Back to Search
Property profile & analytics
OFF-MARKET
Warehouses
151 Market St Wilkes Barre, PA 18702
Entity Owned
10-yr Hold
Free & Clear
Property ID
US73-2103866
Property summary
AI-generated overview
This exceptional 97,200-square-foot warehouse, located at 151-155 E Market St in Wilkes-Barre, Pennsylvania, presents a significant opportunity. Situated on a 0.71-acre lot, this four-story building boasts a spacious layout perfect for various industrial uses. Constructed in 1997, the property features three loading docks, ensuring efficient goods movement. The high ceilings, measuring 12 feet, provide ample vertical space for storage and operations. The building is currently fully vacant, offering immediate occupancy for a single large tenant or the potential for multiple tenants. The property includes elevators for convenient vertical transportation within the building. Zoned C-4 Heavy Commercial, this location in Luzerne County offers excellent access to major transportation routes. With its substantial size, strategic location, and versatile design, this warehouse is an exceptional investment opportunity. The property's address is 151-155 E Market St, Wilkes-Barre, PA 18702. The building is divided into four suites.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Lot
0.69 ac (30,056 SF)
APN
73-H10SW4-015-002
UPID
US73-2103866
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Greenspace Delaware 40 LLC · 10 yrs held
Greenspace Delaware 40 LLC
since 2015
3 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$27,068
Tax year 2023
Assessed value
$1,092,000
Assessed 2024
Previous assessed
$1,092,000
+0.0% YoY
Effective rate
2.48%
On assessed value
Assessed land
$73,900
Assessed improvement
$1,018,100
Land market value
$73,900
Improvement market value
$1,018,100
Total market value
$1,092,000
Applied tax rate
73.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Lot
0.69 ac (30,056 SF)
APN
73-H10SW4-015-002
UPID
US73-2103866
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
0.69 ac
Current owner
From public records · entity-resolved
Greenspace Delaware 40 LLC
Entity
Free & Clear · 10 yrs held
Mailing address
316 LINDEN ST, WEST PITTSTON, PA 18643-2345
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2020
—
Greenspace Delaware 40 LLC
—
Deed
related
$746,400 · Fncb Bank
Dec 15, 2015
$800,000
Greenspace Delaware 40 LLC
Clifford K Melberger
Deed
—
—
—
Melberger,clifford K & Ruth B
—
Deed Of Trust
related
$950,000 · Wayne 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 151 Market St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
