Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land For Sale, Covington Twp Title is generated by Realmo AI

    8 Buckaroo Byway E18, Covington Twp, PA 18424

    View on Map
    Claim this Listing
    Pending
    $60,000

    LAND - Covington Twp, PA

    Lot size:
    0.13 Acres
    Added:
    May 15, 2026
    Days on Market:
    18
    Last Refresh:
    Jun 1 at 6:06 am

    Property Features for 8 Buckaroo Byway E18

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    MPRV
    Standard status
    Pending
    APN
    22801040008
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    28X27x105x50x124 Land W-01 B- L- P-
    Tax Annual Amount
    815

    We can help!

    Listing Contact
    Mindy Lynn Holt

    Listing agent Mindy Lynn Holt License #RS362560

    Listing office Iron Valley Real Estate Greater Scranton 201 E. Drinker Street, Dunmore, PA

    Listing date May 15, 2026

    MLS# SC262323 Listing URL

    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.

    Overview

    This 0.13-acre commercial land is located in Covington Township, Lackawanna County, Pennsylvania. The property is zoned MPRV.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Covington Twp
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.5491
    Latitude
    41.243

    Nearby Similar for Sale

    • $589,000
      6,610 SF

      Poconos Mixed-Use Investment Opportunity

      Versatile property near Poconos attractions with multiple income streams.
      304 Drinker Turnpike, Covington Twp, PA 18424
      View Details
    • $130,000

      Turnkey RV Lot in Eagle Lake

      Fully equipped RV lot with park model and many amenities.
      44 Cedar Drive, Covington Twp, PA 18424
      View Details
    • $125,000

      Recreational Land in Eagle Lake

      Amenity-filled recreational property with park model RV and gazebo.
      256 Thoroughbred Terrace, Covington Twp, PA 18424
      View Details
    • $105,000

      Turnkey Park Model with Florida Room

      Move-in ready park model in amenity-rich Eagle Lake Community.
      576 Warbler Drive, Covington Twp, PA 18424
      View Details
    • $44,900

      Eagle Lake Recreation Community Property

      Two-bedroom property in a gated resort-style recreational community.
      676 Rabbit Court, Covington Twp, PA 18424
      View Details
    • $275,000

      Recreational Land with Furnished RVs

      Two parcels with RVs, gazebos, and recreational amenities.
      124 Tennis Terrace, Covington Twp, PA 18424
      View Details
    • $65,000

      Turnkey RV Property in Eagle Lake

      Move-in ready two-bedroom RV with amenities in Eagle Lake Community.
      128 Oak Place, Covington Twp, PA 18424
      View Details
    • $110,000

      Land Near Eagle Lake

      Land with lake views and community amenities in Covington Twp.
      71 Lakeview E, Covington Twp, PA 18424
      View Details
    • $249,000

      Waterfront Land on Eagle Lake

      Lakefront property with dock, gazebo, shed, and community amenities.
      39 Lake View N, Covington Twp, PA 18424
      View Details
    • $39,000

      Charming RV in Eagle Lake

      One-bedroom park model RV in a recreational community.
      165 Birch Terrace, Covington Twp, PA 18424
      View Details
    • $156,000

      Recreational Land in Eagle Lake

      Corner lot with park model RV in Eagle Lake community.
      837 Muskrat Lane, Covington Twp, PA 18424
      View Details
    • $65,000

      Charming RV Getaway in Eagle Lake

      Turnkey two-bedroom park model RV with many community amenities.
      867 Whitetail Way, Covington Twp, PA 18424
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land available in Covington Twp, Lackawanna County, Pennsylvania.
    Where is this commercial land located?
    The property is located at 8 Buckaroo Byway E18 Covington Twp, PA.
    What is the asking price?
    The asking price for this property is $60,000.
    (570) 266-2451
    We can help!
    Listing Contact
    Mindy Lynn Holt
    Real Estate License ID: RS362560
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8 Buckaroo Byway E18, Covington Twp, PA 18424
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!