Building Details

Building Size 3,700 SF

Year Built 1950

Buildings 1

Listing Agency: ERA One Source Realty

Listed By: Bonnie Borgna-Kiehart · License #RS293704 Show Phone

Source: Luxehomesnepa

Added: Apr 11, 2025 Changed: Oct 26 Last Checked: Oct 27 at 12:01AM

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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 ERA One Source Realty

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 3,700-square-foot automotive property was built in 1950 and is currently operated as a body shop. Equipment is included with the sale, allowing a purchaser to acquire an established physical setup for automotive operations or evaluate other commercial applications.

The property is located at 27 Green Grove in Scott Township, Pennsylvania, within ZIP code 18447. Its existing automotive use and included equipment provide a defined starting point for an owner-user or operator seeking a commercial building.

Key Highlights

• 3,700‑square‑foot commercial building
• Currently used as a body shop
• Equipment included in the sale

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,771

Cap Rate

7.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$695,420 $695.4K

Cap Rate 7%

$496,729 $496.7K

Cap Rate 9%

$386,344 $386.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,700 SF

Gross rent

$55.5K $15.00/SF

− Vacancy

−$5.8K −$1.58/SF

EGI

$49.7K $13.43/SF

− OpEx

−$14.9K −$4.03/SF

NOI

$34.8K $9.40/SF

Area

Lackawanna County, PA

Vacancy

10.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$695,420

Cap Rate 7%

$496,729

Cap Rate 9%

$386,344

Alternative Uses

Best Use

Retail

$496.7K

$434.6K – $579.5K (±1% cap)

NOI $34,771 @ 7.0% cap · market cap 7.64%

Second Best

Industrial

$308.4K

$269.9K – $359.8K (±1% cap)

NOI $21,589 @ 7.0% cap · market cap 4.74%

Theoretical Best

Office A

$939.1K

$821.7K – $1.10M (±1% cap)

NOI $65,739 @ 7.0% cap · market cap 14.45%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Big Box & Wholesale Store Garden Center Furniture & Home Goods Florist Storage Facility Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

18

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 18447, PA

10,362

Population

4,799

Households

2.2

Avg Household Size

45

Median Age

28%

College-Educated

96%

High-School Grad

19.9 sq mi

ZIP Area

521

Density / Sq Mi

$64,276

Median Household Income

$42,470

Median Earnings

$971

Median Rent

$194,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar For Sale Nearby

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$319,000

2,100 SF

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Similar Off Market Nearby

• Borgna's Body Shop LLC — 27 Green Grove Rd, Scott, PA 18447
• Meoni's Auto Services Inc — 27 Hilltop Dr, Olyphant, PA 18447
• Lohr Equipment & Welding — 887 Justus Blvd, Olyphant, PA 18447

Frequently Asked Questions

What type of property is this?

Auto shop - Existing automotive service building with equipment conveyed in the sale and flexibility for continued or alternative commercial use.

Where is this auto shop located?

The property is located at 27 Green Grove Scott Twp, PA.

What is the asking price?

The asking price for this property is $455,000.

What are key features of this property?

This property features: 3,700‑square‑foot commercial building; Currently used as a body shop; Equipment included in the sale