Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Food Grade Distribution Center Title is generated by Realmo AI

    625 New Commerce Blvd, Wilkes Barre, PA 18706

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    110,000± SF food grade distribution center for lease.

    Type:Industrial
    Property size:
    110,000 SF
    Added:
    Dec 20, 2023
    Days on Market:
    894
    Last Refresh:
    May 12 at 9:01 pm

    Property Features for 625 New Commerce Blvd

    General Information

    Standard status
    Active
    Size
    110,000 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 625 New Commerce Blvd Contact us

    We can help!

    Listing Contact
    Steve Cole

    Listing agent Steve Cole License #PA RB043368C

    Listing office NAI Mertz | Wilkes - Barre

    Listing date Dec 20, 2023

    Source Crexi

    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 NAI Mertz | Wilkes - Barre

    HighLights

    • 110,000± sf food grade distribution center.
    • 80,000± sf dry warehouse space / 25,000± sf freezer space.
    • Centrally located in an expanding industrial region of northeastern pennsylvania.
    • Strategically located in close proximity and adjacent to Interstate 81.
    • Proximity to Route 29.
    • Proximity to Interstate 476.

    Overview

    This property is a 110,000± square foot food grade distribution center, featuring approximately 80,000± square feet of dry warehouse space and 25,000± square feet of freezer space. It is centrally located in an expanding industrial region of northeastern Pennsylvania, with strategic proximity and adjacency to Interstate 81, Route 29, Interstate 476, Interstate 84, Interstate 80, Route 11, Route 309, and Route 115.
    Location Intelligence

    Current Use by Public Records

    Keyco Distributors Inc Big Box & Wholesale Store Pero Family Farms Warehouse & Storage

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilkes Barre
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.922984
    Latitude
    41.202925

    Nearby Similar for Lease

    • $9,814/Mo
      33,650 SF

      Functional Industrial Space in Wilkes-Barre

      33,000 SF industrial space suitable for warehouse, manufacturing, office.
      373 High Street, Wilkes-Barre, PA 18702
      View Details
    • $1,600/Mo
      1,600 SF

      Flex Space with Kitchen Area

      1,600 SF flex space ideal for kitchen or office.
      90 E Union Street, Wilkes-Barre, PA 18701
      View Details
    • $1.00 SF/Yr
      5,000 SF

      Wilkes-Barre Warehouse Space Available

      Warehouse space for rent in Wilkes-Barre, Pennsylvania.
      101 E Main Street, Wilkes-Barre, PA 18705
      View Details
    • $10 SF/Yr
      18,000 SF

      Shell Space Ready for Build-Out

      Second-floor commercial space available for custom build-out in Wilkes-Barre.
      90 E Union Street, Wilkes-Barre, PA 18701
      View Details
    • $2 SF/Yr
      25,000 SF

      Wilkes-Barre Commercial Rental Space

      Large format space suitable for warehousing, storage, or light production.
      90 E Union Street, Wilkes-Barre, PA 18701
      View Details
    • $11 SF/Yr
      6,400 SF

      Mixed-Use Office & Industrial Space

      Downtown mixed-use property with office and warehouse spaces for rent.
      90-92 E Union St, Wilkes Barre, PA 18701
      View Details
    • Contact for pricing
      2,075 SF

      Retail Spaces on Route 309

      Three retail units available in busy Wilkes-Barre shopping center.
      200-210 Wilkes Barre Township Boulevard, Wilkes-Barre, PA 18702
      View Details
    • Contact for pricing
      52,800 SF

      Flex and Industrial Warehouse Space

      Flex and industrial warehouse space available for rent.
      300 Laird Street, Wilkes-Barre, PA 18702
      View Details
    • Contact for pricing
      132,566 SF

      Food Grade Distribution Center

      110,000± SF food grade distribution center for lease.
      625 New Commerce Boulevard, Wilkes-Barre, PA 18706
      View Details
    • $10 SF/Yr
      2,200 SF

      Retail Space Available For Rent

      2,200 square feet retail space for rent.
      695 Kidder St, Wilkes Barre, PA
      View Details
    • Contact for pricing
      52,000 SF

      Class A Office Suites Available

      Strategically located office suites available for lease in Plains Township.
      1065 Pennsylvania 315, Wilkes-Barre, PA 18702
      View Details
    • $11 SF/Yr
      9,600 SF

      Retail Space in Wilkes Barre

      Retail property available for lease in Wilkes Barre, PA.
      651 Carey Ave, Wilkes Barre, PA
      View Details

    FAQs

    What type of property is this?
    Distribution center - 110,000± SF food grade distribution center for lease.
    Where is this distribution center located?
    The property is located at 625 New Commerce Blvd Wilkes Barre, PA.
    What are key features of this property?
    This property features: 110,000± sf food grade distribution center.; **80,000± sf dry warehouse space / 25,000± sf freezer space.**; Centrally located in an expanding industrial region of northeastern pennsylvania.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steve Cole
    Real Estate License ID: PA RB043368C
    Learn More
    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
    625 New Commerce Blvd, Wilkes-Barre, PA 18706
    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!