Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    175 Research Dr Pittston, PA 18640

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Land available for lease at 175 Research Drive.

    Property size:
    24,000 SF
    Lot size:
    3.46 Acres

    Property Features for 175 Research Dr

    General Information

    Size
    24,000 SF
    Lot size
    3.46 Acres

    We can help!

    Listing Contact
    Bob Besecker
    Source: Moodyscre

    Listing Agent: Bob Besecker

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Land for Lease in Pittston

    This property offers land for lease at 175 Research Drive in Pittston, Pennsylvania. The property encompasses approximately 24,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store Department Store Grocery Store Cafe & Coffee Shop Smoke and Vape Shop Kid Store Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittston
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.7426
    Latitude
    41.288895

    Nearby Similar for Lease

    • $3,400 /Mo
      2,500 SF

      Remodeled Flex Space with Executive Office

      Industrial flex space with upscale finishes, ideal for various uses.
      151 Brown Rd, Pittston, PA 18640
      View Details
    • $1,586 /Mo
      22,500 SF

      Office Space in Pittston Township

      Bright office space available immediately off Route 315.
      400 Route 315 Hwy, Pittston, PA 18640
      View Details
    • $1,200 /Mo
      2,500 SF

      Pittston Commercial Storage Space

      Dry storage space with offices in historic downtown building.
      2 S Main St, Pittston, PA 18640
      View Details
    • $750 /Mo
      479 SF

      Remodeled Storefront in Wyoming, PA

      Remodeled storefront available for rent in Wyoming, Pennsylvania.
      306 Wyoming Ave, Pittston, PA 18644
      View Details
    • Contact for pricing
      249,750 SF

      Spacious Warehouse with Expansion Potential

      249,750 SF warehouse expandable to 360,750 SF for lease.
      175 Patriot Dr, Pittston, PA
      View Details
    • Contact for pricing
      511,500 SF

      Beverage Manufacturing Facility with Expansion

      403,000 SF manufacturing facility on 58.45 acres for rent.
      Armstrong Rd, Pittston, PA 18640
      View Details
    • Contact for pricing
      86,916 SF

      Industrial Space Under Construction

      86,916 SF industrial space available for rent in 2Q25.
      250 Enterprise Way, Pittston, PA
      View Details
    • Contact for pricing
      67,821 SF

      New Industrial Flex Space Available

      67,821 SF industrial/flex space for lease in Pittston, PA.
      147 Commonwealth Dr, Pittston, PA
      View Details
    • Contact for pricing
      54,710 SF

      Flex/Industrial Building Near I-81

      104,000 SF flex/industrial building in CenterPoint Commerce & Trade Park.
      400 Keystone Ave, Pittston, PA
      View Details
    • Contact for pricing
      144,000 SF

      Pittston Distribution Warehouse for Lease

      144,000 SF distribution warehouse with cross-dock configuration available for lease.
      125 Capital Rd, Pittston, PA 18640
      View Details
    • Contact for pricing
      310,187 SF

      315 Enterprise Way: Industrial Space

      Modern industrial space; prime location.
      225 Enterprise Way, Pittston, PA 18640
      View Details
    • Contact for pricing
      30,891 SF

      Keystone Avenue Commercial Space

      Pittston, PA Retail & Office Opportunity
      100 Keystone Ave, Pittston, PA 18640
      View Details

    FAQs

    What type of property is this?
    Land - Land available for lease at 175 Research Drive.
    Where is this land located?
    The property is located at 175 Research Dr Pittston, PA.
    What are key features of this property?
    This property features: - Land available for lease; - Address: 175 Research Drive
    (570) 823-1100
    Request Owner's contact information
    175 Research Dr Pittston, PA 18640
    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.
    175 Research Dr
    Pittston, PA 18640
    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
    175 Research Dr Pittston, PA 18640
    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

    We can help!
    Listing Contact
    Bob Besecker
    (570) 823-1100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.