Fully Occupied Mixed-Use
For Sale
$799,999
60-62 N Wyoming St, Hazleton, PA 18201
Commercial and residential components are combined with an occupied warehouse in one property.
Property Size6,300 SF
Price / SF$126.98
Days on Market35
Property Features for 60-62 N Wyoming St
General Information
Standard status
Active
Size
6,300 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Warehouse Space
1,800 SF
Multifamily Units
4
Building Details
Buildings
1
Listing Agency:
Lewith & Freeman, Drums
(570) 401-2201
Listed By:
Carrole Kite
Source:
Nepahousehunt
Added: Jul 28
Changed: Aug 29
Last Checked: Aug 30 at 6:17PM
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 Lewith & Freeman, Drums
Investment Insights
Based on property information with market context.
This mixed-use property contains 2 commercial units, 4 residential apartments, and an occupied 1,800-square-foot warehouse within a 6,300-square-foot property. The warehouse is currently used as a car salon, creating a distinct commercial component alongside the residential units.
The building is fully occupied, and occupancy permits are in place. The rear roof has been replaced. Located at 60-62 N Wyoming St in Hazleton, Pennsylvania, the property combines commercial space, apartments, and warehouse use under one address.
The building is fully occupied, and occupancy permits are in place. The rear roof has been replaced. Located at 60-62 N Wyoming St in Hazleton, Pennsylvania, the property combines commercial space, apartments, and warehouse use under one address.
Key Highlights
- 2 commercial units and 4 residential apartments
- Occupied 1,800‑square‑foot warehouse used as a car salon
- 6,300‑square‑foot mixed‑use property
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
$62,370
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
7.80%
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%
$1,247,400
$1.2M
Cap Rate 7%
$891,000
$891.0K
Cap Rate 9%
$693,000
$693.0K
Market Conditions
NOI Build-Up for 6,300 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
$113.4K $18.00/SF
− Vacancy
−$13.6K −$2.16/SF
EGI
$99.8K $15.84/SF
− OpEx
−$37.4K −$5.94/SF
NOI
$62.4K $9.90/SF
Area
Luzerne County, PA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,247,400
Cap Rate 7%
$891,000
Cap Rate 9%
$693,000
Alternative Uses
Best Use
Mixed Use
$891.0K
$779.6K – $1.04M
NOI $62,370 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$673.6K
$589.4K – $785.9K
NOI $47,154 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,709 @ 7.0% cap · market cap 17.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,442
Businesses Nearby
Explore this area
Business Placement
Demographics for 18201, PA
31,310
Population
13,318
Households
2.4
Avg Household Size
37
Median Age
11%
College-Educated
76%
High-School Grad
17.5 sq mi
ZIP Area
1,789
Density / Sq Mi
$43,983
Median Household Income
$30,463
Median Earnings
$1,019
Median Rent
$131,900
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential components are combined with an occupied warehouse in one property.
Where is this mixed-use property located?
The property is located at 60-62 N Wyoming St Hazleton, PA.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: 2 commercial units and 4 residential apartments; Occupied 1,800‑square‑foot warehouse used as a car salon; 6,300‑square‑foot mixed‑use property
