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    Main St St Hallstead, PA 18822

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    Main St St Hallstead, PA 18822

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    • Office properties & Spaces
    • 2,280 SF
    • 0.04 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for Main St St

    Year built
    1987
    Lot size
    0.04 lot acres
    Property size
    2,280 SF
    Property type
    Office properties & Spaces

    Description

    This meticulously maintained 2,280 square foot office building is ideally situated just off Route 81 in Hallstead, Pennsylvania. The property sits on a 0.04-acre lot and offers a blend of commercial and industrial potential. The building boasts six spacious offices, a welcoming reception area, and a convenient bathroom complete with a kitchenette. Recent upgrades include a brand-new roof and a new air conditioning system (both an air handler and roof unit) in the finished section. The building is divided into a finished and an unfinished section, presenting a unique opportunity to customize the remaining space to perfectly suit your business needs. The finished area is move-in ready, requiring no further work. This turnkey solution offers immediate occupancy for your office and staff. The asking price for this exceptional property is $149,900. This represents a significant value for a well-maintained, conveniently located office building with significant potential for expansion. The property's proximity to Route 81 ensures easy access for clients and employees. Don't miss this chance to secure a prime location for your business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hallstead
    County
    Susquehanna
    State
    Pennsylvania
    Longitude
    -75.7429
    Latitude
    41.9527

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      705 Main St

      OFFICE (GENERAL) • 0.04 Acres
      705 Main St, Hallstead, PA 18822-8825
      View Details
    • Value Estimation by Request
      0.82 Acres

      23512 State Rte 11

      OFFICE (GENERAL) • 0.82 Acres
      23512 State Rte 11, Hallstead, PA 18822-9275
      View Details
    • Value Estimation by Request

      705-709 Main St

      Land
      705-709 Main St, Hallstead, PA 18822
      View Details
    • Value Estimation by Request
      0.19 Acres

      81 Church St

      OFFICE (GENERAL) • 0.19 Acres
      81 Church St, Hallstead, PA 18822
      View Details
    • Value Estimation by Request
      0.04 Acres

      709 Main St

      OFFICE (GENERAL) • 0.04 Acres
      709 Main St, Hallstead, PA 18822-8825
      View Details
    • Value Estimation by Request
      0.33 Acres

      587 Main St

      OFFICE (GENERAL) • 0.33 Acres
      587 Main St, Hallstead, PA 18822-9800
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,280 SF

      Hallstead Office Building Near Route 81

      Updated office building near Route 81 with finished and unfinished space.
      705-709 Main St, Hallstead, PA 18822
      View Details
    • Contact for pricing
      3,360 SF

      Hallstead Commercial Property on Route 11

      3400 SF commercial building with high visibility and large parking.
      613 Main St, Hallstead, PA 18822
      View Details
    • $499,000

      Established Restaurant and Bar for Sale

      Turnkey restaurant and bar with liquor license near I-81.
      117 Main St, Hallstead, PA 18822
      View Details
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    Hallstead, PA 18822
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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
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