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

    508 Lake Drive Henryville, PA 18332

    View on Map
    For Sale
    Contact for pricing

    LAND - Henryville, PA

    Lot size:
    0.48 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    18
    Last Refresh:
    Apr 5 at 10:06 am

    Property Features for 508 Lake Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1
    Vegetation
    Wooded
    Standard status
    Active
    APN
    12.4A.2.69
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lot 508 Sec C
    Tax Annual Amount
    482

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    James Galligan

    Listing agent James Galligan

    Listing office Keller Williams Real Estate - Stroudsburg 803 Main 803 Main Street, Stroudsburg, PA

    Listing date Mar 19, 2026

    MLS# PM-139599

    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.

    Overview

    Land in Desirable Lake Community

    This 0.48-acre lot presents an opportunity to build a full-time home, vacation getaway, or investment property in a desirable lake community. The location offers privacy and convenient access to Route 611, Route 80, and Poconos attractions such as Camelback, Kalahari, Great Wolf Lodge, and Mount Airy Casino. Additional opportunities exist with neighboring lots also available for purchase, offering the chance to secure multiple parcels for added privacy, expansion, or future investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Auto Repair Shop (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Henryville
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.288223
    Latitude
    41.075671

    Nearby Similar for Sale

    • $369,900
      1,663 SF

      Henryville Commercial Property with Workshop

      Renovated home with commercial zoning, garages, and workshop.
      208 Shine Hill Road, Henryville, PA 18332
      View Details
    • $19,900

      Pocono Mountain Retreat Land

      One-acre wooded lot in Pocono Highland Estates.
      Sunrise Loop lot: 12, Henryville, PA 18332
      View Details
    • $625,000
      2,975 SF

      Turnkey Restaurant with Income Potential

      Established Poconos restaurant with apartment for sale.
      3150 Pennsylvania 715, Henryville, PA 18332
      View Details
    • $8,500

      Poconos Building Lot Opportunity

      Prime building lot in a Poconos lake community.
      616 Jungfrau Drive, Henryville, PA 18332
      View Details
    • $8,500

      Land in Peaceful Lake Community

      0.74 acre lot in a peaceful lake community.
      812 Lake Drive, Henryville, PA 18332
      View Details
    • $165,000

      Poconos Wooded Land Parcel

      13.3-acre wooded parcel in the Poconos with stream.
      Cherry Ln Church Rd T 535, Henryville, PA 18332
      View Details
    • $165,000

      Pocono Twp Wooded Land Parcel

      13.3-acre wooded parcel in the Poconos with stream.
      Cherry Lane Church Road unit: T 535, Pocono Twp, PA 18332
      View Details
    • $65,000

      Land in Quaint Henryville Community

      1.72 acres in a desirable, convenient location.
      Sunlight Dr 11, Henryville, PA 18332
      View Details
    • $9,000

      Vacant Lot in Timber Hill

      Wooded lot in Timber Hill community with amenities and Pocono attractions.
      Sugarbush Rd 410, Henryville, PA 18332
      View Details
    • $16,500

      Poconos Land in Lake Community

      Over 1.3 acres in a desirable lake community.
      2238 Lake Drive, Henryville, PA 18332
      View Details
    • $30,000

      Lakefront Land in Pocono Township

      0.45 acre vacant land in a relaxing lake community.
      2747 Lake Drive, Pocono Twp, PA 18332
      View Details
    • $18,000

      Land in Timber Hill Community

      1.15 acre lot in Timber Hill, Henryville, PA.
      Tahoe Lane lot: 701, Henryville, PA 18332
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Prime lot in Henryville, PA, near Poconos attractions.
    Where is this residential land & home lot located?
    The property is located at 508 Lake Drive Henryville, PA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime lot in a desirable lake community.; Convenient location: **minutes to Rt 611, Rt 80, Camelback, Kalahari, Great Wolf Lodge, and Mount Airy Casino.**; Opportunity to purchase neighboring lots for added privacy or expansion (MLS# PM‑139598 & PM‑139600).
    (570) 421-2890
    We can help!
    Listing Contact
    James Galligan
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!