Building Details

Building Size 1,850 SF

Year Built 1970

Stories 2

Listing Agency: Mary Enck Realty Inc m***@ptd.net Show Phone

Listed By: Miriam Santiago · License #RS362705 Show Phone

Source: Amantearealestate

Added: Aug 7 Changed: Nov 2 Last Checked: Nov 4 at 6:05AM

Report an Issue

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 Mary Enck Realty Inc

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This mixed-use property in Milford combines a residential home with a garage/mechanical building and a barn/office. The garage arrangement generates land-rent income, while the barn/office is rented on a month-to-month basis. The home is part of the property’s residential component, and the site is zoned Commercial.

Built in 1970, the property is located at 111 Mountain Springs Road in Milford, Pennsylvania. Its combination of residential space and rented outbuildings supports a live-work configuration, subject to applicable zoning and approvals.

Key Highlights

• Residential home with garage/mechanical building and barn/office
• Garage/mechanical building generates land‑rent income
• Barn/office rental is month‑to‑month

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,727

Cap Rate

3.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$454,540 $454.5K

Cap Rate 7%

$324,671 $324.7K

Cap Rate 9%

$252,522 $252.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,850 SF

Gross rent

$38.9K $21.00/SF

− Vacancy

−$8.5K −$4.62/SF

EGI

$30.3K $16.38/SF

− OpEx

−$7.6K −$4.10/SF

NOI

$22.7K $12.29/SF

Area

Pike County, PA

Vacancy

22.00%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$454,540

Cap Rate 7%

$324,671

Cap Rate 9%

$252,522

Alternative Uses

Best Use

Office B

$324.7K

$284.1K – $378.8K (±1% cap)

NOI $22,727 @ 7.0% cap · market cap 3.27%

Second Best

Mixed Use

$267.6K

$234.1K – $312.2K (±1% cap)

NOI $18,731 @ 7.0% cap · market cap 2.70%

Theoretical Best

Office A

$451.5K

$395.0K – $526.7K (±1% cap)

NOI $31,602 @ 7.0% cap · market cap 4.55%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Automotive Revelations Auto Repair Shop LifeSafer Ignition Interlock Building Supply Walker Trucking & Excavating ... General Contractor Pps Excavating General Contractor

Suggested Use

Top Pick Storage Facility Big Box & Wholesale Store Carpet & Flooring Store Pharmacy Building Supply Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

50

Businesses Nearby

Explore this area Business Placement

Demographics for 18337, PA

15,519

Population

7,615

Households

2

Avg Household Size

47

Median Age

33%

College-Educated

95%

High-School Grad

71.8 sq mi

ZIP Area

216

Density / Sq Mi

$89,935

Median Household Income

$48,022

Median Earnings

$1,507

Median Rent

$284,200

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Similar For Sale Nearby

See more

Mixed-Use Building with Office Space

300 U.S. 6, Milford, PA 18337

$450,000

0.76 Acres

View details

Two-Story Stone Office Building

105 W Catharine Street, Milford, PA 18337

$550,000

0.07 Acres

View details

Mixed-Use Property with Apartment

509 Broad Street, Milford, PA 18337

$499,000

0.17 Acres

View details

Historic Storefront Building

100 2nd Street, Milford, PA 18337

$329,000

1,539 SF

View details

Two-Story Office Building

308 W Harford St, Milford, PA 18337

$399,900

1,128 SF

View details

Office Building on Acreage

113 Pocono Drive, Milford, PA 18337

$1,595,000

5,054 SF

View details

Six-Unit Apartment Building

812 Broad Street, Milford, PA 18337

$2,000,000

9,000 SF

View details

Restaurant and Pub with Outdoor Deck

Confidential, Milford, PA 18337

$2,250,000

9,285 SF

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - A residential home and income-generating outbuildings are situated on a commercially zoned property.

Where is this mixed-use property located?

The property is located at 111 Mountain Springs Road Milford, PA.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: Residential home with garage/mechanical building and barn/office; Garage/mechanical building generates land‑rent income; Barn/office rental is month‑to‑month