Storefront Property with High
For Sale
$800,000
555 Scott Street Wilkes-Barre, Wilkes Barre, PA 18702
Former specialty retail building with ample parking and documented daily vehicle activity.
Property Size8,540 SF
Days on Market379
Property Features for 555 Scott Street Wilkes-Barre
General Information
Standard status
Active
Size
8,540 SF
Property subtype
Mixed Use
Additional Details
Traffic Count
15,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$24,079
Building Details
Building Size
8,540 SF
Listing Agency:
Lawrence Real Estate L.L.C..
Listed By:
Lawrence Lebenson
(570) 825-5263
Source:
Luxehomesnepa
Added: Aug 21, 2025
Changed: Sep 1
Last Checked: Sep 2 at 9:13PM
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 Lawrence Real Estate L.L.C..
Investment Insights
Based on property information with market context.
This storefront property at 555 Scott Street was formerly occupied by Pet Supplies Plus. The building is offered for sale and includes ample parking for visitors and customers.
The property is positioned in a high-traffic setting with reported vehicle volume of 15,000 cpd. Its Wilkes-Barre address places the asset within the stated local market, while the existing storefront format provides a clear retail-oriented configuration.
The property is positioned in a high-traffic setting with reported vehicle volume of 15,000 cpd. Its Wilkes-Barre address places the asset within the stated local market, while the existing storefront format provides a clear retail-oriented configuration.
Key Highlights
- Reported traffic volume of 15,000 cpd
- Former Pet Supplies Plus building
- Ample parking
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
$71,019
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
8.88%
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%
$1,420,380
$1.4M
Cap Rate 7%
$1,014,557
$1.0M
Cap Rate 9%
$789,100
$789.1K
Market Conditions
NOI Build-Up for 8,540 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
$112.7K $13.20/SF
− Vacancy
−$11.3K −$1.32/SF
EGI
$101.5K $11.88/SF
− OpEx
−$30.4K −$3.56/SF
NOI
$71.0K $8.32/SF
Area
Luzerne County, PA
Vacancy
10.00%
Lease Rate
$13.20 /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%
$1,420,380
Cap Rate 7%
$1,014,557
Cap Rate 9%
$789,100
Alternative Uses
Best Use
Retail
$1.01M
$887.7K – $1.18M
NOI $71,019 @ 7.0% cap · market cap 8.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,383 @ 7.0% cap · market cap 23.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
346k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 33%
Apparel 15%
Superstores 4%
JCPenney
Apparel
52,346 visits/mo
0.5 miles
McDonald's
Dining
30,350 visits/mo
0.4 miles
Gabe's
Shops & Services
28,668 visits/mo
0.2 miles
Dollar Tree
Shops & Services
19,157 visits/mo
0.2 miles
Ollie's Bargain Outlet
Shops & Services
17,796 visits/mo
0.2 miles
Demographics for 18702, PA
42,133
Population
19,738
Households
2.1
Avg Household Size
40
Median Age
23%
College-Educated
87%
High-School Grad
78.1 sq mi
ZIP Area
539
Density / Sq Mi
$54,892
Median Household Income
$36,911
Median Earnings
$971
Median Rent
$115,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Central Market Florist — 245 Wilkes Barre Township Blvd, Wilkes-Barre Township, PA 18702
- Flower Tent — 251 mundy st, wilkes-barre township, pa 18702
- Mc Carthy Flowers — 308 Kidder St, Wilkes-Barre, PA 18702
Frequently Asked Questions
What type of property is this?
Storefront property - Former specialty retail building with ample parking and documented daily vehicle activity.
Where is this storefront property located?
The property is located at 555 Scott Street Wilkes-Barre Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Reported traffic volume of 15,000 cpd; Former Pet Supplies Plus building; Ample parking
