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    Kingston Commercial Rental Opportunity Title is generated by Realmo AI

    232 Division Street, Kingston, PA 18704

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    For Lease
    $1.00 SF/Yr $7,625/Mo (calc)

    Commercial Rental - Kingston, PA

    Property size:
    91,500 SF
    Added:
    Mar 31, 2026
    Days on Market:
    48
    Last Refresh:
    May 17 at 3:06 am

    Property Features for 232 Division Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Industrial
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Parking
    33
    Parking features
    Garage
    Security features
    Fire Alarm
    Interior features
    Clear Span, Prime Location, Storage - Inside, Smoke/Fire Alarm, Rest Rooms, High Traffic Area, Garage Bays, Fire Alarm, Established Business, Conference Room
    Exterior features
    Drive In Door, Exterior Lighting, Exterior Signage, Loading Docks
    Standard status
    Active
    APN
    G9SE100307A-34, G9SE1003001-34
    Size
    91,500 SF

    Taxes and HOA fees

    Tax Annual Amount
    30722

    Utilities

    Heating system
    Baseboard, Electric (Heating), Forced Air, Heat Pump (Heating), Natural Gas, Space Heater
    Cooling system
    Central Air, Multi Units, None (Cooling), Wall Unit(s)

    Building Details

    Building materials
    Block, Stucco
    Architectural style
    Other

    We can help!

    Listing Contact
    Matthew Nelson

    Listing agent Matthew Nelson License #RS372694

    Listing office Jonathan J. Nelson Real Estate 9 N. Main Street, Pittston, PA

    Listing date Mar 31, 2026

    MLS# 26-1335 Listing URL

    Copyright © 2026 Luzerne County Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Up to 54K SF of build‑to‑suit quonset‑style buildings for customized space.
    • Approximately 30K SF of warehouse space with 24' ceiling heights.
    • 6K SF shop building with multiple (eight) doors, including seven 15' doors and one 10' door.
    • Four dock doors for efficient loading and unloading.
    • Mechanic's pit in the shop building, ideal for equipment service.
    • Suitable for distribution, storage, light industrial, fleet use, or service‑based operations.

    Overview

    This commercial rental offering in Kingston, PA, includes multiple industrial opportunities within one site, providing flexibility for a range of users. The property features approximately 30,000 square feet of warehouse space with 24-foot ceiling heights, four dock doors, and an office. This space is well-suited for distribution, storage, or light industrial use. In addition, up to 54,000 square feet of build-to-suit quonset-style buildings can be delivered, allowing users to customize space based on operational needs, whether for storage, contractors, or specialized industrial use. The site also includes a 6,000 square foot shop building featuring seven 15-foot doors, one 10-foot door, as well as a mechanic's pit, ideal for equipment storage, fleet use, or service-based operations. The property is zoned for industrial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Similar Places Nearby

    • Nelson StoreSecure — 210 Division St, Kingston, PA 18704
    • Microfilm Data Management Corporation — 239 Schuyler Ave # 109, Kingston, PA 18704
    • Four Seasons Self Storage Unit — 467 Wyoming Ave, Kingston, PA 18704
    • Kenmarq LLC/CMarq LLC — 351 Main St, Kingston, PA 18704
    • Johnny On The Spot Moving LLC — 28 Payne Ave, Kingston, PA 18704

    Location Insight

    • Map
    • Local Demand
    City
    Kingston
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.8997
    Latitude
    41.2768

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    FAQs

    What type of property is this?
    Warehouse - Multiple industrial opportunities available within one Kingston, PA site.
    Where is this warehouse located?
    The property is located at 232 Division Street Kingston, PA.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: Up to 54K SF of build‑to‑suit quonset‑style buildings for customized space.; Approximately 30K SF of warehouse space with **24' ceiling heights**.; **6K SF shop building with multiple (eight) doors**, including seven 15' doors and one 10' door.
    (570) 614-9694
    We can help!
    Listing Contact
    Matthew Nelson
    Real Estate License ID: RS372694
    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.

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