Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5175 Airport Road Hazleton, PA 18202

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,800,000

    Like-new 16,000 SF hangar near I-81, I-80, and I-476.

    Type:General Commercial
    Property size:
    16,000 SF
    Price / SF:
    $175/SF
    Added:
    Dec 31, 2024
    Days on Market:
    484
    Last Refresh:
    Apr 1 at 9:14 pm

    Property Features for 5175 Airport Road

    General Information

    Standard status
    Active
    Size
    16,000 SF
    Property subtype
    General Commercial

    Building Details

    Year Built
    2022

    We can help!

    Listing Contact
    Antonio DeRosa

    Listing agent Antonio DeRosa

    Listing office Lewith & Freeman, Mountaintop

    Listing date Dec 31, 2024

    Source Xome

    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 Lewith & Freeman, Mountaintop

    Overview

    Hazleton Airport Hangar For Sale

    This like-new 16,000 square foot hangar is located at Hazleton Regional Airport (HZL). The property offers convenient access to I-81, I-80, and I-476, as well as the Humboldt Industrial Park. The property is available for sale or lease. An adjoining 3,000 square foot roughed-in space is available for future needs.
    Location Intelligence

    Current Use by Public Records

    Aviation real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Hazleton
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.984204
    Latitude
    40.991846

    Nearby Similar for Sale

    • $140,000
      4,000 SF

      Turnkey Nail Salon Business

      Well-established nail salon business for sale in Hazleton, PA.
      546 W BROAD Street, Hazleton, PA 18201
      View Details
    • $139,900
      2,080 SF

      Commercial Building with Garage

      Commercial building with garage, work rooms, and parking.
      902 N Penn Court, Hazleton, PA 18201
      View Details
    • $330,000
      2,880 SF

      Hazleton Multifamily Investment Opportunity

      Well-maintained Hazleton property ideal for investors or owner-occupants.
      221 223 S Pine Street, Hazleton, PA 18201
      View Details
    • $880,000
      5,616 SF

      Hazleton Commercial Property on Route 309

      Prime commercial property with potential, parking, and apartment included.
      501 S CHURCH Street, Hazleton, PA 18201
      View Details
    • $1,600,000
      8,050 SF

      Hazleton Commercial Property For Sale

      Two-story, 8,500 SF commercial building with on-site parking.
      200 W Broad Street, Hazleton, PA 18201
      View Details
    • $295,000
      2,105 SF

      Hazleton Multifamily Investment Opportunity

      Well-maintained duplex on an oversized lot in Hazleton, PA.
      403 W 7TH Street, Hazleton, PA 18201
      View Details
    • $1,200,000

      Convenience Store, Gas Station, Garage

      Convenience store, gas station, and auto body garage near I-80.
      1050 E Broad St, Hazleton, PA, 18201-6802
      View Details
    • Contact for pricing
      350,000 SF

      Hazleton Distribution Facility For Sale

      350,000 SF cross-dock facility in Humboldt Industrial Park.
      62A Green Mountain Road, Hazleton, PA 18202
      View Details
    • Contact for pricing
      4,800 SF

      Industrial Service Facility on 4.14 Acres

      4,800 SF industrial facility with excellent highway access.
      43 N Conahan Dr, Hazleton, PA 18201
      View Details
    • $695,000
      17,186 SF

      Hazleton Office Building For Sale

      17,186 SF office building with parking lot.
      755 N Vine St, Hazleton, PA
      View Details
    • Contact for pricing
      242,960 SF

      Hazleton Industrial Property For Sale

      242,960 SF industrial property in an Opportunity Zone.
      594 Can Do Expressway, Hazleton, PA 18202
      View Details
    • $5,483,739
      13,090 SF

      Medical Office Space Available

      Medical office space for sale with favorable depreciation.
      1000 Alliance Dr, Hazleton, PA 18202
      View Details

    FAQs

    What type of property is this?
    Aviation real estate - Like-new 16,000 SF hangar near I-81, I-80, and I-476.
    Where is this aviation real estate located?
    The property is located at 5175 Airport Road Hazleton, PA.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: 16,000 Sq Ft Hangar at Hazleton Regional Airport (HZL); Like new, built in 2022; Close proximity to I‑81, I‑80, and I‑476
    (570) 474-9801
    We can help!
    Listing Contact
    Antonio DeRosa
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!