Masonry Auto Repair
For Sale
$409,900
Pending
337 N 6th Street, Bangor, PA 18013
Commercial Sale, Bangor, PA
Property Size3,070 SF
Lot Size0.28 Acres
Days on Market95
Property Features for 337 N 6th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking
18
Elementary school district
Bangor Area
Middle school district
Bangor Area
High school district
Bangor Area
Subdivision
Bangor Borough
Standard status
Pending
APN
5766-16-0499-2110
Size
3,070 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Block: 12 /Lot: 1
Tax Annual Amount
3652
Legal Description
Block: 12 /Lot: 1
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating), Radiant, Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
paint booth
LED lighting
gas radiant heat
new metal roof
insulation
office
compressor
mini splits
overhead doors
paved parking area
Building Details
Year built
1950
Floors in Building
1
Flooring type
Concrete
Building materials
Block, Concrete
Roof type
Flat, Rubber
Listing Agency:
Meisse Real Estate
(570) 801-7050
Listed By:
Paul Gibson · License #RS340695
(570) 259-7527
Added: Jun 8
Changed: Sep 7
Last Checked: Sep 10 at 10:06AM
MLS# PM-142050
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 3,070-square-foot masonry automotive repair building sits on 0.28 acres and includes a paint booth, office, compressor, LED lighting, and concrete flooring. Six overhead drive-in doors serve the facility: three measuring 9 feet wide by 8 feet high, two measuring 10 feet wide by 10 feet high, and one measuring 8 feet wide by 10 feet high. Gas radiant heat is installed in one building section, while mini-split systems and window or wall-mounted cooling are also present.
Recent improvements include a metal roof, added insulation, three garage doors, and a newly paved area along the right side of the building for parking. Constructed in 1950, the property has block and concrete construction, a flat rubber roof, public water, and public sewer. The address is 337 N 6th Street in Bangor, Pennsylvania 18013.
Recent improvements include a metal roof, added insulation, three garage doors, and a newly paved area along the right side of the building for parking. Constructed in 1950, the property has block and concrete construction, a flat rubber roof, public water, and public sewer. The address is 337 N 6th Street in Bangor, Pennsylvania 18013.
Key Highlights
- 3,070‑square‑foot masonry automotive repair building on 0.28 acres
- Six overhead drive‑in doors with openings ranging from 8 feet wide by 10 feet high to 10 feet wide by 10 feet high
- Installed paint booth, compressor, office, LED lighting, and concrete flooring
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
$23,777
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
5.80%
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%
$475,540
$475.5K
Cap Rate 7%
$339,671
$339.7K
Cap Rate 9%
$264,189
$264.2K
Market Conditions
NOI Build-Up for 3,070 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
$36.8K $12.00/SF
− Vacancy
−$2.9K −$0.94/SF
EGI
$34.0K $11.06/SF
− OpEx
−$10.2K −$3.32/SF
NOI
$23.8K $7.74/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$12.00 /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%
$475,540
Cap Rate 7%
$339,671
Cap Rate 9%
$264,189
Alternative Uses
Best Use
Retail
$339.7K
$297.2K – $396.3K
NOI $23,777 @ 7.0% cap · market cap 5.80%
Second Best
Industrial
$326.1K
$285.3K – $380.4K
NOI $22,825 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$582.3K
$509.5K – $679.3K
NOI $40,760 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
9
Drive-in doors
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Turkey Hill Minit Market
Shops & Services
7,378 visits/mo
0.3 miles
Sunoco
Shops & Services
4,151 visits/mo
0.4 miles
Demographics for 18013, PA
17,436
Population
7,401
Households
2.4
Avg Household Size
44
Median Age
24%
College-Educated
89%
High-School Grad
63.0 sq mi
ZIP Area
277
Density / Sq Mi
$76,116
Median Household Income
$37,107
Median Earnings
$1,088
Median Rent
$245,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Bangor Glass Works — 409 S 1st St, Bangor, PA 18013
- Bangor Tire & Auto — 411 S 1st St, Bangor, PA 18013
- MA Auto — 232 Blue Valley Dr, Bangor, PA 18013
- Penn Jersey Auto & Tire — 232 blue valley dr, bangor, pa 18013
- Dale Albert's Garage — 19 Blue Valley Dr, Bangor, PA 18013
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service property includes a paint booth, office, and multiple drive-in access points.
Where is this auto shop located?
The property is located at 337 N 6th Street Bangor, PA.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: 3,070‑square‑foot masonry automotive repair building on 0.28 acres; Six overhead drive‑in doors with openings ranging from 8 feet wide by 10 feet high to 10 feet wide by 10 feet high; Installed paint booth, compressor, office, LED lighting, and concrete flooring
