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    454 Pa-590 Lackawaxen, PA 18435

    Sponsored
    For Lease
    Contact for pricing

    57,862 SF Retail Space Available

    Lot size:
    57,862 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    413
    The Village Center at 454 PA-590 in Hamlin, PA (zip code 18435) presents a unique opportunity for retail businesses seeking space in a thriving Pennsylvania community. This multi-tenant retail strip center and shopping center boasts a total of 57,862 square feet of leasable space, offering flexibility for various retail concepts. Nine spaces are currently available, with sizes ranging from a minimum of 1,300 square feet to a maximum contiguous space of 34,067 square feet. This allows for businesses of all sizes, from smaller boutiques to larger anchor tenants, to find a suitable location. The property's strategic location on Route 590 in Lackawaxen ensures high visibility and accessibility for customers. The address is 454 PA-590, Hamlin, PA 18435, with GPS coordinates of 41.3675908 latitude and -75.0623947 longitude. This prime retail space offers a chance to establish or expand your business in a vibrant and accessible location. The property is ideal for businesses seeking a flexible and adaptable space to meet their specific needs. The diverse range of available space sizes ensures that there is an option to suit a variety of retail operations. Contact us today to learn more about this exceptional retail opportunity.

    Property Features for 454 Pa-590

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    57,862 SF

    Unit(s) available at that property

    Space
    Available Space 3
    Size
    1,300 SF
    Space
    Available Space 5
    Size
    2,600 SF
    Space
    Available Space 6
    Size
    6,720 SF
    Space
    Pad
    Size
    4,000 SF
    Space
    Available Space 7
    Size
    34,067 SF
    Space
    Available Space 8
    Size
    73,087 SF
    Space
    Available Space 1
    Size
    1,300 SF
    Space
    Available Space 2
    Size
    1,300 SF
    Space
    Available Space 4
    Size
    2,600 SF

    We can help!

    Listing Contact
    Brendan Mulligan
    Brendan Mulligan

    Learn more

    HighLights

    • Excellent proximity to the expanding Lake Ariel residential area.
    • Sole remaining anchor and pad site available for lease in Hamlin Market.
    • 1,300 to 73,087 square feet of space and a pad site available for lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Lackawaxen
    County
    Pike
    State
    Pennsylvania
    Longitude
    -75.0623947
    Latitude
    41.3675908

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    FAQs

    What type of property is this?
    Lifestyle center - 57,862 SF Retail Space Available
    Where is this lifestyle center located?
    The property is located at 454 Pa-590 Lackawaxen, PA.
    What are key features of this property?
    This property features: Excellent proximity to the expanding Lake Ariel residential area.; Sole remaining anchor and pad site available for lease in Hamlin Market.; 1,300 to 73,087 square feet of space and a pad site available for lease.
    Request Owner's contact information
    454 Pa-590 Lackawaxen, PA 18435
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    Lackawaxen, PA 18435
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    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
    454 Pa-590 Lackawaxen, PA 18435
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    We can help!
    Listing Contact
    Brendan Mulligan
    Brendan Mulligan
    Real Estate License ID: PA
    Learn more
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