Commercial Storefront
For Sale
$249,900
Pending
214 George Street, Throop, PA 18512
COMMERCIAL - Throop, PA
Property Size1,624 SF
Lot Size0.17 Acres
Days on Market424
Property Features for 214 George Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Zoning description
Commercial
Rooms
Basement
Basement
Interior Entry, Crawl Space
Elementary school district
Mid Valley
Middle school district
Mid Valley
High school district
Mid Valley
Directions
O'Neil Highwsy toleft on Sanderson St. left into George St.
Standard status
Pending
APN
12517020036
Size
1,624 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1726
Building Details
Year built
1950
Floors in Building
1
Number of units
1
Listing Agency:
Christian Saunders Real Estate
(800) 372-4222
Listed By:
Christian Saunders · License #RM424906
(570) 947-3292
Added: Jun 17, 2025
Changed: Aug 11
Last Checked: Aug 14 at 2:06PM
MLS# SC252950
Copyright © 2026 Greater Scranton Board of Realtors MLS. 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 commercial storefront building at 214 George Street in Throop Borough offers a solid, adaptable configuration for a range of uses. The property is listed for sale and totals 1,624 square feet.
The location is described as being in the heart of Throop Borough with strong visibility and convenient access. Off-street parking is available in the rear of the building.
Zoned C2, this property presents an option for buyers seeking a compact commercial building with rear parking on-site.
The location is described as being in the heart of Throop Borough with strong visibility and convenient access. Off-street parking is available in the rear of the building.
Zoned C2, this property presents an option for buyers seeking a compact commercial building with rear parking on-site.
Key Highlights
- Strategic location in the heart of Throop Borough.
- Strong visibility.
- Adaptable building suitable for business owners or investors.
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
$15,262
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
6.11%
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%
$305,240
$305.2K
Cap Rate 7%
$218,029
$218.0K
Cap Rate 9%
$169,578
$169.6K
Market Conditions
NOI Build-Up for 1,624 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
$24.4K $15.00/SF
− Vacancy
−$2.6K −$1.58/SF
EGI
$21.8K $13.43/SF
− OpEx
−$6.5K −$4.03/SF
NOI
$15.3K $9.40/SF
Area
Lackawanna County, PA
Vacancy
10.50%
Lease Rate
$15.00 /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%
$305,240
Cap Rate 7%
$218,029
Cap Rate 9%
$169,578
Alternative Uses
Best Use
Retail
$218.0K
$190.8K – $254.4K
NOI $15,262 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$412.2K
$360.7K – $480.9K
NOI $28,854 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
7k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 94%
Hotels & Casinos 6%
PNC Bank
Shops & Services
5,674 visits/mo
0.3 miles
The Tire Choice
Shops & Services
447 visits/mo
0.4 miles
Rodeway Inn
Hotels & Casinos
410 visits/mo
0.5 miles
Demographics for 18512, PA
12,081
Population
6,272
Households
1.9
Avg Household Size
44
Median Age
29%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
1,069
Density / Sq Mi
$63,097
Median Household Income
$43,249
Median Earnings
$927
Median Rent
$173,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront-style commercial building with solid, adaptable space and off-street parking in the rear.
Where is this storefront property located?
The property is located at 214 George Street Throop, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Strategic location in the heart of Throop Borough.; Strong visibility.; Adaptable building suitable for business owners or investors.
