Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Neighborhood Shopping Center Space Available Title is generated by Realmo AI

    674 Route 196 Unit 1 Q-1, Tobyhanna, PA 18466

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Retail space available in a 65,000 SF shopping center.

    Type:General Commercial
    Property size:
    20,762 SF
    Price / SF:
    $0.00/SF
    Added:
    May 26, 2022
    Days on Market:
    1472
    Last Refresh:
    May 13 at 8:28 pm

    Property Features for 674 Route 196 Unit 1 Q-1

    General Information

    Standard status
    Active
    Size
    20,762 SF
    Property subtype
    General Commercial

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    Daniel Perich

    Listing agent Daniel Perich

    Listing office KW Commercial

    Listing date May 26, 2022

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial

    HighLights

    • Anchored by Rite Aid, a well‑known national pharmacy chain
    • Located in Carriage Square, a 65,000 square foot neighborhood shopping center
    • Situated at a lighted intersection
    • Surrounded by Pocono Farms residential development
    • Diverse tenant mix including Family Dollar, H&R Block, and restaurants
    • On‑site parking available

    Overview

    Space is available for lease within Carriage Square, a 65,000 square foot neighborhood shopping center comprising 16 units. The center is anchored by Rite Aid and hosts a variety of office and retail tenants, including Family Dollar, H&R Block, a pizzeria, a tobacco store, a hair salon, and a Chinese restaurant. The property is located at a lighted intersection and is surrounded by the Pocono Farms residential development. It is situated 3 miles north of the major 5 points intersection of State Routes 611, 940, and 196. The current traffic count along State Route 196 is 5,751 ADT. The property size is 20,762 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Map

    City
    Tobyhanna
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.3845
    Latitude
    41.2007

    Nearby Similar for Sale

    • $2,400,000
      76,308 SF

      Large-Scale Property in Tobyhanna Twp

      Spacious property ideal for redevelopment in the Pocono region.
      1110 Carriage Lane, Tobyhanna Twp, PA 18466
      View Details
    • $399,000
      4,736 SF

      Versatile Commercial Property on 1.74 Acres

      Multi-use commercial building on a 1.74-acre corner lot.
      954 Route 196, Tobyhanna, PA 18466
      View Details
    • $2,950,000
      18,444 SF

      Professional/Medical Office Building For Sale

      18,400 sq ft professional/medical office building in Tobyhanna, PA.
      300 Community Drive, Tobyhanna, PA 18466
      View Details
    • $349,900
      1,882 SF

      Turnkey Income Property Near Tobyhanna

      Three-unit property near Tobyhanna Lake, ideal for short-term rentals.
      2328 Lakeside Drive, Tobyhanna, PA 18466
      View Details
    • Contact for pricing
      420,000 SF

      Approved Warehouse Plan in Tobyhanna

      420,000+ SF warehouse plan with easy highway access.
      1180 Corporate Center Drive East, Tobyhanna , PA 18466
      View Details
    • $1,568,467
      6,067 SF

      Medical Office Investment Opportunity

      7.9 CAP Medical Office with LVHN-Pocono tenant.
      100 Community Dr., Ste #101, Tobyhanna, PA 18466
      View Details
    • $1,568,467
      6,067 SF

      Medical Imaging Center For Sale

      Medical imaging center with long-term lease and income.
      100 Community Dr., Ste #101, Tobyhanna, PA 18466
      View Details
    • $12
      1,025 SF

      Tobyhanna Retail Space For Sale

      Retail space available within a neighborhood shopping center.
      674 Route 196, Unit (Q1-B), Tobyhanna, PA 18466
      View Details
    • $12
      1,180 SF

      Retail Space in Tobyhanna

      Neighborhood shopping center space available, anchored by Rite Aid.
      674 Route 196, Unit (Q1-A), Tobyhanna, PA 18466
      View Details
    • $14
      2,000 SF

      Retail Space in Tobyhanna Center

      Retail space available in a 16-unit shopping center.
      674 Route 196, Unit 5 (N), Tobyhanna, PA 18466
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in a 65,000 SF shopping center.
    Where is this shopping center located?
    The property is located at 674 Route 196 Unit 1 Q-1 Tobyhanna, 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: Anchored by Rite Aid, a well‑known national pharmacy chain; Located in Carriage Square, a 65,000 square foot neighborhood shopping center; Situated at a lighted intersection
    (570) 213-4900
    We can help!
    Listing Contact
    Daniel Perich
    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

    Thank You for Inquiry
    674 Route 196, Unit 1 (Q-1), Tobyhanna, PA 18466
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!