Two-Story Former Bank Office
For Sale
$1,600,000
200 W Broad St, Hazleton, PA 18201
Vacant two-story Class A office building with a functional drive-thru, 14 parking spaces, and fiber-optic cabling.
Property Size8,050 SF
Price / SF$198.76
Days on Market568
Property Features for 200 W Broad St
General Information
Standard status
Active
Size
8,050 SF
Class
A
Total Parking Spaces
14
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
drive-thru
fiber-optic cabling
prominent signage
Building Details
Year Built
1980
Stories
2
Listing Agency:
Humford Realty
Listed By:
Robert Finlay
Source:
Nepahousehunt
Added: Feb 14, 2025
Changed: Sep 4
Last Checked: Sep 2 at 2:53AM
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 Humford Realty
Investment Insights
Based on property information with market context.
This vacant, two-story Class A former bank branch and office building is offered fee simple. The property was designed and constructed to PNC Bank specifications and includes a functional drive-thru, fiber-optic cabling, and 14 on-site parking spaces. The building is well-maintained with strong curb appeal.
Located on a prime downtown corner at the intersection of “Main and Main,” the property benefits from prominent building signage. Easy access is available at a signaled intersection, supporting convenient arrival for customers, staff, or business operations.
The building’s configuration and improvements position it as a flexible downtown office site, with the drive-thru feature and on-site parking serving everyday operational needs.
Located on a prime downtown corner at the intersection of “Main and Main,” the property benefits from prominent building signage. Easy access is available at a signaled intersection, supporting convenient arrival for customers, staff, or business operations.
The building’s configuration and improvements position it as a flexible downtown office site, with the drive-thru feature and on-site parking serving everyday operational needs.
Key Highlights
- Vacant two‑story Class A former bank branch and office building built in 1980
- Functional drive‑thru on‑site
- 14 on‑site parking spaces
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
$142,016
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
8.88%
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%
$2,840,320
$2.8M
Cap Rate 7%
$2,028,800
$2.0M
Cap Rate 9%
$1,577,956
$1.6M
Market Conditions
NOI Build-Up for 8,050 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
$233.8K $29.04/SF
− Vacancy
−$44.4K −$5.52/SF
EGI
$189.4K $23.52/SF
− OpEx
−$47.3K −$5.88/SF
NOI
$142.0K $17.64/SF
Area
Luzerne County, PA
Vacancy
19.00%
Lease Rate
$29.04 /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%
$2,840,320
Cap Rate 7%
$2,028,800
Cap Rate 9%
$1,577,956
Alternative Uses
Best Use
Office B
$2.03M
$1.78M – $2.37M
NOI $142,016 @ 7.0% cap · market cap 8.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.55M
$2.23M – $2.98M
NOI $178,517 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 18201, PA
31,310
Population
13,318
Households
2.4
Avg Household Size
37
Median Age
11%
College-Educated
76%
High-School Grad
17.5 sq mi
ZIP Area
1,789
Density / Sq Mi
$43,983
Median Household Income
$30,463
Median Earnings
$1,019
Median Rent
$131,900
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.
Frequently Asked Questions
What type of property is this?
Office building - Vacant two-story Class A office building with a functional drive-thru, 14 parking spaces, and fiber-optic cabling.
Where is this office building located?
The property is located at 200 W Broad St Hazleton, PA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Vacant two‑story Class A former bank branch and office building built in 1980; Functional drive‑thru on‑site; 14 on‑site parking spaces
