Industrial Flex Space with Dock
For Sale
$950,000
707 River Street, Peckville, PA 18452
Commercial Sale, Peckville, PA
Property Size12,000 SF
Lot Size0.38 Acres
Price / SF$82.39
Days on Market95
Property Features for 707 River Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Basement
Full
Subdivision
Blakely Borough
Standard status
Active
APN
10417010074
Size
11,530 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
200X65x200x83 Bldg & Land W-01 B-0190 L-0300 P-00000
Tax Annual Amount
2942
Legal Description
200X65x200x83 Bldg & Land W-01 B-0190 L-0300 P-00000
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Amenities
dock-height loading
walk-in cooler
central air conditioning
Building Details
Year built
1928
Floors in Building
2
Listing Agency:
SER Commercial Real Estate, LLC
(570) 431-7400
Listed By:
Christina Marie Heyne · License #RB069216
(570) 350-5045
Added: Jun 2
Changed: Aug 21
Last Checked: Sep 4 at 11:06AM
MLS# PM-141803
Copyright © 2026 Pocono Mountains Association of Realtors. 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 11,530-square-foot flex property combines approximately 8,000 square feet of warehouse space with 4,000 square feet of office suites. The industrial area includes high-clearance space, dock-height loading, a walk-in cooler, and additional storage on the lower level and second floor. Office areas feature central air conditioning, while the property is heated by natural gas and served by public sewer.
Built in 1928, the facility occupies 0.38 acres at 707 River Street in Peckville, Pennsylvania. Its location is minutes from the Casey Highway, providing access to regional transportation routes throughout Northeastern Pennsylvania. The configuration supports distribution, light manufacturing, warehousing, and combined office-industrial operations.
Built in 1928, the facility occupies 0.38 acres at 707 River Street in Peckville, Pennsylvania. Its location is minutes from the Casey Highway, providing access to regional transportation routes throughout Northeastern Pennsylvania. The configuration supports distribution, light manufacturing, warehousing, and combined office-industrial operations.
Key Highlights
- 11,530‑square‑foot flex property on 0.38 acres
- Approximately 8,000 square feet of warehouse space and 4,000 square feet of office suites
- High‑clearance warehouse with dock‑height loading and a walk‑in cooler
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
$81,692
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
8.60%
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%
$1,633,840
$1.6M
Cap Rate 7%
$1,167,029
$1.2M
Cap Rate 9%
$907,689
$907.7K
Market Conditions
NOI Build-Up for 11,530 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
$101.8K $8.83/SF
− Vacancy
−$5.7K −$0.49/SF
EGI
$96.1K $8.34/SF
− OpEx
−$14.4K −$1.25/SF
NOI
$81.7K $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%
$1,633,840
Cap Rate 7%
$1,167,029
Cap Rate 9%
$907,689
Alternative Uses
Best Use
Office B
$2.12M
$1.85M – $2.47M
NOI $148,168 @ 7.0% cap · market cap 15.60%
Second Best
Warehouse
$1.17M
$1.02M – $1.36M
NOI $81,692 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$2.93M
$2.56M – $3.41M
NOI $204,857 @ 7.0% cap · market cap 21.56%
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
435
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 18452, PA
4,950
Population
2,502
Households
2
Avg Household Size
47
Median Age
25%
College-Educated
95%
High-School Grad
1.9 sq mi
ZIP Area
2,605
Density / Sq Mi
$58,526
Median Household Income
$32,234
Median Earnings
$960
Median Rent
$189,200
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?
Flex space - Combined warehouse and office areas support distribution, storage, light manufacturing, and administrative operations.
Where is this flex space located?
The property is located at 707 River Street 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: 11,530‑square‑foot flex property on 0.38 acres; Approximately 8,000 square feet of warehouse space and 4,000 square feet of office suites; High‑clearance warehouse with dock‑height loading and a walk‑in cooler
