Versatile Commercial Property, Blakeslee,
For Sale
$319,000
4080 Route 115, Blakeslee, PA 18610
COMMERCIAL - Blakeslee, PA
Property Size2,036 SF
Lot Size2.06 Acres
Price / SF$156.68
Days on Market277
Property Features for 4080 Route 115
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Basement
Full, Exterior Entry, Unfinished, Walk-Up Access, Concrete
Lot features
Level, Back Yard, Front Yard, Cleared, Wooded
Elementary school district
Pocono Mountain
Middle school district
Pocono Mountain
High school district
Pocono Mountain
Subdivision
Tunkhannock Township
Standard status
Active
APN
20.7.1.15
Size
2,036 SF
Lot size
2.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4870
Utilities
Sewer type
Mound Septic
Heating system
Electric (Heating), Baseboard
Cooling system
Window Unit(s)
Water source
Well
Building Details
Year built
1956
Floors in Building
2
Flooring type
Tile - Ceramic, Vinyl
Roof type
Shingle, Wood
Listing Agency:
exp Realty, LLC - Philadelphia
(888) 397-7352
Listed By:
Miquan Asia McLaurin
(888) 397-7352
Added: Nov 20, 2025
Changed: Aug 4
Last Checked: Aug 24 at 10:06PM
MLS# PM-137377
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 property, situated in Blakeslee, PA, offers over 2 acres of land with both residential and commercial possibilities and no HOA restrictions. The property includes a Cape Cod style home featuring 4 bedrooms, 1 full bath, a modern kitchen with ceramic tile, and laminate flooring. A new water heater and septic system have been installed. The basement offers additional space for customization. Car enthusiasts will appreciate the multi-car garage space, accommodating up to 8 vehicles, along with multiple outbuildings, including two small cottages, additional garages, and storage structures. There is also a bear-proof garbage encasement. The expansive grounds include apple trees and versatile outdoor spaces suitable for various uses and future development. The property is being sold AS-IS, and no repairs will be made.
Key Highlights
- Over 2 acres of land with no HOA, offering residential and commercial possibilities.
- Multi‑car garage space for up to 8 vehicles, plus multiple outbuildings including cottages and storage.
- New water heater and new septic system.
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
$18,246
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
5.72%
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%
$364,920
$364.9K
Cap Rate 7%
$260,657
$260.7K
Cap Rate 9%
$202,733
$202.7K
Market Conditions
NOI Build-Up for 2,036 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
$34.4K $16.92/SF
− Vacancy
−$1.3K −$0.63/SF
EGI
$33.2K $16.29/SF
− OpEx
−$14.9K −$7.33/SF
NOI
$18.2K $8.96/SF
Area
Monroe County, PA
Vacancy
3.70%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
45.00%
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%
$364,920
Cap Rate 7%
$260,657
Cap Rate 9%
$202,733
Alternative Uses
Best Use
Apartment 5plus
$260.7K
$228.1K – $304.1K
NOI $18,246 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$609.4K
$533.2K – $711.0K
NOI $42,658 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 18610, PA
4,810
Population
2,117
Households
2.3
Avg Household Size
45
Median Age
27%
College-Educated
89%
High-School Grad
33.1 sq mi
ZIP Area
145
Density / Sq Mi
$64,875
Median Household Income
$32,467
Median Earnings
$1,491
Median Rent
$222,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - 2+ acres with residential and commercial potential, multi-car garage.
Where is this single family property located?
The property is located at 4080 Route 115 Blakeslee, PA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Over 2 acres of land with no HOA, offering residential and commercial possibilities.; Multi‑car garage space for up to 8 vehicles, plus multiple outbuildings including cottages and storage.; New water heater and new septic system.
