Medical Office
For Sale
$1,595,000
113 Pocono Drive, Milford, PA 18337
The property combines an existing professional building with a large parcel and on-site parking.
Property Size5,054 SF
Lot Size2.53 Acres
Price / SF$315.59
Days on Market101
Property Features for 113 Pocono Drive
General Information
Standard status
Active
Size
5,054 SF
Lot size
2.53 Acres
Property subtype
Business
Taxes and HOA fees
Annual Taxes
$23,438
Building Details
Building Size
5,054 SF
Year Built
1992
Buildings
1
Listing Agency:
Davis R. Chant Real Estate - Milford
Listed By:
Carly Longhenry · License #RB050157C
(570) 470-4285
Source:
Redstonerun
Added: Jul 23
Changed: Oct 31
Last Checked: Oct 31 at 3:22AM
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 Davis R. Chant Real Estate - Milford
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Investment Insights
Based on property information with market context.
A 5,054-square-foot medical office building constructed in 1992 sits on a 2.53-acre property. The site includes parking and additional land area that may accommodate expansion.
The property is at 113 Pocono Drive in Milford, Pennsylvania, just off Route 6 and Route 209.
The property is at 113 Pocono Drive in Milford, Pennsylvania, just off Route 6 and Route 209.
Key Highlights
- 5,054‑square‑foot medical office building
- 2.53‑acre parcel with room for expansion
- Built in 1992
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,088
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,241,760
$1.2M
Cap Rate 7%
$886,971
$887.0K
Cap Rate 9%
$689,867
$689.9K
Market Conditions
NOI Build-Up for 5,054 SF
Gross rent
$106.1K $21.00/SF
− Vacancy
−$23.3K −$4.62/SF
EGI
$82.8K $16.38/SF
− OpEx
−$20.7K −$4.10/SF
NOI
$62.1K $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%
$1,241,760
Cap Rate 7%
$886,971
Cap Rate 9%
$689,867
Alternative Uses
Best Use
Office B
$887.0K
$776.1K – $1.03M
NOI $62,088 @ 7.0% cap · market cap 3.89%
Second Best
Healthcare Medical
$860.7K
$753.1K – $1.00M
NOI $60,251 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,334 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Well-served
Demand for This Use
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The property combines an existing professional building with a large parcel and on-site parking.
Where is this medical office space located?
The property is located at 113 Pocono Drive Milford, PA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 5,054‑square‑foot medical office building; 2.53‑acre parcel with room for expansion; Built in 1992
