Flex Industrial
For Sale
Contact for pricing
707 RIVER ST, Peckville, PA
Warehouse, office, loading, and storage areas support varied commercial operations under one roof.
Property Size12,000 SF
Price / SF$79.17
Days on Market91
Property Features for 707 RIVER ST
General Information
Standard status
Active
Size
12,000 SF
Class
C
Property subtype
Office, Industrial
Zoning
Commercial
Investment Type
Owner/User
Warehouse & Industrial
Warehouse Space
8,000 SF
Office Build-Out
4,000 SF
Cold Storage
Yes
Additional Details
Highway Access
Yes
Amenities
dock-height loading
walk-in cooler
additional storage areas
central air conditioning
Building Details
Year Built
1928
Buildings
1
Stories
2
Units
10
Building Size
12,000 SF
Listing Agency:
SER Commercial Real Estate
(570) 431-7400
Listed By:
Donald Hannig · License #PA RM424481
Source:
Crexi
Added: Jun 2
Changed: Aug 30
Last Checked: Aug 30 at 1:39AM
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 SER Commercial Real Estate
Investment Insights
Based on property information with market context.
This flex property at 707 River Street combines approximately 8,000 square feet of high-clearance warehouse area with 4,000 square feet of office suites. The facility includes dock-height loading, a walk-in cooler, and additional storage on the lower level and second floor. Office space has central air conditioning, while the overall layout accommodates a combination of industrial and administrative functions.
The property is located in Peckville, Pennsylvania, minutes from the Casey Highway and within reach of transportation routes serving Northeastern Pennsylvania. Built in 1928, the 12,000-square-foot facility offers a substantial commercial footprint for distribution, light manufacturing, warehousing, or an integrated office-industrial operation.
The property is located in Peckville, Pennsylvania, minutes from the Casey Highway and within reach of transportation routes serving Northeastern Pennsylvania. Built in 1928, the 12,000-square-foot facility offers a substantial commercial footprint for distribution, light manufacturing, warehousing, or an integrated office-industrial operation.
Key Highlights
- 12,000‑square‑foot flex facility built in 1928
- Approximately 8,000 square feet of high‑clearance warehouse space
- 4,000 square feet of office suites with central air conditioning
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
$85,022
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
8.95%
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%
$1,700,440
$1.7M
Cap Rate 7%
$1,214,600
$1.2M
Cap Rate 9%
$944,689
$944.7K
Market Conditions
NOI Build-Up for 12,000 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
$106.0K $8.83/SF
− Vacancy
−$5.9K −$0.49/SF
EGI
$100.0K $8.34/SF
− OpEx
−$15.0K −$1.25/SF
NOI
$85.0K $7.09/SF
Area
Lackawanna County, PA
Vacancy
5.60%
Lease Rate
$8.83 /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%
$1,700,440
Cap Rate 7%
$1,214,600
Cap Rate 9%
$944,689
Alternative Uses
Best Use
Office B
$2.20M
$1.93M – $2.57M
NOI $154,208 @ 7.0% cap · market cap 16.23%
Second Best
Warehouse
$1.21M
$1.06M – $1.42M
NOI $85,022 @ 7.0% cap · market cap 8.95%
Theoretical Best
Office A
$3.05M
$2.67M – $3.55M
NOI $213,208 @ 7.0% cap · market cap 22.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse, office, loading, and storage areas support varied commercial operations under one roof.
Where is this flex space located?
The property is located at 707 RIVER ST Peckville, 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: 12,000‑square‑foot flex facility built in 1928; Approximately 8,000 square feet of high‑clearance warehouse space; 4,000 square feet of office suites with central air conditioning
