Warehouse with Front Garage
For Sale
$189,999
108 Wood St, Wilkes Barre, PA 18708
Warehouse with front garage door access, indoor parking capability, and available storage alongside retail space in Wilkes-Barre.
Property Size3,000 SF
Price / SF$63.33
Days on Market225
Property Features for 108 Wood St
General Information
Standard status
Active
Size
3,000 SF
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$1,516
Listing Agency:
Lewith & Freeman, Kingston
(570) 288-9371
Listed By:
Gregory Barrouk
(570) 762-8277
Source:
Exprealty
Added: Jan 22
Changed: Aug 20
Last Checked: Sep 4 at 8:58AM
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, Kingston
Investment Insights
Based on property information with market context.
Commercial property offering retail space plus available storage. The warehouse totals 3,000 sq ft and includes a garage door at the front, providing indoor parking and access through to the rear lot.
Located at 108 Wood St in Wilkes-Barre, PA, the property’s setup supports a mix of street-facing retail and back-of-house storage accessed via the front loading-style opening.
This offering is structured for a functional combination of retail space and warehouse storage, with direct indoor parking/entry through the front garage door and continued access to the rear lot.
Located at 108 Wood St in Wilkes-Barre, PA, the property’s setup supports a mix of street-facing retail and back-of-house storage accessed via the front loading-style opening.
This offering is structured for a functional combination of retail space and warehouse storage, with direct indoor parking/entry through the front garage door and continued access to the rear lot.
Key Highlights
- 3000 sq ft warehouse in Wilkes‑Barre with retail space and available storage
- Front garage door provides indoor parking and access to the rear lot
- Warehouse includes a layout that supports both retail space and storage
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
$16,556
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
8.71%
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%
$331,120
$331.1K
Cap Rate 7%
$236,514
$236.5K
Cap Rate 9%
$183,956
$184.0K
Market Conditions
NOI Build-Up for 3,000 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
$26.3K $8.76/SF
− Vacancy
−$2.6K −$0.88/SF
EGI
$23.7K $7.88/SF
− OpEx
−$7.1K −$2.37/SF
NOI
$16.6K $5.52/SF
Area
Luzerne County, PA
Vacancy
10.00%
Lease Rate
$8.76 /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%
$331,120
Cap Rate 7%
$236,514
Cap Rate 9%
$183,956
Alternative Uses
Best Use
Warehouse
$305.4K
$267.2K – $356.3K
NOI $21,376 @ 7.0% cap · market cap 11.25%
Second Best
Industrial
$236.5K
$207.0K – $275.9K
NOI $16,556 @ 7.0% cap · market cap 8.71%
Theoretical Best
Office A
$950.4K
$831.6K – $1.11M
NOI $66,528 @ 7.0% cap · market cap 35.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
931
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18708, PA
8,988
Population
4,174
Households
2.2
Avg Household Size
48
Median Age
50%
College-Educated
98%
High-School Grad
16.0 sq mi
ZIP Area
562
Density / Sq Mi
$95,480
Median Household Income
$55,118
Median Earnings
$1,085
Median Rent
$246,900
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse with front garage door access, indoor parking capability, and available storage alongside retail space in Wilkes-Barre.
Where is this flex space located?
The property is located at 108 Wood St Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $189,999.
What are key features of this property?
This property features: 3000 sq ft warehouse in Wilkes‑Barre with retail space and available storage; Front garage door provides indoor parking and access to the rear lot; Warehouse includes a layout that supports both retail space and storage
