Mixed-Use Building with
New
For Sale
$1,599,000
675 Wyoming Ave, Kingston, PA 18704
Two-level property combines medical office space with occupied apartments and dedicated storage.
Property Size5,264 SF
Price / SF$303.76
Days on Market2
Property Features for 675 Wyoming Ave
General Information
Standard status
Active
Size
5,264 SF
Total Parking Spaces
15
Additional Details
Floor
First Floor
Amenities
reception area
private offices
exam rooms
rest rooms
basement storage
Building Details
Year Built
1950
Stories
2
Tenancy
Multi
Listing Agency:
Abstract Realty Group LLC
Listed By:
Donald Ide
(570) 585-5800
Source:
Revolvepa
Added: Sep 1
Last Checked: Sep 1 at 10:30PM
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 Abstract Realty Group LLC
Investment Insights
Based on property information with market context.
Located at 675 Wyoming Ave in Kingston, this 5,264-square-foot mixed-use building was constructed in 1950. The first floor is configured for medical office use with a reception area, private offices, exam rooms, restrooms, and off-street parking for 15 vehicles.
The second floor contains four fully rented apartments with long-term tenants. The unit mix includes two 2-bedroom, 1-bath apartments and two 1-bedroom, 1-bath apartments. A large basement provides storage for the office, while each apartment includes its own separate storage area.
The second floor contains four fully rented apartments with long-term tenants. The unit mix includes two 2-bedroom, 1-bath apartments and two 1-bedroom, 1-bath apartments. A large basement provides storage for the office, while each apartment includes its own separate storage area.
Key Highlights
- 5,264‑square‑foot mixed‑use building at 675 Wyoming Ave, Kingston, PA 18704
- First‑floor medical office layout with reception, private offices, exam rooms, and restrooms
- Four fully rented second‑floor apartments with long‑term tenants
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
$92,866
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
5.81%
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%
$1,857,320
$1.9M
Cap Rate 7%
$1,326,657
$1.3M
Cap Rate 9%
$1,031,844
$1.0M
Market Conditions
NOI Build-Up for 5,264 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
$152.9K $29.04/SF
− Vacancy
−$29.0K −$5.52/SF
EGI
$123.8K $23.52/SF
− OpEx
−$31.0K −$5.88/SF
NOI
$92.9K $17.64/SF
Area
Luzerne County, PA
Vacancy
19.00%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,857,320
Cap Rate 7%
$1,326,657
Cap Rate 9%
$1,031,844
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $92,866 @ 7.0% cap · market cap 5.81%
Second Best
Healthcare Medical
$891.8K
$780.3K – $1.04M
NOI $62,423 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,734 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
Explore this area
Business Placement
Demographics for 18704, PA
31,138
Population
14,531
Households
2.1
Avg Household Size
43
Median Age
29%
College-Educated
95%
High-School Grad
10.1 sq mi
ZIP Area
3,083
Density / Sq Mi
$62,907
Median Household Income
$39,349
Median Earnings
$935
Median Rent
$154,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property combines medical office space with occupied apartments and dedicated storage.
Where is this mixed-use property located?
The property is located at 675 Wyoming Ave Kingston, PA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 5,264‑square‑foot mixed‑use building at 675 Wyoming Ave, Kingston, PA 18704; First‑floor medical office layout with reception, private offices, exam rooms, and restrooms; Four fully rented second‑floor apartments with long‑term tenants
