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    1300 Old Plank Road Mayfield, PA 18433

    View on Map
    For Sale
    $9,495,000

    COMMERCIAL - Mayfield, PA

    Property size:
    95,455 SF
    Lot size:
    7.50 Acres
    Added:
    Oct 7, 2024
    Days on Market:
    542
    Last Refresh:
    Apr 1 at 7:06 am

    Property Features for 1300 Old Plank Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C-2
    Parking
    260
    Exterior features
    Lighting
    Standard status
    Active
    APN
    0641002000401
    Size
    95,455 SF
    Lot size
    7.50 Acres

    Taxes and HOA fees

    TaxYear
    2026
    TaxAnnualAmount
    144006

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1973
    Floors in Building
    1
    Number of units
    11
    Flooring type
    Wood, Tile - Ceramic
    Building materials
    Block, Brick
    Roof type
    Built-Up, Rubber

    We can help!

    Listing Contact
    Jim Nasser

    Listing agent Jim Nasser License #AB065869

    Listing office NASSER REAL ESTATE, INC. 304 N. Main Ave., Scranton, PA

    Listing date Oct 7, 2024

    MLS# SC5248

    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.

    Overview

    Mayfield Commercial Building For Sale

    This nearly 100,000 square foot building was designed as an international research and conference center. The property features an upscale cafeteria/restaurant, an auditorium with classrooms, five laboratories with lab support spaces, three conference rooms, 35 enclosed offices, a loading dock, production/projection rooms, a library, and a restored greenhouse. Situated on a 7.5-acre parcel, the property provides 268 paved parking spots and a walking trail along the Lackawanna River. It offers convenient highway access. The building is currently fully leased and hosts A+ long-term tenants including Graham Academy, The Friendship House, Absolute Genetics, Denso International, USDA, American Cancer, AgriHemp Industries, Med Staffers, Alma Health, and AgriLabs Analytical. The property is located in Mayfield, PA, and is zoned C-2 (heavy commercial). The area is experiencing ongoing new development. Eco-friendly upgrades are planned, such as an LED lighting upgrade later this year.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    US Agricultural Department Sustainability Organization Natural Resource Conservation County Government Office Foundation Capital Resources Loan Service North Valley Baptist ... Church weight watchers Weight Loss Service

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mayfield
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.534638
    Latitude
    41.546967

    Nearby Similar for Sale

    • $580,000
      9,900 SF

      Mayfield Commercial Bar/Restaurant Opportunity

      Functioning bar and restaurant with commercial retail potential.
      427 Hudson Street, Mayfield, PA 18433
      View Details
    • $395,000
      6,000 SF

      Commercial Building in High Traffic Area

      Spacious commercial building with ample parking and income potential.
      85 Main Street, Mayfield, PA 18433
      View Details
    • $9,495,000
      95,455 SF

      International Research & Conference Center

      95,455 sq ft building designed as research center.
      1300 Old Plank Road, Mayfield, PA 18433
      View Details

    FAQs

    What type of property is this?
    Office building - 95,455 SF building on 7+ acres in Mayfield, PA.
    Where is this office building located?
    The property is located at 1300 Old Plank Road Mayfield, PA.
    What is the asking price?
    The asking price for this property is $9,495,000.
    What are key features of this property?
    This property features: Fully leased, nearly 100,000 sq ft 'state of the art' building with A+ long‑term tenants provides immediate income.; Designed as an international research & conference center, featuring an auditorium, multiple labs, conference rooms, and offices.; Prime 7+ acre location with 268 parking spots, walking trail, and easy highway access.
    (570) 309-8799
    We can help!
    Listing Contact
    Jim Nasser
    Real Estate License ID: AB065869
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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