Versatile Commercial Building on Large
For Sale
$1,100,000
2343 Route 611 Rte, Scotrun, PA 18355
8,000 SF building on 5.76 acres with ample parking.
Property Size8,020 SF
Lot Size5.76 Acres
Price / SF$137.16
Days on Market3212
Property Features for 2343 Route 611 Rte
General Information
Standard status
Active
Size
8,020 SF
Lot size
5.76 Acres
Property subtype
General Commercial
Amenities
3
On Site.
Paved Road, Concrete Road.
Building Details
Year Built
1935
Stories
1
Listing Agency:
Allentown
(610) 395-3334
Listed By:
Bairo Real Estate
(570) 688-8147
Source:
Xome
Added: Nov 15, 2017
Changed: Aug 12
Last Checked: Aug 31 at 3:39PM
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 Allentown
Investment Insights
Based on property information with market context.
This commercial building offers 8,000 square feet of space on a 5.76-acre lot. The property includes 175 parking spaces and 355 feet of frontage. Its zoning allows for various uses, including a retail plaza, professional complex, restaurant, automotive shop, or car dealership. The location is near local attractions and approximately 1.5 hours from both New York City and Philadelphia, potentially offering high profitability for any business.
Key Highlights
- 8,000 SF commercial building on a spacious 5.76 ACRE lot
- Ample parking with 175 spaces
- Boasting 355 FT of frontage
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
$90,442
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
8.22%
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%
$1,808,840
$1.8M
Cap Rate 7%
$1,292,029
$1.3M
Cap Rate 9%
$1,004,911
$1.0M
Market Conditions
NOI Build-Up for 8,020 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
$144.4K $18.00/SF
− Vacancy
−$15.2K −$1.89/SF
EGI
$129.2K $16.11/SF
− OpEx
−$38.8K −$4.83/SF
NOI
$90.4K $11.28/SF
Area
Monroe County, PA
Vacancy
10.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,808,840
Cap Rate 7%
$1,292,029
Cap Rate 9%
$1,004,911
Alternative Uses
Best Use
Office B
$1.80M
$1.58M – $2.10M
NOI $126,026 @ 7.0% cap · market cap 11.46%
Second Best
Specialty Retail
$1.48M
$1.30M – $1.73M
NOI $103,939 @ 7.0% cap · market cap 9.45%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,035 @ 7.0% cap · market cap 15.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Explore this area
Business Placement
Demographics for 18355, PA
1,514
Population
806
Households
1.9
Avg Household Size
49
Median Age
23%
College-Educated
87%
High-School Grad
10.5 sq mi
ZIP Area
144
Density / Sq Mi
$85,784
Median Household Income
$61,011
Median Earnings
$1,675
Median Rent
$238,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail property - 8,000 SF building on 5.76 acres with ample parking.
Where is this retail property located?
The property is located at 2343 Route 611 Rte Scotrun, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 8,000 SF commercial building on a spacious 5.76 ACRE lot; Ample parking with 175 spaces; Boasting 355 FT of frontage
