Storefront Hair
For Sale
$299,000
107 Ridge St, Honesdale, PA 18431
Established salon property with on-site parking serving clients and staff.
Property Size1,200 SF
Price / SF$249.17
Days on Market20
Property Features for 107 Ridge St
General Information
Standard status
Active
Size
1,200 SF
Taxes and HOA fees
Annual Taxes
$3,723
Amenities
on-site parking
Listing Agency:
Davis R. Chant - Lake Wallenpaupack
(570) 470-5365
Listed By:
Debra K. Gunnip · License #RS317003
(570) 470-5365
Source:
Exprealty
Added: Jul 29
Changed: Aug 15
Last Checked: Aug 16 at 9:40AM
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 Davis R. Chant - Lake Wallenpaupack
Investment Insights
Based on property information with market context.
This 1,200 SF storefront property is currently configured as an established hair salon. On-site parking supports daily customer and employee access, while the existing layout provides a foundation for continued salon operations or future adaptation.
The property is located at 107 Ridge St in Honesdale, PA, just minutes from Main Street. Its current commercial setup may also suit professional services, boutique retail, specialty business, or other service-oriented uses, subject to applicable requirements.
The property is located at 107 Ridge St in Honesdale, PA, just minutes from Main Street. Its current commercial setup may also suit professional services, boutique retail, specialty business, or other service-oriented uses, subject to applicable requirements.
Key Highlights
- 1,200 SF storefront property
- Currently configured as an established hair salon
- On‑site parking for clients and staff
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
$14,394
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
4.81%
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%
$287,880
$287.9K
Cap Rate 7%
$205,629
$205.6K
Cap Rate 9%
$159,933
$159.9K
Market Conditions
NOI Build-Up for 1,200 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
$21.6K $18.00/SF
− Vacancy
−$1.0K −$0.86/SF
EGI
$20.6K $17.14/SF
− OpEx
−$6.2K −$5.14/SF
NOI
$14.4K $12.00/SF
Area
Wayne County, PA
Vacancy
4.80%
Lease Rate
$18.00 /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%
$287,880
Cap Rate 7%
$205,629
Cap Rate 9%
$159,933
Alternative Uses
Best Use
Retail
$205.6K
$179.9K – $239.9K
NOI $14,394 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$292.6K
$256.0K – $341.4K
NOI $20,483 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
854
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18431, PA
12,602
Population
6,217
Households
2
Avg Household Size
47
Median Age
24%
College-Educated
90%
High-School Grad
134.8 sq mi
ZIP Area
93
Density / Sq Mi
$55,323
Median Household Income
$33,298
Median Earnings
$1,013
Median Rent
$222,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Honesdale Greenhouse & Flower Shop — 1043 Main St, Honesdale, PA 18431
Frequently Asked Questions
What type of property is this?
Storefront property - Established salon property with on-site parking serving clients and staff.
Where is this storefront property located?
The property is located at 107 Ridge St Honesdale, PA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,200 SF storefront property; Currently configured as an established hair salon; On‑site parking for clients and staff
