Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    233 Northern Blvd Clarks Summit, PA 18411
    Back to Search
    Property profile & analytics

    233 Northern Blvd, Clarks Summit, PA 18411

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

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 233 Northern Blvd

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional property at 233-239 Northern Blvd in Clarks Summit, PA (zip code 18411), offers 7,100 square feet of vacant office space across two buildings. Located in Lackawanna County, this multi-tenant property features twelve suites in total, with two immediately available spaces ranging from 2,700 to 4,400 square feet. The suites are turnkey and boast desirable features including private offices, open floor plans, cubicles, and conference rooms, ideal for fostering collaboration and productivity. The property enjoys a high-traffic location along Route 11 (24,000 vehicles per day), providing excellent visibility and accessibility. Its strategic proximity to Interstates 476 (11,000 VPD) and 81 (37,000 VPD) further enhances its appeal. This is an excellent opportunity for businesses seeking a well-appointed and conveniently located office space in a thriving area. The property is classified as both medical and traditional office space, making it suitable for a variety of professional uses. The address is 233 Northern Blvd, South Abington Township, Pennsylvania.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clarks Summit
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.6765
    Latitude
    41.4701

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      318 Northern Blvd

      Individual retail properties
      318 Northern Blvd, South Abington, PA 18411
      View Details
    • Value Estimation by Request
      4,000 SF

      799 Northern Blvd

      Medical Office Space
      799 Northern Blvd, S. Abington Township, PA, PA 18411
      View Details
    • Value Estimation by Request
      4,000 SF

      831 Northern Blvd

      Restaurants
      831 Northern Blvd, Clarks Summit, PA 18411
      View Details
    • Value Estimation by Request
      37,399 SF

      1101 Northern Blvd

      Retail properties & Spaces
      1101 Northern Blvd, Clarks Summit, PA 18411
      View Details
    • Value Estimation by Request
      0.54 Acres

      State St Smt Gallaria

      OFFICE BUILDING
      State St Smt Gallaria, Clarks Summit, PA 18411
      View Details
    • Value Estimation by Request
      2.19 Acres

      Knapp Rd

      OFFICE BUILDING
      Knapp Rd, Clarks Summit, PA 18411
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,000 SF

      Medical Office Building For Sale

      4,000 SF medical office building on 0.9+/- acres.
      799 Northern Blvd S Abington Township, Clarks Summit, PA 18411
      View Details
    • $1,295,000

      Medical Office Building on Route 11

      4,000 SF medical office building near PA Turnpike entrance.
      799 Northern Blvd, Clarks Summit, PA 18411
      View Details
    • $1,200,000
      4,690 SF

      Medical Office Building For Sale

      Spacious medical office building with flexible floor plan.
      401 N State St, Clarks Summit, PA 18411
      View Details
    • Contact for pricing

      Mixed-Use Property with Storefronts

      Mixed-use property featuring storefronts and office space in Clarks Green.
      107 N Abington Rd, Clarks Green, PA 18411
      View Details
    • Contact for pricing

      Prestigious Class A Office Building

      Architecturally striking Class A office building in suburban Scranton.
      Clarks, Summit, PA 18411
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,800 SF

      Turnkey Restaurant with Drive-Thru

      Freestanding restaurant with drive-thru, prime location, and high visibility.
      900 S State St, Clarks Summit, PA 18411
      View Details
    • Contact for pricing
      6,000 SF

      Office Space in South Abington

      6,000 SF office space available for rent.
      318 Northern Blvd, South Abington Township, PA 18411
      View Details
    • Contact for pricing
      8,000 SF

      Flexible Office Space For Lease

      Office space for lease with flexible footprint and easy access.
      3 Abington Executive Park, Clarks Summit, PA 18411
      View Details
    • $950 /Mo
      13,000 SF

      Clarks Summit Lower Level Office

      Lower level office space in Clarks Summit, Pennsylvania.
      400 S State - Zimmerman St, Clarks Summit, PA 18411
      View Details
    • $15 SF/Yr
      8,000 SF

      Office Space in Clarks Summit

      Flexible office space for lease with easy highway access.
      3 Abington Executive Park, Clarks Summit, PA 18411
      View Details
    • Contact for pricing
      1,500 SF

      Renovated Office Space Available

      Office space for lease in Clarks Summit, Pennsylvania.
      Northern Blvd, Clarks Summit, PA 18411
      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.
    233 Northern Blvd
    Clarks Summit, PA 18411
    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
    233 Northern Blvd, Clarks Summit, PA, 18411
    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!