Residential Income Property Zoned
For Sale
$319,000
28 Southside Lane, Scott Twp, PA 18414
Commercial Sale, Scott Twp, PA
Property Size2,100 SF
Lot Size1.14 Acres
Price / SF$151.90
Days on Market50
Property Features for 28 Southside Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
DD
Zoning description
Commercial
Exterior features
Private Yard
Lot features
Back Yard, Open Lot, Wooded
Elementary school district
Lakeland
Middle school district
Lakeland
High school district
Lakeland
Directions
81 N to Exit 199, make left at Exxon gas station and go all the way up, house on rightSee sign
Standard status
Active
APN
24600104100000
Size
2,100 SF
Lot size
1.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
1.14A W-01
Tax Annual Amount
4569
Legal Description
1.14A W-01
Utilities
Utilities
Cable Available
Sewer type
Septic Tank, Private Sewer
Heating system
Electric (Heating), Baseboard
Water source
Well
Building Details
Year built
1972
Floors in Building
1
Number of units
1
Flooring type
Carpet, Laminate
Building materials
Aluminum Siding, Stone
Roof type
Asphalt
Listing Agency:
REALTY NETWORK GROUP
(570) 585-6880
Listed By:
Marina Sewall · License #AB062369L
(570) 499-8948
Added: Jul 18
Changed: Sep 2
Last Checked: Sep 5 at 11:06AM
MLS# SC263531
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 for-sale residence is zoned DD for commercial use. Per the available remarks, there is no separate commercial property information sheet, and the listing notes the structure is a residence.
The property is located at 28 Southside Lane in Scott Twp, PA 18414, in Lackawanna County. The listing references MLS listing SC-263516 for additional information and show instructions.
The home is reported at 2,100 square feet. Lot size is listed at 1.14 acres. Because zoning and allowable uses can vary, prospective buyers should confirm what commercial uses are permitted with the township.
The property is located at 28 Southside Lane in Scott Twp, PA 18414, in Lackawanna County. The listing references MLS listing SC-263516 for additional information and show instructions.
The home is reported at 2,100 square feet. Lot size is listed at 1.14 acres. Because zoning and allowable uses can vary, prospective buyers should confirm what commercial uses are permitted with the township.
Key Highlights
- Year built: 1972
- Water and sewer: well water, private sewer with septic tank
- Heating includes baseboard and electric heating
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
$16,190
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
5.08%
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%
$323,800
$323.8K
Cap Rate 7%
$231,286
$231.3K
Cap Rate 9%
$179,889
$179.9K
Market Conditions
NOI Build-Up for 2,100 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
$31.2K $14.88/SF
− Vacancy
−$1.8K −$0.86/SF
EGI
$29.4K $14.02/SF
− OpEx
−$13.2K −$6.31/SF
NOI
$16.2K $7.71/SF
Area
Lackawanna County, PA
Vacancy
5.80%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
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%
$323,800
Cap Rate 7%
$231,286
Cap Rate 9%
$179,889
Alternative Uses
Best Use
Apartment 5plus
$231.3K
$202.4K – $269.8K
NOI $16,190 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$533.0K
$466.4K – $621.9K
NOI $37,311 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 18414, PA
5,194
Population
2,410
Households
2.2
Avg Household Size
47
Median Age
43%
College-Educated
96%
High-School Grad
40.7 sq mi
ZIP Area
128
Density / Sq Mi
$91,014
Median Household Income
$47,745
Median Earnings
$1,232
Median Rent
$279,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Residence zoned DD for commercial use; confirm permitted uses and requirements with the township.
Where is this single family property located?
The property is located at 28 Southside Lane Scott Twp, PA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Year built: 1972; Water and sewer: well water, private sewer with septic tank; Heating includes baseboard and electric heating
