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

    563 Carey Ave Wilkes Barre, PA 18702-1500

    • Investment properties
    • 0.18 lot acres
    OFF-MARKET
    Last Sale
    Jun 15, 2021
    $169,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2243147
    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

    • 2 Iglesia cristiana Dios es Fiel / Church

    Property Details for 563 Carey Ave

    Lot size
    0.18 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    73-I9NW2-002-017
    APU
    73I9NW2002017

    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
    -75.9155
    Latitude
    41.2367
    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
    $3,012
    $20,800
    $100,700
    $121,500
    -
    $20,800
    $100,700
    $121,500

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      400 Hazle St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.12 Acres
      400 Hazle St, Wilkes Barre, PA 18702-4623
      View Details
    • Value Estimation by Request
      0.04 Acres

      371 Empire St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.04 Acres
      371 Empire St, Wilkes Barre, PA 18702-6100
      View Details
    • Value Estimation by Request
      1,184 SF

      184 Lawrence St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,184 SF
      184 Lawrence St, Wilkes Barre, PA 18702-1567
      View Details
    • Value Estimation by Request
      1,152 SF

      257 Pennsylvania Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,152 SF
      257 Pennsylvania Ave, Wilkes Barre, PA 18702-4412
      View Details
    • Value Estimation by Request
      1,728 SF

      7 Walnut St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,728 SF
      7 Walnut St, Wilkes Barre, PA 18702-7605
      View Details
    • Value Estimation by Request
      784 SF

      10 Walnut St

      OFFICE/RESIDENTIAL (MIXED USE) • 784 SF
      10 Walnut St, Wilkes Barre, PA 18702-7606
      View Details

    Similar Nearby for Sale

    • $575,000
      5,260 SF

      Mixed-Use Property in Wilkes Barre

      Mixed-use property with income potential in Wilkes-Barre Township, PA.
      105 Casey Ave, Wilkes Barre Township, PA 18702
      View Details
    • Contact for pricing
      6,145 SF

      Mundy Street Commercial Property Available

      High-visibility 2.54-acre corner lot with modern 6,145 SF building.
      290 Mundy St, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing

      Retail Hub Shopping Center

      100% leased shopping center in Wilkes-Barre retail hub.
      251 Mundy St, Wilkes Barre, PA 18702
      View Details
    • $569,000
      5,304 SF

      Modern Wilkes-Barre Multifamily Investment

      Four-unit building with coin-op laundry and off-street parking.
      75 Melrose Ave, Wilkes Barre, PA 18702
      View Details
    • $159,500
      Pending

      Two-Unit Home in Wilkes-Barre

      Multi-family property with two units, each featuring two bedrooms.
      179 Horton St, Wilkes Barre, PA 18702
      View Details
    • $525,000

      32.65 Acre Woodland Estate Property

      32.65 acre woodland property with stream near Wilkes-Barre, PA.
      Hillbrook Dr, Wilkes Barre, PA 18702
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,395 SF

      Wilkes-Barre Township Retail Space

      1,395 SF Retail Space - Excellent Location
      277 Mundy St, Wilkes-Barre Township, 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

      Land Near Wyoming Valley Mall

      Commercial land for rent near Wyoming Valley Mall.
      Mundy St, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing
      20,750 SF

      Wilkes-Barre Retail Plaza Investment

      Prime Wilkes-Barre retail space available.
      200-210 Wilkes Barre Township Blvd, Wilkes-Barre Township, PA 18702
      View Details
    • Contact for pricing
      30,000 SF

      Prime Commercial Land Opportunity

      1.5-acre commercial land for lease near major retailers.
      308 Wilkes-Barre Township Blvd, Wilkes Barre, PA 18702
      View Details
    • Contact for pricing
      16,080 SF

      Wilkes-Barre Township Retail Space

      Retail space available for lease in Wilkes-Barre Township, PA.
      2150-2198 Wilkes Barre Township Blvd, Wilkes Barre Township, 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.
    563 Carey Ave
    Wilkes Barre, PA 18702-1500
    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.