Mixed-Use Property on Main
For Sale
Contact for pricing
961 Main St, Dickson City, PA 18519
Prime corner lot for commercial or residential development.
Property Size2,000 SF
Price / SF$324.50
Days on Market1430
Property Features for 961 Main St
General Information
Standard status
Active
Size
2,000 SF
Class
B
Property subtype
Multifamily, Office, Mixed Use
Zoning
Commercial
Building Details
Year Built
1920
Buildings
1
Stories
2
Units
1
Listing Agency:
ERA One Source Realty
(570) 510-5840
Listed By:
Sunita Arora · License #RM061605A
Source:
Crexi
Added: Sep 30, 2022
Changed: Aug 17
Last Checked: Aug 25 at 8:41PM
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 ERA One Source Realty
Investment Insights
Based on property information with market context.
This mixed-use property is located on Main Street in Dickson City. The property is strategically placed in an area of progress and growth, near a hospital and I-81. It features a highly visible corner lot zoned for mixed-use, allowing for commercial and/or residential development. The lot has 250 feet of frontage on Main Street, 192 feet on Jermyn Street, and 250 feet on Grant Court. The property size is 2000 square feet.
Key Highlights
- Prime mixed‑use property on Main St Dickson City.
- Strategically placed near Hospital and I81.
- Highly visible corner lot.
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
$25,701
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
3.96%
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%
$514,020
$514.0K
Cap Rate 7%
$367,157
$367.2K
Cap Rate 9%
$285,567
$285.6K
Market Conditions
NOI Build-Up for 2,000 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
$40.1K $20.04/SF
− Vacancy
−$5.8K −$2.91/SF
EGI
$34.3K $17.13/SF
− OpEx
−$8.6K −$4.28/SF
NOI
$25.7K $12.85/SF
Area
Lackawanna County, PA
Vacancy
14.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
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%
$514,020
Cap Rate 7%
$367,157
Cap Rate 9%
$285,567
Alternative Uses
Best Use
Office B
$367.2K
$321.3K – $428.4K
NOI $25,701 @ 7.0% cap · market cap 3.96%
Second Best
Mixed Use
$289.3K
$253.1K – $337.5K
NOI $20,250 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$507.6K
$444.2K – $592.3K
NOI $35,535 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Explore this area
Business Placement
Demographics for 18519, PA
5,000
Population
2,672
Households
1.9
Avg Household Size
45
Median Age
26%
College-Educated
86%
High-School Grad
2.4 sq mi
ZIP Area
2,083
Density / Sq Mi
$58,061
Median Household Income
$44,533
Median Earnings
$924
Median Rent
$165,300
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?
Mixed-use property - Prime corner lot for commercial or residential development.
Where is this mixed-use property located?
The property is located at 961 Main St Dickson City, PA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Prime mixed‑use property on Main St Dickson City.; Strategically placed near Hospital and I81.; Highly visible corner lot.
