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Property profile & analytics
FOR LEASE
Office buildings
631 Airport Rd, Hazle Township, PA 18202
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-4052695
For Lease
1 / 2
$15 SF/Yr
631 Airport Rd, Hazle Township, PA 18202
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Lot
0.52 ac (22,651 SF)
APN
26-S7-00A-28E
UPID
US73-4052695
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
-
Janney Montgomery Scott LLC Financial Advisor
-
Anthony Raineri, Physician
-
Harold Milstein, MD Physician Medical Clinic
-
EagleOne Surgical, LLC Dental Office
-
Superior Court Judge County Court
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
Nepa Airport Road Properties LLC · 6 yrs held
Nepa Airport Road Properties LLC
since 2019
7 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 Hazle Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hazle Township 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
$21,008
Tax year 2023
Assessed value
$1,086,000
Assessed 2024
Previous assessed
$1,086,000
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$100,000
Assessed improvement
$986,000
Land market value
$100,000
Improvement market value
$986,000
Total market value
$1,086,000
Applied tax rate
26.0000
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
0.52 ac (22,651 SF)
APN
26-S7-00A-28E
UPID
US73-4052695
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
0.52 ac
Current owner
From public records · entity-resolved
Nepa Airport Road Properties LLC
Entity
Mailing address
100 N WILKES BARRE BLVD STE #322, WILKES BARRE, PA 18702-5266
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2019
$3,900,000
Nepa Airport Road Properties LLC
Lagana Properties IV LP
Special Warranty Deed
$3,100,000 · Wayne Bank
Jul 23, 2018
—
Lagana Properties III LP
—
Deed
related
$595,000 · Dime Bk
Oct 3, 2016
—
Lagana Properties III LP
—
Deed
related
$467,000 · Key Capital Mortgage INC
Jul 29, 2015
—
Lagana Properties III LP
—
Trustees Deed
related
$400,000 · Maple Bridge Fndg LLC
Apr 2, 2013
$659,750
Properties Lagana III
Lagana,james
Grant Deed
—
Apr 2, 2013
—
Properties I LP Lagana
—
Deed Of Trust
related
$3,500,000 · Fc Lagana Lender LLC
Oct 20, 2010
—
James Lagana
—
Deed Of Trust
related
$1,556,408 · First Liberty Bank & Trust
—
—
Lagana Ents INC
—
Deed Of Trust
related
$187,480 · First Liberty Bank & Trust
—
—
Properties Lagana III
—
Deed Of Trust
related
$400,000 · Arch Ins Co
—
—
Lagana Properties III LP
—
Deed Of Trust
related
$595,000 · Dime Bk
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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