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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Commercial real estate
1280 Hwy 315th Blvd Wilkes Barre, PA 18702-7002
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US73-3624860
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
263.92 ac (11,496,355 SF)
APN
50-G11-00A-01A
UPID
US73-3624860
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
-
Bold Gold Media Group Radio Station Telecommunications Service
-
Pennsylvania Harness Association Association / Organization
-
ATM Atm
-
Pearl Sushi At Mohegan Sun Restaurant
-
Northeast Catering Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$720k
Owner & transaction history
Racing LP Downs · 13 yrs held
Racing LP Downs
since 2012
7 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 Wilkes Barre submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilkes Barre 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
by Request
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$720k
Range $648k – $792k · ±10%
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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,564,352
Tax year 2023
Assessed value
$58,464,500
Assessed 2024
Previous assessed
$58,464,500
+0.0% YoY
Effective rate
2.68%
On assessed value
Assessed land
$3,249,100
Assessed improvement
$55,215,400
Land market value
$3,249,100
Improvement market value
$55,215,400
Total market value
$58,464,500
Applied tax rate
50.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
263.92 ac (11,496,355 SF)
APN
50-G11-00A-01A
UPID
US73-3624860
Jurisdiction
LUZERNE
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
263.92 ac
Current owner
From public records · entity-resolved
Racing LP Downs
Entity
Mailing address
1280 HWY 315TH BLVD, WILKES BARRE, PA 18702-7002
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2021
—
Downs Racing LP
—
Deed
related
—
Dec 22, 2020
—
Downs Racing LP
—
Deed
related
$50,000,000 · Liberty Bk
Oct 17, 2016
—
Downs Racing LP
—
Deed
related
—
Jul 17, 2012
—
Racing LP Downs
Downs Racing LP
Quit Claim Deed
related
—
Dec 17, 2008
—
Racing Downs
—
Deed Of Trust
related
$850,000,000 · Bank Of America
Apr 9, 2008
—
Racing Downs
Downs Racing
Quit Claim Deed
related
—
—
—
Racing LP Downs
—
Deed Of Trust
related
$955,000,000 · Rbs Citizens Bank NA
—
—
Downs Racing LP
—
Deed Of Trust
related
$90,000,000 · Citizens Bk
—
—
Downs Racing LP
—
Deed Of Trust
related
$50,000,000 · Liberty Bk
—
—
Racing Downs
—
Deed Of Trust
related
$200,000 · Us Bank NA
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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