Auto Shop with Garage
For Sale
$249,000
511 N Keyser Avenue, Scranton, PA 18504
Commercial Sale, Scranton, PA
Property Size3,520 SF
Lot Size0.50 Acres
Price / SF$70.74
Days on Market133
Property Features for 511 N Keyser Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
From Jackson St, head north on N Keyser Ave to property on left. (Sign)
Standard status
Active
APN
1440804001701
Size
3,520 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8569
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
office
Building Details
Year built
1975
Floors in Building
1
Number of units
1
Flooring type
Concrete
Listing Agency:
NASSER REAL ESTATE, INC.
(570) 342-4115
Listed By:
Jim Nasser · License #AB065869
(570) 309-8799
Added: Apr 20
Changed: Aug 19
Last Checked: Aug 30 at 8:06PM
MLS# SC261639
Copyright © 2026 Greater Scranton Board of Realtors 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.
This 3,520-square-foot auto shop on a 0.5-acre parcel includes four garage bays, office space, and concrete flooring. The existing configuration combines a one-car garage, a two-car garage, and a larger garage served by a 16-foot overhead door. Built in 1975, the property also includes land behind the garage structures that may support future expansion. Public water and public sewer serve the site.
The property fronts N Keyser Avenue in Scranton, Pennsylvania, with on-site parking and a layout suited to automotive service or related commercial operations. C1 zoning and the existing garage improvements provide a defined framework for evaluating continued automotive use or other permitted applications.
The property fronts N Keyser Avenue in Scranton, Pennsylvania, with on-site parking and a layout suited to automotive service or related commercial operations. C1 zoning and the existing garage improvements provide a defined framework for evaluating continued automotive use or other permitted applications.
Key Highlights
- 3,520‑square‑foot auto shop on a 0.5‑acre parcel
- Four garage bays plus office space
- Garage layout includes one‑car, two‑car, and large garage areas
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
$20,539
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
8.25%
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%
$410,780
$410.8K
Cap Rate 7%
$293,414
$293.4K
Cap Rate 9%
$228,211
$228.2K
Market Conditions
NOI Build-Up for 3,520 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
$31.1K $8.83/SF
− Vacancy
−$1.7K −$0.49/SF
EGI
$29.3K $8.34/SF
− OpEx
−$8.8K −$2.50/SF
NOI
$20.5K $5.83/SF
Area
Lackawanna County, PA
Vacancy
5.60%
Lease Rate
$8.83 /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%
$410,780
Cap Rate 7%
$293,414
Cap Rate 9%
$228,211
Alternative Uses
Best Use
Retail
$472.6K
$413.5K – $551.3K
NOI $33,079 @ 7.0% cap · market cap 13.28%
Second Best
Industrial
$293.4K
$256.7K – $342.3K
NOI $20,539 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$893.4K
$781.8K – $1.04M
NOI $62,541 @ 7.0% cap · market cap 25.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
10k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
7,102 visits/mo
0.3 miles
NBT Bank
Shops & Services
2,450 visits/mo
0.4 miles
Demographics for 18504, PA
21,267
Population
10,017
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
2,085
Density / Sq Mi
$52,542
Median Household Income
$38,439
Median Earnings
$970
Median Rent
$144,200
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
- Milewski Towing & Recovery — 2300 Washburn St, Scranton, PA 18504
- Keyser Valley Auto Wreckers — 2300 Washburn St, Scranton, PA 18504
- West Side Auto Pros — 2507 Jackson St, Scranton, PA 18504
- Paul's Auto Repair — 2507 Jackson St, Scranton, PA 18504
- Atlas Car & Truck Repair — 2503 Jackson St, Scranton, PA 18504
Frequently Asked Questions
What type of property is this?
Auto shop - C1-zoned commercial building with office space, rear land, and multiple automotive service areas.
Where is this auto shop located?
The property is located at 511 N Keyser Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 3,520‑square‑foot auto shop on a 0.5‑acre parcel; Four garage bays plus office space; Garage layout includes one‑car, two‑car, and large garage areas
