Single-Family Home with
For Sale
$249,900
5083 Route 115, Blakeslee, PA 18610
Commercial Sale, Blakeslee, PA
Property Size1,296 SF
Lot Size1.00 Acre
Price / SF$192.82
Days on Market51
Property Features for 5083 Route 115
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2 General Com
Zoning description
Commercial
Basement
French Drain, Full
Subdivision
Analomink Lake
Elementary school district
Pocono Mountain
Middle school district
Pocono Mountain
High school district
Pocono Mountain
Standard status
Active
APN
20.12.1.46
Size
1,296 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2431
Utilities
Heating system
Oil
Cooling system
Ceiling Fan(s)
Water source
Well
Building Details
Year built
1928
Floors in Building
1
Flooring type
Vinyl
Building materials
Vinyl Siding
Roof type
Shingle, Rubber
Listing Agency:
Smart Way America Realty
5703715173x801
Listed By:
Gregory Vassilatos
(570) 371-5173
Added: Jul 27
Changed: Sep 13
Last Checked: Sep 15 at 6:06AM
MLS# PM-143375
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.
A newly remodeled 1-story ranch home offering three bedrooms and two bathrooms on a full acre lot. The property has been updated with a new roof, new flooring throughout, an updated kitchen, and refreshed bathrooms. The mostly cleared, level lot includes open space plus a storage shed that can also function as a small workshop. The home also features two separate entry and exit points directly onto Route 115.
This property is zoned C-2 General Com, providing general commercial zoning flexibility alongside residential use. It is located in Blakeslee, with convenient access to Pocono Raceway, Route 80, Lake Harmony, and shopping within a 10–15 minute drive, depending on destination.
Served by separate drive access points and supported by its full-acre site, the layout is designed to accommodate multiple ways of using the property while remaining move-in ready as a home.
This property is zoned C-2 General Com, providing general commercial zoning flexibility alongside residential use. It is located in Blakeslee, with convenient access to Pocono Raceway, Route 80, Lake Harmony, and shopping within a 10–15 minute drive, depending on destination.
Served by separate drive access points and supported by its full-acre site, the layout is designed to accommodate multiple ways of using the property while remaining move-in ready as a home.
Key Highlights
- Newly remodeled 3‑bedroom, 2‑bath 1‑story ranch home built in 1928
- Full acre lot that is mostly cleared and level, with a storage shed that can be used as a workshop
- New flooring throughout plus an updated kitchen and refreshed bathrooms
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
$11,614
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
4.65%
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%
$232,280
$232.3K
Cap Rate 7%
$165,914
$165.9K
Cap Rate 9%
$129,044
$129.0K
Market Conditions
NOI Build-Up for 1,296 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
$21.9K $16.92/SF
− Vacancy
−$811 −$0.63/SF
EGI
$21.1K $16.29/SF
− OpEx
−$9.5K −$7.33/SF
NOI
$11.6K $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%
$232,280
Cap Rate 7%
$165,914
Cap Rate 9%
$129,044
Alternative Uses
Best Use
Apartment 5plus
$165.9K
$145.2K – $193.6K
NOI $11,614 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$387.9K
$339.4K – $452.6K
NOI $27,154 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
27
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
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Frequently Asked Questions
What type of property is this?
Single family property - Remodeled 1-story ranch on a full acre with C-2 General Commercial zoning and a billboard.
Where is this single family property located?
The property is located at 5083 Route 115 Blakeslee, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Newly remodeled 3‑bedroom, 2‑bath 1‑story ranch home built in 1928; Full acre lot that is mostly cleared and level, with a storage shed that can be used as a workshop; New flooring throughout plus an updated kitchen and refreshed bathrooms
