Scranton Flex/Industrial Space
For Sale
Contact for pricing
40 Poplar St, Scranton, PA
26,578 SF flex/industrial space for lease in Scranton, PA.
Property Size26,578 SF
Lot Size9.00 Acres
Price / SF$159.91
Days on Market289
Property Features for 40 Poplar St
General Information
Standard status
Active
Size
26,578 SF
Lot size
9.00 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Hinerfeld Commercial Real Estate
(570) 207-4100
Listed By:
Colin “Liam” Keefer · License #RS356156
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 12
Last Checked: Sep 8 at 10:19AM
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 Hinerfeld Commercial Real Estate
Investment Insights
Based on property information with market context.
This property offers 26,578 square feet of flex and industrial space. Located in Scranton, Pennsylvania, the property is suitable for a variety of business operations.
Key Highlights
- 26,578 SF flex/industrial space available
- Located in Scranton, PA
- Space is for lease
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
$155,079
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
3.65%
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%
$3,101,580
$3.1M
Cap Rate 7%
$2,215,414
$2.2M
Cap Rate 9%
$1,723,100
$1.7M
Market Conditions
NOI Build-Up for 26,578 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
$234.7K $8.83/SF
− Vacancy
−$13.1K −$0.49/SF
EGI
$221.5K $8.34/SF
− OpEx
−$66.5K −$2.50/SF
NOI
$155.1K $5.83/SF
Area
Lackawanna County, PA
Vacancy
5.60%
Lease Rate
$8.83 /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%
$3,101,580
Cap Rate 7%
$2,215,414
Cap Rate 9%
$1,723,100
Alternative Uses
Best Use
Industrial
$2.22M
$1.94M – $2.58M
NOI $155,079 @ 7.0% cap · market cap 3.65%
Second Best
Flex RnD
$2.04M
$1.79M – $2.38M
NOI $142,860 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$6.75M
$5.90M – $7.87M
NOI $472,219 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,343
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Concini Robert J — 225 Penn Ave, Scranton, PA 18503
- Alter H Catering Scranton — 400 Wyoming Ave, Scranton, PA 18503
- Lackawanna College Dining Services — 409 Adams Ave, Scranton, PA 18510
Frequently Asked Questions
What type of property is this?
Flex space - 26,578 SF flex/industrial space for lease in Scranton, PA.
Where is this flex space located?
The property is located at 40 Poplar St Scranton, PA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 26,578 SF flex/industrial space available; Located in Scranton, PA; Space is for lease
