Flex Space with
For Sale
Contact for pricing
1399 Purdytown Turnpike, Hawley, PA 18428
Commercial property combining customer-facing office space, a greenhouse, warehouse capacity, and outdoor operational areas.
Property Size6,462 SF
Price / SF$147.01
Days on Market10
Property Features for 1399 Purdytown Turnpike
General Information
Standard status
Active
Size
6,462 SF
Total Parking Spaces
10
Property subtype
Retail, Office, Self Storage
Zoning
C-1 General Commercial
Building Details
Year Built
1997
Year Renovated
2015
Buildings
2
Stories
2
Units
2
Listing Agency:
Davis R. Chant Realtors
(570) 226-4518
Listed By:
Eric Ehrhardt · License #PA RS140542A
Source:
Crexi
Added: Aug 11
Changed: Aug 18
Last Checked: Aug 19 at 9:23AM
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 Davis R. Chant Realtors
Investment Insights
Based on property information with market context.
This flex space property combines a stone-faced office and showroom with a greenhouse and a three-bay warehouse. The 4,000-square-foot warehouse supports equipment, vehicles, inventory, and day-to-day operations, while gravel yards, concrete material bins, outdoor storage areas, and parking extend the usable operational footprint. The property was built in 1997 and is zoned C-1 General Commercial.
Located at 1399 Purdytown Turnpike in Hawley, the property fronts Route 590 and sits less than 1 mile from Route 6. Approximately 4,900 vehicles pass the site daily. Its layout supports customer access alongside storage and fleet-oriented functions. The sale includes the real estate only; business, equipment, and inventory are excluded.
Located at 1399 Purdytown Turnpike in Hawley, the property fronts Route 590 and sits less than 1 mile from Route 6. Approximately 4,900 vehicles pass the site daily. Its layout supports customer access alongside storage and fleet-oriented functions. The sale includes the real estate only; business, equipment, and inventory are excluded.
Key Highlights
- 4,000‑square‑foot, three‑bay warehouse
- Approximately 4,900 vehicles pass daily
- Less than 1 mile from Route 6 via Route 590
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
$45,294
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
4.77%
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%
$905,880
$905.9K
Cap Rate 7%
$647,057
$647.1K
Cap Rate 9%
$503,267
$503.3K
Market Conditions
NOI Build-Up for 6,462 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
$56.9K $8.81/SF
− Vacancy
−$3.6K −$0.56/SF
EGI
$53.3K $8.25/SF
− OpEx
−$8.0K −$1.24/SF
NOI
$45.3K $7.01/SF
Area
Wayne County, PA
Vacancy
6.40%
Lease Rate
$8.81 /SF/Yr
Expense Ratio
15.00%
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%
$905,880
Cap Rate 7%
$647,057
Cap Rate 9%
$503,267
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,479 @ 7.0% cap · market cap 9.52%
Second Best
Warehouse
$647.1K
$566.2K – $754.9K
NOI $45,294 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,299 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18428, PA
12,314
Population
9,606
Households
1.3
Avg Household Size
52
Median Age
30%
College-Educated
95%
High-School Grad
151.1 sq mi
ZIP Area
81
Density / Sq Mi
$75,463
Median Household Income
$37,573
Median Earnings
$1,195
Median Rent
$263,300
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?
Flex space - Commercial property combining customer-facing office space, a greenhouse, warehouse capacity, and outdoor operational areas.
Where is this flex space located?
The property is located at 1399 Purdytown Turnpike Hawley, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 4,000‑square‑foot, three‑bay warehouse; Approximately 4,900 vehicles pass daily; Less than 1 mile from Route 6 via Route 590
