Award-Winning Restaurant with Owner's
For Sale
$400,000
Pending
700 Main Road, Dallas, PA 18612
Seafood and steak restaurant with living space and parking.
Property Size2,700 SF
Days on Market681
Property Features for 700 Main Road
General Information
Standard status
Pending
Size
2,700 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$5,789
Amenities
Refrigeration
3
Composition
27 Parking Spaces.
168 x 125 Avg-Irregular, 0.7799999713897705
Turnkey, Roof Sign. High Traffic.
Listing Agency:
Classic Properties Back Mountain
(570) 696-1195
Listed By:
Classic Properties Back Mountain · License #RM419088
(570) 696-5420
Source:
Xome
Added: Oct 13, 2024
Changed: Aug 23
Last Checked: Aug 23 at 2:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Classic Properties Back Mountain
Investment Insights
Based on property information with market context.
Lum's Fernbrook Inn is an award-winning seafood and steak restaurant. The restaurant has seating for 45 patrons, and the bar area accommodates 12 with a shuffleboard table, multiple televisions, and a 5-tap draft beer system. The property features a modern kitchen and ample off-street parking. The second floor contains owner's quarters with 4 rooms and a bath. The property is zoned B-2 and has a size of 2700 square feet.
Key Highlights
- Award‑winning Seafood and Steak Restaurant with established business
- B‑2 Zoning permits various business opportunities
- High traffic location with ample off‑street parking (27 spaces)
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
$29,099
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
7.27%
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%
$581,980
$582.0K
Cap Rate 7%
$415,700
$415.7K
Cap Rate 9%
$323,322
$323.3K
Market Conditions
NOI Build-Up for 2,700 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
$40.5K $15.00/SF
− Vacancy
−$1.7K −$0.63/SF
EGI
$38.8K $14.37/SF
− OpEx
−$9.7K −$3.59/SF
NOI
$29.1K $10.78/SF
Area
Luzerne County, PA
Vacancy
4.20%
Lease Rate
$15.00 /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%
$581,980
Cap Rate 7%
$415,700
Cap Rate 9%
$323,322
Alternative Uses
Best Use
Specialty Retail
$415.7K
$363.7K – $485.0K
NOI $29,099 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$855.4K
$748.4K – $997.9K
NOI $59,875 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
53k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 28%
Electronics 7%
McDonald's
Dining
25,305 visits/mo
0.5 miles
Taco Bell
Dining
8,905 visits/mo
0.3 miles
Sunoco
Shops & Services
4,897 visits/mo
0.3 miles
AutoZone
Shops & Services
4,410 visits/mo
0.5 miles
Wells Fargo
Shops & Services
3,836 visits/mo
0.3 miles
Demographics for 18612, PA
18,210
Population
6,713
Households
2.7
Avg Household Size
45
Median Age
37%
College-Educated
93%
High-School Grad
54.5 sq mi
ZIP Area
334
Density / Sq Mi
$97,022
Median Household Income
$44,841
Median Earnings
$1,150
Median Rent
$250,700
Median Home Value
Market
Vacancy Rate% for Retail 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?
Conventional restaurant - Seafood and steak restaurant with living space and parking.
Where is this conventional restaurant located?
The property is located at 700 Main Road Dallas, PA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Award‑winning Seafood and Steak Restaurant with established business; B‑2 Zoning permits various business opportunities; High traffic location with **ample off‑street parking (27 spaces)**
