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    180 Scenic Dr Lackawaxen, PA 18435

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    For Lease
    $750 /Mo

    Versatile 948 SF commercial space with river access and parking.

    Lot size:
    0.80 Acres

    Property Features for 180 Scenic Dr

    General Information

    Standard status
    Active
    Lot size
    0.80 Acres

    We can help!

    Listing Contact
    Eric James Ehrhardt
    Source: Exprealty

    Listing Agency: Davis R. Chant - Lake Wallenpaupack Listing Agent: Eric James Ehrhardt

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

    Learn more

    Overview

    Lackawaxen Commercial Space For Lease

    A 948 square foot commercial space is available for lease in the Village of Lackawaxen. This unit features a private bathroom and kitchenette, offering functionality for a range of business uses. The property includes off-street parking with 14 dedicated spaces and offers direct access to the Delaware River, making it suitable for businesses catering to outdoor recreation. Located within walking distance of the historic Roebling Bridge and the Zane Grey Museum, the site benefits from consistent local and visitor traffic. The space is suitable for retail, sporting goods, kayak/canoe sales, fishing equipment, or professional office use.
    Location Intelligence

    Current Use by Public Records

    ATM Atm

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Hotel & Motel Garden Center Car Rental Pawn Shop Bed & Breakfast Breakfast Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Lackawaxen
    County
    Pike
    State
    Pennsylvania
    Longitude
    -74.9856169
    Latitude
    41.4813665

    Nearby Similar for Lease

    • $750 /Mo
      34,848 SF

      Lackawaxen Commercial Space For Lease

      Versatile 948 SF commercial space with river access.
      180 Scenic Dr, Lackawaxen, PA 18435
      View Details
    • Contact for pricing
      57,862 SF

      Prime Lackawaxen Retail Center

      57,862 SF Retail Space Available
      454 Pa-590, Lackawaxen, PA 18435
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile 948 SF commercial space with river access and parking.
    Where is this retail space located?
    The property is located at 180 Scenic Dr Lackawaxen, PA.
    What are key features of this property?
    This property features: - Direct access to the Delaware River, ideal for outdoor recreation businesses.; - 14 dedicated off-street parking spaces.; - Versatile 948 sq ft commercial space suitable for retail, sporting goods, or office use.
    (570) 470-5912
    Request Owner's contact information
    180 Scenic Dr Lackawaxen, PA 18435
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    Lackawaxen, PA 18435
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    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
    180 Scenic Dr Lackawaxen, PA 18435
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    We can help!
    Listing Contact
    Eric James Ehrhardt
    (570) 470-5912
    Learn more
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