Listing Agency: RE/MAX WAYNE b***@billoneill.net Show Phone

Listed By: Bill O'Neill · License #RS191762L Show Phone

Source: Exprealty

Added: Jul 21 Changed: Aug 9 Last Checked: Aug 9 at 9:31AM

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Investment Insights

Based on property information with market context.

This flex property combines a 5,000-square-foot building footprint with clear-span work areas, a 500-square-foot second-floor office buildout, and a 30-by-20-foot two-level office suite. The office area includes reception space with a service counter, private office space, and two bathrooms. Building features include 16-foot ceilings, an 8-inch reinforced concrete floor, natural-gas in-floor radiant heat, and a durable metal-and-stone exterior. Two 12-by-12-foot overhead doors and one 14-by-14-foot overhead door support vehicle, equipment, inventory, manufacturing, warehouse, and contractor functions.

Key Highlights

• 5,000‑square‑foot building footprint with an additional 500‑square‑foot second‑floor office buildout
• 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

$70,009

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

7.37%

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%

$1,400,180 $1.4M

Cap Rate 7%

$1,000,129 $1.0M

Cap Rate 9%

$777,878 $777.9K

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

$105.0K $21.00/SF

− Vacancy

−$11.7K −$2.33/SF

EGI

$93.3K $18.67/SF

− OpEx

−$23.3K −$4.67/SF

NOI

$70.0K $14.00/SF

Area

Wayne County, PA

Vacancy

11.10%

Lease Rate

$21.00 /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%

$1,400,180

Cap Rate 7%

$1,000,129

Cap Rate 9%

$777,878

Alternative Uses

Best Use

Office B

$1.00M

$875.1K – $1.17M (±1% cap)

NOI $70,009 @ 7.0% cap · market cap 7.37%

Second Best

Warehouse

$500.7K

$438.1K – $584.1K (±1% cap)

NOI $35,046 @ 7.0% cap · market cap 3.69%

Theoretical Best

Office A

$1.22M

$1.07M – $1.42M (±1% cap)

NOI $85,344 @ 7.0% cap · market cap 8.98%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Paul's Auto Repair Auto Repair Shop

Suggested Use

Top Pick Dental Office Real Estate Agency Grocery & Convenience Store Storage Facility Bakery Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6

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

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties ... What are key features of this property?

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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 - Maintained flex property with clear-span workspace, office accommodation, truck access, and multiple commercial-grade doors.

Where is this flex space located?

The property is located at 7 Canaan Rd Waymart, PA.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: 5,000‑square‑foot building footprint with an additional 500‑square‑foot second‑floor office buildout; 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