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

    2521 Main Ave Scranton, PA 18508-1605

    • Investment properties
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0196044
    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

    • Relax Day Spa / Massage Therapist

    Property Details for 2521 Main Ave

    Lot size
    0.11 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    13501020015
    APU
    13501020015

    Description

    This exceptional mixed-use property at 2521 N Main Avenue, Scranton, PA presents a compelling investment opportunity. Boasting a total of 2,717 square feet on a 0.01-acre lot, this building offers versatile commercial space on the ground floor, perfectly suited for retail or office use. Its prime location ensures high visibility and excellent foot traffic, maximizing potential for business success. Upstairs, a spacious four-bedroom apartment provides significant rental income potential or comfortable living quarters for an owner-occupant. The current configuration allows for a seamless blend of work and residential life, ideal for entrepreneurs. Alternatively, the entire building could be converted into residential units, further enhancing its investment appeal. The asking price is $279,999. This property is situated in Scranton, PA, offering a strong foundation for a profitable venture, whether focused on rental income, business operations, or a combination of both. The commercial space's adaptability allows for a wide range of uses, making it an attractive option for various business models. The substantial size of the apartment ensures comfortable living and strong rental prospects. Don't miss this chance to acquire a valuable asset in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.6453
    Latitude
    41.4423
    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
    $3,654
    $2,150
    $10,150
    $12,300
    -
    $2,150
    $10,150
    $12,300

    Comparable in this City

    • Value Estimation
      $245,000
      0.29 Acres

      1831 1835th N Main Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.29 Acres
      1831 1835th N Main Ave, Scranton, PA 18508
      View Details
    • Value Estimation
      $255,000
      0.32 Acres

      1523 Main Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.32 Acres
      1523 Main Ave, Scranton, PA 18508-1848
      View Details
    • Value Estimation
      $75,000
      0.04 Acres

      2436 Main Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.04 Acres
      2436 Main Ave, Scranton, PA 18508-2067
      View Details
    • Value Estimation
      $240,000
      0.25 Acres

      524 Ct St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.25 Acres
      524 Ct St, Scranton, PA 18508-2284
      View Details
    • Value Estimation
      $120,000
      0.08 Acres

      121 Ferdinand St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.08 Acres
      121 Ferdinand St, Scranton, PA 18508-1967
      View Details
    • Value Estimation
      $240,000
      0.08 Acres

      1828 Main Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.08 Acres
      1828 Main Ave, Scranton, PA 18508-1932
      View Details

    Similar Nearby for Sale

    • $299,900
      4,880 SF

      Multi-Use Residence/Business Opportunity

      Multi-use property with residence, car repair garage, and bocce court.
      1430 N Main Ave, Scranton, PA 18508
      View Details
    • $249,000
      3,200 SF

      Scranton Mixed-Use Investment Opportunity

      Three-unit building, high visibility, strong income potential.
      1618 Main Ave, Scranton, PA 18508
      View Details
    • $220,000
      945 SF

      Scranton Mixed-Use Commercial Property

      High-traffic location, ample parking, versatile space.
      2726 Main Ave, Scranton, PA 18508
      View Details
    • $299,900
      1,626 SF

      Multi-Use Residence/Business with Garage

      Multi-use property with car repair garage and unique lower level.
      1430 N Main Ave, Scranton, PA 18508
      View Details
    • $1,500,000
      3,600 SF

      Thriving Vape Business - Scranton, PA

      Turn-key Vape Shop, High Traffic Location
      816 Scranton Carbondale Hwy, Scranton, PA 18508
      View Details
    • Contact for pricing

      Land Lot on N Main

      Prime land lot in high-demand Scranton area.
      2700 N Main Ave, Scranton, PA 18508
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      3,263 SF

      Retail Space Available For Rent

      Retail space available for lease in Scranton, Pennsylvania.
      1822 N Main Ave, Scranton, PA 18508
      View Details
    • $12 SF/Yr
      4,000 SF

      Scranton Retail Space: 4,000 SF

      Prime Scranton retail space, 4,000 sq ft, 14 parking spaces.
      730 Oak St, Scranton, PA 18508
      View Details
    • Contact for pricing
      10,000 SF

      Viewmont Mall Retail Outparcel

      High-traffic Scranton retail space available.
      100 Viewmont Mall, Scranton, PA 18508
      View Details
    • $5,000 /Mo
      6,200 SF

      Retail Space Near Dunkin Donuts

      6,200 sq ft commercial space next to Dunkin Donuts.
      1337 N Main Ave, Scranton, PA 18508
      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.
    2521 Main Ave
    Scranton, PA 18508-1605
    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.