Mixed-Use Property with Garage
For Sale
$1,175,000
1000 Wyoming Avenue, Exeter, PA 18643
Commercial Sale, Exeter, PA
Property Size10,000 SF
Lot Size1.20 Acres
Price / SF$117.50
Days on Market510
Property Features for 1000 Wyoming Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Parking features
Leased, Parking Lot, Driveway, Garage, Off Street, RV
Security features
Security
Exterior features
Lighting, Private Entrance
Lot features
Open Lot
Elementary school district
Wyoming Area
Middle school district
Wyoming Area
High school district
Wyoming Area
Directions
Wyoming Avenue next to Turkey Hill
Standard status
Active
APN
E11NW3 002 006, E11NW3 002 007, E11NW3 002 02B
Size
10,000 SF
Lot size
1.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9410
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1962
Floors in Building
1
Number of units
6
Flooring type
Concrete
Building materials
Block, Concrete
Roof type
Rubber
Listing Agency:
CLASSIC PROPERTIES
(570) 587-7000
Listed By:
Kara A. Hrobuchak · License #RS370107
(570) 510-1212
Added: Apr 7, 2025
Changed: Aug 28
Last Checked: Aug 29 at 3:06AM
MLS# SC251511
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 10,000-square-foot mixed-use property sits on 1.2 acres and was constructed in 1962. The building includes retail and storage areas, multiple garage doors, and parking for 20 vehicles. Concrete construction, concrete flooring, forced-air heat, a rubber roof, lighting, and a private entrance are among the existing improvements.
The property is zoned C2 and has public water and public sewer service, with phone availability. Off-street parking includes a parking lot, driveway, garage, and RV parking. The majority of the building is rented, while the remaining configuration offers the ability for an owner-occupied business.
The property is zoned C2 and has public water and public sewer service, with phone availability. Off-street parking includes a parking lot, driveway, garage, and RV parking. The majority of the building is rented, while the remaining configuration offers the ability for an owner-occupied business.
Key Highlights
- 10,000 SF mixed‑use building on 1.2 acres
- C2 zoning with public water and public sewer
- Retail and storage areas within the building
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
$99,000
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
8.43%
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%
$1,980,000
$2.0M
Cap Rate 7%
$1,414,286
$1.4M
Cap Rate 9%
$1,100,000
$1.1M
Market Conditions
NOI Build-Up for 10,000 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
$180.0K $18.00/SF
− Vacancy
−$21.6K −$2.16/SF
EGI
$158.4K $15.84/SF
− OpEx
−$59.4K −$5.94/SF
NOI
$99.0K $9.90/SF
Area
Luzerne County, PA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,980,000
Cap Rate 7%
$1,414,286
Cap Rate 9%
$1,100,000
Alternative Uses
Best Use
Mixed Use
$1.41M
$1.24M – $1.65M
NOI $99,000 @ 7.0% cap · market cap 8.43%
Second Best
Retail
$1.19M
$1.04M – $1.39M
NOI $83,160 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$3.17M
$2.77M – $3.70M
NOI $221,760 @ 7.0% cap · market cap 18.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
Business Placement
Demographics for 18643, PA
12,165
Population
6,321
Households
1.9
Avg Household Size
46
Median Age
25%
College-Educated
95%
High-School Grad
18.3 sq mi
ZIP Area
665
Density / Sq Mi
$61,685
Median Household Income
$43,129
Median Earnings
$956
Median Rent
$156,900
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.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building combining retail, storage, parking, and flexible owner-occupancy potential.
Where is this mixed-use property located?
The property is located at 1000 Wyoming Avenue Exeter, PA.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 10,000 SF mixed‑use building on 1.2 acres; C2 zoning with public water and public sewer; Retail and storage areas within the building
