Building Details

Year Built 1986

Listing Agency: Coldwell Banker Commercial Pennco Real Estate s***@ccim.net Show Phone

Listed By: Spiros Bilianis · License #PA

Source: Crexi

Added: Jul 27, 2024 Changed: Aug 24 Last Checked: Aug 28 at 6:30PM

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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 Coldwell Banker Commercial Pennco Real Estate

Investment Insights

Based on property information with market context.

This commercially zoned property in Long Pond, PA, spans three acres and features over 250 feet of frontage on I-80. The property includes a 2,346 square foot personal auto service garage, measuring 74 feet by 32 feet, and equipped with a lift. Additionally, there is a 980 square foot single-wide mobile home, measuring 70 feet by 14 feet, that requires renovations, and a 400 square foot shed.

Key Highlights

• Commercially zoned three‑acre property
• 250+ feet of I‑80 frontage**
• Includes a 2,346 sq ft auto service garage with a lift

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

$19,757

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

7.75%

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%

$395,140 $395.1K

Cap Rate 7%

$282,243 $282.2K

Cap Rate 9%

$219,522 $219.5K

Market Conditions

NOI Build-Up for 3,386 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

$29.9K $8.83/SF

− Vacancy

−$1.7K −$0.49/SF

EGI

$28.2K $8.34/SF

− OpEx

−$8.5K −$2.50/SF

NOI

$19.8K $5.83/SF

Area

Monroe 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%

$395,140

Cap Rate 7%

$282,243

Cap Rate 9%

$219,522

Alternative Uses

Best Use

Retail

$545.5K

$477.3K – $636.4K (±1% cap)

NOI $38,184 @ 7.0% cap · market cap 14.97%

Second Best

Industrial

$282.2K

$247.0K – $329.3K (±1% cap)

NOI $19,757 @ 7.0% cap · market cap 7.75%

Theoretical Best

Office A

$1.01M

$886.8K – $1.18M (±1% cap)

NOI $70,943 @ 7.0% cap · market cap 27.82%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Auto shops

Suggested Use

Top Pick Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Restaurant Grocery & Convenience Store Food Market Discount Store

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

21

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 18334, PA

4,312

Population

2,643

Households

1.6

Avg Household Size

43

Median Age

19%

College-Educated

92%

High-School Grad

24.0 sq mi

ZIP Area

180

Density / Sq Mi

$100,190

Median Household Income

$41,908

Median Earnings

$1,078

Median Rent

$240,900

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Auto shop - Three-acre commercially zoned property with auto service garage and mobile home.

Where is this auto shop located?

The property is located at 140 Roads End Long Pond, PA.

What is the asking price?

The asking price for this property is $255,000.

What are key features of this property?

This property features: Commercially zoned three‑acre property; 250+ feet of I‑80 frontage**; Includes a 2,346 sq ft auto service garage with a lift