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    111 Mountain Springs Road Milford, PA 18337

    View on Map
    For Sale
    $740,000

    COMMERCIAL - Milford, PA

    Lot size:
    1.67 Acres
    Added:
    Jun 30, 2025
    Days on Market:
    278
    Last Refresh:
    Apr 3 at 8:06 am

    Property Features for 111 Mountain Springs Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Parking Lot, Garage
    Exterior features
    Storage, Rain Gutters, Private Yard
    Basement
    Unfinished, Full
    Standard status
    Active
    APN
    096.00-01-12 000555
    Lot size
    1.67 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3257

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank, Shared Septic
    Heating system
    Electric (Heating), Oil, Propane (Heating), Baseboard, Heat Pump (Heating)
    Cooling system
    Ductless
    Water source
    Well

    Building Details

    Year built
    1970
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Carpet
    Building materials
    Wood Siding
    Roof type
    Shingle, Asphalt
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Amanda Brehm
    Amanda Brehm

    Listing agent Amanda Brehm License #10401307868

    Listing office Keller Williams Realty Hudson Valley United 9 Bert Crawford Road, Middletown, PA

    Listing date Jun 30, 2025

    MLS# PW-252149

    Copyright © 2026 Pike/Wayne Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Milford Mixed-Use Investment Opportunity

    Located just off the Milford Exit at 111 Mountain Spring Road, this mixed-use property offers a unique investment opportunity with both residential and commercial potential. The property includes a five-bay commercial-grade garage and a separate office building with ample storage, providing immediate income generation. The commercial zoning allows for a variety of uses. A chalet-style home features three bedrooms and two balconies. The home includes a full bathroom. The property is located minutes from the town of Milford, with quick access to major roads. There is ample parking space, previously utilized for an excavation business, accommodating both residential and commercial needs. The property is situated on a 1.67-acre lot in Pike County, with low taxes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Automotive Revelations Auto Repair Shop LifeSafer Ignition Interlock Building Supply Walker Trucking & Excavating ... General Contractor Pps Excavating General Contractor

    Suggested Use

    Restaurant Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy Department Store Storage Facility Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Pike
    State
    Pennsylvania
    Longitude
    -74.8372918
    Latitude
    41.3407879

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial and residential potential in Milford, PA.
    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 $740,000.
    What are key features of this property?
    This property features: Prime location just off the Milford Exit with easy access to major roads; Mixed‑use property with both commercial and residential components, offering diverse income streams; Commercial zoning allows for a variety of business uses
    (845) 741-5608
    We can help!
    Listing Contact
    Amanda Brehm
    Amanda Brehm
    Real Estate License ID: 10401307868
    Learn More
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    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
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