Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Grimes Industrial Park Pittston, PA 18640

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Grimes Industrial Park Pittston, PA 18640

    View on Map
    • Land
    • 277,100 SF
    • 31.75 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Grimes Industrial Park

    Lot size
    31.75 lot acres
    Property size
    277,100 SF
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 31.75-acre industrial land parcel, located in the thriving Grimes Industrial Park in Yatesville, Pennsylvania (zip code 18640), presents a unique investment opportunity. Situated at the high-visibility corner of Commerce Road and Sathers Drive, this property boasts significant frontage on both roads, ensuring excellent exposure. The site is zoned I-1 Industrial and has all necessary approvals secured for the construction of up to 277,100 square feet of new industrial space. All utilities are readily accessible. The property's strategic location offers easy access to Interstate 81 via exit 178 (Navy Way), Pennsylvania Route 315, and the Northeast Extension of the Pennsylvania Turnpike (Route 476). This prime location within Grimes Industrial Park places the property in close proximity to major distribution centers, including a one-million-square-foot TJ Maxx facility, FedEx, Cascade, and US Hydrations, among others. The land is comprised of 6.78 acres in Dupont Borough and 24.949 acres in Pittston Township, offering a contiguous and sizable development opportunity. The asking price for this fully approved, ready-to-build site is $3,950,000. The park's established infrastructure and presence of significant tenants make this an ideal location for new industrial development. This is a rare opportunity to acquire a large, fully permitted industrial site in a high-demand location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pittston
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.7332
    Latitude
    41.3152

    Comparable in this City

    • Value Estimation by Request
      147,000 SF

      525 Research Dr

      Distribution properties • 147,000 SF
      525 Research Dr, Yatesville, PA 18640
      View Details
    • Value Estimation by Request
      12.43 Acres

      Laflin Rd

      PRINTING, PUBLISHING (LIGHT INDUSTRIAL) • 12.43 Acres
      Laflin Rd, Pittston, PA 18640
      View Details
    • Value Estimation
      $1,800,000
      9.70 Acres

      50 Rock St

      PRINTING, PUBLISHING (LIGHT INDUSTRIAL) • 9.70 Acres
      50 Rock St, Hughestown, PA 18640-3028
      View Details
    • Value Estimation by Request
      0.65 Acres

      109 New St

      PRINTING, PUBLISHING (LIGHT INDUSTRIAL) • 0.65 Acres
      109 New St, Pittston, PA 18640-2147
      View Details
    • Value Estimation by Request
      178,700 SF

      4 & Pacific Ave

      Distribution properties • 178,700 SF
      0 4 & Pacific Ave, Dupont, PA 18640
      View Details
    • Value Estimation by Request
      0.29 Acres

      334 Main St

      LUMBERYARD, BUILDING MATERIALS • 0.29 Acres
      334 Main St, Pittston, PA 18640
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Pittston

      Land available for sale at 1099 Sathers Dr, Pittston, PA.
      1099 Sathers Dr, Pittston, PA 18640
      View Details
    • Contact for pricing
      117,517 SF

      50 Rock Street, Hughestown, PA 18640

      Manufacturing properties • 117,517 SF
      50 Rock St, Hughestown, PA 18640
      View Details
    • $89,999
      2.00 Acres

      Residential Land in Jenkins Township

      Two acre residential land for sale in Jenkins Township, PA.
      Wood Way, Jenkins Township, PA 18640
      View Details
    • $799,000
      2.00 Acres

      Commercial Building on Two Acres

      5,100 sqft building on 2 acres near industrial park.
      900 Oak St, Pittston, PA 18640
      View Details
    • Contact for pricing
      0.13 Acres

      Residential Land in Duryea, PA

      Level lot suitable for single-family home or multi-unit investment.
      616 Rear Donnelly St, Duryea, PA 18640
      View Details
    • Contact for pricing
      0.13 Acres

      Residential Land in Duryea, PA

      Level lot ready for new construction in Duryea Borough.
      616 Donnelly St, Duryea, PA 18640
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,000 SF

      Land for Lease in Pittston

      Land available for lease at 175 Research Drive.
      175 Research Dr, Pittston, PA 18640
      View Details
    • Contact for pricing

      Industrial Space Under Construction

      86,916 SF industrial space available early 2Q25.
      225 Enterprise Way, Pittston, PA 18640
      View Details
    • Contact for pricing

      Modern Flex Space in Pittston

      42,175 SF flex space in CenterPoint Commerce & Trade Park.
      525 Research Dr, Pittston, PA 18640
      View Details
    • Contact for pricing

      Food Grade Distribution Facility

      249,750 SF food grade facility for sublease in Pittston.
      175 Patriot Dr, Pittston, PA 18640
      View Details
    • Contact for pricing
      88,000 SF

      Industrial Site in Grimes Industrial

      15.69 acre industrial site for lease in Pittston, PA.
      500 Sathers Dr, Pittston, PA 18640
      View Details
    • Contact for pricing
      144,000 SF

      Pittston Distribution Warehouse for Lease

      144,000 SF distribution warehouse with cross-dock configuration available for lease.
      125 Capital Rd, Pittston, PA 18640
      View Details
    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.
    Grimes Industrial Park
    Pittston, PA 18640
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!