Medical Office Space with Treatment
New
For Sale
$650,000
12 Lacka Tr Glen Street, Clarks Summit, PA 18411
Commercial Sale, Glenburn Twp, PA
Property Size4,574 SF
Lot Size2.57 Acres
Price / SF$142.11
Days on Market2
Property Features for 12 Lacka Tr Glen Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Zoning description
Commercial
Rooms
Basement
Parking
8
Parking features
Parking Lot
Lot features
Gentle Sloping, Paved, Irregular Lot, Near General Business
Elementary school district
Abington Heights
Middle school district
Abington Heights
High school district
Abington Heights
Directions
Follow Rt 6 & 11 N through Clarks Summit about 2 miles just past the Glenburn Grill turn right at Glenburn Veterinarians sign onto Glen St...building on right
Standard status
Active
APN
09001030002
Size
4,574 SF
Lot size
2.57 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
2.57A Bldg & Land W-01 B-0310 L-0170 P-00000
Tax Annual Amount
9574
Legal Description
2.57A Bldg & Land W-01 B-0310 L-0170 P-00000
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Hot Water(Heating), Natural Gas, Baseboard, Zoned
Cooling system
Central Air, Electric
Water source
Private, Well
Building Details
Year built
1960
Floors in Building
2
Number of units
1
Flooring type
Concrete, Tile, Vinyl, Linoleum
Building materials
Block, Wood Siding, Concrete, Frame
Roof type
Shingle
Listing Agency:
Coldwell Banker Town & Country Properties · Coldwell Banker Real Estate
(570) 586-9636
Listed By:
Mary Jo Kelly · License #RS139863A
(570) 357-7795
Added: Aug 31
Last Checked: Sep 1 at 8:06PM
MLS# SC264321
Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,574-square-foot medical office property is currently configured for veterinary operations, with a reception area, two waiting rooms, exam rooms, an X-ray room, surgical suite, dental area, animal kennels, and storage. Tiled surfaces are installed across much of the clinical space. A 2008 addition improved and expanded portions of the building, which was originally constructed in 1960. Heating is provided by a newer natural-gas furnace with zoned hot-water baseboard service, while central air supplies cooling.
The property is located at 12 Lacka Tr Glen Street in Glenburn Twp, Pennsylvania. The 2.57-acre parcel provides an on-site parking lot and additional land area. C-2 zoning, private well water, septic service, and available water are documented for the property. Construction includes block, concrete, frame, and wood siding, with a shingle roof and basement storage area.
The property is located at 12 Lacka Tr Glen Street in Glenburn Twp, Pennsylvania. The 2.57-acre parcel provides an on-site parking lot and additional land area. C-2 zoning, private well water, septic service, and available water are documented for the property. Construction includes block, concrete, frame, and wood siding, with a shingle roof and basement storage area.
Key Highlights
- 4,574‑square‑foot medical office property configured for veterinary practice
- Clinical layout includes exam rooms, X‑ray room, surgical suite, dental area, and two waiting rooms
- Large and small animal kennels plus storage areas
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
$58,779
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
9.04%
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%
$1,175,580
$1.2M
Cap Rate 7%
$839,700
$839.7K
Cap Rate 9%
$653,100
$653.1K
Market Conditions
NOI Build-Up for 4,574 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
$91.7K $20.04/SF
− Vacancy
−$13.3K −$2.91/SF
EGI
$78.4K $17.13/SF
− OpEx
−$19.6K −$4.28/SF
NOI
$58.8K $12.85/SF
Area
Lackawanna County, PA
Vacancy
14.50%
Lease Rate
$20.04 /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%
$1,175,580
Cap Rate 7%
$839,700
Cap Rate 9%
$653,100
Alternative Uses
Best Use
Office B
$839.7K
$734.7K – $979.7K
NOI $58,779 @ 7.0% cap · market cap 9.04%
Second Best
Healthcare Medical
$770.6K
$674.2K – $899.0K
NOI $53,939 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,268 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18411, PA
22,851
Population
9,375
Households
2.4
Avg Household Size
45
Median Age
51%
College-Educated
96%
High-School Grad
55.4 sq mi
ZIP Area
412
Density / Sq Mi
$96,471
Median Household Income
$51,224
Median Earnings
$1,253
Median Rent
$274,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Glenburn Veterinarians, P.C. — 12 Glenn Ave, Clarks Summit, PA 18411
- Dr. H. L. Nelson, Jr., V.M.D. — 12 Glenn Ave, Clarks Summit, PA 18411
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured veterinary facility with clinical rooms, animal kennels, parking, and C-2 zoning.
Where is this medical office space located?
The property is located at 12 Lacka Tr Glen Street Clarks Summit, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 4,574‑square‑foot medical office property configured for veterinary practice; Clinical layout includes exam rooms, X‑ray room, surgical suite, dental area, and two waiting rooms; Large and small animal kennels plus storage areas
