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    Property profile & analytics

    657 Hamlin Hwy Lake Ariel, PA 18427

    • Retail properties
    • 8,100 SF
    • 2.04 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 657 Hamlin Hwy

    Lot size
    2.04 lot acres
    Property size
    8,100 SF
    Property type
    Retail properties
    Property subtype
    Drug stores

    Description

    This exceptional investment opportunity presents a fee-simple, net-leased 8,100 square foot CVS Pharmacy located at 657 Hamlin Hwy, Hamlin, PA 18427. The property sits on a 2.04-acre lot and boasts a 7.00% cap rate with a strong NOI of $243,000. The current lease, with CVS Pharmacy (a corporate guaranteed tenant), has a remaining term of 2.2 years, followed by three 5-year renewal options with 10% rental increases each. The lease commenced July 1, 1996, and expires January 31, 2027. The asking price is $3,470,000, translating to a price per square foot of $428.40. This prime retail location benefits from high visibility at a signalized intersection with daily traffic exceeding 10,000 vehicles. The property is surrounded by other national retailers and local businesses, ensuring a strong retail environment. The substantial lot size offers significant redevelopment potential should the tenant vacate. This investment provides a passive ownership opportunity with minimal landlord responsibilities, making it an attractive addition to any portfolio. The tenant, CVS Pharmacy, is a leading healthcare and retail provider with a strong financial history. This is a top-performing CVS location with a proven track record of success.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Ariel
    County
    Wayne
    State
    Pennsylvania
    Longitude
    -75.3972
    Latitude
    41.4038

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    657 Hamlin Hwy
    Lake Ariel, PA 18427
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    Realmo Value Estimation

    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.

    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.

    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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