Office Building with Reception
For Sale
$399,000
100 Tourist Avenue, Clarks Summit, PA 18411
Commercial Sale, Clarks Summit, PA
Property Size1,516 SF
Lot Size1.14 Acres
Price / SF$255.77
Days on Market692
Property Features for 100 Tourist Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Zoning description
Commercial
Parking features
Off Street, Parking Lot
Lot features
Corner Lot, Paved, Level
Elementary school district
Abington Heights
Middle school district
Abington Heights
High school district
Abington Heights
Directions
Property located on the corner of 6 & 11 and Tourist Avenue. Large TRIGUARD SIGN in front as well as Classic Properties sign.
Standard status
Active
APN
09001020034
Size
1,560 SF
Lot size
1.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5173
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Heat Pump (Heating), Forced Air
Cooling system
Electric
Water source
Well, Private
Amenities
reception area
3 spacious offices
full kitchen
full bath
New heating system
central air
security system
interior temperature monitoring system
intercom
Building Details
Year built
1950
Floors in Building
1
Number of units
1
Flooring type
Linoleum, Carpet
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
CLASSIC PROPERTIES
(570) 587-7000
Listed By:
RUTH K HOLLANDER · License #RS126149A
(570) 313-4654
Added: Sep 28, 2024
Changed: Aug 19
Last Checked: Aug 20 at 11:06PM
MLS# SC5099
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 multi-use office building offers approximately 1,516 SF on a 1.14-acre lot. The interior layout includes a reception area, three spacious offices, a full kitchen, and a full bath. Building systems include a new heating system, central air, a security system, an interior temperature monitoring system, and an intercom. The property features vinyl siding with linoleum and carpet flooring, a composition roof, and a forced-air/heat pump and electric heating setup.
The building is centrally located on Routes 6 and 11 and has 222 feet of road frontage. Parking is available via an off-street parking lot. Water is provided by private well service and sewer is handled by a septic tank. The building was built in 1950.
Recent improvements include a new roof with new underlayment installed 12/25. Property is zoned C2 (highway commercial), and the buyer is asked to confirm taxes.
The building is centrally located on Routes 6 and 11 and has 222 feet of road frontage. Parking is available via an off-street parking lot. Water is provided by private well service and sewer is handled by a septic tank. The building was built in 1950.
Recent improvements include a new roof with new underlayment installed 12/25. Property is zoned C2 (highway commercial), and the buyer is asked to confirm taxes.
Key Highlights
- 1,516 SF office building on 1.14 acres with reception, three offices, kitchen, and full bath
- 222 feet of road frontage on Routes 6 and 11
- Zoned C2 (highway commercial)
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
$20,047
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
5.02%
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%
$400,940
$400.9K
Cap Rate 7%
$286,386
$286.4K
Cap Rate 9%
$222,744
$222.7K
Market Conditions
NOI Build-Up for 1,560 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
$31.3K $20.04/SF
− Vacancy
−$4.5K −$2.91/SF
EGI
$26.7K $17.13/SF
− OpEx
−$6.7K −$4.28/SF
NOI
$20.0K $12.85/SF
Area
Lackawanna County, PA
Vacancy
14.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
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%
$400,940
Cap Rate 7%
$286,386
Cap Rate 9%
$222,744
Alternative Uses
Best Use
Office B
$286.4K
$250.6K – $334.1K
NOI $20,047 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$396.0K
$346.5K – $462.0K
NOI $27,717 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
Explore this area
Business Placement
Demographics for 18411, PA
22,851
Population
9,375
Households
2.4
Avg Household Size
45
Median Age
51%
College-Educated
96%
High-School Grad
55.4 sq mi
ZIP Area
412
Density / Sq Mi
$96,471
Median Household Income
$51,224
Median Earnings
$1,253
Median Rent
$274,200
Median Home Value
Market
Vacancy Rate% for Office 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?
Office building - Centrally located office building zoned C2, with reception, kitchen, bath, new roof, and central air.
Where is this office building located?
The property is located at 100 Tourist Avenue Clarks Summit, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,516 SF office building on 1.14 acres with reception, three offices, kitchen, and full bath; 222 feet of road frontage on Routes 6 and 11; Zoned C2 (highway commercial)
