Single-Story Office
For Sale
$2,950,000
300 Community Drive, Tobyhanna, PA 18466
COMMERCIAL - Tobyhanna, PA
Property Size18,400 SF
Lot Size2.56 Acres
Price / SF$159.94
Days on Market448
Property Features for 300 Community Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Elementary school district
Pocono Mountain
Middle school district
Pocono Mountain
High school district
Pocono Mountain
Subdivision
Coolbaugh Township
Standard status
Active
APN
03.96050
Size
18,444 SF
Lot size
2.56 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
The Courtyard
Tax Annual Amount
64032
Legal Description
The Courtyard
Building Details
Year built
2007
Floors in Building
1
Listing Agency:
SER Commercial Real Estate, LLC
(570) 431-7400
Listed By:
Donald S Hannig · License #RM424481
(570) 431-7400
Added: May 27, 2025
Changed: Aug 4
Last Checked: Aug 17 at 8:06AM
MLS# PM-132588
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.
The Courtyard Building is a single-story office property with nine professional and medical suites. The configuration supports a combination of occupied space and areas available for an owner-user, with several suites described as move-in ready. The building was constructed in 2007 and is situated on a 2.56-acre parcel within Pocono Mountains Corporate Center East.
Positioned along Route 611 at 300 Community Drive, the property includes over 125 surface parking spaces and public bus service at the front entrance. Regional connections include nearby Interstates 380 and 80, while Commercial zoning supports its office-oriented use.
Positioned along Route 611 at 300 Community Drive, the property includes over 125 surface parking spaces and public bus service at the front entrance. Regional connections include nearby Interstates 380 and 80, while Commercial zoning supports its office-oriented use.
Key Highlights
- Nine‑suite single‑story professional and medical office building
- 2.56‑acre parcel in Pocono Mountains Corporate Center East
- Over 125 surface parking spaces
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
$219,912
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
7.45%
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%
$4,398,240
$4.4M
Cap Rate 7%
$3,141,600
$3.1M
Cap Rate 9%
$2,443,467
$2.4M
Market Conditions
NOI Build-Up for 18,444 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
$398.4K $21.60/SF
− Vacancy
−$31.9K −$1.73/SF
EGI
$366.5K $19.87/SF
− OpEx
−$146.6K −$7.95/SF
NOI
$219.9K $11.92/SF
Area
Monroe County, PA
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
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%
$4,398,240
Cap Rate 7%
$3,141,600
Cap Rate 9%
$2,443,467
Alternative Uses
Best Use
Office B
$4.14M
$3.62M – $4.83M
NOI $289,829 @ 7.0% cap · market cap 9.82%
Second Best
Healthcare Medical
$3.14M
$2.75M – $3.67M
NOI $219,912 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$5.52M
$4.83M – $6.44M
NOI $386,439 @ 7.0% cap · market cap 13.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Explore this area
Business Placement
Demographics for 18466, PA
17,000
Population
7,892
Households
2.2
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
35.0 sq mi
ZIP Area
486
Density / Sq Mi
$77,508
Median Household Income
$35,396
Median Earnings
$1,795
Median Rent
$181,300
Median Home Value
Market
Vacancy Rate% for Office 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?
Office building - Professional and medical suites offer flexible space for established businesses and owner-users.
Where is this office building located?
The property is located at 300 Community Drive Tobyhanna, PA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Nine‑suite single‑story professional and medical office building; 2.56‑acre parcel in Pocono Mountains Corporate Center East; Over 125 surface parking spaces
