Turnkey Motel with 62 Storage
For Sale
$1,650,000
4677 & 4643 Route 6, Wellsboro, PA 16901
COMMERCIAL - Wellsboro, PA
Property Size15,926 SF
Lot Size7.80 Acres
Price / SF$103.60
Days on Market48
Property Features for 4677 & 4643 Route 6
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
17
Full bathrooms
16
Half bathrooms
1
Rooms
Bathroom 7, Bathroom 10, Bathroom 3, Bathroom 13, Bathroom 14, Bathroom 15, Bathroom 4, Bathroom 11, Bathroom 17, Bathroom 5, Bathroom 9, Bathroom 16, Bathroom 6, Bathroom 12, Bathroom 8, Bathroom 2, Bathroom 1
Elementary school district
Wellsboro Area
Middle school district
Wellsboro Area
High school district
Wellsboro Area
Subdivision
Tioga
Standard status
Active
Size
15,926 SF
Lot size
7.80 Acres
Taxes and HOA fees
Tax Description
Large Oversized Garage; 62 Storage Units
Legal Description
Large Oversized Garage; 62 Storage Units
Building Details
Year built
2011
Listing Agency:
Berkshire Hathaway HomeServices Hodrick Realty - Wellsboro
(570) 724-1890
Listed By:
Ronda Brill
(570) 439-2118
Added: Jun 25
Changed: Aug 5
Last Checked: Aug 11 at 5:06PM
MLS# 31727678
Copyright © 2026 Northern Mountains of Pennsylvania MLS. 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.
Turnkey motel property featuring 62 storage units, all currently rented, on 7.8 acres. The motel includes 14 renovated units and offers exterior space around a pond. A caretakers quarters is also on-site and can be turned into additional units. The property was built in 2011 and has a recently updated sprinkler system.
The motel is located at 4677 & 4643 Route 6 in Wellsboro, PA 16901. The property is described as catering to year-round tourism connected with the Pine Creek Gorge and nearby outdoor destinations.
The combination of motel lodging and income-producing storage units supports a single-owner operation with flexible on-site space, including the ability to repurpose the caretakers quarters into further units.
The motel is located at 4677 & 4643 Route 6 in Wellsboro, PA 16901. The property is described as catering to year-round tourism connected with the Pine Creek Gorge and nearby outdoor destinations.
The combination of motel lodging and income-producing storage units supports a single-owner operation with flexible on-site space, including the ability to repurpose the caretakers quarters into further units.
Key Highlights
- 62 storage units, all currently rented
- 7.8‑acre property with pond and exterior areas
- Includes 14 renovated motel units
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
$136,855
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
8.29%
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%
$2,737,100
$2.7M
Cap Rate 7%
$1,955,071
$2.0M
Cap Rate 9%
$1,520,611
$1.5M
Market Conditions
NOI Build-Up for 15,926 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
$210.2K $13.20/SF
− Vacancy
−$14.7K −$0.92/SF
EGI
$195.5K $12.28/SF
− OpEx
−$58.7K −$3.68/SF
NOI
$136.9K $8.59/SF
Area
Tioga County, PA
Vacancy
7.00%
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%
$2,737,100
Cap Rate 7%
$1,955,071
Cap Rate 9%
$1,520,611
Alternative Uses
Best Use
Self Storage
$1.96M
$1.71M – $2.28M
NOI $136,855 @ 7.0% cap · market cap 8.29%
Second Best
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,839 @ 7.0% cap · market cap 6.84%
Theoretical Best
Healthcare Medical
$2.71M
$2.37M – $3.17M
NOI $189,906 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 16901, PA
10,561
Population
5,360
Households
2
Avg Household Size
47
Median Age
28%
College-Educated
93%
High-School Grad
230.4 sq mi
ZIP Area
46
Density / Sq Mi
$66,003
Median Household Income
$40,723
Median Earnings
$863
Median Rent
$210,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Coach Stop Inn — 4755 US-6, Wellsboro, PA 16901
- Colton Point Motel — 4643 US-6, Wellsboro, PA 16901
- Canyon Lodge — 4479 US-6, Wellsboro, PA 16901
Frequently Asked Questions
What type of property is this?
Motel - Motel on 7.8 acres with pond, 62 storage units, and renovated units, plus an updated sprinkler system.
Where is this motel located?
The property is located at 4677 & 4643 Route 6 Wellsboro, PA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 62 storage units, all currently rented; 7.8‑acre property with pond and exterior areas; Includes 14 renovated motel units
