1231 Wyoming Avenue, Scranton, PA 18509
Commercial property with 1,700 sq ft office building for sale.
- Added:
- Jun 19, 2024
- Days on Market:
- 726
- Last Refresh:
- May 19 at 9:53 pm
Property Features for 1231 Wyoming Avenue
General Information
- Standard status
- Active
- Size
- 1,700 SF
- Lot size
- 0.36 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1975
Listing agent Jim Nasser License #AB065869 (570) 309-8799
Listing office NASSER REAL ESTATE, INC. (570) 309-8799
Listing date Jun 19, 2024
Source Exitrealty
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 NASSER REAL ESTATE, INC.
HighLights
- Leased to Enterprise Car Rental - generating income for you.
- Prime commercial location ensures high visibility.
- Level, paved property for ease of use.
- 1,700 sq ft office building included.
- Year Built: 1975
- Commercial zoning.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.1k | $20.04 |
| − Vacancy | −$4.9k | −$2.91 |
| EGI | $29.1k | $17.13 |
| − OpEx | −$7.3k | −$4.28 |
| NOI | $21.8k | $12.85 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Scranton
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.6517
- Latitude
- 41.4215
