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Property profile & analytics
OFF-MARKET
Auto shops
204 Spg St Wilkes Barre, PA 18702-5564
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-1185743
Property summary
AI-generated overview
This 2,100 square foot industrial flex space, located at 204 Spring Street in Wilkes-Barre Township, Pennsylvania, presents a fantastic opportunity for a variety of businesses. Previously used as an automotive shop, the building offers considerable versatility. The property features two dock-high doors, making loading and unloading efficient and convenient. Its single-tenant occupancy provides privacy and control. Situated in Luzerne County, this prime location offers excellent accessibility and visibility for any business. The property's adaptability makes it suitable for warehouse operations, automotive-related businesses, or a range of other commercial uses. An adjacent property (MLS# 24-2683) is also available for lease, providing the potential for expansion or additional operational space. This presents a unique opportunity to secure a substantial footprint in a thriving commercial area. The zip code is 18702. The property is ready for immediate occupancy. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Lot
0.33 ac (14,375 SF)
APN
73-H10SW2-007-023
UPID
US73-1185743
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
Suhair F Rabie Properties LLC · 3 yrs held
Suhair F Rabie Properties LLC
since 2023
4 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
$1,614
Tax year 2023
Assessed value
$65,100
Assessed 2024
Previous assessed
$65,100
+0.0% YoY
Effective rate
2.48%
On assessed value
Assessed land
$8,700
Assessed improvement
$56,400
Land market value
$8,700
Improvement market value
$56,400
Total market value
$65,100
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Heating
NONE
Lot
0.33 ac (14,375 SF)
APN
73-H10SW2-007-023
UPID
US73-1185743
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
0.33 ac
Current owner
From public records · entity-resolved
Suhair F Rabie Properties LLC
Entity
Mailing address
194 PATRIOTS RD, MORRIS PLAINS, NJ 07950-1141
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2023
—
Suhair F Rabie Properties LLC
Suhair Rabie
Deed
—
Jan 6, 2023
—
Suhair Rabie
Suhair Rabie
Intrafamily Transfer
related
—
—
—
Nidal M Shella
—
Deed Of Trust
related
$100,000 · Darcy J Gollhardt
—
—
Nidal M Shella
—
Deed Of Trust
related
$28,000 · Luzerne Bank
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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