Flex Space with
New
For Sale
$290,000
573 E Main Street, Plymouth, PA 18651
Adaptable commercial space offers a practical layout for workshop, storage, or business operations.
Property Size2,625 SF
Price / SF$110.48
Days on Market4
Property Features for 573 E Main Street
General Information
Standard status
Active
Size
2,625 SF
Property subtype
Business
Taxes and HOA fees
Annual Taxes
$1,661
Building Details
Building Size
2,625 SF
Listing Agency:
RPA Real Estate
Listed By:
Michael Ascolillo
(570) 606-7296
Source:
Luxehomesnepa
Added: Sep 4
Changed: Sep 6
Last Checked: Sep 7 at 6:12AM
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 RPA Real Estate
Investment Insights
Based on property information with market context.
This flex property provides approximately 2,625 square feet within a commercial garage configuration. The interior layout can support workshop activity, storage, or business headquarters use, with off-street parking included. Its adaptable format allows the space to serve a range of commercial functions without relying on a specialized buildout.
The property is located at 573 E Main Street in Plymouth, PA 18651, with access to surrounding cities. The combination of garage space, parking, and flexible interior utility provides a straightforward setting for an owner-user or commercial operation.
The property is located at 573 E Main Street in Plymouth, PA 18651, with access to surrounding cities. The combination of garage space, parking, and flexible interior utility provides a straightforward setting for an owner-user or commercial operation.
Key Highlights
- Approximately 2,625 square feet of commercial space
- Commercial garage configuration with adaptable interior layout
- Off‑street parking included
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
$18,704
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
6.45%
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%
$374,080
$374.1K
Cap Rate 7%
$267,200
$267.2K
Cap Rate 9%
$207,822
$207.8K
Market Conditions
NOI Build-Up for 2,625 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
$23.3K $8.88/SF
− Vacancy
−$1.3K −$0.50/SF
EGI
$22.0K $8.38/SF
− OpEx
−$3.3K −$1.26/SF
NOI
$18.7K $7.13/SF
Area
Luzerne County, PA
Vacancy
5.60%
Lease Rate
$8.88 /SF/Yr
Expense Ratio
15.00%
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%
$374,080
Cap Rate 7%
$267,200
Cap Rate 9%
$207,822
Alternative Uses
Best Use
Warehouse
$267.2K
$233.8K – $311.7K
NOI $18,704 @ 7.0% cap · market cap 6.45%
Second Best
Industrial
$207.0K
$181.1K – $241.5K
NOI $14,487 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$831.6K
$727.7K – $970.2K
NOI $58,212 @ 7.0% cap · market cap 20.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18651, PA
8,723
Population
4,586
Households
1.9
Avg Household Size
41
Median Age
11%
College-Educated
84%
High-School Grad
12.0 sq mi
ZIP Area
727
Density / Sq Mi
$43,639
Median Household Income
$34,673
Median Earnings
$930
Median Rent
$90,400
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Jomeisushi — 63 E Main St #2, Plymouth, PA 18651
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial space offers a practical layout for workshop, storage, or business operations.
Where is this flex space located?
The property is located at 573 E Main Street Plymouth, PA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Approximately 2,625 square feet of commercial space; Commercial garage configuration with adaptable interior layout; Off‑street parking included
