Down Payment: As low as 10%
Rate: ~6.11% fixed (June 2026)
Term: 25-year amortization
Max Loan: $14M (certified)
Best for owner-occupants or investors using 51%+ for business operations. CDC/bank split structure.
Exclusive Investment Offering
The NEET Center
1300 Old Plank Road • Mayfield, PA
Lackawanna County, Pennsylvania
$8,999,999
95,000
Sq Ft Total
7.5
Acres
7
Tenants
$1,104,701.64
Current Income
10%
Stabilized Cap
85%
Occupied
Overview
Executive Summary
The NEET Center is a rare multi-tenant institutional-grade commercial complex spanning 95,000+ square feet across 7.5 acres in Mayfield, PA. Originally constructed as a premier educational and innovation campus, the property hosts seven established tenants including a major regional educational operator, a global automotive supplier, a national behavioral health provider, and multiple specialty professional service firms. With 10,000+ square feet of leasable vacancy and embedded annual rent escalations, this property offers an exceptional value-add opportunity in one of Pennsylvania's fastest-growing economic corridors.
Current Annual NOI
$670,573
After all operating expenses
Stabilized NOI Potential
$889,809
At full occupancy
Vacancy Upside
$219,235
10,000 SF at $21.50/SF
Price Per Sq Ft
$94.7
Massive replacement cost discount
Site and Location
7.5-Acre Campus
1300 Old Plank Road, Mayfield PA — adjacent to the Lackawanna River Heritage Trail, minutes from I-81.
Why Invest
Investment Highlights
★
10% Stabilized Cap Rate
Nationally, mixed-use commercial assets trade at 6.5%-8% cap rates (CBRE H2 2024). This property's stabilized yield of 10% represents a 120-300 basis point premium over national comps—exceptional risk-adjusted return.
■
Value-Add Upside
approx. 10% of the building is vacant (about 10,000 SF). Leasing at market rate adds $219,236 in income and pushes cap rate from 7.5% to 10%, heightening returns without capital improvements.
◆
Diversified Tenancy
Seven tenants across education, behavioral health, automotive, federal government, and professional services. No single sector dominates the income stream, reducing portfolio risk.
●
Below Replacement Cost
At $94/SF, the asking price is estimated at 80% below replacement cost of $500/SF for institutional-grade construction, creating a structural floor on downside risk.
▶
NEPA Economic Momentum
Amazon, Chewy, Kolmar USA, and Premier Brands are driving a $25B+ investment wave into Lackawanna and Luzerne Counties.
△
Embedded Rent Growth
Multiple leases include renewal options and auto-escalations, providing long-term income growth and an inflation hedge.
Tenancy
Rent Roll
| Tenant | Annual Rent | Sq Ft | % Income | Notes |
|---|---|---|---|---|
| State Funded Educational Academy | 429,510 | 36,900 | 47.9% | Two 5-year renewal options |
| State Funded Educational Academy (Expansion) | $218,244 | 12,432 | 24.4% | Two 5-year renewal options |
| State Funded Educational Academy (Expansion) | $209,040 | 10,452 | 23% | Two 5-year renewal options |
| International Fortune 500 Company | $103,911 | 7,000 | 11.6% | Two 1-year renewal options @ 5% annual escalations |
| National Therapeutic Consultant | $73,855 | 3,500 | 8.2% | One 5 year option |
| Regional Medical Consulting | $26,400 | 1,100 | 2.9% | One 5 year option |
| National Medical Staffing Company | $22,742 | 1,271 | 2.5% | |
| National Healthcare Facility | $21,000 | 1,000 | 2.3% | Two 5 year option |
| TOTAL OCCUPIED | $1,104,701 | 72,655 | 100% | 85% of total building |
| Available Vacancy | $219,236 | 10,197 | 10% | At $21.50/SF market rate |
Financials
Expense Breakdown & NOI Analysis
Annual Operating Expenses
Property Taxes $188,585
Insurance $30,148
Water / Sewer $10,592
Electric / Gas $169,683
Landscaping $12,314
Snow Removal $8,892
Fire Safety $6,101
Waste Disposal $7,813
Total Expenses $434,128
NOI Summary
Current Gross Income
$1,104,702
Less: Total Expenses
($434,128)
Current NOI
$670,573
7.5% current cap rate
Stabilized NOI (Full Occ.)
$889,809
10% stabilized cap rate
Inside The NEET Center
Interior Spaces
Credit Quality
Anchor Tenant Spotlights
The NEET Center's tenant mix combines institutional-grade educational operators, a Fortune Global 500 automotive supplier, a nationally recognized behavioral health provider, and specialized professional services firms—creating a resilient, diversified income base.
77.5% of Income
Educational Academy
Advanced alternative education program, occupies 59,784 SF across multiple suite configurations. Parent Company is a $600M+ national behavioral health and special education nonprofit operating in 12 states and serving 40,000+ individuals. The Academy's combined $856,784 in annual rent makes it the cornerstone of this investment's income stability.
11.6% of Income • 5% Annual Escalations
International Fortune 500 Company
This Corporation is a $48B+ Fortune Global 500 automotive components manufacturer operating in 35+ countries. The Mayfield office functions as a North American regional hub. With 5% annual rent escalations built into the lease, it provides both credit strength and contractual income growth.
Health, Therapy, & Consulting
Professional consulting and cousneling firms with long-standing ties to the property. Contributes $132,497 annually to the income base.
