Mixed-Use Property with
For Sale
$729,000
111 Mountain Springs Road, Milford, PA 18337
Commercial Sale, Milford, PA
Property Size1,850 SF
Lot Size1.67 Acres
Price / SF$394.05
Days on Market28
Property Features for 111 Mountain Springs Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Exterior features
Rain Gutters, Private Yard, Storage
Basement
Unfinished, Full, Walk-Out Access
Lot features
Sloped, Cleared
Elementary school district
Delaware Valley
Middle school district
Delaware Valley
High school district
Delaware Valley
Subdivision
Milford Township
Standard status
Active
APN
000555
Size
1,850 SF
Lot size
1.67 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
0.89 House Garage Office 1.67 Total with additional lot 000556
Tax Annual Amount
3369
Legal Description
0.89 House Garage Office 1.67 Total with additional lot 000556
Utilities
Sewer type
Shared Septic, Mound Septic
Heating system
Ductless (Heating), Electric (Heating)
Cooling system
Ductless
Water source
Well
Building Details
Year built
1970
Floors in Building
2
Flooring type
Carpet
Building materials
Wood Siding
Roof type
Asphalt, Asbestos Shingle
Additional Structures
Storage
Listing Agency:
Mary Enck Realty Inc
(570) 722-8000
Listed By:
Miriam Santiago · License #RS362705
(570) 722-9261
Added: Aug 7
Changed: Sep 2
Last Checked: Sep 3 at 4:06PM
MLS# PM-143720
Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1.67-acre mixed-use property in Milford includes an 1,850-square-foot residential home, a mechanical or garage building, and a barn configured as office space. The site supports a live-work arrangement, with the residence providing on-site living space and the commercial improvements offering operational utility. Exterior features include storage, a private yard, and rain gutters. The home was built in 1970 and has wood siding, carpet flooring, ductless heating and cooling, and electric heat.
The garage is subject to a tenant arrangement that generates land-rent income, while the barn office is rented on a month-to-month basis. The property uses a well and septic systems. Its address is 111 Mountain Springs Road in Milford, Pike County, Pennsylvania, providing a location for buyers seeking a combined residential and commercial holding with existing occupancy and workspace improvements.
The garage is subject to a tenant arrangement that generates land-rent income, while the barn office is rented on a month-to-month basis. The property uses a well and septic systems. Its address is 111 Mountain Springs Road in Milford, Pike County, Pennsylvania, providing a location for buyers seeking a combined residential and commercial holding with existing occupancy and workspace improvements.
Key Highlights
- 1.67‑acre mixed‑use property in Milford, PA
- 1,850 SF residential home included
- Mechanical or garage building with existing land‑rent income arrangement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,727
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$454,540
$454.5K
Cap Rate 7%
$324,671
$324.7K
Cap Rate 9%
$252,522
$252.5K
Market Conditions
NOI Build-Up for 1,850 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.9K $21.00/SF
− Vacancy
−$8.5K −$4.62/SF
EGI
$30.3K $16.38/SF
− OpEx
−$7.6K −$4.10/SF
NOI
$22.7K $12.29/SF
Area
Pike County, PA
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$454,540
Cap Rate 7%
$324,671
Cap Rate 9%
$252,522
Alternative Uses
Best Use
Office B
$324.7K
$284.1K – $378.8K
NOI $22,727 @ 7.0% cap · market cap 3.12%
Second Best
Mixed Use
$267.6K
$234.1K – $312.2K
NOI $18,731 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$451.5K
$395.0K – $526.7K
NOI $31,602 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 18337, PA
15,519
Population
7,615
Households
2
Avg Household Size
47
Median Age
33%
College-Educated
95%
High-School Grad
71.8 sq mi
ZIP Area
216
Density / Sq Mi
$89,935
Median Household Income
$48,022
Median Earnings
$1,507
Median Rent
$284,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Hybrid commercial property combines an on-site residence with income-producing workspace and storage improvements.
Where is this mixed-use property located?
The property is located at 111 Mountain Springs Road Milford, PA.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: 1.67‑acre mixed‑use property in Milford, PA; 1,850 SF residential home included; Mechanical or garage building with existing land‑rent income arrangement
