Flex Building with Overhead
For Sale
$799,000
7 Canaan Road, Waymart, PA 18472
Commercial Sale, Waymart, PA
Property Size5,000 SF
Lot Size0.89 Acres
Price / SF$159.80
Days on Market55
Property Features for 7 Canaan Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Security features
Security System
Lot features
Level, Not In Development, Native Plants
Elementary school district
Western Wayne
Middle school district
Western Wayne
High school district
Western Wayne
Directions
From Waymart 4-corners turn onto Belmont St. Right onto Carbondale Rd. Left onto Canaan Rd. Property 175 ft on left.
Standard status
Active
APN
04-0-0003-0002.0004
Size
5,000 SF
Lot size
0.89 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5302
Utilities
Sewer type
Public Sewer
Heating system
Radiant Floor, Natural Gas, Hot Water(Heating), Radiant
Water source
Well
Building Details
Year built
2009
Floors in Building
1
Number of units
1
Flooring type
Tile, Concrete
Building materials
Metal Siding, Stone
Roof type
Metal
Listing Agency:
Re/Max Wayne · RE/MAX International
(570) 253-9566
Listed By:
William P O'Neill · License #RS191762L
(570) 575-8897
Added: Jul 20
Changed: Sep 11
Last Checked: Sep 12 at 3:06PM
MLS# SC264545
Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,000-square-foot flex building, constructed in 2009, offers a clear-span interior with 16-foot ceilings, an 8-inch reinforced concrete floor, and natural gas in-floor radiant heat. The building includes two 12' x 12' overhead doors and one 14' x 14' overhead door, supporting vehicle, equipment, inventory, warehouse, manufacturing, and contractor operations. A two-level office area measures 30' x 20' and includes reception space with a service counter, private office areas, and two bathrooms.
The property occupies a level 0.89-acre macadam and concrete lot with ample parking and truck-friendly delivery access. Public sewer, a private well, Blue Ridge Cable service, and a security system serve the property. Located in Canaan Township, the site is approximately one mile from US Route 6 and is currently not subject to zoning.
The property occupies a level 0.89-acre macadam and concrete lot with ample parking and truck-friendly delivery access. Public sewer, a private well, Blue Ridge Cable service, and a security system serve the property. Located in Canaan Township, the site is approximately one mile from US Route 6 and is currently not subject to zoning.
Key Highlights
- 5,000‑square‑foot flex building constructed in 2009
- Clear‑span interior with 16‑foot ceilings and an 8‑inch reinforced concrete floor
- Two 12' x 12' overhead doors plus one 14' x 14' overhead door
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
$35,046
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
4.39%
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%
$700,920
$700.9K
Cap Rate 7%
$500,657
$500.7K
Cap Rate 9%
$389,400
$389.4K
Market Conditions
NOI Build-Up for 5,000 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
$44.1K $8.81/SF
− Vacancy
−$2.8K −$0.56/SF
EGI
$41.2K $8.25/SF
− OpEx
−$6.2K −$1.24/SF
NOI
$35.0K $7.01/SF
Area
Wayne County, PA
Vacancy
6.40%
Lease Rate
$8.81 /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%
$700,920
Cap Rate 7%
$500,657
Cap Rate 9%
$389,400
Alternative Uses
Best Use
Warehouse
$500.7K
$438.1K – $584.1K
NOI $35,046 @ 7.0% cap · market cap 4.39%
Second Best
Industrial
$412.3K
$360.8K – $481.0K
NOI $28,862 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,344 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
16 ft
Clear height
3
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18472, PA
7,071
Population
2,002
Households
3.5
Avg Household Size
42
Median Age
12%
College-Educated
86%
High-School Grad
62.1 sq mi
ZIP Area
114
Density / Sq Mi
$60,043
Median Household Income
$31,942
Median Earnings
$979
Median Rent
$233,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Similar Off Market Nearby
- The Mustard Seed Cafe — 233 Belmont St, Waymart, PA 18472
Frequently Asked Questions
What type of property is this?
Flex space - Clear-span commercial space combines office accommodations, truck access, durable construction, and radiant floor heating.
Where is this flex space located?
The property is located at 7 Canaan Road Waymart, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5,000‑square‑foot flex building constructed in 2009; Clear‑span interior with 16‑foot ceilings and an 8‑inch reinforced concrete floor; Two 12' x 12' overhead doors plus one 14' x 14' overhead door
