Turnkey Two-Bay Auto Repair
For Sale
$699,000
2115 Milford Road, East Stroudsburg, PA 18301
Commercial Sale, East Stroudsburg, PA
Property Size3,370 SF
Lot Size1.09 Acres
Price / SF$207.42
Days on Market755
Property Features for 2115 Milford Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Elementary school district
East Stroudsburg Area
Middle school district
East Stroudsburg Area
High school district
East Stroudsburg Area
Subdivision
Smithfield Township
Standard status
Active
APN
16.7.1.25-1
Size
3,370 SF
Lot size
1.09 Acres
Taxes and HOA fees
Tax Annual Amount
14048
Utilities
Sewer type
Septic Tank
Water source
Well
Building Details
Year built
1946
Floors in Building
1
Listing Agency:
SER Commercial Real Estate, LLC
(570) 431-7400
Listed By:
George Vlamis · License #RS278068
(570) 431-7400
Added: Aug 6, 2024
Changed: Aug 21
Last Checked: Aug 30 at 8:06PM
MLS# PM-117959
Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey auto repair property is built around a two-bay service garage with office space and all necessary equipment to operate. The offering also includes an attached three-bedroom residence that can be used as an owner-occupied home or rented for additional income.
The property is positioned along Route 209 in East Stroudsburg, providing visibility and traffic exposure.
Set on 1.09 acres with a total size listed at 3,370 square feet, the combination of shop space, office, equipment, and attached residential living makes the property a straightforward fit for an owner-operator looking to control both operations and housing in one place.
The property is positioned along Route 209 in East Stroudsburg, providing visibility and traffic exposure.
Set on 1.09 acres with a total size listed at 3,370 square feet, the combination of shop space, office, equipment, and attached residential living makes the property a straightforward fit for an owner-operator looking to control both operations and housing in one place.
Key Highlights
- Turnkey auto repair shop on Route 209 in East Stroudsburg with 2‑bay service garage
- Includes office space and all necessary equipment for the auto repair business
- Property totals 1.09 acres, with an attached 3‑bedroom residence
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
$40,036
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
5.73%
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%
$800,720
$800.7K
Cap Rate 7%
$571,943
$571.9K
Cap Rate 9%
$444,844
$444.8K
Market Conditions
NOI Build-Up for 3,370 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
$72.8K $21.60/SF
− Vacancy
−$8.7K −$2.59/SF
EGI
$64.1K $19.01/SF
− OpEx
−$24.0K −$7.13/SF
NOI
$40.0K $11.88/SF
Area
Monroe County, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$800,720
Cap Rate 7%
$571,943
Cap Rate 9%
$444,844
Alternative Uses
Best Use
Mixed Use
$571.9K
$500.5K – $667.3K
NOI $40,036 @ 7.0% cap · market cap 5.73%
Second Best
Retail
$542.9K
$475.0K – $633.4K
NOI $38,003 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$1.01M
$882.6K – $1.18M
NOI $70,608 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18301, PA
29,184
Population
11,125
Households
2.6
Avg Household Size
37
Median Age
34%
College-Educated
89%
High-School Grad
38.1 sq mi
ZIP Area
766
Density / Sq Mi
$90,488
Median Household Income
$40,202
Median Earnings
$1,350
Median Rent
$246,100
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
- Supreme Tires & Auto Works — 800 Milford Rd, East Stroudsburg, PA 18301
- Leatherneck ATR — 2115 Milford Rd, East Stroudsburg, PA 18301
- J&N — 2261 Milford Rd, East Stroudsburg, PA 18301
- Custom Import Performance — 2295 Milford Rd, East Stroudsburg, PA 18301
- Non-Fixtion Performance — 178 Airstrip Rd, East Stroudsburg, PA 18301
Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey auto repair facility with a two-bay garage, office space, and included equipment, plus an attached three-bedroom residence.
Where is this auto shop located?
The property is located at 2115 Milford Road East Stroudsburg, PA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Turnkey auto repair shop on Route 209 in East Stroudsburg with 2‑bay service garage; Includes office space and all necessary equipment for the auto repair business; Property totals 1.09 acres, with an attached 3‑bedroom residence
