Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Rte 309 Hazleton, PA 18202

    • Strip malls
    • 14.10 lot acres
    OFF-MARKET
    Last Sale
    Nov 19, 2021
    $6,100,000
    Value Estimations
    $6,310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-4094915
    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

    • Strip malls

    Property Details for Rte 309

    Lot size
    14.10 lot acres
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    26-S8S8-018-001
    APU
    26S8S8018001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,310,000
      ML approach
      $5,665,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hazleton
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.9775
    Latitude
    40.9762
    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
    $134,685
    $561,500
    $6,401,100
    $6,962,600
    -
    $561,500
    $6,401,100
    $6,962,600

    Comparable in this City

    • Value Estimation
      $490,000
      25.89 Acres

      Rte 93

      SHOPPING CENTER, STRIP CENTER • 25.89 Acres
      Rte 93, Hazleton, PA 18202
      View Details
    • Value Estimation
      $405,000
      5.67 Acres

      626 Can-do Expy

      SHOPPING CENTER, STRIP CENTER • 5.67 Acres
      626 Can-do Expy, Hazle Township, PA 18202-3146
      View Details
    • Value Estimation
      $475,000
      1.78 Acres

      Airport Rd

      SHOPPING CENTER, STRIP CENTER • 1.78 Acres
      Airport Rd, Hazleton, PA 18202
      View Details
    • Value Estimation
      $315,000
      1.40 Acres

      530 Susquehanna Blvd

      SHOPPING CENTER, STRIP CENTER • 1.40 Acres
      530 Susquehanna Blvd, Hazle Township, PA 18202-3226
      View Details
    • Value Estimation
      $355,000
      1.13 Acres

      273 Airport Rd

      SHOPPING CENTER, STRIP CENTER • 1.13 Acres
      273 Airport Rd, Hazle Township, PA 18202-3320
      View Details
    • Value Estimation
      $810,000
      33.38 Acres

      Rte 93

      REGIONAL SHOPPING CENTER, MALL • 33.38 Acres
      Rte 93, Hazleton, PA 18202
      View Details

    Similar Nearby for Sale

    • $16,551,724
      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
    • $16,551,724
      48,804 SF

      Hazleton Honda Dealership - Net Lease

      High-yield auto dealership investment. 20-year lease.
      651 Airport Rd, Hazle Township, PA 18202
      View Details
    • $3,250,000
      16,000 SF

      Hazleton Airport Hangar - For Sale

      Spacious hangar, prime location, expansion potential.
      5175 Airport Rd, Hazleton, PA 18202
      View Details
    • $59,000
      0.16 Acres

      Residential Land in Eagle Rock Resort

      Land in Eagle Rock Resort with many amenities and security.
      161 Muirfield Ln, Hazleton, PA 18202
      View Details
    • Contact for pricing
      0.52 Acres

      Land in Amenity-Rich Eagle Rock

      0.52 acre lot in four-season community with abundant amenities.
      MV-073 Stoney Mtn Rd, Hazle Township, PA 18202
      View Details
    • $59,900
      0.51 Acres

      Land in Eagle Rock Resort

      Residential lots in private community with golf and amenities.
      51 Mohican Ct, Hazleton, PA 18202
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      82,000 SF

      Hazle Township Warehouse Space Available

      82,000± SF industrial warehouse space for lease.
      10 Jaycee Dr, Hazle Township, PA 18202
      View Details
    • $15 SF/Yr
      1,200 SF

      Hazle Township Office Space Available

      Office space available for lease in Hazle Township, PA.
      631 Airport Rd, Hazle Township, PA 18202
      View Details
    • Contact for pricing
      276,606 SF

      511 Can-Do Expy

      Land • 6.35 Acres
      511 Can-Do Expy, Hazle Township, PA 18202
      View Details
    • Contact for pricing
      186,370 SF

      Updated Warehouse in Valmont Park

      Multi-tenant warehouse with I-81 and I-80 access.
      10-12 Jaycee Dr, Hazle Township, PA 18202
      View Details
    • Contact for pricing
      582,400 SF

      Prime Hazleton Industrial Space

      293,493 SF Manufacturing/Warehouse
      0 Green Mountain Rd, Hazle Township, 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.
    Rte 309
    Hazleton, PA 18202
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.