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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    131 Smith St Dunmore, PA 18512-2392

    • Apartment buildings
    • 0.81 lot acres
    OFF-MARKET
    Last Sale
    Aug 31, 2022
    $798,840
    Value Estimations
    $945,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-5829719
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 131 Smith St

    Lot size
    0.81 lot acres
    Property type
    Apartment buildings
    APN
    1465202005901
    APU
    1465202005901

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $945,000
      ML approach
      $870,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dunmore
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.6212
    Latitude
    41.4182
    CBSA code
    42540
    CBSA name
    SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $17,860
    $8,000
    $62,000
    $70,000
    -
    $8,000
    $62,000
    $70,000

    Comparable in this City

    • Value Estimation
      $685,000
      0.14 Acres

      515 George St, Unit 517

      APARTMENT HOUSE (5+ UNITS) • 0.14 Acres
      515 George St, Throop, PA 18512-1043
      View Details
    • Value Estimation
      $385,000
      0.18 Acres

      107 Warren St

      APARTMENT HOUSE (5+ UNITS) • 0.18 Acres
      107 Warren St, Scranton, PA 18512
      View Details
    • Value Estimation
      $255,000
      0.08 Acres

      325 George St

      APARTMENT HOUSE (5+ UNITS) • 0.08 Acres
      325 George St, Throop, PA 18512-1233
      View Details
    • Value Estimation by Request
      1.05 Acres

      508 Drinker St

      Land • 1.05 Acres
      508 Drinker St, Dunmore, PA 18512
      View Details
    • Value Estimation by Request
      23,850 SF

      1010 Harry P O'neill Hwy

      Coworking space • 23,850 SF
      1010 Harry P O'neill Hwy, Dunmore, PA 18512
      View Details
    • Value Estimation by Request
      6,400 SF

      1300 Wheeler Ave

      Medical offices • 6,400 SF
      1300 Wheeler Ave, Dunmore, PA 18512
      View Details

    Similar Nearby for Sale

    • $415,000
      Pending

      Throop Mixed-Use Commercial Building

      Commercial building with storefront and residential units in Throop.
      717 Center St, Scranton, PA 18512
      View Details
    • $850,000
      3,900 SF

      Turnkey Restaurant, Bar, and Catering

      Established restaurant, bar, and catering business with equipment and liquor license.
      411 Chestnut St, Dunmore, PA 18512
      View Details
    • New
      $175,000
      1,746 SF

      Dunmore Three-Unit Investment Opportunity

      Three-unit property in Dunmore, PA, close to amenities and commuter routes.
      609 E Drinker St, Dunmore, PA 18512
      View Details
    • $252,400
      1,776 SF

      Dunmore Multifamily Property For Sale

      Two-unit apartment or single-family home in Dunmore, Pennsylvania.
      812 Butler St, Dunmore, PA 18512
      View Details
    • $239,999
      Pending

      Dunmore Multifamily Investment Opportunity

      Turnkey, cash-flowing two-unit property with potential for a third unit.
      322 Oak St, Scranton, PA 18512
      View Details
    • $187,500
      1,850 SF

      Throop Duplex: Investment Opportunity

      Up-and-down duplex in Throop, PA, near Dunmore line.
      116 Dunmore St, Throop, PA 18512
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      6,400 SF

      Dunmore Office Building - 6400 SF

      Prime Dunmore office space, ample parking, flexible layout.
      1300 Wheeler Ave, Dunmore, PA 18512
      View Details
    • Contact for pricing
      23,850 SF

      Prime Dunmore Commercial Space

      23,850 SF Retail/Office - Highway Commercial Zoning
      1010 Harry P O'neill Hwy, Dunmore, PA 18512
      View Details
    • Contact for pricing
      5,200 SF

      Retail Space in Dunmore, PA

      5,200 SF retail space available for lease.
      222 E Drinker St, Dunmore, PA 18512
      View Details
    • $1,800 /Mo
      2,700 SF

      Dunmore Office Space For Rent

      New office space in Dunmore with hardwood floors and parking.
      305 E Drinker St, Dunmore, PA 18512
      View Details
    • $23 SF/Yr
      4,545 SF

      Dunmore Corner Property For Rent

      6,610 SF building on 0.57 acres in Dunmore, PA
      300-306 S Blakely St, Dunmore, PA 18512
      View Details
    • New
      $9 SF/Yr
      6,700 SF

      Dunmore Office Building For Rent

      Office building in Dunmore, PA with flexible floorplan.
      1300 Wheeler Ave, Dunmore, PA 18512
      View Details
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    131 Smith St
    Dunmore, PA 18512-2392
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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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