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    534 Pottsville Park Plz Pottsville, PA 17901
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    534 Pottsville Park Plz, Pottsville, PA 17901

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    • Retail properties & Spaces
    • 4,576 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 534 Pottsville Park Plz

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional 4,576 square foot storefront, located at 534 Pottsville Park Plaza in Pottsville, Pennsylvania (zip code 17901), presents a remarkable investment opportunity. Priced at $55,000 ($12.00 per square foot), this retail space boasts 29 parking spaces, a significant advantage in a high-traffic area along Route 61. The property features three restrooms and is equipped with electric heating and hot water. Note that central air conditioning is not present. Currently operating as a fitness center (equipment and fixtures included in the sale price, but seller is willing to sell equipment separately), the existing lease expires at the end of the year. A new lease can be negotiated with the building owner, providing flexibility for prospective buyers. The property is designated as Suite 2 and utilizes public sewer. This location offers tremendous potential for a variety of retail businesses, capitalizing on its high visibility and convenient parking. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pottsville
    County
    Schuylkill
    State
    Pennsylvania
    Longitude
    -76.1869
    Latitude
    40.6985

    Comparable in this City

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      2,880 SF

      192 2nd Mtn Rd

      STORE, RETAIL OUTLET
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      128 SF

      625 Gordon Nagle Trl

      STORE, RETAIL OUTLET
      625 Gordon Nagle Trl, Pottsville, PA 17901
      View Details

    Similar Nearby for Sale

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      Pending

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      Retail Building on Gordon Nagle

      Retail property with long-term tenants and vacant building for lease.
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    • $497,000
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      Pottsville Commercial Development Opportunity

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      Retail Opportunity in Pottsville, PA

      10,500 SF GLA retail property for sale.
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    • Contact for pricing
      2.27 Acres

      850 Gordon Nagle Trl, Pottsville, PA 17901

      Retail properties & Spaces
      850 Gordon Nagle Trl, Pottsville, PA 17901
      View Details

    Similar Nearby for Lease

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      12,755 SF

      Retail Space in Cressona Mall

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      New Retail Building on Pad

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      Pottsville Commercial Space Available

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      Versatile Mixed-Use Commercial Space

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      Retail Space in Cressona Mall

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      Retail Space in Cressona Mall

      Retail spaces available in shopping center anchored by GIANT Food.
      6116 Cressona Mall Rd, Pottsville, PA 17901
      View Details
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    Pottsville, PA 17901
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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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