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    3500 Rte Dallas, PA 18612
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    3500 Rte, Dallas, PA 18612

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    • Neighborhood centers
    • 20,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 3500 Rte

    Year built
    2017
    Property size
    20,000 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    The Shoppes at Yalick Farms offers 20,000 square feet of retail space in a prime Dallas, PA location. This multi-tenant strip center, built in 2017, features five suites with a minimum divisible space of 1,372 square feet. Currently, 46,872 square feet are available, including three retail units and two build-to-suit pad sites (one 2,500 square feet and another 40,000 square feet on a 4-acre lot). The property sits on a 4-acre lot and enjoys high visibility on Route 415, boasting an estimated daily traffic count of 13,000 vehicles. Its strategic location near the intersection of Routes 118 and 415 provides excellent access to a large customer base. The center is conveniently located minutes from Dallas' town center, Misericordia University, Penn State Wilkes-Barre, and Route 309. Furthermore, it offers easy access to Interstates 81, 80, and 84, as well as the Pennsylvania Turnpike Extension. Recreational opportunities abound, with Harvey's Lake, Pennsylvania's largest natural lake, just 2.5 miles away. This presents a unique opportunity for businesses seeking high visibility and convenient access to a thriving community and major transportation arteries in the I-81 corridor of Northeast Pennsylvania. The property is situated within the 60-acre Yalick Farms condominium property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.9897
    Latitude
    41.3422

    Comparable in this City

    • Value Estimation by Request
      174,240 SF

      3500 Rt. 415

      Individual retail properties • 174,240 SF
      3500 Rt. 415, Dallas, PA 18612
      View Details
    • Value Estimation by Request
      1.41 Acres

      Memorial Hwy

      SHOPPING CENTER, STRIP CENTER • 1.41 Acres
      Memorial Hwy, Dallas, PA 18612
      View Details
    • Value Estimation by Request
      0.57 Acres

      Rte 415

      SHOPPING CENTER, STRIP CENTER • 0.57 Acres
      Rte 415, Dallas, PA 18612
      View Details
    • Value Estimation by Request
      3.25 Acres

      Rte 309

      SHOPPING CENTER, STRIP CENTER • 3.25 Acres
      Rte 309, Dallas, PA 18612
      View Details
    • Value Estimation by Request
      2.36 Acres

      3182 Memorial Hwy

      SHOPPING CENTER, STRIP CENTER • 2.36 Acres
      3182 Memorial Hwy, Dallas, PA 18612
      View Details
    • Value Estimation by Request
      1.15 Acres

      2925 Memorial Hwy

      SHOPPING CENTER, STRIP CENTER • 1.15 Acres
      2925 Memorial Hwy, Dallas, PA 18612-1570
      View Details

    Similar Nearby for Sale

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      Retail Space in Dallas, PA

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    Similar Nearby for Lease

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      1,372 SF

      Retail Space at Yalick Farms

      Retail spaces available for immediate occupancy at The Shoppes.
      3800-3816 Yalick Plz Rte 415, Dallas, PA 18612
      View Details
    • Contact for pricing
      40,000 SF

      Retail Space at Yalick Farms

      Retail and pad sites available in Dallas, Pennsylvania.
      1018 Sharon Ln, Dallas, PA 18612
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space at Yalick Farms

      Retail spaces available for lease with build-to-suit options.
      3882 Yalick Rd, Dallas, PA 18612
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available for lease.
      2211 Memorial Hwy, Dallas, PA 18612
      View Details
    • Contact for pricing
      2,715 SF

      Office Space Available For Rent

      2715 square feet of office space for lease.
      31 Lake St, Dallas, PA 18612
      View Details
    • Contact for pricing

      Prime Land Lease Opportunity

      Approximately 4-acre site suitable for retail, medical, or office.
      3970 Memorial Hwy, Dallas, PA 18612
      View Details
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    Dallas, PA 18612
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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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