Mixed-Use Property with Car Wash
For Sale
$799,000
30 Sturges Road, Peckville, PA 18452
The facility combines enclosed space, manual wash bays, storage units, office space, and paved parking.
Property Size8,010 SF
Days on Market189
Property Features for 30 Sturges Road
General Information
Standard status
Active
Size
8,010 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$8,556
Building Details
Building Size
8,010 SF
Year Built
2001
Listing Agency:
REALTY NETWORK GROUP
Listed By:
Dianne Montana, Broker of Record · License #RM423953
(570) 983-7030
Source:
Luxehomesnepa
Added: Feb 26
Changed: Sep 3
Last Checked: Sep 3 at 2:09AM
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 REALTY NETWORK GROUP
Investment Insights
Based on property information with market context.
This mixed-use facility, built in 2001, includes two principal sections totaling more than 8,000 square feet of enclosed and semi-enclosed space. The left section contains 4,000+/- square feet, an office, and two former car wash tunnels converted to open, adaptable space; one tunnel area is leased. The right section adds 4,000+/- square feet comprising manual car wash bays and enclosed storage units.
The property sits on a paved lot with substantial parking and additional room for expansion or improvements. Its location at 30 Sturges Road in Peckville places the facility near Route 6 and within a high-traffic area. The existing mix of wash bays, enclosed areas, office space, and storage provides a range of established commercial components for evaluation.
The property sits on a paved lot with substantial parking and additional room for expansion or improvements. Its location at 30 Sturges Road in Peckville places the facility near Route 6 and within a high-traffic area. The existing mix of wash bays, enclosed areas, office space, and storage provides a range of established commercial components for evaluation.
Key Highlights
- Mixed‑use facility built in 2001
- Left section includes 4000+/- sq ft, an office, and 2 converted car wash tunnels
- One converted tunnel area is already leased
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
$69,572
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
8.71%
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%
$1,391,440
$1.4M
Cap Rate 7%
$993,886
$993.9K
Cap Rate 9%
$773,022
$773.0K
Market Conditions
NOI Build-Up for 8,010 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
$105.7K $13.20/SF
− Vacancy
−$6.3K −$0.79/SF
EGI
$99.4K $12.41/SF
− OpEx
−$29.8K −$3.72/SF
NOI
$69.6K $8.69/SF
Area
Lackawanna County, PA
Vacancy
6.00%
Lease Rate
$13.20 /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%
$1,391,440
Cap Rate 7%
$993,886
Cap Rate 9%
$773,022
Alternative Uses
Best Use
Specialty Retail
$1.23M
$1.08M – $1.44M
NOI $86,328 @ 7.0% cap · market cap 10.80%
Second Best
Mixed Use
$1.16M
$1.01M – $1.35M
NOI $81,101 @ 7.0% cap · market cap 10.15%
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,316 @ 7.0% cap · market cap 17.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
Demographics for 18452, PA
4,950
Population
2,502
Households
2
Avg Household Size
47
Median Age
25%
College-Educated
95%
High-School Grad
1.9 sq mi
ZIP Area
2,605
Density / Sq Mi
$58,526
Median Household Income
$32,234
Median Earnings
$960
Median Rent
$189,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The facility combines enclosed space, manual wash bays, storage units, office space, and paved parking.
Where is this mixed-use property located?
The property is located at 30 Sturges Road Peckville, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Mixed‑use facility built in 2001; Left section includes 4000+/- sq ft, an office, and 2 converted car wash tunnels; One converted tunnel area is already leased
