Office Building with
For Sale
$1,595,000
113 Pocono Drive, Milford, PA 18337
Commercial Sale, Milford, PA
Property Size5,054 SF
Lot Size2.53 Acres
Price / SF$315.59
Days on Market47
Property Features for 113 Pocono Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
25
Parking features
Parking Lot
Lot features
Cleared, Rectangular Lot, Near General Business, Corner Lot
Elementary school district
Delaware Valley
Middle school district
Delaware Valley
High school district
Delaware Valley
Directions
Route 6 & 209 make left on Pocono Drive follow up to 113 Pocono Drive on right.
Standard status
Active
APN
097.00-01-29.002
Lot size
2.53 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
23439
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1992
Floors in Building
1
Flooring type
Concrete
Listing Agency:
Davis R. Chant - Milford
(570) 296-7717
Listed By:
Kassey Renna · License #RS366459
(570) 832-1114
Added: Jul 23
Changed: Aug 19
Last Checked: Sep 7 at 5:06PM
MLS# PW-262455
Copyright © 2026 Pike/Wayne Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 113 Pocono Drive in Milford, Pennsylvania, this office property sits on 2.53 acres with Commercial zoning. The building was constructed in 1992 and includes concrete flooring, electric heating, and a parking lot.
The property is positioned just off Routes 6 and 209 in Milford, with a site configuration that includes surface parking. Its address is 113 Pocono Drive, Milford, PA 18337, in Pike County.
The property is positioned just off Routes 6 and 209 in Milford, with a site configuration that includes surface parking. Its address is 113 Pocono Drive, Milford, PA 18337, in Pike County.
Key Highlights
- Office property on a 2.53‑acre Commercial‑zoned site
- Constructed in 1992
- Concrete flooring throughout the property
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
$62,088
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
3.89%
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%
$1,241,760
$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
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
$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 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%
$1,241,760
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
—
—
no second resolved use
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
134
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Commercial zoning, concrete flooring, electric heat, and a dedicated parking lot support the office configuration.
Where is this office building 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: Office property on a 2.53‑acre Commercial‑zoned site; Constructed in 1992; Concrete flooring throughout the property
