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    1345 Pa-507 Unit, Unit 203 Greentown, PA 18426

    Sponsored
    For Lease
    $550 /Mo

    COMMERCIAL - Greentown, PA

    Type:Office
    Property size:
    390 SF
    Lot size:
    1.87 Acres
    Days on Market:
    172
    Last Refresh:
    Mar 2 at 3:06 am

    Property Features for 1345 Pa-507 Unit

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Commercial
    APN
    085.00-01-28 015682
    Parking
    15
    Parking features
    Parking Lot
    Size
    390 SF
    Lot size
    1.87 Acres

    Utilities

    Heating system
    Propane (Heating), Forced Air
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1998
    Floors in Building
    2
    Number of units
    6
    Flooring type
    Carpet

    We can help!

    Listing Contact
    David Dellert
    David Dellert

    RE/MAX of Lake Wallenpaupack - Greentown (570) 676-0695

    Listing agent David Dellert (570) 676-0695

    Listing date Sep 12, 2025

    MLS# PW-253023

    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.

    Learn more

    Property Insight Report

    Overview

    Greentown Office Space For Rent

    This commercial property offers 390 square feet of office space suitable for starting a small business, relocating from a home office, or expanding operations. The available space is located on the second story. Situated in Greentown, Pennsylvania, the property is conveniently located near Interstate 84, providing easy access to New York, New Jersey, Connecticut, and Massachusetts. The property has a lot size of 1.87 acres. The post office is located directly across the street. Other units are available for a total of over 1200+ sq ft if desired. Lower level units rent for $600/mth. Long term lease deals available. The intended use of the property is for commercial purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Greentown
    County
    Pike
    State
    Pennsylvania
    Longitude
    -75.305173
    Latitude
    41.350698

    Nearby Similar for Lease

    • $1,200 /Mo
      4,000 SF

      Greentown Office Space For Lease

      800 SF office space in Greentown, PA for lease.
      1565 Rt 507, Greentown, PA 18426
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available in Greentown, PA, close to Interstate 84.
    Where is this office space located?
    The property is located at 1345 Pa-507 Unit, Unit 203 Greentown, PA.
    What is the lease rate?
    The lease rate is $0.08 SF/Yr.
    What are key features of this property?
    This property features: - Convenient access to Interstate 84 for travel to NY, NJ, CT, and MA.; - **390 sq ft of office space available.**; - Post office located directly across the street.
    (570) 676-0695
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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
    1345 Pa-507 Unit, Unit 203 Greentown, PA 18426
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    We can help!
    Listing Contact
    David Dellert
    David Dellert
    Real Estate License ID: RM425903
    (570) 676-0695
    Learn more
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