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    784 Purdytown Tpke Lakeville, PA 18438

    Sponsored
    For Sale
    $369,000

    COMMERCIAL - Ranch - Lakeville, PA

    Type:Single Family Residence
    Property size:
    3,038 SF
    Lot size:
    2.09 Acres
    Days on Market:
    127
    Last Refresh:
    Feb 7 at 12:06 pm

    Property Features for 784 Purdytown Tpke

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement, Bedroom 2, Living Room, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    APN
    19-0-0056-0006
    Interior features
    Ceiling Fan(s)
    Basement
    Unfinished, Concrete
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Dishwasher, Range, Washer, Refrigerator, Dryer
    Size
    3,038 SF
    Lot size
    2.09 Acres

    Utilities

    Heating system
    Hot Water(Heating), Propane (Heating), Baseboard
    Cooling system
    Ceiling Fan(s), Window Unit(s), Ductless
    Water source
    Well

    Building Details

    Year built
    1992
    Floors in Building
    2
    Flooring type
    Vinyl, Linoleum, Tile
    Building materials
    Vinyl Siding
    Roof type
    Fiberglass, Asphalt
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Kevin Sives

    Keller Williams RE Rt 6 (570) 226-0500

    Listing agent Kevin Sives, Jr. Associate Broker (570) 500-7325

    Listing date Oct 4, 2025

    MLS# PW-253313 Listing URL

    Copyright © 2026 Pike/Wayne Association 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.

    Learn more

    Property Insight Report

    Overview

    Lakeville Mixed-Use Property For Sale

    This two-unit building, zoned for both commercial and residential use, is situated on over 2 acres off Route 590, approximately one mile from Lake Wallenpaupack. The property offers single-floor living with ample space for entertaining, including a large sunroom with an extra kitchen, a back deck, and a spacious backyard with an above-ground swimming pool. The commercial unit features a waiting area, front desk area, a full bathroom, three exam rooms, a janitorial room, a storage room, and a kitchen area. Heating is provided by a hot water baseboard system fueled by propane, and cooling is managed with a mini-split A/C system. The property has separate electric meters. The location is minutes from Hawley and downtown Honesdale, offering convenient access to shopping, restaurants, and entertainment. The property size is 3038 square feet and the lot size is 2.09 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    James Carton Alternative Medicine Practice Dr. James T. ... Alternative Medicine Practice Direct Chiro Insurance Agency

    Suggested Use

    Real Estate Agency Spa & Massage Center Hair Salon Nail Salon HVAC Service Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeville
    County
    Wayne
    State
    Pennsylvania
    Longitude
    -75.242655
    Latitude
    41.45075

    Nearby Similar for Sale

    • $850,000
      Pending

      Lakeville Commercial Building on Route

      12,058 SF commercial building on 2.87 acres near I-84.
      1285 Purdytown Tpke, Lakeville, PA 18438
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two-unit building zoned commercial and residential near Lake Wallenpaupack.
    Where is this mixed-use property located?
    The property is located at 784 Purdytown Tpke Lakeville, PA.
    What is the asking price?
    The asking price for this property is $369,000.
    What are key features of this property?
    This property features: - 2-unit building zoned commercial and residential.; - Located on over 2 acres near Route 590, one mile from Lake Wallenpaupack.; - Commercial unit includes waiting area, front desk, full bathroom, **3 exam rooms**, janitorial room, storage room, and kitchen area.
    (570) 500-7325
    Request Owner's contact information
    784 Purdytown Tpke Lakeville, PA 18438
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    Lakeville, PA 18438
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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
    784 Purdytown Tpke Lakeville, PA 18438
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    We can help!
    Listing Contact
    Kevin Sives
    Real Estate License ID: AB068567
    (570) 500-7325
    Learn more
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