Building Details

Building Size 8,010 SF

Year Built 2001

Listing Agency: REALTY NETWORK GROUP

Listed By: Dianne Montana, Broker of Record · License #RM423953 Show Phone

Source: Luxehomesnepa

Added: Feb 26 Changed: Oct 19 Last Checked: Oct 16 at 6:33PM

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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 REALTY NETWORK GROUP

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Investment Insights

Based on property information with market context.

This mixed-use facility, built in 2001, includes two principal sections totaling more than 8,000 square feet of enclosed and semi-enclosed space. The left section contains 4,000+/- square feet, an office, and two former car wash tunnels converted to open, adaptable space; one tunnel area is leased. The right section adds 4,000+/- square feet comprising manual car wash bays and enclosed storage units.

The property sits on a paved lot with substantial parking and additional room for expansion or improvements. Its location at 30 Sturges Road in Peckville places the facility near Route 6 and within a high-traffic area. The existing mix of wash bays, enclosed areas, office space, and storage provides a range of established commercial components for evaluation.

Key Highlights

• Mixed‑use facility built in 2001
• Left section includes 4000+/- sq ft, an office, and 2 converted car wash tunnels
• One converted tunnel area is already leased

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$69,572

Cap Rate

8.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,391,440 $1.4M

Cap Rate 7%

$993,886 $993.9K

Cap Rate 9%

$773,022 $773.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,010 SF

Gross rent

$105.7K $13.20/SF

− Vacancy

−$6.3K −$0.79/SF

EGI

$99.4K $12.41/SF

− OpEx

−$29.8K −$3.72/SF

NOI

$69.6K $8.69/SF

Area

Lackawanna County, PA

Vacancy

6.00%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,391,440

Cap Rate 7%

$993,886

Cap Rate 9%

$773,022

Alternative Uses

Best Use

Specialty Retail

$1.23M

$1.08M – $1.44M (±1% cap)

NOI $86,328 @ 7.0% cap · market cap 10.80%

Second Best

Mixed Use

$1.16M

$1.01M – $1.35M (±1% cap)

NOI $81,101 @ 7.0% cap · market cap 10.15%

Theoretical Best

Office A

$2.03M

$1.78M – $2.37M (±1% cap)

NOI $142,316 @ 7.0% cap · market cap 17.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Dental Office Cafe & Coffee Shop Pharmacy Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

374

Businesses Nearby

Explore this area Business Placement

Demographics for 18452, PA

4,950

Population

2,502

Households

2

Avg Household Size

47

Median Age

25%

College-Educated

95%

High-School Grad

1.9 sq mi

ZIP Area

2,605

Density / Sq Mi

$58,526

Median Household Income

$32,234

Median Earnings

$960

Median Rent

$189,200

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The facility combines enclosed space, manual wash bays, storage units, office space, and paved parking.

Where is this mixed-use property located?

The property is located at 30 Sturges Road Peckville, PA.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: Mixed‑use facility built in 2001; Left section includes 4000+/- sq ft, an office, and 2 converted car wash tunnels; One converted tunnel area is already leased