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

    264 Highland Park Blvd Wilkes Barre, PA 18702-6711

    • Office buildings
    • 4.66 lot acres
    OFF-MARKET
    Last Sale
    Oct 31, 2025
    $8,500,000
    Value Estimations
    $8,500,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-5404260
    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

    • Sundance Vacations / Travel Agency
    • The Great Dumpster Rental Wilkes-Barre / General Contractor / Waste Management Facility
    • Electric Vehicle Charging Station / Electric Vehicle Charging Station
    • Commonwealth Charter Academy / High School
    • Delray Capital Funding / Financial Advisor

    Property Details for 264 Highland Park Blvd

    Lot size
    4.66 lot acres
    Property type
    Office buildings
    APN
    69-H10-00A-18K
    APU
    69H1000A18K

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilkes Barre
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.8513
    Latitude
    41.2409
    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
    $88,788
    $1,398,000
    $1,892,000
    $3,290,000
    -
    $1,398,000
    $1,892,000
    $3,290,000

    Comparable in this City

    • Value Estimation
      $1,225,000
      0.30 Acres

      Rte 309

      OFFICE BUILDING (MULTI-STORY) • 0.30 Acres
      Rte 309, Wilkes Barre, PA 18702
      View Details
    • Value Estimation by Request
      6.50 Acres

      1155 Mtn Blvd

      OFFICE BUILDING (MULTI-STORY) • 6.50 Acres
      1155 Mtn Blvd, Bear Creek Township, PA 18702-7906
      View Details
    • Value Estimation by Request
      0.33 Acres

      450 Carey Ave

      OFFICE BUILDING (MULTI-STORY) • 0.33 Acres
      450 Carey Ave, Wilkes Barre, PA 18702-2118
      View Details
    • Value Estimation by Request
      0.67 Acres

      23 Casey Ave

      OFFICE BUILDING (MULTI-STORY) • 0.67 Acres
      23 Casey Ave, Wilkes Barre, PA 18702-7401
      View Details
    • Value Estimation by Request
      0.13 Acres

      19 Darling St

      OFFICE BUILDING (MULTI-STORY) • 0.13 Acres
      19 Darling St, Wilkes Barre, PA 18702-2510
      View Details
    • Value Estimation by Request
      5.34 Acres

      613 Baltimore Dr

      OFFICE BUILDING (MULTI-STORY) • 5.34 Acres
      613 Baltimore Dr, Wilkes Barre, PA 18702-7902
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8 SF

      8.6 Acre Development Site

      8.6 acre development site with existing warehouse space.
      Wilkes Barre, PA 18702
      View Details
    • Contact for pricing
      5,920 SF

      Retail Opportunity in Major Corridor

      Retail property in a major retail corridor.
      291 Mundy St, Wilkes Barre Township, PA 18702
      View Details
    • Contact for pricing

      Prime Retail Development Opportunity

      62-acre parcel for retail development near I-81 and Route 309.
      309 & I-81 Rte, Wilkes Barre, PA 18702
      View Details
    • $2,650,000
      49,962 SF

      Industrial Manufacturing Facility Near I-81

      49,962 SF industrial facility with manufacturing and office space.
      120 Hazle St, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing
      40,032 SF

      Apartment Building with Retail Space

      33 apartments, 5,000 SF retail, and parking garage.
      216 North River St, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing

      Residential Land in Wilkes-Barre, PA

      Vacant land near amenities in Wilkes-Barre, Pennsylvania.
      174 Kidder St, Wilkes Barre, PA 18702
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Executive Office Space, Wilkes-Barre

      Prime Wilkes-Barre office, 600 SF available.
      350 Laird St, Wilkes-Barre, PA 18702
      View Details
    • Contact for pricing
      59,417 SF

      Class A Office Space Available

      Superior office space for lease in Wilkes-Barre, Pennsylvania.
      613 Baltimore Dr, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing
      52,000 SF

      Class A Office Suites Available

      Strategically located office suites available for lease in Plains Township.
      1065 Pennsylvania 315, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing
      3,500 SF

      Office Space in Wilkes-Barre Township

      Office space available for lease in Wilkes-Barre Township, PA.
      150 Mundy St, Wilkes Barre Township, PA 18702
      View Details
    • Contact for pricing
      52,800 SF

      Flex and Industrial Warehouse Space

      Flex and industrial warehouse space available for rent.
      300 Laird St, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing
      52,800 SF

      Laird Street Flex Warehouse Space

      11,000 SF Flex Space Available in Wilkes-Barre
      300 Laird St, 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.
    264 Highland Park Blvd
    Wilkes Barre, PA 18702-6711
    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.