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    418 Daleville Highway Covington Twp, PA 18444

    View on Map
    For Sale
    $1,555,000

    COMMERCIAL - Covington Twp, PA

    Property size:
    22,883 SF
    Lot size:
    11.39 Acres
    Added:
    Jan 5, 2026
    Days on Market:
    85
    Last Refresh:
    Mar 31 at 3:06 pm

    Property Features for 418 Daleville Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commefrcial
    Parking
    114
    Parking features
    Off Street, Parking Lot
    Standard status
    Active
    APN
    21202020015
    Size
    22,883 SF
    Lot size
    11.39 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    18218

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    5
    Building materials
    Block

    We can help!

    Listing Contact
    Leah Gianacopoulos
    Leah Gianacopoulos

    Listing agent Leah Gianacopoulos License #RS325414

    Listing office ERA One Source Realty 230 Northern Blvd., Clarks Summit, PA

    Listing date Jan 5, 2026

    MLS# SC260044

    Copyright © 2026 Greater Scranton Board 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.

    Overview

    Commercial Property in North Pocono

    This commercial property, situated on 11.39 acres in the heart of the North Pocono business district, presents an opportunity for income potential and future growth. The property offers ample parking, visibility, and quick access to Interstates 380, 84, and 81. It consists of five separate buildings, totaling 22883 square feet, two of which have been recently updated, offering immediate usability while still leaving room for value-add opportunities. The property is suitable for a range of commercial uses. Active rental leases are in place, providing immediate income with the opportunity to further enhance returns through additional leasing, redevelopment, or business expansion. A new roof is planned for installation in 2025. The property is located in Covington Twp, Lackawanna County, PA.
    Location Intelligence

    Current Use by Public Records

    Covington Fitness Center Gym & Fitness Center SilverLeaf Global LLC ... Marketing & Advertising Superior Heavy Equipment ... Freight Service The Escape Day Spa Spa & Massage Center

    Suggested Use

    Real Estate Agency Restaurant Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Parts Store Spa & Massage Center Kitchen & Bath Showroom Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Covington Twp
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.520961
    Latitude
    41.305829

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    FAQs

    What type of property is this?
    Shopping center - Commercial property with income potential in the North Pocono business district.
    Where is this shopping center located?
    The property is located at 418 Daleville Highway Covington Twp, PA.
    What is the asking price?
    The asking price for this property is $1,555,000.
    What are key features of this property?
    This property features: Exceptional income potential with active rental leases; Prime location in the heart of the North Pocono business district with outstanding visibility; Quick access to Interstates 380, 84, and 81
    (570) 947-9250
    We can help!
    Listing Contact
    Leah Gianacopoulos
    Leah Gianacopoulos
    Real Estate License ID: RS325414
    Learn More
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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
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