Office Building on
For Sale
$1,595,000
113 Pocono Drive, Milford, PA 18337
Commercial Sale, Milford, PA
Property Size5,054 SF
Lot Size2.53 Acres
Price / SF$315.59
Days on Market43
Property Features for 113 Pocono Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking
25
Elementary school district
Delaware Valley
Middle school district
Delaware Valley
High school district
Delaware Valley
Subdivision
Milford Township
Standard status
Active
APN
097.00-01-29.002
Size
5,054 SF
Lot size
2.53 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
1 Comm 1.53 I (Lot 2) Building
Tax Annual Amount
23439
Legal Description
1 Comm 1.53 I (Lot 2) Building
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1992
Floors in Building
1
Flooring type
Concrete
Listing Agency:
Davis R. Chant Real Estate - Milford
(570) 296-7717
Listed By:
Carly Longhenry · License #RB050157C
( ) 296-7717
Added: Jul 23
Changed: Sep 2
Last Checked: Sep 3 at 2:06PM
MLS# PM-143280
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 office building contains 5,054 square feet on a 2.53-acre parcel. Built in 1992, the property has concrete flooring and electric heating, with parking available on site and additional land that may support expansion.
The property is located at 113 Pocono Drive in Milford, Pennsylvania, near Route 6 and Route 209. Its stated use potential includes professional, retail, medical, dining, and distribution operations, providing flexibility for a range of commercial occupancies. The building and surrounding land offer a combination of existing improvements, parking, and expansion capacity.
The property is located at 113 Pocono Drive in Milford, Pennsylvania, near Route 6 and Route 209. Its stated use potential includes professional, retail, medical, dining, and distribution operations, providing flexibility for a range of commercial occupancies. The building and surrounding land offer a combination of existing improvements, parking, and expansion capacity.
Key Highlights
- 5,054‑square‑foot office building on a 2.53‑acre lot
- Located at 113 Pocono Drive, Milford, PA 18337
- Near Route 6 and Route 209
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
$62,088
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
3.89%
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%
$1,241,760
$1.2M
Cap Rate 7%
$886,971
$887.0K
Cap Rate 9%
$689,867
$689.9K
Market Conditions
NOI Build-Up for 5,054 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
$106.1K $21.00/SF
− Vacancy
−$23.3K −$4.62/SF
EGI
$82.8K $16.38/SF
− OpEx
−$20.7K −$4.10/SF
NOI
$62.1K $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%
$1,241,760
Cap Rate 7%
$886,971
Cap Rate 9%
$689,867
Alternative Uses
Best Use
Office B
$887.0K
$776.1K – $1.03M
NOI $62,088 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,334 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
134
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?
Office building - Office property with parking and additional land for expansion.
Where is this office building located?
The property is located at 113 Pocono Drive Milford, PA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 5,054‑square‑foot office building on a 2.53‑acre lot; Located at 113 Pocono Drive, Milford, PA 18337; Near Route 6 and Route 209
