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    Property profile & analytics

    947 Viewmont Dr Scranton, PA 18519-1663

    • Hotels
    • 3.73 lot acres
    OFF-MARKET
    Value Estimations
    $355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-3981302
    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

    • Residence Inn Scranton / Extended Stay Hotel / Hotel
    • 947 Viewmont Drive Parking / Parking Lot

    Property Details for 947 Viewmont Dr

    Lot size
    3.73 lot acres
    Property type
    Hotels
    Property subtype
    Motels
    APN
    1240104000303
    APU
    1240104000303

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $355,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.6487
    Latitude
    41.4541
    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
    2024
    $417,103
    $221,650
    $1,200,000
    $1,421,650
    -
    $221,650
    $1,200,000
    $1,421,650

    Comparable in this City

    • Value Estimation
      $4,145,000
      2.00 Acres

      232 Main St, Unit 238

      HOTEL/MOTEL • 2.00 Acres
      232 Main St, Dickson City, PA 18519-1618
      View Details
    • Value Estimation
      $335,000
      2.86 Acres

      1265 Commerce Blvd

      HOTEL/MOTEL • 2.86 Acres
      1265 Commerce Blvd, Dickson City, PA 18519-1757
      View Details
    • Value Estimation by Request
      15,000 SF

      832 Scranton Carbondale Hwy

      Individual retail properties • 15,000 SF
      832 Scranton Carbondale Hwy, Dickson City, PA 18519
      View Details
    • Value Estimation
      $270,000
      0.11 Acres

      601 Dundaff St

      OFFICE BUILDING • 0.11 Acres
      601 Dundaff St, Dickson City, PA 18519-1103
      View Details
    • Value Estimation
      $340,000
      17.15 Acres

      921 Viewmont Dr

      REGIONAL SHOPPING CENTER, MALL • 17.15 Acres
      921 Viewmont Dr, Scranton, PA 18519-1663
      View Details
    • Value Estimation
      $390,000
      2.01 Acres

      4005 Commerce Blvd

      RESTAURANT • 2.01 Acres
      4005 Commerce Blvd, Dickson City, PA 18519-1697
      View Details

    Similar Nearby for Sale

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      Prime Dickson City Mixed-Use Building

      Historic building, high traffic location, investment opportunity.
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    • $890,000
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      Dickson City Corner Commercial Property

      Corner property with multiple buildings, warehouse, and high traffic flow.
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    • $1,250,000
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      Dickson City Office Building

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    • $179,000
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      Dickson City Duplex For Sale

      Duplex near shopping with long-term tenants and low rent.
      1013 Grant Ct, Dickson City, PA 18519
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    • $350,000
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      Scranton Multifamily Investment Opportunity

      Fully occupied three-unit building near amenities, ideal for investors.
      1055 Carmalt St, Scranton, PA 18519
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    • $48,000
      0.51 Acres

      Residential Land Near Scranton

      Residential land with utilities, close to shopping and highways.
      6 Rachel Rd, Scranton, PA 18519
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,000 SF

      Dickson City Retail Opportunity

      High-Visibility Freestanding Retail Space
      832 Scranton Carbondale Hwy, Dickson City, PA 18519
      View Details
    • $2,450 /Mo
      3,000 SF

      Dickson City Retail Space Available

      Retail space for lease in high-traffic Dickson City location.
      2250 Scranton Carbondale Hwy, Dickson City, PA 18519
      View Details
    • Contact for pricing
      22,300 SF

      Dickson City Warehouse Space

      22,300 SF warehouse space available for rent.
      347 Main St, Dickson City, PA 18519
      View Details
    • $16 SF/Yr
      74,142 SF

      Dickson City Retail Center Investment

      Prime Retail Space, 74,142 SF
      1550 Main St, Dickson City, PA 18519
      View Details
    • $1,300 /Mo
      1,000 SF

      Dickson City Commercial Office Space

      Remodeled office space in high-traffic area, utilities included.
      814 Main St, Dickson City, PA 18519
      View Details
    • Contact for pricing
      12,480 SF

      Retail Space Near Viewmont Mall

      Retail space with high visibility and strong daytime population.
      600-800 Commerce Blvd, Dickson City, PA 18519
      View Details

    Property Visit Statistics

    • Visits by month
      6.1k
    • Visitors by month
      1.4k
    • Avg Time on site
      527 min
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    947 Viewmont Dr
    Scranton, PA 18519-1663
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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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