Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1341 Main Ave Scranton, PA 18504

    • Super regional malls
    • 16.26 lot acres
    For Lease
    View listing
    Last Sale
    Aug 06, 2021
    $400,000
    Value Estimations
    $415,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2664607
    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

    • The Early Learning Garden LLC / Preschool
    • Subway / Takeout Restaurant / Restaurant
    • GameStop / Electronics Store / Collectibles Store
    • Aldo's Pizza 2 / Pizza Restaurant
    • 10X Fitness / Fitness Center

    Property Details for 1341 Main Ave

    Year built
    2010
    Lot size
    16.26 lot acres
    Property type
    Super regional malls
    APN
    15617050002
    APU
    15617050002

    Description

    Taylor Commons, a dominant Scranton, PA retail center, offers 254,848 square feet of space. This Super Walmart-anchored shopping center boasts a prime location on S Main Ave (16,050 vehicles per day) in Lackawanna County. Four spaces are currently available, ranging from 2,500 to 130,680 square feet. The center benefits from excellent visibility and accessibility, with convenient access to the PA Turnpike (Rt. 476) (10,000 VPD) and I-81 (75,300 VPD), featuring signalized access. Strong co-tenancy includes national brands such as Tractor Supply Company, Dollar Tree, Great Clips, and Subway, creating a high-traffic, destination shopping environment. This property serves as a key retail hub in the Greater Scranton market, offering significant potential for businesses seeking a high-traffic location with established national brands. The property's address is 1341 S Main Ave, Scranton, PA 18504.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $415,000
      ML approach
      $475,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.6873
    Latitude
    41.3936
    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
    $146,183
    $25,580
    $654,500
    $680,080
    -
    $25,580
    $654,500
    $680,080

    Comparable in this City

    • Value Estimation
      $1,450,000
      1.15 Acres

      832 Scranton St

      REGIONAL SHOPPING CENTER, MALL • 1.15 Acres
      832 Scranton St, Scranton, PA 18504
      View Details
    • Value Estimation
      $1,200,000
      1.47 Acres

      635 Luzerne St

      REGIONAL SHOPPING CENTER, MALL • 1.47 Acres
      635 Luzerne St, Scranton, PA 18504-2657
      View Details
    • Value Estimation
      $5,500,000
      7.82 Acres

      1510 Main Ave

      REGIONAL SHOPPING CENTER, MALL • 7.82 Acres
      1510 Main Ave, Scranton, PA 18504-3216
      View Details
    • Value Estimation
      $305,000
      4.65 Acres

      601 Luzerne St

      REGIONAL SHOPPING CENTER, MALL • 4.65 Acres
      601 Luzerne St, Scranton, PA 18504
      View Details
    • Value Estimation
      $410,000
      2.93 Acres

      600 Luzerne St

      REGIONAL SHOPPING CENTER, MALL • 2.93 Acres
      600 Luzerne St, Scranton, PA 18504-2627
      View Details
    • Value Estimation
      $1,015,000
      0.91 Acres

      409 Main Ave

      REGIONAL SHOPPING CENTER, MALL • 0.91 Acres
      409 Main Ave, Scranton, PA 18504-1798
      View Details

    Similar Nearby for Sale

    • $289,000
      2,881 SF

      Victorian House Zoned Commercial

      Three-story Victorian in West Side, currently upscale salon/spa.
      924 S Main Ave, Scranton, PA 18504
      View Details
    • New
      $569,900
      Pending

      Versatile Commercial Building with Expansion Potential

      3,000 sq ft multi-use building with fenced lot.
      251 Meridian Ave, Scranton, PA 18504
      View Details
    • $289,000
      3,300 SF

      Victorian House Zoned Commercial

      Three-story Victorian house in the West Side, currently a salon.
      924 S Main Ave, Scranton, PA 18504
      View Details
    • $625,000
      1,568 SF

      Scranton Retail/Automotive Opportunity

      Gas station/convenience mart opportunity in Scranton, PA.
      401 Meridian Ave, Scranton, PA 18504
      View Details
    • $279,900
      1,800 SF

      Retail Building with Greenhouses

      Commercial building with retail space, office, and greenhouses.
      1010 W Lacka Ave, Scranton, PA 18504
      View Details
    • Contact for pricing
      0.10 Acres

      Residential Land in Scranton, PA

      Land for sale near Keyser Avenue, Scranton.
      2749 Jackson St, Scranton, PA 18504
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      254,848 SF

      Taylor Commons Retail Center

      Scranton, PA Retail Power Center, 4 Spaces Available
      1341 Main Ave, Scranton, PA 18504
      View Details
    • Contact for pricing
      68,894 SF

      Retail Space in Scranton

      Retail property for lease in Scranton, Pennsylvania.
      1510 S Main Ave, Scranton, PA 18504
      View Details
    • Contact for pricing
      68,894 SF

      Prime Taylor Warehouse - 68,894 SF

      Spacious warehouse, ideal for various uses. High ceilings, ample parking.
      1510 Main Ave, Taylor, PA 18504
      View Details
    • $10 SF/Yr
      8,500 SF

      Scranton Retail Building For Sale

      8,500 SF Free-Standing Retail Space
      1001 Main Ave, Scranton, PA 18504
      View Details
    • $1,250 /Mo
      1,250 SF

      Scranton Commercial Space For Rent

      Commercial space in Scranton, PA, suitable for various businesses.
      1026 Jackson St, Scranton, PA 18504
      View Details
    • $1,400 /Mo
      3,600 SF

      Scranton Commercial Space For Lease

      Commercial space available for lease in Scranton, Pennsylvania.
      1111 Jackson St, Scranton, PA 18504
      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.
    1341 Main Ave
    Scranton, PA 18504
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.