Add Listing
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

    Sr, PA

    • Office buildings
    • 7.86 lot acres
    OFF-MARKET
    Last Sale
    Jun 15, 2021
    $6,250,000
    Value Estimations
    $6,400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-3312432
    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

    • Office buildings

    Property Details for 315

    Lot size
    7.86 lot acres
    Property type
    Office buildings
    APN
    50-H11-00A-01R
    APU
    50H1100A01R

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,465,000
      ML approach
      $6,640,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sr
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.826
    Latitude
    41.2529
    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
    $86,343
    $1,336,000
    $1,890,900
    $3,226,900
    -
    $1,336,000
    $1,890,900
    $3,226,900

    Comparable in this City

    • Value Estimation by Request
      5.80 Acres

      Ss River

      OFFICE BUILDING (MULTI-STORY) • 5.80 Acres
      Ss River, St, PA
      View Details
    • Value Estimation
      $8,115,000
      71,255 SF

      Underground Parking, PA

      OFFICE BUILDING • 71,255 SF
      Underground Parking, PA
      View Details
    • Value Estimation by Request
      1,753 SF

      Renovo Rd, PA

      OFFICE BUILDING • 1,753 SF
      Renovo Rd, PA
      View Details
    • Value Estimation
      $28,360,000
      207,776 SF

      Tinicum Is, PA

      OFFICE BUILDING • 207,776 SF
      Tinicum Is, PA
      View Details
    • Value Estimation by Request
      1,682 SF

      E

      OFFICE BUILDING (MULTI-STORY) • 1,682 SF
      E, Bay Dr, PA
      View Details
    • Value Estimation
      $635,000
      3,681 SF

      York Rd, PA

      PROFESSIONAL BUILDING (MULTI-STORY) • 3,681 SF
      York Rd, PA
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,830 SF

      Two Office Buildings on Route 309

      Two well-maintained office buildings with high visibility on Route 309.
      4666 Pa-309, Center Valley, PA
      View Details
    • Contact for pricing
      6,958 SF

      Office Buildings on 1.17 Acres

      Two office buildings totaling 6,958 SF on 1.17 acres.
      Oak St At Pawnee Ave, Scranton, PA
      View Details
    • $2,350,000
      24,400 SF

      West Shore Office Building For Sale

      24,400 SF office building in Wormleysburg, PA for sale.
      1011 Mumma Rd, Wormleysburg, PA
      View Details
    • Contact for pricing
      2,700 SF

      Medical Office Condo Near Hospital

      2,700 SF medical office condo near Taylor Hospital.
      Ridley Park, PA
      View Details
    • $389,000
      2,100 SF

      Four-Unit Property Near Cook Forest

      Four-unit property near Cook Forest, PA, with on-site post office.
      36044 Pa-66, Crown, PA
      View Details
    • Contact for pricing
      3,500 SF

      Havertown Mixed-Use Building For Sale

      3,500 SF brick building with retail, office, and apartments.
      110 W Eagle Rd, Havertown, PA
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,000 SF

      Class A Office Space Available

      Two-story office building with open space and high glass line.
      285 E Waterfront Dr, Homestead, PA
      View Details
    • Contact for pricing
      9,449 SF

      Class A Office in Plymouth

      Class A office space in a sought-after Philadelphia suburb.
      2260 Butler Park, Plymouth Meeting, PA
      View Details
    • Contact for pricing
      11,000 SF

      Greentree Office Building for Lease

      Highly visible office building with flexible terms and immediate occupancy.
      200 Fleet St, Greentree, PA
      View Details
    • Contact for pricing
      10,000 SF

      Greentree Parkway West Office Building

      Highly visible office building with easy access and abundant parking.
      100 Fleet St, Greentree, PA
      View Details
    • Contact for pricing
      145,000 SF

      Renovated Suburban Office Space Available

      Move-in ready office spaces with renovations underway and free parking.
      1910 Cochran Rd, Scott Township, PA
      View Details
    • Contact for pricing
      37,200 SF

      Office Space on 17 Acres

      Office space for rent in Chadds Ford, Pennsylvania.
      Baltimore Park, Chadds Ford, PA
      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.
    Sr, PA
    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.
    Sign Up Successful!
    You now have access to more from Realmo!