Building Details

Abandoned No

Listing Agency: Wallenpaupack Realty a***@wallenpaupackrealty.com Show Phone

Listed By: Alicia Kowalik · License #RS318974 Show Phone

Source: Exprealty

Added: Jun 12 Changed: Aug 9 Last Checked: Aug 9 at 2:43PM

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Investment Insights

Based on property information with market context.

This hotel property is currently operated as an inn and includes 12 units. The layout also provides space for a bar and restaurant or short-term rental accommodations, supporting several hospitality configurations. A hotel liquor license is included, along with equipment conveyed as part of the sale.

The property includes level, usable land and a detached dwelling that can serve as an owner’s residence or an additional rental. Additional improvements include a detached two-car garage, while a boat is also included. Located at 222 Route 590 in Greeley, PA, the offering combines lodging accommodations with separate residential and supporting improvements.

Key Highlights

• 12‑unit hotel currently operated as an inn
• Space for a bar and restaurant or short‑term rental accommodations
• Hotel liquor license included

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

$52,623

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

5.29%

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%

$1,052,460 $1.1M

Cap Rate 7%

$751,757 $751.8K

Cap Rate 9%

$584,700 $584.7K

Market Conditions

NOI Build-Up for 8,689 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

$130.3K $15.00/SF

− Vacancy

−$19.6K −$2.25/SF

EGI

$110.8K $12.75/SF

− OpEx

−$58.2K −$6.69/SF

NOI

$52.6K $6.06/SF

Area

Pike County, PA

Vacancy

15.00%

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%

$1,052,460

Cap Rate 7%

$751,757

Cap Rate 9%

$584,700

Alternative Uses

Best Use

Specialty Retail

$1.49M

$1.30M – $1.74M (±1% cap)

NOI $104,161 @ 7.0% cap · market cap 10.47%

Second Best

Hotel Hospitality

$751.8K

$657.8K – $877.1K (±1% cap)

NOI $52,623 @ 7.0% cap · market cap 5.29%

Theoretical Best

Office A

$2.12M

$1.86M – $2.47M (±1% cap)

NOI $148,428 @ 7.0% cap · market cap 14.92%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Hotels

Suggested Use

Top Pick HVAC Service Hair Salon Nail Salon Spa & Massage Center Auto Repair Shop 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.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

18

Businesses Nearby

Explore this area Business Placement

Demographics for 18425, PA

1,263

Population

587

Households

2.2

Avg Household Size

49

Median Age

12%

College-Educated

92%

High-School Grad

23.3 sq mi

ZIP Area

54

Density / Sq Mi

$69,107

Median Household Income

$39,111

Median Earnings

$996

Median Rent

$194,100

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

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Frequently Asked Questions

What type of property is this?

Hotel - Hotel property with a detached dwelling, liquor license, and additional space for restaurant or short-term rental use.

Where is this hotel located?

The property is located at 222 Route 590 Greeley, 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: 12‑unit hotel currently operated as an inn; Space for a bar and restaurant or short‑term rental accommodations; Hotel liquor license included