Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    502 Blakely St Dunmore, PA 18512

    Property Lookup

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

    502 Blakely St Dunmore, PA 18512

    View on Map
    • Office properties & Spaces
    • 3,200 SF
    • 0.33 lot acres
    For Sale
    $399,000
    View Listing →
    Dunmore Office Building - Huge Potential For Sale
    $399,000
    3,200 SF

    Dunmore Office Building - Huge Potential

    Versatile 3,200 sq ft office, 0.33 acre lot.

    Scranton, PA 18512
    View Listing
    Property ID
    US73-0467025
    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

    • Office properties & Spaces

    Property Details for 502 Blakely St

    Year built
    1895
    Lot size
    0.33 lot acres
    Property size
    3,200 SF
    Property type
    Office properties & Spaces

    Description

    This exceptional 3,200 square foot commercial property located at 502 S Blakely Street, Dunmore, PA, presents a unique investment opportunity. Currently configured as an office space, this building boasts a recently installed roof and beautifully preserved original hardwood floors. Its adaptability is a key selling point

    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
    Dunmore
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.63563
    Latitude
    41.4173

    Comparable in this City

    • $249,000
      7,601 SF

      Spacious Commercial Building in Throop

      Two-story, 7,601 SF commercial building in prime location.
      639 Sanderson St, Throop, PA 18512
      View Details
    • $565,000

      Well-Maintained Office Building For Sale

      Single-story office building with multi-tenant potential near Interstate 81.
      32 Line St, Dunmore, PA 18512
      View Details
    • $7,739,000

      Vacant Industrial Land For Sale

      77.39+/- acres of vacant industrial land for sale.
      154 University Dr, Dunmore, PA 18512
      View Details
    • $305,000
      3,344 SF

      Spacious Multi-Unit Building in Dunmore

      Three-unit building with spacious rooms and a large rear yard.
      710 Smith St, Dunmore, PA 18512
      View Details
    • Contact for pricing
      4,545 SF

      Dunmore Corner Property For Rent

      6,610 SF building on 0.57 acres in Dunmore, PA
      300-306 S Blakely St, Dunmore, PA 18512
      View Details
    • $279,900
      7,000 SF

      Throop Warehouse/Storage Facility For Sale

      7,000 SF warehouse/storage facility in Throop, PA for sale.
      531 George St, Scranton, PA 18512
      View Details

    Similar Nearby for Sale

    • $249,000
      7,601 SF

      Spacious Commercial Building in Throop

      Two-story, 7,601 SF commercial building in prime location.
      639 Sanderson St, Throop, PA 18512
      View Details
    • $565,000

      Well-Maintained Office Building For Sale

      Single-story office building with multi-tenant potential near Interstate 81.
      32 Line St, Dunmore, PA 18512
      View Details
    • $7,739,000

      Vacant Industrial Land For Sale

      77.39+/- acres of vacant industrial land for sale.
      154 University Dr, Dunmore, PA 18512
      View Details
    • $305,000
      3,344 SF

      Spacious Multi-Unit Building in Dunmore

      Three-unit building with spacious rooms and a large rear yard.
      710 Smith St, Dunmore, PA 18512
      View Details
    • Contact for pricing
      4,545 SF

      Dunmore Corner Property For Rent

      6,610 SF building on 0.57 acres in Dunmore, PA
      300-306 S Blakely St, Dunmore, PA 18512
      View Details
    • $350,000
      2,158 SF

      Dunmore Restaurant with Liquor License

      Established eatery, high traffic, great exposure.
      215 Drinker St, Dunmore, PA 18512
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      6,700 SF

      Dunmore Office Building For Rent

      Office building in Dunmore, PA with flexible floorplan.
      1300 Wheeler Ave, Dunmore, PA 18512
      View Details
    • $8 SF/Yr
      6,700 SF

      Dunmore Office Space For Rent

      Office space in brick building with flexible floorplan and parking.
      1300 Wheeler Ave, Dunmore, PA 18512
      View Details
    • $1,000 /Mo
      1,199 SF

      Renovated Commercial Space with Parking

      Modern, renovated commercial space with parking in Throop, PA.
      319 George St, Throop, PA 18512
      View Details
    • Contact for pricing

      Brick Building with Flexible Floorplan

      Office building featuring a flexible floorplan and ample parking.
      1300 Wheeler Ave, Dunmore, PA 18512
      View Details
    • Contact for pricing

      Distribution/Manufacturing Space for Lease

      100,200 SF build-to-suit distribution/manufacturing space for lease.
      100 Keystone Industrial Park Rd, Dunmore, PA 18512
      View Details
    • $11 SF/Yr
      4,000 SF

      Dunmore Retail Building with Drive-Thru

      Modern retail building with drive-thru in high-traffic area.
      311 S Blakely St, Dunmore, PA 18512
      View Details
    View Listing
    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.
    502 Blakely St
    Dunmore, PA 18512
    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.
    Sign Up Successful!
    You now have access to more from Realmo!