Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    423 3rd Ave Kingston, PA 18704

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    10,067 SF medical office space for rent.

    Type:Office
    Property size:
    27,303 SF
    Added:
    Nov 21, 2025
    Days on Market:
    140
    Last Refresh:
    Dec 3 at 5:28 am

    Property Features for 423 3rd Ave

    General Information

    Standard status
    Active
    Size
    27,303 SF
    Property subtype
    Office

    Spaces For Lease

    at 423 3rd Ave Contact us

    We can help!

    Listing Contact
    Pete Alveal

    Listing agent Pete Alveal

    Listing office

    Listing date Nov 21, 2025

    Source Naiglobal

    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 Pete Alveal

    Overview

    Kingston Medical Office Space Available

    This property offers 10,067 square feet of medical office space available for rent on the second floor. The property has a total size of 27,303 square feet and includes 102 parking spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Kingston Veterinary Clinic — 351 Wyoming Ave, Kingston, PA 18704
    • Wilkes Barre Animal Hospital — 421 N Pennsylvania Ave, Wilkes-Barre, PA 18702, United States
    • West Side Veterinary Hospital — 401 3rd Ave, Kingston, PA 18704

    Location Insight

    • Map
    • Local Demand
    City
    Kingston
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.881203
    Latitude
    41.258467

    Nearby Similar for Lease

    • $10/mo

      Kingston Garage with Overhead Doors

      6,000 SF mechanical garage with multiple overhead doors.
      232 Division Street, Kingston, PA 18704
      View Details
    • $1.00/mo

      Kingston Commercial Rental Opportunity

      Multiple industrial opportunities available within one Kingston, PA site.
      232 Division Street, Kingston, PA 18704
      View Details
    • Contact for pricing

      Kingston Office Space For Rent

      Second floor 250 SF office space with private bath.
      311 Market Street, Kingston, PA 18704
      View Details
    • $7/mo

      Kingston Warehouse and Office Space

      31,500 SF warehouse with office space for lease.
      232 Division Street, Kingston, PA 18704
      View Details
    • $12/mo

      Kingston, PA Mixed-Use Complex

      Mixed-use complex with 1,354 SF available in Kingston, PA.
      311 Market Street, Kingston, PA 18704
      View Details
    • $7/mo

      Kingston Warehouse Space Available

      Warehouse space for distribution, storage, or light industrial use.
      232 Division Street, Kingston, PA 18704
      View Details
    • $9/mo

      Kingston Warehouse/Industrial Planned Development

      Planned warehouse and industrial buildings for lease in Kingston, PA.
      232 Division Street, Kingston, PA 18704
      View Details
    • $9/mo

      Kingston Warehouse/Industrial Space For Lease

      Planned 18,000 SF warehouse/industrial space for lease in Kingston.
      232 Division Street, Kingston, PA 18704
      View Details
    • $9/mo

      Planned Warehouse/Industrial Space Available

      Planned 18,000 SF quonset-style buildings for lease.
      232 Division Street, Kingston, PA 18704
      View Details
    • $12/mo

      Retail Unit in Koral Complex

      Retail space available in Kingston, PA with ample parking.
      311 Market Street, Kingston, PA 18704
      View Details
    • Contact for pricing

      Kingston Restaurant Space For Lease

      Restaurant space for lease with fully equipped commercial kitchen.
      613 S J. Strauss Lane, Kingston, PA 18704
      View Details
    • $10/mo

      Kingston Auto Shop For Rent

      5,000 SF auto shop space built in 2019.
      29 Carle Street - Auto Shop, Kingston, PA 18640
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 10,067 SF medical office space for rent.
    Where is this medical office space located?
    The property is located at 423 3rd Ave Kingston, PA.
    What are key features of this property?
    This property features: Medical office space available.; 10,067 SF on the 2nd floor.; 102 parking spaces.
    (317) 454-7171
    We can help!
    Listing Contact
    Pete Alveal
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!