Mixed-Use Building with
For Sale
$260,900
1365 Wyoming Ave, Scranton, PA 18509
Single-story commercial space with flexible interior configuration, separate access points, and neighborhood mixed-use zoning.
Property Size1,714 SF
Price / SF$152.22
Days on Market43
Property Features for 1365 Wyoming Ave
General Information
Standard status
Active
Size
1,714 SF
Zoning
N
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,714
Amenities
ductless AC/heat systems
200 AMP electrical service
gas heat and hot water
two separate entrances/exits
basement storage
Building Details
Buildings
1
Stories
1
Construction
stone/brick
Listing Agency:
REALTY NETWORK GROUP
(570) 575-2333
Listed By:
Ann E Cappellini · License #AB045764A
(570) 575-2333
Source:
Exprealty
Added: Jul 12
Changed: Aug 22
Last Checked: Aug 21 at 8:45AM
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 REALTY NETWORK GROUP
Investment Insights
Based on property information with market context.
This 1,714-square-foot mixed-use property includes a single-story building with a stone and brick exterior, an expanded paved parking area, and an adaptable interior layout. The space has been opened and reconfigured for future build-out, with provisions for an accessible bathroom. Two separate entrances and exits support flexible occupancy arrangements, while the basement provides additional storage or usable area with generous ceiling height.
The property comprises two parcels conveyed under one deed and represented by two tax records. The improved parcel contains the building; the second is an unimproved 40' x 120' lot. Zoned N: City Neighborhood Mixed Use, the site is positioned directly across from the Lackawanna County Criminal Justice Center in Scranton. Building infrastructure includes a 200 AMP electrical panel, gas heat, gas hot water, and two ductless AC/heat systems. A roof section was replaced in 2019, and numerous windows were also replaced.
The property comprises two parcels conveyed under one deed and represented by two tax records. The improved parcel contains the building; the second is an unimproved 40' x 120' lot. Zoned N: City Neighborhood Mixed Use, the site is positioned directly across from the Lackawanna County Criminal Justice Center in Scranton. Building infrastructure includes a 200 AMP electrical panel, gas heat, gas hot water, and two ductless AC/heat systems. A roof section was replaced in 2019, and numerous windows were also replaced.
Key Highlights
- 1,714 SF single‑story mixed‑use building with an adaptable, opened interior layout
- Two parcels under one deed; unimproved parcel measures 40' x 120'
- Directly across from the Lackawanna County Criminal Justice Center
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
$22,026
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
8.44%
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%
$440,520
$440.5K
Cap Rate 7%
$314,657
$314.7K
Cap Rate 9%
$244,733
$244.7K
Market Conditions
NOI Build-Up for 1,714 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
$34.3K $20.04/SF
− Vacancy
−$5.0K −$2.91/SF
EGI
$29.4K $17.13/SF
− OpEx
−$7.3K −$4.28/SF
NOI
$22.0K $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%
$440,520
Cap Rate 7%
$314,657
Cap Rate 9%
$244,733
Alternative Uses
Best Use
Office B
$314.7K
$275.3K – $367.1K
NOI $22,026 @ 7.0% cap · market cap 8.44%
Second Best
Mixed Use
$247.9K
$216.9K – $289.2K
NOI $17,354 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$435.0K
$380.7K – $507.6K
NOI $30,453 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
Explore this area
Business Placement
Demographics for 18509, PA
13,720
Population
6,017
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
3.0 sq mi
ZIP Area
4,573
Density / Sq Mi
$52,206
Median Household Income
$31,657
Median Earnings
$991
Median Rent
$176,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Single-story commercial space with flexible interior configuration, separate access points, and neighborhood mixed-use zoning.
Where is this mixed-use property located?
The property is located at 1365 Wyoming Ave Scranton, PA.
What is the asking price?
The asking price for this property is $260,900.
What are key features of this property?
This property features: 1,714 SF single‑story mixed‑use building with an adaptable, opened interior layout; Two parcels under one deed; unimproved parcel measures 40' x 120'; Directly across from the Lackawanna County Criminal Justice Center
