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Property profile & analytics
OFF-MARKET
Estimated value
$2,450,000
Office buildings
116 Washington Ave, Scranton, PA 18503-1800
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-0192587
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
0.48 ac (20,960 SF)
APN
15635020006
UPID
US73-0192587
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
O’Connor Law Law Firm
-
Vive Studio (Bike/Boat/Book/etc) Store Photography Service
-
Keystone Auto Transport Car Dealership Shipping Company
-
Freedom Gold USA Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Rain Tree Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.45M
Owner & transaction history
Scranton Kane LLC · 5 yrs held
Scranton Kane LLC
since 2021
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Scranton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scranton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,350,000
ML approach
$2,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.45M
Range $2.21M – $2.70M · ±10% · vs last sale $2.45M (Jun 16 2021)
Last sale anchor
$2.45M
Jun 16 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$64,060
Tax year 2024
Assessed value
$162,750
Assessed 2024
Previous assessed
$162,750
+0.0% YoY
Effective rate
39.36%
On assessed value
Assessed land
$110,000
Assessed improvement
$52,750
Land market value
$110,000
Improvement market value
$52,750
Total market value
$162,750
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
NONE
Lot
0.48 ac (20,960 SF)
APN
15635020006
UPID
US73-0192587
Jurisdiction
LACKAWANNA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.48 ac
Current owner
From public records · entity-resolved
Scranton Kane LLC
Entity
Mailing address
2030 W TILGHMAN ST STE #203, ALLENTOWN, PA 18104-4354
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2021
$2,450,000
Scranton Kane LLC
The North Washington Group LLC
Deed
$1,960,000 · Community Bank NA
Jul 18, 2005
$1,370,000
Crystal Lake Estates LLC
William S Robinson
Deed
$110,000 · Community Bank & Trust
May 31, 2005
$2,485,000
North Washington Group LLC
Owner,record
Grant Deed
related
—
—
—
North Washington Group LLC
—
Deed Of Trust
related
$2,000,000 · Fidelity Deposit & Discount Bk
—
—
North Washington Group LLC
—
Deed Of Trust
related
$200,000 · Fidelity Deposit & Discount Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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