Mixed-Use Property with
For Sale
$299,000
175 Purdytown Tpke, Lakeville, PA 18438
Attached residential quarters support a live-work format alongside adaptable commercial space.
Property Size2,429 SF
Lot Size1.01 Acres
Price / SF$123.10
Days on Market9
Property Features for 175 Purdytown Tpke
General Information
Standard status
Active
Size
2,429 SF
Lot size
1.01 Acres
Property Condition
Severity
Repairs Needed
Evidence
will require some TLC and renovation
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,764
Listing Agency:
Davis R. Chant - Honesdale
(570) 253-4191
Listed By:
Elena Nouri · License #AB069673
(570) 751-6100
Source:
Exprealty
Added: Aug 26
Changed: Sep 3
Last Checked: Sep 3 at 2:25AM
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 - Honesdale
Investment Insights
Based on property information with market context.
This mixed-use property combines a commercial building with an attached 3-bedroom, 2-bath residence on a 1.01-acre parcel. The commercial portion previously operated as a tavern and includes ample parking. The property has been inactive as a business for several years and requires renovation, allowing the next owner to reconfigure the space for a supported commercial use.
Positioned along State Route 590 in Lakeville, the property sits between Hawley and Hamlin and is approximately 10 minutes from Lake Wallenpaupack. The attached residence creates an on-site living arrangement that complements the commercial component. The property is also identified for live-work, office, restaurant, and other mixed-use applications in the listing classification.
Positioned along State Route 590 in Lakeville, the property sits between Hawley and Hamlin and is approximately 10 minutes from Lake Wallenpaupack. The attached residence creates an on-site living arrangement that complements the commercial component. The property is also identified for live-work, office, restaurant, and other mixed-use applications in the listing classification.
Key Highlights
- 1.01‑acre mixed‑use property in Lakeville, PA
- Attached 3‑bedroom, 2‑bath residence
- Commercial building with ample parking
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
$25,167
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
8.42%
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%
$503,340
$503.3K
Cap Rate 7%
$359,529
$359.5K
Cap Rate 9%
$279,633
$279.6K
Market Conditions
NOI Build-Up for 2,429 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
$43.7K $18.00/SF
− Vacancy
−$3.5K −$1.42/SF
EGI
$40.3K $16.58/SF
− OpEx
−$15.1K −$6.22/SF
NOI
$25.2K $10.36/SF
Area
Wayne County, PA
Vacancy
7.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$503,340
Cap Rate 7%
$359,529
Cap Rate 9%
$279,633
Alternative Uses
Best Use
Office B
$485.9K
$425.1K – $566.8K
NOI $34,010 @ 7.0% cap · market cap 11.37%
Second Best
Specialty Retail
$447.4K
$391.5K – $521.9K
NOI $31,316 @ 7.0% cap · market cap 10.47%
Theoretical Best
Office A
$592.3K
$518.3K – $691.0K
NOI $41,460 @ 7.0% cap · market cap 13.87%
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
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 18438, PA
1,186
Population
1,692
Households
0.7
Avg Household Size
57
Median Age
38%
College-Educated
95%
High-School Grad
8.2 sq mi
ZIP Area
145
Density / Sq Mi
$59,808
Median Household Income
$41,250
Median Earnings
$352,600
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 - Attached residential quarters support a live-work format alongside adaptable commercial space.
Where is this mixed-use property located?
The property is located at 175 Purdytown Tpke Lakeville, PA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1.01‑acre mixed‑use property in Lakeville, PA; Attached 3‑bedroom, 2‑bath residence; Commercial building with ample parking
