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    Industrial Flex/Office Space Available Title is generated by Realmo AI

    600 S Poplar Street, Hazleton, PA 18201

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    Multi-tenant building with warehouse, distribution, flex, and office space.

    Type:Industrial
    Property size:
    17,000 SF
    Lot size:
    5.49 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    67
    Last Refresh:
    Apr 1 at 11:44 am

    Property Features for 600 S Poplar Street

    General Information

    Standard status
    Active
    Size
    17,000 SF
    Lot size
    5.49 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1954

    Spaces For Lease

    at 600 S Poplar Street Contact us

    We can help!

    Listing Contact
    Steve Cole, SIOR

    Listing agent Steve Cole, SIOR

    Listing office

    Listing date Apr 1, 2026

    Source Naiglobal

    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 Steve Cole, SIOR

    HighLights

    • Located in a Qualified Opportunity Zone (QOZ)
    • Easy access to I‑81 corridor
    • 17,000± SF Total Space Available (combination of office and industrial space)
    • New Roof and New Paved Parking with 150 Spaces
    • 1,200 amp /120‑240 volt / 3 phase power
    • Multi‑Tenant Warehouse/ Distribution Flex Building

    Overview

    This multi-tenant industrial flex/office building offers approximately 17,000 square feet of available space within a 69,000 square foot, two-story structure situated on approximately 5.49 acres. The available space includes approximately 2,500 square feet of office space on the second floor and approximately 14,000 square feet of industrial space. Spaces can be combined. Suite 100 offers approximately 2,010 square feet, Suite 105 offers approximately 2,275 square feet, and Suite 115 (back portion) offers approximately 10,000 square feet. The building features ceiling heights of 14 to 16 feet clear, one drive-in loading area, and column spacing of 40 feet wide by 35 feet deep. Power is supplied by a 1,200 amp/120-240 volt/3-phase system. The property is equipped with a wet sprinkler system. Additional features include a new roof, new paved parking, and 150 parking spaces. The property is ideally located off the I-81 corridor and is situated within a Qualified Opportunity Zone.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hazleton
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.973639
    Latitude
    40.936905

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    FAQs

    What type of property is this?
    Flex space - Multi-tenant building with warehouse, distribution, flex, and office space.
    Where is this flex space located?
    The property is located at 600 S Poplar Street Hazleton, PA.
    What are key features of this property?
    This property features: Located in a Qualified Opportunity Zone (QOZ); Easy access to I‑81 corridor; 17,000± SF Total Space Available (combination of office and industrial space)
    (570) 406-7428
    We can help!
    Listing Contact
    Steve Cole, SIOR
    Learn More
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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.

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