Mixed-Use Property with
For Sale
$379,000
559 Penn Ave, Mayfield, PA 18433
Commercial building includes two apartments, paved parking, and fenced outdoor storage.
Property Size3,800 SF
Price / SF$99.74
Days on Market15
Property Features for 559 Penn Ave
General Information
Standard status
Active
Size
3,800 SF
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,488
Amenities
paint booth
coal stove heat
customer entrance with reception/office area
rear office with half bathroom
tile flooring
vinyl flooring
spacious bathroom with soaker tub
laundry in bathroom
full bathroom with laundry
separate electric service
Building Details
Buildings
1
Listing Agency:
Ruddy Realty
(570) 280-0001
Listed By:
Mary Ruddy
(570) 280-0001
Source:
Exprealty
Added: Jul 29
Changed: Aug 11
Last Checked: Aug 11 at 5:02AM
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 Ruddy Realty
Investment Insights
Based on property information with market context.
This 3,800-square-foot mixed-use property combines a commercial garage with two residential apartments above. The business area includes a paint booth, coal stove heat, customer reception and office space, plus a rear office with a half bathroom. The layout can support an auto body operation, mechanical work, detailing, restoration, contracting, storage, or other commercial activities identified in the property information.
A paved parking area and fenced yard provide room for vehicle storage, equipment, inventory, and outdoor work. Vehicles can access the property from both the street and parking lot. The two apartments are fully rented: one has 1 bedroom, tile flooring, a soaker tub, bathroom laundry, and electric heat; the other has 2 bedrooms, vinyl flooring, a full bathroom with laundry, and electric heat. Each unit has separate electric service, while water service is shared. The property is commercially zoned and located at 559 Penn Ave in Mayfield, PA.
A paved parking area and fenced yard provide room for vehicle storage, equipment, inventory, and outdoor work. Vehicles can access the property from both the street and parking lot. The two apartments are fully rented: one has 1 bedroom, tile flooring, a soaker tub, bathroom laundry, and electric heat; the other has 2 bedrooms, vinyl flooring, a full bathroom with laundry, and electric heat. Each unit has separate electric service, while water service is shared. The property is commercially zoned and located at 559 Penn Ave in Mayfield, PA.
Key Highlights
- 3,800‑square‑foot commercially zoned mixed‑use property
- Commercial garage with paint booth, reception area, offices, and rear half bathroom
- Two fully rented apartments: one 1‑bedroom unit and one 2‑bedroom unit
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
$31,337
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
8.27%
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%
$626,740
$626.7K
Cap Rate 7%
$447,671
$447.7K
Cap Rate 9%
$348,189
$348.2K
Market Conditions
NOI Build-Up for 3,800 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
$47.9K $12.60/SF
− Vacancy
−$3.1K −$0.82/SF
EGI
$44.8K $11.78/SF
− OpEx
−$13.4K −$3.53/SF
NOI
$31.3K $8.25/SF
Area
Lackawanna County, PA
Vacancy
6.50%
Lease Rate
$12.60 /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%
$626,740
Cap Rate 7%
$447,671
Cap Rate 9%
$348,189
Alternative Uses
Best Use
Mixed Use
$549.6K
$480.9K – $641.3K
NOI $38,475 @ 7.0% cap · market cap 10.15%
Second Best
Retail
$510.2K
$446.4K – $595.2K
NOI $35,711 @ 7.0% cap · market cap 9.42%
Theoretical Best
Office A
$964.5K
$844.0K – $1.13M
NOI $67,516 @ 7.0% cap · market cap 17.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Explore this area
Business Placement
Demographics for 18433, PA
6,416
Population
3,390
Households
1.9
Avg Household Size
45
Median Age
31%
College-Educated
96%
High-School Grad
28.8 sq mi
ZIP Area
223
Density / Sq Mi
$76,847
Median Household Income
$57,924
Median Earnings
$929
Median Rent
$201,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial building includes two apartments, paved parking, and fenced outdoor storage.
Where is this mixed-use property located?
The property is located at 559 Penn Ave Mayfield, PA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 3,800‑square‑foot commercially zoned mixed‑use property; Commercial garage with paint booth, reception area, offices, and rear half bathroom; Two fully rented apartments: one 1‑bedroom unit and one 2‑bedroom unit
