Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Poconos Horse Property with Barn Title is generated by Realmo AI

    191 Spring Run Dr, Saylorsburg, PA 18353

    View on Map
    Claim this Listing
    For Sale
    $748,500

    13.5 acre horse property with barn and indoor arena.

    Type:General Commercial
    Property size:
    2,880 SF
    Lot size:
    13.50 Acres
    Price / SF:
    $259/SF
    Added:
    Sep 13, 2021
    Days on Market:
    1718
    Last Refresh:
    May 12 at 9:33 pm

    Property Features for 191 Spring Run Dr

    General Information

    Standard status
    Active
    Size
    2,880 SF
    Lot size
    13.50 Acres
    Property subtype
    General Commercial

    Building Details

    Year Built
    1975

    We can help!

    Listing Contact
    Keller Williams Real Estate

    Listing agent Keller Williams Real Estate

    Listing office

    Listing date Sep 13, 2021

    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 Keller Williams Real Estate

    HighLights

    • 13.5 acre horse property featuring a 120' x 104' horse barn with 18 stalls, indoor area, wash bay, tack room, and outdoor arena.
    • Newly renovated home boasts new paint, flooring, and black‑stainless kitchen appliances.
    • The property includes a 24'x24' storage area adaptable for living or commercial use.
    • Located in desirable Hamilton Township.
    • Benefit from Act 319 for lower taxes.
    • Home features 2 bedrooms, 2 full bathrooms, large family room, eat‑in kitchen, dining/living room, full basement, and attached 2‑car garage.

    Overview

    Located in the heart of the Poconos, this horse property features 13.5 acres. The property includes a house and a 120' x 104' horse barn equipped with 18 stalls, an indoor area, a wash bay, and a tack room, as well as an outdoor arena. The home has 2 bedrooms and 2 full bathrooms, a large family room, an eat-in kitchen, and a dining/living room. It also features a full basement with laundry hookup, a utility room with shelving, and an extra room. There is an attached 2-car garage. The home has been newly painted throughout, with new flooring in the family room and bedrooms. The kitchen includes brand new black-stainless appliances. A 24'x24' storage area between the house and barn can be converted to extra living area or for commercial use. The property is located in desirable Hamilton Township. Fencing can be added for a pasture area. The property is subject to ACT 319 for lower taxes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Restaurant Law Firm Building Supply Auto Repair Shop Hotel & Motel Department Store Kitchen & Bath Showroom Food Market Bar & Pub Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Saylorsburg
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.3702
    Latitude
    40.9031

    Nearby Similar for Sale

    • $625,000
      2,156 SF

      Retail and Residential Opportunity

      Two parcels with retail space and a charming farmhouse.
      772 Route 115, SAYLORSBURG, PA 18353
      View Details
    • $3,000
      3,575 SF

      Airplane Hangar or Warehouse Space

      Unique rental opportunity: airplane hangar, car storage, or warehouse.
      Lower Cherry Valley Road, Hamilton Twp, PA 18353
      View Details
    • $479,000
      3,164 SF

      Two-Unit Property on 4.88 Acres

      Two-unit property with updated features on a spacious lot.
      409 Warner Drive, Chestnuthill Twp, PA 18353
      View Details
    • $884,900

      Saylorsburg Manufactured Home Park

      Family-owned manufactured home park with 15 sites in Saylorsburg, PA.
      314 Nathan Lane, Saylorsburg, PA 18353
      View Details
    • $479,000
      3,164 SF

      Saylorsburg Duplex on Wooded Acres

      Two-unit property on 4.88 acres with separate utilities.
      409 Warner Drive, Saylorsburg, PA 18353
      View Details
    • $3,900
      5,320 SF

      Former Daycare Facility on Route 715

      5,320 SF former daycare facility, ample parking, Route 715.
      1029 Route 715, Day Care, Saylorsburg, PA 18353
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - 13.5 acre horse property with barn and indoor arena.
    Where is this horse & equestrian property located?
    The property is located at 191 Spring Run Dr Saylorsburg, PA.
    What is the asking price?
    The asking price for this property is $748,500.
    What are key features of this property?
    This property features: 13.5 acre horse property featuring a **120' x 104' horse barn** with 18 stalls, indoor area, wash bay, tack room, and outdoor arena.; Newly renovated home boasts new paint, flooring, and black‑stainless kitchen appliances.; The property includes a 24'x24' storage area adaptable for living or commercial use.
    (570) 992-1010
    We can help!
    Listing Contact
    Keller Williams Real Estate
    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
    191 Spring Run Dr, Saylorsburg, PA 18353
    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!