Auto Shop with Vehicle
For Sale
$595,000
800 Providence Rd, Scranton, PA 18508
Automotive service property with office space, customer waiting area, multiple parking areas, and included shop equipment.
Property Size6,547 SF
Price / SF$90.88
Days on Market16
Property Features for 800 Providence Rd
General Information
Standard status
Active
Size
6,547 SF
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Amenities
gas heat
air conditioning
public sewer
public water
Building Details
Year Built
1945
Construction
block
Listing Agency:
CLASSIC PROPERTIES
(570) 840-1021
Listed By:
Kimberlee Glinsky · License #RS195179L
Source:
Revolvepa
Added: Aug 14
Changed: Aug 28
Last Checked: Aug 28 at 1:08PM
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 CLASSIC PROPERTIES
Investment Insights
Based on property information with market context.
This automotive service property includes approximately 6,547 square feet across two parcels. The building features a substantial garage area, office space, a customer waiting room with air conditioning, gas heat, block-wall construction, and parking positioned at the front, side, and rear. Public water and sewer serve the property.
Included equipment consists of four vehicle lifts, two air compressors, an Atlas metal lathe, and a parts washer. The property also includes an exterior security camera system, interior motion-based security system, and Avaya phone system; equipment is included without warranty. Its location offers convenient access to the highway.
Included equipment consists of four vehicle lifts, two air compressors, an Atlas metal lathe, and a parts washer. The property also includes an exterior security camera system, interior motion-based security system, and Avaya phone system; equipment is included without warranty. Its location offers convenient access to the highway.
Key Highlights
- Approximately 6,547 square feet of automotive service space
- Two parcels with front, side, and rear parking areas
- Four vehicle lifts and two air compressors included
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
$38,201
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
6.42%
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%
$764,020
$764.0K
Cap Rate 7%
$545,729
$545.7K
Cap Rate 9%
$424,456
$424.5K
Market Conditions
NOI Build-Up for 6,547 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
$57.8K $8.83/SF
− Vacancy
−$3.2K −$0.49/SF
EGI
$54.6K $8.34/SF
− OpEx
−$16.4K −$2.50/SF
NOI
$38.2K $5.83/SF
Area
Lackawanna County, PA
Vacancy
5.60%
Lease Rate
$8.83 /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%
$764,020
Cap Rate 7%
$545,729
Cap Rate 9%
$424,456
Alternative Uses
Best Use
Retail
$878.9K
$769.1K – $1.03M
NOI $61,525 @ 7.0% cap · market cap 10.34%
Second Best
Industrial
$545.7K
$477.5K – $636.7K
NOI $38,201 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,322 @ 7.0% cap · market cap 19.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,292
Businesses Nearby
29k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 49%
Taco Bell
Dining
14,560 visits/mo
0.3 miles
Turkey Hill Minit Market
Shops & Services
13,517 visits/mo
0.2 miles
Carquest Auto Parts # 8786
Shops & Services
539 visits/mo
0.5 miles
Demographics for 18508, PA
11,664
Population
5,466
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
1,715
Density / Sq Mi
$44,706
Median Household Income
$31,055
Median Earnings
$1,034
Median Rent
$120,700
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.
Similar Off Market Nearby
- Super car super tires(used tires) — 220 S 7th Ave, Scranton, PA 18505
- Franks Shop — 407-411 N 6th Ave, Scranton, PA 18503
- Mavis Discount Tire — 119 Linden St, Scranton, PA 18503
- West Henderson auto shop — 499 Mulberry St, Scranton, PA 18503
- WINDSHIELD GUYZ — 630 Jefferson Ave, Scranton, PA 18510
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service property with office space, customer waiting area, multiple parking areas, and included shop equipment.
Where is this auto shop located?
The property is located at 800 Providence Rd Scranton, PA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Approximately 6,547 square feet of automotive service space; Two parcels with front, side, and rear parking areas; Four vehicle lifts and two air compressors included
