Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    507 & I-84 Rte Greentown, PA 18426

    Sponsored
    For Sale
    Pending
    $350,000

    LAND - Greentown, PA

    Lot size:
    46.81 Acres
    Days on Market:
    42
    Last Refresh:
    Mar 3 at 1:06 am

    Property Features for 507 & I-84 Rte

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    101.00-01-27 015255
    Lot size
    46.81 Acres

    We can help!

    Listing Contact
    Tim Meagher
    Tim Meagher

    RE/MAX WAYNE (570) 253-9566

    Listing agent Tim Meagher (570) 253-9566

    Listing date Jan 21, 2026

    MLS# PW-254040 Listing URL

    Copyright © 2026 Pike/Wayne Association 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.

    Learn more

    Overview

    Prime Land with Route Frontage

    This property offers nearly 47 acres of land with visibility and extensive frontage on Route 507, adjacent to Interstate 84. The location has no zoning restrictions, providing flexibility for potential uses. Positioned along a major travel corridor, the property benefits from road frontage, access to interstate travel, and exposure to traffic. The property features a large sand and gravel pit, which may be utilized for building new roads or commercial enterprise. The property is close to gas, food, and services and just minutes from Lake Wallenpaupack and surrounding communities. The gently rolling terrain and large acreage create possibilities for development, investment, recreation, or long-term land holding. This property offers size, location, and flexibility.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Greentown
    County
    Pike
    State
    Pennsylvania
    Longitude
    -75.312567
    Latitude
    41.338689

    Nearby Similar for Sale

    • $975,000
      26,000 SF

      Greentown Commercial Building on 3.27 Acres

      26,000 SF commercial building near Interstate 84 Exit 20.
      1586 Rt 507, Greentown, PA 18426
      View Details
    • $975,000
      26,148 SF

      Versatile Commercial Building on 3.27 Acres

      26,000 SF commercial building on 3.27 acres in Greentown, PA.
      1586 Rt 507, Greentown, PA 18426
      View Details
    • $699,000
      3,600 SF

      Turn-key Restaurant Near Promised Land

      Updated restaurant with seating for 100+, includes liquor license.
      1045 Rt 390, Greentown, PA 18426
      View Details
    • $649,000
      1.87 Acres

      Commercial Office Space with Home

      Commercial office building with residential home near Rt 84.
      1345 Rt 507, Greentown, PA 18426
      View Details
    • $475,000
      1.40 Acres

      Established Restaurant and Bar Business

      Turn-key restaurant, bar, and remodeled house in Greentown, PA.
      905 Pa Rte 390, Greentown, PA 18426
      View Details
    • $699,000
      0.61 Acres

      Turn-key Restaurant Near Promised Land

      Updated restaurant with apartment, liquor license, near state park.
      1045 Rt 390, Greentown, PA 18426
      View Details
    • $475,000

      Family Restaurant and Bar Business

      Turn-key restaurant, bar, and remodeled residential property in Promised Land.
      905 Route 390, Greentown, PA 18426
      View Details
    • $395,000
      1,754 SF

      Greentown Restaurant - Turnkey Opportunity

      Prime Location, Fully Equipped, High Visibility
      1311 Rt 507, Greentown, PA 18426
      View Details
    • $975,000
      26,148 SF

      Prime Greentown Commercial Property

      Large building, ample land, ideal location.
      1586 Rt 507, Greentown, PA 18426
      View Details
    • $649,000

      Commercial Office with Residential Home

      Commercial office building with residential home near Route 84.
      1345 Route 507, Greentown, PA 18426
      View Details

    FAQs

    What type of property is this?
    Commercial land - 47 acres with high visibility and no zoning restrictions.
    Where is this commercial land located?
    The property is located at 507 & I-84 Rte Greentown, PA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Large acreage (nearly 47 acres) with no zoning restrictions, offering outstanding flexibility.; - Exceptional visibility and extensive frontage on Route 507, adjacent to Interstate 84, providing strong exposure and easy access.; - Prime location along a major travel corridor with high traffic volume.
    (570) 253-9566
    Request Owner's contact information
    507 & I-84 Rte Greentown, PA 18426
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    507 & I-84 Rte
    Greentown, PA 18426
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    507 & I-84 Rte Greentown, PA 18426
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tim Meagher
    Tim Meagher
    Real Estate License ID: RM421483
    (570) 253-9566
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!