Body Shop with Included
For Sale
$458,800
27 Green Grove, Scott Twp, PA 18447
Existing automotive service building with equipment conveyed in the sale and flexibility for continued or alternative commercial use.
Property Size3,700 SF
Price / SF$124
Days on Market520
Property Features for 27 Green Grove
General Information
Standard status
Active
Size
3,700 SF
Property subtype
Business
Taxes and HOA fees
Annual Taxes
$1,952
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
(570) 650-4172
Source:
Luxehomesnepa
Added: Apr 11, 2025
Changed: Sep 10
Last Checked: Sep 11 at 3:29PM
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
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.
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 = 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
$34,771
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
7.58%
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%
$695,420
$695.4K
Cap Rate 7%
$496,729
$496.7K
Cap Rate 9%
$386,344
$386.3K
Market Conditions
NOI Build-Up for 3,700 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
$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 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%
$695,420
Cap Rate 7%
$496,729
Cap Rate 9%
$386,344
Alternative Uses
Best Use
Retail
$496.7K
$434.6K – $579.5K
NOI $34,771 @ 7.0% cap · market cap 7.58%
Second Best
Industrial
$308.4K
$269.9K – $359.8K
NOI $21,589 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$939.1K
$821.7K – $1.10M
NOI $65,739 @ 7.0% cap · market cap 14.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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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 $458,800.
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
