Storefront Property with Updated
New
For Sale
$299,999
2 Rose Lane, Wilkes Barre, PA 18702
Commercial, Wilkes-Barre, PA
Property Size2,944 SF
Price / SF$101.90
Days on Market1
Property Features for 2 Rose Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Wilkes-Barre
Middle school district
Wilkes-Barre
High school district
Wilkes-Barre
Directions
make a left on East Market Street property is on your right side.
Subdivision
Wilkes Barre
Standard status
Active
APN
73-H10SW4-023-11D-000
Size
2,944 SF
Taxes and HOA fees
Tax Annual Amount
3136
Building Details
Year built
1776
Listing Agency:
Pecora Realtor, P.C.
(570) 455-9463
Listed By:
Soko Mujovic
(917) 969-0150
Added: Sep 10
Last Checked: Sep 10 at 8:06PM
MLS# 26-4661
Copyright © 2026 Luzerne County Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This storefront property contains 2,944 square feet of commercial space and is designated Commercial zoning. The building includes a bathroom and has received all-new electrical work, providing a substantial systems update for the next owner. Built in 1776, the property combines an established building structure with updated electrical infrastructure.
The property is located at 2 Rose Lane in Wilkes-Barre, Pennsylvania, within Luzerne County and ZIP Code 18702. Its storefront configuration and commercial zoning support a range of business uses, subject to applicable approvals.
The property is located at 2 Rose Lane in Wilkes-Barre, Pennsylvania, within Luzerne County and ZIP Code 18702. Its storefront configuration and commercial zoning support a range of business uses, subject to applicable approvals.
Key Highlights
- 2,944‑square‑foot storefront property
- Commercial zoning designation
- All‑new electrical work completed
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
$24,482
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
8.16%
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%
$489,640
$489.6K
Cap Rate 7%
$349,743
$349.7K
Cap Rate 9%
$272,022
$272.0K
Market Conditions
NOI Build-Up for 2,944 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
$38.9K $13.20/SF
− Vacancy
−$3.9K −$1.32/SF
EGI
$35.0K $11.88/SF
− OpEx
−$10.5K −$3.56/SF
NOI
$24.5K $8.32/SF
Area
Luzerne County, PA
Vacancy
10.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$489,640
Cap Rate 7%
$349,743
Cap Rate 9%
$272,022
Alternative Uses
Best Use
Retail
$349.7K
$306.0K – $408.0K
NOI $24,482 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$932.7K
$816.1K – $1.09M
NOI $65,286 @ 7.0% cap · market cap 21.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,791
Businesses Nearby
88k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 43%
Hotels & Casinos 8%
Electronics 1%
McDonald's
Dining
27,698 visits/mo
0.2 miles
Turkey Hill Minit Market
Shops & Services
25,159 visits/mo
0.3 miles
Citgo
Shops & Services
8,804 visits/mo
0.2 miles
Best Western Plus Wilkes Barre Center City
Hotels & Casinos
7,127 visits/mo
0.3 miles
Dollar Tree
Shops & Services
4,748 visits/mo
0.4 miles
Demographics for 18702, PA
42,133
Population
19,738
Households
2.1
Avg Household Size
40
Median Age
23%
College-Educated
87%
High-School Grad
78.1 sq mi
ZIP Area
539
Density / Sq Mi
$54,892
Median Household Income
$36,911
Median Earnings
$971
Median Rent
$115,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercially zoned storefront with newly completed electrical work and adaptable interior space.
Where is this storefront property located?
The property is located at 2 Rose Lane Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: 2,944‑square‑foot storefront property; Commercial zoning designation; All‑new electrical work completed
