Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Rte 309 Mountain Top, PA 18707
    Back to Search
    Property profile & analytics

    Rte 309, Mountain Top, PA 18707

    View on Map
    • Auto shops
    • 2.24 lot acres
    Off-Market
    Last Sale Jul 16, 2021
    $204,500
    Property ID
    US73-3901652
    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

    • Auto shops

    Property Details for Rte 309

    Lot size
    2.24 lot acres
    Property type
    Auto shops
    APN
    64-N9S1-002-011
    APU
    64N9S1002011

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 16, 2021 $204,500 Rob And Melissa Holdings LLC Stake Mt LLC Deed $252k · The Fidelity Deposit & Discount Ban
    Feb 3, 2015 $160,000 Stake Mt LLC First Natl Bk Of Pa Grant Deed —
    Jul 20, 2012 $21,718 First Natl Bk Of Pa Sheriff Of Luzerne County Trustees Deed · related —

    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
    Mountain Top
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.9143
    Latitude
    41.1132
    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
    $3,488
    $86,200
    $91,000
    $177,200
    -
    $86,200
    $91,000
    $177,200

    Comparable in this City

    • Value Estimation by Request
      0.57 Acres

      Leg Rte 40013

      AUTO REPAIR, GARAGE
      Leg Rte 40013, Mountain Top, PA 18707
      View Details
    • Value Estimation by Request
      2.25 Acres

      Main Rd

      AUTO REPAIR, GARAGE
      Main Rd, Mountain Top, PA 18707
      View Details
    • Value Estimation by Request
      4.00 Acres

      1183 Main Rd

      AUTO REPAIR, GARAGE
      1183 Main Rd, Mountain Top, PA 18707-3124
      View Details
    • Value Estimation by Request
      0.54 Acres

      8 Main St

      AUTO REPAIR, GARAGE
      8 Main St, Mountain Top, PA 18707-1202
      View Details
    • Value Estimation by Request
      0.27 Acres

      Nn Mtn Blvd

      AUTO REPAIR, GARAGE
      Nn Mtn Blvd, Mountain Top, PA 18707
      View Details
    • Value Estimation by Request
      0.73 Acres

      46 Brown St

      AUTO REPAIR, GARAGE
      46 Brown St, Mountain Top, PA 18707-1137
      View Details

    Similar Nearby for Sale

    • $125,000
      1,300 SF

      Versatile Property Near Nuangola Lake

      Adaptable 1,300 sq ft property in scenic Mountain Top, PA.
      6620 Nuangola Rd, Mountain Top, PA 18707
      View Details
    • $173,000
      2.52 Acres

      Mountain Top Vacant Land

      Wooded building lot in Estates at Blue Ridge development.
      163 Est Dr, Mountain Top, PA 18707
      View Details
    • Contact for pricing
      60,574 SF

      Mountain Top Industrial Investment Opportunity

      60,574 SF industrial building on 13.82 acres.
      333 Crestwood Dr, Mountain Top, PA 18707
      View Details
    • $175,000
      4.96 Acres

      Land in Blue Ridge Estates

      Vacant wooded lot in established Mountain Top development.
      188 Est Dr, Mountain Top, PA 18707
      View Details
    • $175,000
      4.26 Acres

      Mountain Top Vacant Land

      Wooded building lot in Estates at Blue Ridge development.
      228 Est Dr, Mountain Top, PA 18707
      View Details
    • $155,000
      2.62 Acres

      Mountain Top Vacant Land

      Wooded building lot in Estates at Blue Ridge development.
      300 Est Dr, Mountain Top, PA 18707
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on North Mountain

      Highly visible retail space on a busy road.
      2 N Mountain Rd, Mountain Top, PA 18707
      View Details
    • Contact for pricing

      Retail Space on North Mountain

      Highly visible retail space on a busy road.
      2 N Mountain Rd, Mountain Top, PA 18707
      View Details
    • Contact for pricing
      217,000 SF

      Land for Lease in Mountain Top

      Land available for lease in Mountain Top, Pennsylvania.
      280 Crestwood Rd, Mountain Top, PA 18707
      View Details
    • Contact for pricing

      Pad Site Available For Lease

      Approximately 2.00 AC pad site available for lease.
      241 S Mountain Blvd, Mountain Top, PA 18707
      View Details
    • Contact for pricing
      117,000 SF

      Land for Lease

      Land available for lease in Mountain Top, Pennsylvania.
      280 Crestwood Dr, Mountain Top, PA 18707
      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
    Mountain Top, PA 18707
    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
    Rte 309, Mountain Top, PA, 18707
    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!