Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    205 Park Ave Wilkes Barre, PA 18702-4928
    Back to Search
    Property profile & analytics

    205 Park Ave, Wilkes Barre, PA 18702-4928

    View on Map
    • Investment properties
    • 1,964 SF
    • 0.04 lot acres
    Off-Market
    Last Sale Sep 30, 2024
    Property ID
    US73-1339518
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Legandary Collins Barbershop / Barber Shop
    • Collins Barbershop / Barber Shop

    Property Details for 205 Park Ave

    Lot size
    0.04 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    73-I9NE2-022-019
    APU
    73I9NE2022019

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 30, 2024 — Robert Matthew Collins Christie Collins Deed · related —
    Feb 25, 2021 $30,000 Christie Collins Beverly Collins Deed · related —
    — — Beverly Collins — Deed Of Trust · related $25k · Pnc Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilkes Barre
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.8857
    Latitude
    41.2354
    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
    2023
    $1,859
    $16,000
    $59,000
    $75,000
    -
    $16,000
    $59,000
    $75,000

    Comparable in this City

    • Value Estimation by Request
      1.37 Acres

      Mundy St

      OFFICE/RESIDENTIAL (MIXED USE)
      Mundy St, Wilkes Barre, PA 18702
      View Details
    • Value Estimation
      $520,000
      0.89 Acres

      5 Sherman St

      OFFICE/RESIDENTIAL (MIXED USE)
      5 Sherman St, Wilkes Barre, PA 18702-5945
      View Details
    • Value Estimation by Request
      1.51 Acres

      Laird St

      OFFICE/RESIDENTIAL (MIXED USE)
      Laird St, Wilkes Barre, PA 18702
      View Details
    • Value Estimation by Request
      0.46 Acres

      247 Carey Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      247 Carey Ave, Wilkes Barre, PA 18702-2121
      View Details
    • Value Estimation by Request
      1,088 SF

      211 Kidder St

      OFFICE/RESIDENTIAL (MIXED USE)
      211 Kidder St, City Of Wilkes Barre, PA 18702-5420
      View Details
    • Value Estimation by Request
      1,480 SF

      79 Bowman St

      OFFICE/RESIDENTIAL (MIXED USE)
      79 Bowman St, Wilkes Barre, PA 18702-5401
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale, featuring 136,645 square feet.
      441 Wilkes Barre Township Blvd, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing
      20,727 SF

      Commercial Building on Main Street

      20,727 SF building with garage, office, and retail space.
      540 S Main St, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing

      Retail Space Near Wyoming Valley

      Retail space available in high-visibility location near Wyoming Valley.
      277 Mundy St, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing

      Union Center Retail Opportunity

      Retail spaces available in redeveloped, highly visible Union Center.
      910 Wilkes-Barre Township Blvd, Wilkes Barre, PA 18702
      View Details
    • $45,000
      0.70 Acres

      Wooded Land in Wilkes-Barre

      0.7 acre wooded lot with creek in Wilkes-Barre, PA.
      Westminster Rd, Wilkes Barre, PA 18702
      View Details
    • $1,000,000
      7,200 SF

      Renovated Multifamily Investment Opportunity

      Turn-key, renovated 8-unit apartment building in Wilkes-Barre, Pennsylvania.
      2-4 S Empire St, Wilkes Barre, PA 18702
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Near Wyoming Valley Mall

      Commercial land for rent near Wyoming Valley Mall.
      Mundy St, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing
      2,988 SF

      Retail Space in Wilkes Barre

      Retail property available for lease with 2988 square feet.
      1020 Wilkes Barre Township Blvd, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing

      Class A Office Suites Available

      Strategically located office suites available for lease in Plains Township.
      1065 Pennsylvania 315, Wilkes Barre, PA 18702
      View Details
    • $9,814 /Mo
      33,650 SF

      Functional Industrial Space in Wilkes-Barre

      33,000 SF industrial space suitable for warehouse, manufacturing, office.
      373 High St, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing
      14,931 SF

      Retail Space in Wilkes Barre

      Retail property available for lease in Wilkes Barre, Pennsylvania.
      272 East End Ctr, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing

      Class A Office Space Available

      Superior office space for lease in Wilkes-Barre, Pennsylvania.
      613 Baltimore Dr, Wilkes Barre, PA 18702
      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.
    205 Park Ave
    Wilkes Barre, PA 18702-4928
    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

    Thank You for Inquiry
    205 Park Ave, Wilkes Barre, PA, 18702
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!