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    627 Carey Ave Wilkes Barre, PA 18702
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    627 Carey Ave, Wilkes Barre, PA 18702

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    • Investment properties
    • 2,520 SF
    • 0.11 lot acres
    For Sale
    $273,800
    View Listing →
    Updated Duplex in Wilkes-Barre City For Sale
    $273,800
    2,520 SF

    Updated Duplex in Wilkes-Barre City

    Move-in ready 2-unit property, ideal for investors or owner-occupants.

    627 Carey Avenue, Wilkes Barre, PA 18702
    View Listing
    Property ID
    US73-1882393
    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

    • DMC Graphics / (Bike/Boat/Book/etc) Store / Printing Service

    Property Details for 627 Carey Ave

    Lot size
    0.11 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    73-I9NW2-021-006
    APU
    73I9NW2021006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 13, 2025 $172,500 Lb Properties Holdings Pa LLC Donna M Cupinski Deed $177k · Abl Rpc Residential Credit Acquisit

    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
    Wilkes Barre
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.9172
    Latitude
    41.2354
    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
    $1,363
    $13,300
    $41,700
    $55,000
    -
    $13,300
    $41,700
    $55,000

    Comparable in this City

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      2.23 Acres

      450 Wilkes Barre Township Blvd

      OFFICE/RESIDENTIAL (MIXED USE)
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      0.12 Acres

      103 Park Ave

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      138 Dagobert St

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      645 Hazle St

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      465 Riv St

      OFFICE/RESIDENTIAL (MIXED USE)
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      Land For Sale

      Land available for sale, featuring 136,645 square feet.
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      20,727 SF

      Commercial Building on Main Street

      20,727 SF building with garage, office, and retail space.
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      Retail Space Near Wyoming Valley

      Retail space available in high-visibility location near Wyoming Valley.
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      Union Center Retail Opportunity

      Retail spaces available in redeveloped, highly visible Union Center.
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    • $45,000
      0.70 Acres

      Wooded Land in Wilkes-Barre

      0.7 acre wooded lot with creek in Wilkes-Barre, PA.
      Westminster Rd, Wilkes Barre, PA 18702
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    • $1,000,000
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      Renovated Multifamily Investment Opportunity

      Turn-key, renovated 8-unit apartment building in Wilkes-Barre, Pennsylvania.
      2-4 S Empire St, Wilkes Barre, PA 18702
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    Similar Nearby for Lease

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      Land Near Wyoming Valley Mall

      Commercial land for rent near Wyoming Valley Mall.
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      Retail Space in Wilkes Barre

      Retail property available for lease with 2988 square feet.
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      Class A Office Suites Available

      Strategically located office suites available for lease in Plains Township.
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    • $9,814 /Mo
      33,650 SF

      Functional Industrial Space in Wilkes-Barre

      33,000 SF industrial space suitable for warehouse, manufacturing, office.
      373 High St, Wilkes Barre, PA 18702
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      14,931 SF

      Retail Space in Wilkes Barre

      Retail property available for lease in Wilkes Barre, Pennsylvania.
      272 East End Ctr, Wilkes Barre, PA 18702
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      Class A Office Space Available

      Superior office space for lease in Wilkes-Barre, Pennsylvania.
      613 Baltimore Dr, Wilkes Barre, PA 18702
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    Property Visit Statistics

    • Visits by month
      24.1k
    • Visitors by month
      11.4k
    • Avg Time on site
      6 min
    View Listing
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    Wilkes Barre, PA 18702
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    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
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    627 Carey Ave, Wilkes Barre, PA, 18702
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