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

    Mundy St, Wilkes-Barre Township, PA 18702

    View on Map
    • Power centers
    • 438,344 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Power centers

    Property Details for 0 Mundy St

    Property type
    Power centers
    Property subtype
    Retail properties & Spaces

    Description

    Arena Hub Plaza, a premier power center in Northeastern PA, offers exceptional retail space for lease. This thriving shopping center boasts a total of 438,344 square feet and is anchored by Lowe's and other major retailers. The property enjoys a prime location along the Mundy Street/Highland Blvd. retail corridor, benefiting from significant traffic volume. With approximately 27,466 households within a 10-minute drive, this location guarantees a substantial customer base. Currently, there are two available spaces, offering flexibility with minimum divisible space of 4,000 square feet and a maximum contiguous space of 26,057 square feet. A significant 30,057 square feet is currently vacant, presenting a unique opportunity for expansion or new tenancy. This power center is consistently ranked as the #1 shopping center in Northeastern PA, making it an ideal location for businesses seeking high visibility and strong sales potential. The available space is situated at the entrance, offering excellent endcap visibility and accessibility. This is a rare opportunity to secure a prime retail location within a highly successful and established shopping center. Don't miss out on this chance to establish your business in a top-performing retail environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wilkes-Barre Township
    County
    State
    Pennsylvania
    Longitude
    -75.8504
    Latitude
    41.244

    Comparable in this City

    • Value Estimation by Request
      78,398 SF

      101 Wyoming Valley Mall

      Lifestyle centers
      101 Wyoming Valley Mall, Wilkes-Barre Township, PA 18702
      View Details
    • Value Estimation by Request
      6,215 SF

      495 Johnson St

      Lifestyle centers
      495 Johnson St, Wilkes-Barre Township, PA 18702
      View Details
    • Value Estimation by Request
      1,500 SF

      755 Kidder St

      Restaurants
      755 Kidder St, Wilkes-Barre Township, PA 18702
      View Details
    • Value Estimation by Request
      5,000 SF

      241 Wilkes Barre Township Blvd

      Neighborhood centers
      241 Wilkes Barre Township Blvd, Wilkes-Barre Township, PA 18702
      View Details
    • Value Estimation by Request
      20,750 SF

      200-210 Wilkes Barre Township Blvd

      Neighborhood centers
      200-210 Wilkes Barre Township Blvd, Wilkes-Barre Township, PA 18702
      View Details
    • 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

    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

      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

      Prime Retail Development Opportunity

      62-acre parcel for retail development near I-81 and Route 309.
      309 & I-81 Rte, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing
      97,429 SF

      Retail Space in Wilkes-Barre Mall

      Prime retail space in a high-traffic shopping district.
      29 Wyoming Valley Mall, 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
      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
      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
      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

      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
    • 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
      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
    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.
    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
    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!