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    6587 Sullivan Trl Wind Gap, PA 18091

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    For Sale
    $1,425,000

    Commercial land with high traffic count and development potential.

    Lot size:
    8.95 Acres

    Property Features for 6587 Sullivan Trl

    General Information

    Lot size
    8.95 Acres

    We can help!

    Listing Contact
    Amy Hawley
    Source: Moodyscre

    Listing Agent: Amy Hawley

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

    Learn more

    Overview

    Highway Interchange Zoned Land

    This property is zoned Highway Interchange, permitting multiple commercial and light industrial uses. The site features public utilities, level topography, and a cleared area with a large parking area. Existing structures include a 792 square foot freestanding brick and concrete block storage building, measuring 44 feet by 18 feet, with an exterior 648 square foot concrete pad for outside storage (35 feet by 18 feet), a peaked roof line, two ground-level double loading doors, a concrete slab floor, and a 10-foot height dropped ceiling. The storage building is divided into two sections and lacks plumbing and electricity, making it suitable for storage uses. Additionally, there is a former 8,069 square foot restaurant building on the property. The site has 1574 feet of frontage along Rt. 33 and benefits from a daily traffic count of 68,000 vehicles. Located equidistant to the Easton and Stroudsburg areas via Route 33, the property is 80 miles west of the Newark airport and ports and 90 miles west of New York City. Wind Gap is experiencing rapid growth, with several new development projects underway, presenting a significant development opportunity.
    Location Intelligence

    Current Use by Public Records

    TWK Construction Masonry Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Wind Gap
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.295944
    Latitude
    40.826694

    Nearby Similar for Sale

    • $1,400,000
      Pending

      Turnkey Restaurant Opportunity in Lehigh Valley

      Profitable restaurant with liquor license, drive-thru, and loyal clientele.
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    • Contact for pricing
      183,168 SF

      Giant Anchored Shopping Center

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    FAQs

    What type of property is this?
    Commercial land - Commercial land with high traffic count and development potential.
    Where is this commercial land located?
    The property is located at 6587 Sullivan Trl Wind Gap, PA.
    What is the asking price?
    The asking price for this property is $1,425,000.
    What are key features of this property?
    This property features: - High Traffic Count: 68,000 daily traffic count along Rt. 33 provides exceptional visibility and exposure.; - Highway Interchange Zoning: Permits multiple commercial and light industrial uses, offering diverse development opportunities.; - Strategic Location: Equidistant to Easton and Stroudsburg via Route 33, with convenient access to major transportation hubs (Newark airport/ports and New York City).
    (610) 217-1749
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    6587 Sullivan Trl Wind Gap, PA 18091
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    Wind Gap, PA 18091
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    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
    6587 Sullivan Trl Wind Gap, PA 18091
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    Listing Contact
    Amy Hawley
    (610) 217-1749
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