Flex Building with Warehouse
For Sale
$850,000
Pending
1285 Purdytown Turnpike, Lakeville, PA 18438
Commercial Sale, Lakeville, PA
Property Size12,058 SF
Lot Size2.87 Acres
Days on Market290
Property Features for 1285 Purdytown Turnpike
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Zoning description
Commercial
Parking
30
Elementary school district
Wallenpaupack Area
Middle school district
Wallenpaupack Area
High school district
Wallenpaupack Area
Subdivision
Paupack Township
Standard status
Pending
APN
115060
Size
12,058 SF
Lot size
2.87 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12243
Utilities
Utilities
Propane
Sewer type
Private Sewer
Heating system
Propane (Heating)
Water source
Well
Building Details
Year built
2007
Floors in Building
1
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Davis R. Chant Real Estate - Milford
(570) 296-7717
Listed By:
Eric Ehrhardt
( ) 296-7717
Added: Nov 19, 2025
Changed: Sep 2
Last Checked: Sep 5 at 4:06AM
MLS# PM-137391
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 12,058-square-foot flex building, constructed in 2007, includes 10,320 square feet of heated open-span space with ceiling heights from 12.5 feet to 15.5 feet. Two garage doors measuring 12 feet wide by 14 feet high support deliveries and equipment movement. The remaining 1,738 square feet contains four private offices, a restroom, kitchenette, central AC, and a potential display or showroom area.
Positioned on 2.87 acres at 1285 Purdytown Turnpike, the property has more than 200 feet of frontage on Route 590 and is near Hawley, Lake Wallenpaupack, and I-84. A large paved parking area serves the building. The site is zoned C1 and includes propane heating, a well water source, private sewer, metal siding, and a metal roof.
Positioned on 2.87 acres at 1285 Purdytown Turnpike, the property has more than 200 feet of frontage on Route 590 and is near Hawley, Lake Wallenpaupack, and I-84. A large paved parking area serves the building. The site is zoned C1 and includes propane heating, a well water source, private sewer, metal siding, and a metal roof.
Key Highlights
- 12,058‑square‑foot commercial building on 2.87 acres
- 10,320 square feet of heated open‑span space
- Ceiling heights range from 12.5 feet to 15.5 feet
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
$69,603
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
8.19%
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%
$1,392,060
$1.4M
Cap Rate 7%
$994,329
$994.3K
Cap Rate 9%
$773,367
$773.4K
Market Conditions
NOI Build-Up for 12,058 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
$106.2K $8.81/SF
− Vacancy
−$6.8K −$0.56/SF
EGI
$99.4K $8.25/SF
− OpEx
−$29.8K −$2.47/SF
NOI
$69.6K $5.77/SF
Area
Wayne County, PA
Vacancy
6.40%
Lease Rate
$8.81 /SF/Yr
Expense Ratio
30.00%
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%
$1,392,060
Cap Rate 7%
$994,329
Cap Rate 9%
$773,367
Alternative Uses
Best Use
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,517 @ 7.0% cap · market cap 9.94%
Second Best
Industrial
$994.3K
$870.0K – $1.16M
NOI $69,603 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,816 @ 7.0% cap · market cap 24.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15 ft
Clear height
2
Drive-in doors
4
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18438, PA
1,186
Population
1,692
Households
0.7
Avg Household Size
57
Median Age
38%
College-Educated
95%
High-School Grad
8.2 sq mi
ZIP Area
145
Density / Sq Mi
$59,808
Median Household Income
$41,250
Median Earnings
$352,600
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned flex property combining open-span work areas with offices, support spaces, and delivery access.
Where is this flex space located?
The property is located at 1285 Purdytown Turnpike Lakeville, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 12,058‑square‑foot commercial building on 2.87 acres; 10,320 square feet of heated open‑span space; Ceiling heights range from 12.5 feet to 15.5 feet
