Building Details

Building Size 86,398 SF

Year Built 1985

Buildings 1

Listing Agency: Marcus & Millichap - Philadelphia

Listed By: Brian Higgins · License #License(s): PA: RS335804 Show Phone

Source: Marcusmillichap

Added: Oct 19 Last Checked: Oct 19 at 2:41PM

Report an Issue

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 Marcus & Millichap - Philadelphia

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

At 86,398 square feet, this Class A industrial building provides a large-format warehouse footprint. Constructed in 1985, it is located at 5 W Olive St in Scranton, Pennsylvania.

The property sits within Northeast Pennsylvania’s distribution corridor, connected to the broader I-81 network.

Key Highlights

• 86,398 SF industrial building
• Class A warehouse property
• Built in 1985

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$612,146

Cap Rate

6.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$12,242,920 $12.2M

Cap Rate 7%

$8,744,943 $8.7M

Cap Rate 9%

$6,801,622 $6.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 86,398 SF

Gross rent

$762.9K $8.83/SF

− Vacancy

−$42.7K −$0.49/SF

EGI

$720.2K $8.34/SF

− OpEx

−$108.0K −$1.25/SF

NOI

$612.1K $7.09/SF

Area

Lackawanna County, PA

Vacancy

5.60%

Lease Rate

$8.83 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$12,242,920

Cap Rate 7%

$8,744,943

Cap Rate 9%

$6,801,622

Alternative Uses

Best Use

Warehouse

$8.74M

$7.65M – $10.20M (±1% cap)

NOI $612,146 @ 7.0% cap · market cap 6.80%

Second Best

Industrial

$7.20M

$6.30M – $8.40M (±1% cap)

NOI $504,121 @ 7.0% cap · market cap 5.60%

Theoretical Best

Office A

$21.93M

$19.19M – $25.58M (±1% cap)

NOI $1,535,059 @ 7.0% cap · market cap 17.06%

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

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Riverfront Sports Gym & Fitness Center Top Tier Events General Contractor

Suggested Use

Top Pick Real Estate Agency Building Supply HVAC Service Garden Center Big Box & Wholesale Store Storage Facility

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

3,003

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 18508, PA

11,664

Population

5,466

Households

2.1

Avg Household Size

40

Median Age

18%

College-Educated

90%

High-School Grad

6.8 sq mi

ZIP Area

1,715

Density / Sq Mi

$44,706

Median Household Income

$31,055

Median Earnings

$1,034

Median Rent

$120,700

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

Similar For Sale Nearby

See more

Versatile Commercial Property in Petersberg

1017 Prescott Ave, Scranton, PA 18510

$549,000

7,050 SF

View details

Two-Story Mixed-Use Building

515 Wyoming Ave, Scranton, PA 18509

$399,900

7,000 SF

View details

Mixed-Use Building with Warehouse

1415 Capouse Avenue, Scranton, PA 18509

$114,900

6,000 SF

View details

Dividable Warehouse Unit

44 Depot Unit: REAR, Scranton, PA 18509

$49,999

1,200 SF

View details

36-Unit Apartment Building

925 Prospect Avenue, Scranton, PA 18505

$3,650,000

42,050 SF

View details

Grocery-Anchored Shopping Center

1790 North Keyser Avenue, Scranton, PA 18508

Contact for pricing

170,000 SF

View details

8-Unit Apartment Building

1411-1413 N Washington Ave, Scranton, PA 18509

$975,000

9,200 SF

View details

10-Unit Apartment Building

1513-15 Mulberry Street, Scranton, PA 18510

$989,000

7,500 SF

View details

12-Unit Multifamily Portfolio

630 Quincy Ave, Scranton, PA 18510

$1,550,000

4,791 SF

View details

Renovated Mixed-Use Property with Garage

604 Cedar Ave, Scranton, PA 18505

$800,000

6,872 SF

View details

8-Unit Apartment Building

1607 Sanderson Avenue, Scranton, PA 18509

$630,000

7,348 SF

View details

Six-Unit Mixed-Use Property

525 527 Cedar Avenue, Scranton, PA 18505

$799,900

5,685 SF

View details

Similar Off Market Nearby

• Self-Storage at U-Haul — 375 N 7th Ave, Scranton, PA 18503
• Scranton Moving — 1022 Capouse Ave, Scranton, PA 18509
• Central Scranton Self Storage, LLC. — 1210 N Washington Ave, Scranton, PA 18509
• Storage Sense - Scranton — 1350 Von Storch Ave, Scranton, PA 18509

Frequently Asked Questions

What type of property is this?

Warehouse - The 1985-built facility offers substantial industrial space in Scranton.

Where is this warehouse located?

The property is located at 5 W Olive St Scranton, PA.

What is the asking price?

The asking price for this property is $9,000,000.

What are key features of this property?

This property features: 86,398 SF industrial building; Class A warehouse property; Built in 1985