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Property profile & analytics
FOR LEASE
Office buildings
613 Baltimore Dr Wilkes Barre, PA 18702
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-2431223
For Lease
1 / 10
Contact for pricing
613 Baltimore Dr, Wilkes Barre, PA 18702
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Lot
5.34 ac (232,610 SF)
APN
50-H11-00A-048
UPID
US73-2431223
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bankers Life Financial Advisor
-
Eastern Insurance Group Insurance Agency
-
Uma Lewis, Bankers Life Agent Insurance Agency
-
Brandon Garnett, Bankers Life Agent Insurance Agency
-
Janney Montgomery Scott LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Robert Pickett · 4 yrs held
Robert Pickett
since 2021
Last sale
$58,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wilkes Barre submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilkes Barre submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$138,903
Tax year 2023
Assessed value
$5,191,200
Assessed 2024
Previous assessed
$5,191,200
+0.0% YoY
Effective rate
2.68%
On assessed value
Assessed land
$611,400
Assessed improvement
$4,579,800
Land market value
$611,400
Improvement market value
$4,579,800
Total market value
$5,191,200
Applied tax rate
50.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Heating
NONE
Lot
5.34 ac (232,610 SF)
APN
50-H11-00A-048
UPID
US73-2431223
Jurisdiction
LUZERNE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
5.34 ac
Current owner
From public records · entity-resolved
Robert Pickett
Individual
Mailing address
613 BALTIMORE DR, WILKES BARRE, PA 18702-7902
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2021
$58,000
Robert Pickett
Curtis M James
Deed
—
May 11, 2021
$45,000
L & J Investments Of Pa LLC
Brandon Gray
Deed
—
Jul 22, 2019
—
Kasaka Realty L P
—
Deed
related
$6,000,000 · Landmark Community Bank
Jan 9, 2015
$6,000,000
Kasaka Realty LP
Paul Francis Realty LP
Deed
$7,200,000 · M & T Bank
Oct 2, 2009
—
Paul-francis Realty
—
Deed Of Trust
related
$1,500,000 · First National Community Bank
—
—
Paul-francis Realty
—
Deed Of Trust
related
$4,300,000 · First National Community Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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