Building Details

Year built 1971

Floors in Building 2

Listing Agency: RE/MAX of the Poconos · RE/MAX International Show Phone

Listed By: Keith S. Torregrossa · License #RM421450 Show Phone

Added: Aug 18, 2025 Changed: Aug 25 Last Checked: Sep 3 at 10:06AM

Report an Issue

MLS# PM-135111

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 commercial property comprises 23 units across multiple buildings on 1.5 acres. The complex contains approximately 7,000 square feet and was built in 1971. Recent improvements include new roofs and siding, while occupancy is reported at nearly 100%. The property is served by a well and carries MU-V zoning.

Located at 2413 Route 390 in Canadensis, Pennsylvania, the property is positioned near state parks, Skytop Resort, dining, and local amenities. Its setting in Monroe County places the complex within the Poconos region, with a multi-unit configuration suited to commercial and rental operations supported by the existing occupancy profile.

Key Highlights

• 23 units across multiple buildings
• Approximately 7,000 square feet on 1.5 acres
• Nearly 100% occupancy

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

$83,160

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

4.26%

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%

$1,663,200 $1.7M

Cap Rate 7%

$1,188,000 $1.2M

Cap Rate 9%

$924,000 $924.0K

Market Conditions

NOI Build-Up for 7,000 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

$151.2K $21.60/SF

− Vacancy

−$18.1K −$2.59/SF

EGI

$133.1K $19.01/SF

− OpEx

−$49.9K −$7.13/SF

NOI

$83.2K $11.88/SF

Area

Monroe County, PA

Vacancy

12.00%

Lease Rate

$21.60 /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%

$1,663,200

Cap Rate 7%

$1,188,000

Cap Rate 9%

$924,000

Alternative Uses

Best Use

Mixed Use

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,160 @ 7.0% cap · market cap 4.26%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.10M

$1.83M – $2.44M (±1% cap)

NOI $146,664 @ 7.0% cap · market cap 7.52%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Mixed-use properties

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Storage Facility Carpet & Flooring Store (Bike/Boat/Book/etc) Store Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

68

Businesses Nearby

Explore this area Business Placement

Demographics for 18325, PA

2,284

Population

1,415

Households

1.6

Avg Household Size

51

Median Age

49%

College-Educated

96%

High-School Grad

43.0 sq mi

ZIP Area

53

Density / Sq Mi

$114,885

Median Household Income

$59,250

Median Earnings

$241,800

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

7-Unit Apartment Building

111 Rippling Brook Road, Canadensis, PA 18325

$700,000

3,874 SF

View details

Updated Apartment Buildings

2413 Route 390, Canadensis, PA 18325

$1,950,000

7,000 SF

View details

Multifamily Property with Stream

111 Rippling Brook Road, Canadensis, PA 18325

$700,000

10.13 Acres

View details

Two-Unit Duplex Property

479 Golf Drive, Canadensis, PA 18325

$425,000

2,781 SF

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - Multi-building commercial property with updated roofs and siding and nearly full occupancy.

Where is this mixed-use property located?

The property is located at 2413 Route 390 Canadensis, PA.

What is the asking price?

The asking price for this property is $1,950,000.

What are key features of this property?

This property features: 23 units across multiple buildings; Approximately 7,000 square feet on 1.5 acres; Nearly 100% occupancy