Building Details

Year Built 1929

Buildings 1

Construction brick

Listing Agency: Howard Hanna TheFrederickGroup c***@gmail.com Show Phone

Listed By: Carrie C. Ward · License #AB069092 Show Phone

Source: Exprealty

Added: Apr 1, 2025 Changed: Aug 31 Last Checked: Aug 30 at 8:10PM

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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 Howard Hanna TheFrederickGroup

Investment Insights

Based on property information with market context.

This automotive repair property combines a red brick building dating to 1929 with a two-story addition completed in 1971. The layout includes five service bays, including two drive-through bays, with garage doors sized for cars and trucks. Two upper bays include lifts, while the office area provides a customer counter, desks, half-bath, and seating. Additional rooms on the second floor have supported office and parts-storage functions.

The property also includes a large basement with mechanical systems and storage, an underground tank divided into 4,000- and 8,000-gallon sections, and a Portable Generac 10,000EXL generator with hookup. Mechanical features include two oil-burning furnaces, two mini-split units in the upper bays, a separate office air-conditioning unit, an air compressor, and water and electrical systems. The flat roof was resealed in January, 2025. The site has septic and well water, with access from both the front and rear.

Key Highlights

• Five‑bay automotive repair building with car- and truck‑sized garage doors
• Two drive‑through bays with rear entrances in the 1971 addition
• 1929 red brick building connected to a two‑story addition built in 1971

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

$48,397

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

8.08%

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%

$967,940 $967.9K

Cap Rate 7%

$691,386 $691.4K

Cap Rate 9%

$537,744 $537.7K

Market Conditions

NOI Build-Up for 6,249 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

$75.0K $12.00/SF

− Vacancy

−$5.8K −$0.94/SF

EGI

$69.1K $11.06/SF

− OpEx

−$20.7K −$3.32/SF

NOI

$48.4K $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%

$967,940

Cap Rate 7%

$691,386

Cap Rate 9%

$537,744

Alternative Uses

Best Use

Retail

$691.4K

$605.0K – $806.6K (±1% cap)

NOI $48,397 @ 7.0% cap · market cap 8.08%

Second Best

Industrial

$663.7K

$580.8K – $774.4K (±1% cap)

NOI $46,461 @ 7.0% cap · market cap 7.76%

Theoretical Best

Office A

$1.19M

$1.04M – $1.38M (±1% cap)

NOI $82,967 @ 7.0% cap · market cap 13.85%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Auto shops

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Building Supply Storage Facility Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Service bays

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

102

Businesses Nearby

2k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Valero Energy Shops & Services

2,266 visits/mo 0.2 miles

Demographics for 18083, PA

679

Population

205

Households

3.3

Avg Household Size

43

Median Age

33%

College-Educated

96%

High-School Grad

0.7 sq mi

ZIP Area

970

Density / Sq Mi

$108,333

Median Household Income

$65,938

Median Earnings

$1,375

Median Rent

$264,400

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• Brown-Daub Auto Body — 104 Commerce Way, Stockertown, PA 18083
• Alex’s Tire Center — 102 Commerce Way, Stockertown, PA 18083
• Dave's Automotive — 114 Main St, Stockertown, PA 18083
• M T Performance Automotive & Tire Center — 5633 Sullivan Trail, Easton, PA 18040

Frequently Asked Questions

What type of property is this?

Auto shop - Well-maintained automotive service property with drive-through bays, separate office areas, and front and rear access.

Where is this auto shop located?

The property is located at 6712 Main St Stockertown, PA.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: Five‑bay automotive repair building with car- and truck‑sized garage doors; Two drive‑through bays with rear entrances in the 1971 addition; 1929 red brick building connected to a two‑story addition built in 1971