Mixed-Use Building with Dry
For Sale
$399,000
229 S Robinson Avenue, Pen Argyl, PA 18072
Commercial Sale, Pen Argyl, PA
Property Size3,132 SF
Lot Size0.06 Acres
Price / SF$127.39
Days on Market47
Property Features for 229 S Robinson Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GB - Commercial
Zoning description
Commercial
Parking
2
Subdivision
Pen Argyl Borough
Standard status
Active
APN
5665-04-8287-8023
Size
3,132 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Block: 49 /Lot: 4
Tax Annual Amount
3362
Legal Description
Block: 49 /Lot: 4
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Ceiling Fan(s), Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Listing Agency:
SER Commercial Real Estate, LLC
(570) 431-7400
Listed By:
Jace Tutty
(570) 431-7400
Added: Jul 8
Changed: Aug 21
Last Checked: Aug 23 at 12:06AM
MLS# PM-142880
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 mixed-use property combines an operating dry-cleaning business with a residential component in a two-level building. The first floor houses the commercial operation, while the second floor contains a 3-bedroom apartment that can support on-site living or residential occupancy. The business has served the region for more than 20 years and is being offered with the real estate. The property is zoned GB - Commercial and occupies 0.06 acres. Public water and public sewer serve the building, with natural-gas heating and cooling provided by ceiling fans and wall or window units. Built in 1900, the property is located in Pen Argyl, Pennsylvania.
Key Highlights
- Operating dry‑cleaning business included with the real estate
- 3‑bedroom apartment occupies the second floor
- Business has served the region for more than 20 years
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
$31,712
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
7.95%
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%
$634,240
$634.2K
Cap Rate 7%
$453,029
$453.0K
Cap Rate 9%
$352,356
$352.4K
Market Conditions
NOI Build-Up for 3,132 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
$56.4K $18.00/SF
− Vacancy
−$5.6K −$1.80/SF
EGI
$50.7K $16.20/SF
− OpEx
−$19.0K −$6.07/SF
NOI
$31.7K $10.13/SF
Area
Northampton County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$634,240
Cap Rate 7%
$453,029
Cap Rate 9%
$352,356
Alternative Uses
Best Use
Mixed Use
$453.0K
$396.4K – $528.5K
NOI $31,712 @ 7.0% cap · market cap 7.95%
Second Best
Retail
$346.5K
$303.2K – $404.3K
NOI $24,257 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$594.0K
$519.8K – $693.1K
NOI $41,583 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 91%
Beauty & Spa 9%
Turkey Hill Minit Market
Shops & Services
6,863 visits/mo
0.4 miles
Holiday Hair
Beauty & Spa
673 visits/mo
0.4 miles
Demographics for 18072, PA
6,734
Population
2,779
Households
2.4
Avg Household Size
43
Median Age
23%
College-Educated
87%
High-School Grad
14.9 sq mi
ZIP Area
452
Density / Sq Mi
$79,067
Median Household Income
$41,056
Median Earnings
$1,525
Median Rent
$244,100
Median Home Value
Market
Vacancy Rate% for Retail 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?
Mixed-use property - Includes an established first-floor business and an upper-level apartment.
Where is this mixed-use property located?
The property is located at 229 S Robinson Avenue Pen Argyl, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Operating dry‑cleaning business included with the real estate; 3‑bedroom apartment occupies the second floor; Business has served the region for more than 20 years
