Two-Story Motel With
For Sale
$995,000
155 JOHNS STREET, Johnstown, PA 15901
The property includes a dining area and is positioned near medical, government, and sports facilities.
Property Size19,090 SF
Price / SF$52.12
Days on Market43
Property Features for 155 JOHNS STREET
General Information
Standard status
Active
Size
19,090 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
1977
Stories
2
Listing Agency:
RSR, REALTORS, LLC
(717) 763-1212
Listed By:
Gary Nalbandian · License #AB068546
(717) 877-4500
Source:
Cummingsrealtors
Added: Aug 12
Changed: Sep 23
Last Checked: Sep 22 at 3:35PM
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 RSR, REALTORS, LLC
Investment Insights
Based on property information with market context.
This 55-unit motel is arranged across two stories and includes a lobby and dining area. Built in 1977, the property offers an established lodging configuration with common-area space for guests and operations.
The motel is located at 155 Johns Street in Johnstown, Pennsylvania, along main arterial roads. Nearby points of interest identified for the property include a hospital, local and federal government buildings, and a minor league ballpark.
The motel is located at 155 Johns Street in Johnstown, Pennsylvania, along main arterial roads. Nearby points of interest identified for the property include a hospital, local and federal government buildings, and a minor league ballpark.
Key Highlights
- 55‑unit motel with two‑story configuration
- Lobby and dining area included
- Built in 1977
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
$61,207
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
6.15%
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%
$1,224,140
$1.2M
Cap Rate 7%
$874,386
$874.4K
Cap Rate 9%
$680,078
$680.1K
Market Conditions
NOI Build-Up for 19,090 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
$286.4K $15.00/SF
− Vacancy
−$157.5K −$8.25/SF
EGI
$128.9K $6.75/SF
− OpEx
−$67.7K −$3.54/SF
NOI
$61.2K $3.21/SF
Area
Cambria County, PA
Vacancy
55.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
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%
$1,224,140
Cap Rate 7%
$874,386
Cap Rate 9%
$680,078
Alternative Uses
Best Use
Hotel Hospitality
$874.4K
$765.1K – $1.02M
NOI $61,207 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.76M
$5.04M – $6.72M
NOI $403,181 @ 7.0% cap · market cap 40.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,225
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15901, PA
3,379
Population
2,629
Households
1.3
Avg Household Size
50
Median Age
12%
College-Educated
88%
High-School Grad
1.5 sq mi
ZIP Area
2,253
Density / Sq Mi
$27,946
Median Household Income
$27,258
Median Earnings
$476
Median Rent
$19,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Motel - The property includes a dining area and is positioned near medical, government, and sports facilities.
Where is this motel located?
The property is located at 155 JOHNS STREET Johnstown, PA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 55‑unit motel with two‑story configuration; Lobby and dining area included; Built in 1977
