Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    661 Airport Rd Hazle Township, PA 18202-3287
    Back to Search
    Property profile & analytics

    661 Airport Rd, Hazle Township, PA 18202-3287

    View on Map
    • Automotive properties
    • 10.89 lot acres
    Off-Market
    Last Sale Dec 18, 2024
    $4,100,000
    Property ID
    US73-4404000
    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
    $4,100,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CarVision Nissan / Department Store
    • CarVision Nissan (Hazle Township / Hazleton) / Car Dealership

    Property Details for 661 Airport Rd

    Lot size
    10.89 lot acres
    Property type
    Automotive properties
    APN
    26-S7-00A-056
    APU
    26S700A056

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 18, 2024 $4,100,000 Pennmark Hazleton LLC Nmac Real Estate Management Company Deed —
    Mar 6, 2020 $75,214 Nmac R & E Mgmt Co LLC Sheriff Of Luzerne County|all Pro Airport Rd N 4 L One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds · related —
    May 5, 2015 — All Pro Airport Rd N 4 LLC — Grant Deed · related $7.4M · Nissan Motor Acceptance Corporation Nissan Motor Acceptance Corporation
    Feb 27, 2015 — All Pro Airport Rd N 4 LLC All-pro Airport Road LP Quit Claim Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,100,000
      ML approach
      $4,100,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hazle Township
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -76.0082
    Latitude
    40.9846
    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
    $36,754
    $300,000
    $1,600,000
    $1,900,000
    -
    $300,000
    $1,600,000
    $1,900,000

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      Rte 940

      VEHICLE SALES, RENTALS
      Rte 940, Hazleton, PA 18202
      View Details
    • Value Estimation by Request
      0.12 Acres

      102 Grn St

      VEHICLE SALES, RENTALS
      102 Grn St, West Hazleton, PA 18202-3906
      View Details
    • Value Estimation by Request
      0.16 Acres

      Harwood Rd

      VEHICLE SALES, RENTALS
      Harwood Rd, Hazleton, PA 18202
      View Details
    • Value Estimation
      $11,630,000
      12.21 Acres

      Cummity Park Rd

      VEHICLE SALES, RENTALS
      Cummity Park Rd, Hazleton, PA 18202
      View Details
    • Value Estimation by Request
      1.95 Acres

      520 Susquehanna Blvd

      VEHICLE SALES, RENTALS
      520 Susquehanna Blvd, Hazle Township, PA 18202-3226
      View Details
    • Value Estimation by Request
      0.28 Acres

      Rte 93

      VEHICLE SALES, RENTALS
      Rte 93, Hazleton, PA 18202
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      48,804 SF

      Hazle Township Automotive Property For Sale

      Long-term NNN sale-leaseback with attractive rental increases.
      651 Airport Rd, Hazle Township, PA 18202
      View Details
    • Contact for pricing
      0.29 Acres

      Eagle Rock Resort Homesite

      Homesite in gated Eagle Rock Resort community with many amenities.
      Appalachian Way, Hazleton, PA 18202
      View Details
    • Contact for pricing
      0.28 Acres

      Eagle Rock Resort Golf Lot

      Vacant land in gated Eagle Rock Resort community.
      75 Pebble Beach Dr, Hazleton, PA 18202
      View Details
    • Contact for pricing
      0.25 Acres

      Residential Lot in Gated Community

      Residential lot in Eagle Rock Resort with many amenities.
      399 Mountain View Dr, Hazle Township, PA 18202
      View Details
    • Contact for pricing
      16,000 SF

      Hazleton Airport Hangar For Sale

      Like-new 16,000 SF hangar near I-81, I-80, and I-476.
      5175 Airport Rd, Hazleton, PA 18202
      View Details
    • Contact for pricing
      0.28 Acres

      Land in Eagle Rock Resort

      Buildable lot in a premier Pocono Mountain gated resort.
      Rock Crest Dr, Hazleton, PA 18202
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      248,000 SF

      Industrial Building Under Construction

      248,000 SF industrial building available for lease.
      610 Oak Ridge Rd, Hazleton, PA 18202
      View Details
    • Contact for pricing
      4,000 SF

      Hazle Township Office Space Available

      4,000 square feet of office space for rent.
      386 Airport Rd, Hazle Township, PA 18202
      View Details
    • Contact for pricing

      Industrial Space Available for Lease

      293,493 SF industrial space with ample parking.
      Green Mountain Rd, Hazle Township, PA 18202
      View Details
    • Contact for pricing
      12,781 SF

      Industrial Land Near I-76/I-81

      68 acres of industrial land with highway access.
      864 S Church St, Hazle Township, PA 18202
      View Details
    • Contact for pricing
      110,000 SF

      Hazleton Industrial Space Available

      110,000 SF industrial space with loading docks and parking.
      527 Oak Ridge Rd, Hazleton, PA 18202
      View Details
    • Contact for pricing
      350,000 SF

      Humboldt Industrial Park Warehouse

      Warehouse in Humboldt Industrial Park with convenient highway access.
      62 Green Mountain Rd, Hazleton, PA 18202
      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.
    661 Airport Rd
    Hazle Township, PA 18202-3287
    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

    Thank You for Inquiry
    661 Airport Rd, Hazle Township, PA, 18202
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!