Area
Subdivision
Tioga
Standard status
Active
Size
16,133 SF
Lot size
1.32 Acres
Amenities
paved parking
Building Details
Year built
1960
Listing Agency:
Mountain Valley Realty, Inc.
(570) 723-8484
Listed By:
Victoria Murphy
(570) 439-0821
Added: Sep 22
Last Checked: Sep 22 at 7:06PM
MLS# 31728288
Copyright © 2026 Northern Mountains of Pennsylvania MLS. 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.
This 16,133-square-foot automotive property, built in 1960, includes an auto parts retail operation, service shop, and warehouse area. The building also contains two rental spaces that are currently occupied, along with five bathrooms. Paved parking supports the site and complements the commercial improvements.
The property occupies 1.32 acres at 12 Queen Street in Wellsboro, Pennsylvania, with frontage along Queen and Brewery Streets. Its location within the borough provides a visible setting for the existing automotive-oriented configuration, while the combination of retail, shop, warehouse, and rental areas creates a varied commercial layout.
The property occupies 1.32 acres at 12 Queen Street in Wellsboro, Pennsylvania, with frontage along Queen and Brewery Streets. Its location within the borough provides a visible setting for the existing automotive-oriented configuration, while the combination of retail, shop, warehouse, and rental areas creates a varied commercial layout.
Key Highlights
- 16,133‑square‑foot automotive property built in 1960
- 1.32‑acre site at 12 Queen Street, Wellsboro, PA 16901
- Auto parts retail area with service shop and warehouse
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
$83,533
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
8.37%
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%
$1,670,660
$1.7M
Cap Rate 7%
$1,193,329
$1.2M
Cap Rate 9%
$928,144
$928.1K
Market Conditions
NOI Build-Up for 16,133 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
$129.7K $8.04/SF
− Vacancy
−$10.4K −$0.64/SF
EGI
$119.3K $7.40/SF
− OpEx
−$35.8K −$2.22/SF
NOI
$83.5K $5.18/SF
Area
Tioga County, PA
Vacancy
8.00%
Lease Rate
$8.04 /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%
$1,670,660
Cap Rate 7%
$1,193,329
Cap Rate 9%
$928,144
Alternative Uses
Best Use
Warehouse
$1.63M
$1.43M – $1.91M
NOI $114,305 @ 7.0% cap · market cap 11.45%
Second Best
Industrial
$1.34M
$1.18M – $1.57M
NOI $94,134 @ 7.0% cap · market cap 9.43%
Theoretical Best
Healthcare Medical
$2.75M
$2.40M – $3.21M
NOI $192,374 @ 7.0% cap · market cap 19.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 16901, PA
10,561
Population
5,360
Households
2
Avg Household Size
47
Median Age
28%
College-Educated
93%
High-School Grad
230.4 sq mi
ZIP Area
46
Density / Sq Mi
$66,003
Median Household Income
$40,723
Median Earnings
$863
Median Rent
$210,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Automotive property - Large automotive facility with service, storage, paved parking, and two occupied rental spaces.
Where is this automotive property located?
The property is located at 12 Queen Street Wellsboro, PA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: 16,133‑square‑foot automotive property built in 1960; 1.32‑acre site at 12 Queen Street, Wellsboro, PA 16901; Auto parts retail area with service shop and warehouse