Financial Analysis
Expense Breakdown & NOI Analysis
Operating Expenses
| Expense | Annual |
|---|---|
| Real Estate Taxes | $188,585 |
| Electric | $125,757 |
| Gas | $43,926 |
| Insurance | $30,148 |
| Snow Removal | $8,892 |
| Waste Disposal | $7,813 |
| Fire Safety / Sprinklers | $6,101 |
| Water | $9,648 |
| Sewer | $944 |
| Grounds Maintenance | $12,314 |
| TOTAL EXPENSES | $434,128 |
Expense Breakdown by Category
Real Estate Taxes43.4%
Electric29.0%
Gas10.1%
Insurance6.9%
Grounds / Snow4.9%
All Other5.7%
NOI Summary
Current Income
$1,104,702
Total Expenses
$434,128
Current NOI
$670,574
Stabilized NOI
$889,809
NOI Margin (Stabilized)
33%
Stabilized Cap Rate
9.69%
Market Context
Northeast PA: A Region in Transformation
Lackawanna County sits at the center of a once-in-a-generation economic expansion. Within 60 miles of New York City and Philadelphia via I-81 and I-84, the region has attracted more than $25 billion in new investment commitments, transforming from a post-industrial economy into one of the mid-Atlantic's most active logistics, manufacturing, and healthcare corridors.
Amazon
Amazon is the region's largest private employer with multiple fulfillment and distribution facilities. Their presence has catalyzed a wave of supplier and service industry growth throughout Lackawanna County.
Chewy.com -- 1,000+ Jobs
Chewy's regional fulfillment center brought over 1,000 direct jobs to the corridor. Their investment signals the region's growing appeal for e-commerce and last-mile logistics operations.
Kolmar USA -- $60M Facility
Kolmar's $60 million manufacturing expansion demonstrates the county's competitiveness in attracting high-value industrial tenants seeking skilled labor and logistics infrastructure.
Regional Employment
Lackawanna County unemployment sits at approximately 4.1%, below the national average. A growing daytime professional population drives sustained demand for office, medical, and education space.
Physical Asset
Property Features & Amenities
Building Specifications
✓ 95,000 SF total | 7.5 acres
✓ 268 on-site parking spaces
✓ 5 specialized laboratories
✓ Full-size auditorium
✓ Commercial greenhouse
✓ Full-service cafeteria
✓ Multiple independent building entrances
Lackawanna River Heritage Trail
The NEET Center sits adjacent to the Lackawanna River Heritage Trail, a 70-mile greenway designated as part of the National Heritage Area and managed jointly by the Delaware and Lehigh National Heritage Corridor and Lackawanna County.
The trail is a significant quality-of-life amenity for tenants and employees, providing walking, running, and cycling access throughout the Lackawanna Valley. This type of amenity has been shown to increase commercial tenant retention and command lease rate premiums in comparable suburban campus environments.
"A rare commercial campus with direct trail access -- amenities more commonly found in urban core Class A properties."
Opportunity
Vacant Suites — Ready to Lease
10,197 SF Available · $219,236 Additional Annual Income Potential · Move-In Ready
Three Available Suites
| Suite | SF | Est. Annual |
|---|---|---|
| Front Suite | 2,400 | $52,675 |
| Lab Space | 6,758 | $145,297 |
| Icon Space | 989 | $21,264 |
| TOTAL VACANCY | 10,197 | $219,236 |
The Investment Thesis
Lease up all four vacant suites at the $21.50/SF market rate and a 7.5% current cap rate becomes a 9.75% stabilized cap rate — an extraordinary yield expansion available through straightforward leasing activity in one of Pennsylvania's most active commercial markets.
$1,104,702 Current Annual Income
$1,323,797 Stabilized Income
10% Stabilized Cap Rate
Flexibility
Zoning & Repositioning Potential
Zoned C-2 Heavy Commercial, the NEET Center carries one of the most permissive commercial designations in Lackawanna County. This provides buyers broad flexibility to continue multi-tenant operations, pivot to a specialized campus model, or pursue phased redevelopment -- all without rezoning risk.
C-2 Permitted Uses Include
▶ Medical and healthcare clinics
▶ Educational institutions and training centers
▶ Professional office and co-working
▶ Research and development / light industrial
▶ Government and nonprofit agencies
▶ Retail, hospitality, and conference facilities
Repositioning Scenarios
Medical Village Campus
Consolidate growing healthcare tenant cluster with new medical office, urgent care, and behavioral health suites. High demand in NEPA market.
Innovation and Workforce Hub
Convert vacancy to tech incubator, coworking, or workforce training space aligned with Amazon and Chewy supply chain growth needs.
Government / Institutional Campus
The property's lab, auditorium, and classroom infrastructure is ideally suited for county, state, or federal agency consolidation and long-term NNN lease structures.
The Property
Exterior Views
Your Listing Agent
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Kate Daye
Owner & Broker
Revolve Real Estate
2026 Best of Lackawanna County
#1 Commercial Real Estate Agent
As Seen on TV
Host of The American Dream
Kate Daye is the Owner and Broker of Revolve Real Estate, headquartered in Lackawanna County, Pennsylvania. With deep expertise in commercial investment sales, Kate has built a reputation as the region’s most trusted commercial real estate advisor — a distinction recognized by the 2026 Best of Lackawanna County award, presented by the Times Leader Media Group.
Kate specializes in complex commercial transactions, value-add investment properties, and institutional-grade assets across Northeastern Pennsylvania. She combines local market intelligence with national-caliber marketing, underwriting, and financial analysis to serve both regional and out-of-market investors seeking above-average returns in an undervalued corridor.
As Host of The American Dream television series, Kate brings a media-level platform to her listings — providing unmatched visibility for properties like the NEET Center among a national investor audience. Her clients benefit from polished storytelling, best-in-class digital presentation, and a highly curated network of decision-makers who recognize the long-term potential of Northeastern Pennsylvania.
Phone
(570) 903‑9633
kate@revolvepa.com
Web
www.revolvepa.com