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

    196 2 Tobyhanna, PA 18466

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Massive space, flexible layout, prime location.

    Property size:
    22,967 SF

    Property Features for 196 2

    General Information

    Property type
    Other commercial real estate
    Square Feet
    22,967 SF
    Lot Size
    5,032,487 SF

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    Tracey Scofield

    Listing Agency: KW Commercial - Main St Listing Agent: Tracey Scofield

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

    Learn more

    Overview

    This exceptional commercial property in Tobyhanna, PA, presents a rare opportunity for businesses seeking expansive space with significant adaptability. Boasting nearly 23,000 square feet of interior space, this general commercial building offers a nearly unencumbered clear span layout, ideal for a wide range of uses. The existing structure features a block exterior, easily modified to accommodate additional roll-up grade-level drive-in doors if required, enhancing accessibility and operational efficiency. The sheer size of the property allows for single-tenant occupancy or flexible division to suit multiple tenants' needs. This versatility makes it perfect for businesses requiring large-scale operations or those seeking to subdivide and lease portions of the space. The property sits on a substantial 115.53-acre lot, providing ample room for expansion, outdoor storage, or additional development. Its location in Tobyhanna offers excellent access to major transportation routes, ensuring convenient logistics and accessibility for employees and customers. This is a unique opportunity to acquire a significant commercial property with immense potential for growth and customization. The asking price is $6 million. Serious inquiries only.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Real Estate Agency Pharmacy Hotel & Motel HVAC Service Travel Agency Computer & Electronic Repair Cosmetic Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Tobyhanna
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.44785
    Latitude
    41.22538

    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 Ln, 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 Dr, Tobyhanna, 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
    • $1,568,467
      6,067 SF

      Medical Office Investment Opportunity

      7.9 CAP Medical Office with LVHN-Pocono tenant.
      100 Community Dr, Tobyhanna, PA 18466
      View Details
    • $500,000
      1,440 SF

      Tobyhanna Commercial Property with Garage

      High-visibility commercial property with garage and residential home.
      339 Route 196, Tobyhanna, PA 18466
      View Details
    • Contact for pricing

      Approved Warehouse Plan in Tobyhanna

      420,000+ SF warehouse plan with easy highway access.
      1180 Corporate Center Dr East, Tobyhanna, PA 18466
      View Details
    • Contact for pricing
      1,180 SF

      Prime Tobyhanna Commercial Space

      1,180 sqft Retail Space for Lease
      674 Route 196, Tobyhanna, PA 18466
      View Details
    • Contact for pricing
      2,000 SF

      Prime Tobyhanna Commercial Space

      High-traffic retail space for lease.
      674 Route 196, Tobyhanna, PA 18466
      View Details
    • Contact for pricing
      1,025 SF

      Tobyhanna Commercial Space for Lease

      Prime Retail Space, High Traffic Area
      674 Route 196, Tobyhanna, PA 18466
      View Details
    • $1,568,467
      6,067 SF

      Prime Medical Office Condo in Tobyhanna, PA

      High-Yield Medical Office Investment
      100 Community Dr, Tobyhanna, PA 18466
      View Details
    • $1,568,467
      6,067 SF

      Prime Tobyhanna Medical Office Space

      High-Income Medical Office Condo, PA
      100 Community Dr. Ste, Tobyhanna, PA 18466
      View Details
    • Contact for pricing
      600 SF

      High-Traffic Tobyhanna Commercial Space

      Prime location, 600 sq ft office, ample parking.
      Rte 196 Rte, Tobyhanna, PA 18466
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Massive space, flexible layout, prime location.
    Where is this commercial real estate located?
    The property is located at 196 2 Tobyhanna, PA.
    What is the asking price?
    The asking price for this property is $6.
    (570) 424-0926
    Request Owner's contact information
    196 2 Tobyhanna, PA 18466
    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.
    196 2
    Tobyhanna, PA 18466
    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
    196 2 Tobyhanna, PA 18466
    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
    Tracey Scofield
    (570) 424-0926 (570) 213-4900
    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!