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    Renovated Commercial Space with Parking Title is generated by Realmo AI

    319 George Street, Throop, PA 18512

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    Claim this Listing
    For Lease
    $1,000/Mo $10 SF/Yr (calc)

    COMMERCIAL - Throop, PA

    Property size:
    1,199 SF
    Lot size:
    0.38 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    50
    Last Refresh:
    May 15 at 4:06 pm

    Property Features for 319 George Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    C1
    Standard status
    Active
    APN
    12517010006
    Size
    1,199 SF
    Lot size
    0.38 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6122

    Building Details

    Year built
    1920
    Floors in Building
    1
    Number of units
    9

    We can help!

    Listing Contact
    Steve M. Rignanesi

    Listing agent Steve M. Rignanesi License #RS343708

    Listing office Iron Valley Real Estate Greater Scranton 201 E. Drinker Street, Dunmore, PA

    Listing date Mar 27, 2026

    MLS# SC261235

    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.

    HighLights

    • Private rear parking lot with space for 10 vehicles
    • Newly renovated, turnkey commercial space ready for immediate occupancy
    • 840 sq ft main level with expansive front windows and natural light
    • 373 sq ft basement storage with potential for build‑out
    • ADA‑compliant entrance and restroom
    • High‑efficiency heat pump and 200‑amp electrical service

    Overview

    This newly renovated commercial space offers a premier opportunity for a modern storefront, professional office, or boutique shop. The unit provides 1,199 square feet of space. The main level offers 840 square feet of versatile floor space, with natural light from expansive front windows. A 373-square-foot basement storage room offers potential to be built out into additional finished workspace or a private office. Designed with accessibility in mind, the unit features an ADA-compliant entrance and restroom. The property is equipped with a high-efficiency, recently installed heat pump system, and a robust 200-amp electrical service. The tenant is responsible for electric costs, which includes heating. Business visibility is maximized through available hanging signage. The property features a private rear parking lot with space for 10 vehicles. This unit is ready for immediate occupancy. The landlord is open to discussing a custom build-out to suit specific operational needs and prefers a 24-month lease term, though longer durations are negotiable. The property is located in Throop, PA, in Lackawanna County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Similar Places Nearby

    • Central Market Florist — 1228 harry p o'neill hwy, dunmore, pa 18512
    • Floriat — 303 Oleckna St, Throop, PA 18512, United States

    Map

    City
    Throop
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.5976
    Latitude
    41.4243

    FAQs

    What type of property is this?
    Storefront property - Modern, renovated commercial space with parking in Throop, PA.
    Where is this storefront property located?
    The property is located at 319 George Street Throop, PA.
    What is the lease rate?
    The lease rate is $1,000 /Mo.
    What are key features of this property?
    This property features: Private rear parking lot with space for 10 vehicles; **Newly renovated, turnkey commercial space ready for immediate occupancy**; 840 sq ft main level with expansive front windows and natural light
    (570) 362-3190
    We can help!
    Listing Contact
    Steve M. Rignanesi
    Real Estate License ID: RS343708
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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