Auto Repair Garage with Paint
For Sale
$409,900
337 N 6th St, Bangor, PA 18013
Masonry service facility with multiple drive-in bays, office space, updated systems, and additional paved parking.
Property Size3,070 SF
Price / SF$133.52
Days on Market62
Property Features for 337 N 6th St
General Information
Standard status
Active
Size
3,070 SF
Additional Details
Service Bays
9
Taxes and HOA fees
Annual Taxes
$3,651
Amenities
paint booth
LED lighting
gas radiant heat
office
compressor
mini splits
new metal roof
insulation
newly paved parking area
Building Details
Construction
masonry
Listing Agency:
Meisse Real Estate
(570) 259-7527
Listed By:
Paul Gibson · License #RS340695
(570) 259-7527
Source:
Exprealty
Added: Jun 8
Changed: Aug 7
Last Checked: Aug 8 at 7:22AM
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 Meisse Real Estate
Investment Insights
Based on property information with market context.
This 3,070-square-foot masonry auto repair facility includes an installed paint booth, LED lighting, an office, and a compressor. Six overhead drive-in doors serve the building, with three doors measuring 9'W x 8'H, two at 10'W x 10'H, and one at 8'W x 10'H. Gas radiant heat serves the newer section, while the older section has new mini splits and three new garage doors.
Recent improvements include a metal roof, added insulation, and a newly paved area along the right side of the building for additional parking. The property is located at 337 N 6th St in Bangor, PA.
Recent improvements include a metal roof, added insulation, and a newly paved area along the right side of the building for additional parking. The property is located at 337 N 6th St in Bangor, PA.
Key Highlights
- 3,070 SF masonry auto repair garage
- Installed paint booth with LED lighting
- Six overhead drive‑in doors in varied sizes
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
Current Use
Lease Details
9
Service bays
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
20k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 12%
Turkey Hill Minit Market
Shops & Services
7,378 visits/mo
0.4 miles
Dollar General
Shops & Services
6,318 visits/mo
0.3 miles
Sunoco
Shops & Services
4,151 visits/mo
0.2 miles
Krispy Krunchy Chicken
Dining
2,343 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
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
- Bangor Tire & Auto — 411 S 1st St, Bangor, PA 18013
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- Bangor Glass Works — 409 S 1st St, Bangor, PA 18013
- Dale Albert's Garage — 19 Blue Valley Dr, Bangor, PA 18013
- MA Auto — 232 Blue Valley Dr, Bangor, PA 18013
Frequently Asked Questions
What type of property is this?
Auto shop - Masonry service facility with multiple drive-in bays, office space, updated systems, and additional paved parking.
Where is this auto shop located?
The property is located at 337 N 6th St 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 SF masonry auto repair garage; Installed paint booth with LED lighting; Six overhead drive‑in doors in varied sizes
