Flex Space with Multiple Garage
For Sale
$1,175,000
1000 Wyoming Avenue, Exeter, PA 18643
COMMERCIAL - Exeter, PA
Property Size10,000 SF
Lot Size1.20 Acres
Price / SF$117.50
Days on Market494
Property Features for 1000 Wyoming Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Parking features
Leased, Off Street, Garage, Parking Lot, Driveway, 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 4
Last Checked: Aug 13 at 12:06PM
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.
Flex space building with retail space and storage space, plus multiple garage doors and a private entrance. The building is block and concrete with concrete flooring, rubber roofing, and forced air heating. On-site features include lighting and parking options including a garage, off-street parking, driveway, and RV parking. Utilities include phone service, with public water and public sewer.
The property is zoned C2 and sits on 1.2 acres totaling 10,000 SF. Parking is provided for 20 vehicles, supporting both storefront activity and service-oriented operations.
The majority of the building is rented, with the ability for an owner-occupied business to operate alongside existing tenants.
The property is zoned C2 and sits on 1.2 acres totaling 10,000 SF. Parking is provided for 20 vehicles, supporting both storefront activity and service-oriented operations.
The majority of the building is rented, with the ability for an owner-occupied business to operate alongside existing tenants.
Key Highlights
- 1.2‑acre flex space property totaling 10,000 SF
- C2 zoning
- Built in 1962 with block and concrete construction
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
$83,160
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
7.08%
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%
$1,663,200
$1.7M
Cap Rate 7%
$1,188,000
$1.2M
Cap Rate 9%
$924,000
$924.0K
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
$132.0K $13.20/SF
− Vacancy
−$13.2K −$1.32/SF
EGI
$118.8K $11.88/SF
− OpEx
−$35.6K −$3.56/SF
NOI
$83.2K $8.32/SF
Area
Luzerne County, PA
Vacancy
10.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,663,200
Cap Rate 7%
$1,188,000
Cap Rate 9%
$924,000
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,160 @ 7.0% cap · market cap 7.08%
Second Best
Warehouse
$1.02M
$890.7K – $1.19M
NOI $71,253 @ 7.0% cap · market cap 6.06%
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
340
Businesses Nearby
Under-served
Demand for This Use
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?
Flex space - C2 zoned flex space on 1.2 acres with retail and storage, multiple garage doors, and parking for 20.
Where is this flex space 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: 1.2‑acre flex space property totaling 10,000 SF; C2 zoning; Built in 1962 with block and concrete construction
