Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    277 Mundy St Wilkes-Barre Township, PA 18702
    Back to Search
    Property profile & analytics

    277 Mundy St, Wilkes-Barre Township, PA 18702

    View on Map
    • Retail properties & Spaces
    • 1,395 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • AT&T Store / Mobile Phone Store / Electronics & Wireless Store
    • Visionworks / Ophthalmologist / (Bike/Boat/Book/etc) Store

    Property Details for 277 Mundy St

    Property type
    Retail properties & Spaces

    Description

    This exceptional 1,395 square foot retail space is ideally situated in Wilkes-Barre Township, Pennsylvania, at 277 Mundy Street, zip code 18702. The property is a single-tenant building offering high visibility and significant foot traffic. Its prime location within a thriving retail corridor along Mundy Street/Highland Boulevard places it directly across from the Wyoming Valley Mall and in close proximity to a major power center anchored by Lowe's, Target, and other national retailers including Old Navy, Best Buy, Dick's Sporting Goods, Michaels, Barnes & Noble, TJ Maxx, PetSmart, Hobby Lobby, and Staples. This redevelopment site benefits from its position in front of Arena Hub Plaza, ensuring strong exposure to a large consumer base. The area boasts a substantial population density, with 32,749 households within a 10-minute drive. This presents a unique opportunity for businesses seeking a high-traffic location with excellent visibility and proximity to major retailers and a significant residential population. The property is classified as Commercial Retail in Luzerne County. The entire 1,395 square feet is currently vacant and ready for immediate occupancy. This space offers a fantastic chance to establish a successful retail presence in a dynamic and well-established commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wilkes-Barre Township
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.8422
    Latitude
    41.2426

    Comparable in this City

    • Value Estimation by Request
      35,197 SF

      910 Wilkes Barre Township Blvd

      Retail properties & Spaces
      910 Wilkes Barre Township Blvd, Wilkes-Barre Township, PA 18702
      View Details
    • Value Estimation by Request
      2.85 Acres

      291 Mundy St

      Land
      291 Mundy St, Wilkes-Barre Township, PA 18702
      View Details
    • Value Estimation by Request
      6.00 Acres

      Market St

      Land
      0 Market St, Wilkes-Barre Township, PA 18702
      View Details
    • Value Estimation by Request
      178,596 SF

      Market St

      Individual retail properties
      0 Market St, Wilkes-Barre, PA 18702
      View Details
    • Value Estimation by Request
      438,344 SF

      Mundy St

      Power centers
      0 Mundy St, Wilkes-Barre Township, PA 18702
      View Details
    • Value Estimation by Request
      410,000 SF

      Wilkes-Barre Township Pa

      Individual retail properties
      0 Wilkes-Barre Township Pa, Wilkes-Barre, PA 18702
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Opportunity in Major Corridor

      Retail property in a major retail corridor.
      291 Mundy St, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing
      20,727 SF

      Commercial Building on Main Street

      20,727 SF building with garage, office, and retail space.
      540 S Main St, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing

      Retail Space Near Wyoming Valley

      Retail space available in high-visibility location near Wyoming Valley.
      277 Mundy St, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing

      Union Center Retail Opportunity

      Retail spaces available in redeveloped, highly visible Union Center.
      910 Wilkes-Barre Township Blvd, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing

      Retail Property in Power Center

      100% leased retail property in Northeastern PA's #1 shopping center.
      Between Rt. 309 & I-81 Mundy St, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing

      Versatile Building on Fenced Lot

      22,000 sq ft building with 9 garage bays.
      777 S Franklin St, Wilkes Barre, PA 18702
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,988 SF

      Retail Space in Wilkes Barre

      Retail property available for lease with 2988 square feet.
      1020 Wilkes Barre Township Blvd, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing
      14,931 SF

      Retail Space in Wilkes Barre

      Retail property available for lease in Wilkes Barre, Pennsylvania.
      272 East End Ctr, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Walmart-Anchored Center

      Retail space available in high-traffic, Walmart-anchored shopping center.
      2238-2300 Wilkes Barre Township Blvd, Wilkes Barre Township, PA 18702
      View Details
    • Contact for pricing
      2,088 SF

      Retail Space Available For Rent

      2,200 square feet retail space for rent.
      695 Kidder St, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing
      16,080 SF

      Wilkes-Barre Township Retail Space

      Retail space available for lease in Wilkes-Barre Township, PA.
      2150-2198 Wilkes Barre Township Blvd, Wilkes Barre Township, PA 18702
      View Details
    • Contact for pricing

      Retail Spaces on Route 309

      Three retail units available in busy Wilkes-Barre shopping center.
      200-210 Wilkes Barre Township Blvd, Wilkes Barre, PA 18702
      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.
    277 Mundy St
    Wilkes-Barre Township, PA 18702
    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

    Thank You for Inquiry
    277 Mundy St, Wilkes-Barre Township, PA, 18702
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!