One-Story Multi-Tenant Retail
For Sale
Contact for pricing
1235 Pocono Blvd, Mount Pocono, PA 18344
100% leased one-story retail plaza with 24,138 SF and 198 feet of frontage on Pocono Blvd/Route 611.
Property Size24,138 SF
Lot Size1.78 Acres
Price / SF$142.93
Days on Market51
Property Features for 1235 Pocono Blvd
General Information
Standard status
Active
Size
24,138 SF
Total Parking Spaces
40
Lot size
1.78 Acres
Property subtype
Retail
Zoning
C2
Occupancy
100%
Lease Type
Modified
Investment Type
Value Add
Net Operating Income
$262,850
Additional Details
Traffic Count
16,000 vehicles/day
Building Details
Year Built
1965
Buildings
2
Stories
1
Units
8
Tenancy
Multi
Listing Agency:
KW Commercial
(646) 671-8635
Listed By:
Robert Velez · License #PA RS330967
Source:
Crexi
Added: Jun 20
Changed: Aug 8
Last Checked: Aug 8 at 2:28PM
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 KW Commercial
Investment Insights
Based on property information with market context.
Belmont Plaza is a 24,138-square-foot, one-story, multi-tenant retail property presented as 100% leased. The center is situated on approximately 1.78 acres and includes 198 feet of frontage, supporting strong street-facing visibility for daily commerce. Tenant occupancy includes Sherwin-Williams, USPS, Domino's, UE Credit Union, and additional tenants.
The property is located along Pocono Blvd / Route 611 in Mount Pocono within an established commercial corridor. It offers convenient access for customers and benefits from exposure to over 16,000 vehicles per day, which can support consistent walk-in and drive-by traffic for neighborhood and regional retail needs.
With a diversified tenant mix across retail and service-oriented users, Belmont Plaza may appeal to buyers seeking an operational retail investment within a maintained, freestanding configuration. The center’s frontage and highway-adjacent location are practical considerations for tenants and operators looking for storefront identity, accessible customer flow, and a mix of established brands.
The property is located along Pocono Blvd / Route 611 in Mount Pocono within an established commercial corridor. It offers convenient access for customers and benefits from exposure to over 16,000 vehicles per day, which can support consistent walk-in and drive-by traffic for neighborhood and regional retail needs.
With a diversified tenant mix across retail and service-oriented users, Belmont Plaza may appeal to buyers seeking an operational retail investment within a maintained, freestanding configuration. The center’s frontage and highway-adjacent location are practical considerations for tenants and operators looking for storefront identity, accessible customer flow, and a mix of established brands.
Key Highlights
- 24,138 SF, 100% leased multi‑tenant retail plaza in Mount Pocono
- One‑story freestanding retail building built in 1965
- Located along Pocono Blvd / Route 611 with 198 ft of frontage and exposure to 16,000+ vehicles per day
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
$272,204
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
7.89%
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%
$5,444,080
$5.4M
Cap Rate 7%
$3,888,629
$3.9M
Cap Rate 9%
$3,024,489
$3.0M
Market Conditions
NOI Build-Up for 24,138 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
$434.5K $18.00/SF
− Vacancy
−$45.6K −$1.89/SF
EGI
$388.9K $16.11/SF
− OpEx
−$116.7K −$4.83/SF
NOI
$272.2K $11.28/SF
Area
Monroe County, PA
Vacancy
10.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$5,444,080
Cap Rate 7%
$3,888,629
Cap Rate 9%
$3,024,489
Alternative Uses
Best Use
Retail
$3.89M
$3.40M – $4.54M
NOI $272,204 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.22M
$6.32M – $8.43M
NOI $505,739 @ 7.0% cap · market cap 14.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
44k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 24%
Home Improvements & Furnishings 2%
Wendy's
Dining
18,745 visits/mo
0.2 miles
Dunkin' Donuts
Dining
10,378 visits/mo
0.2 miles
Dollar General
Shops & Services
6,493 visits/mo
0.1 miles
Domino's Pizza
Dining
3,560 visits/mo
0.1 miles
Valvoline Instant Oil Change
Shops & Services
2,096 visits/mo
0.2 miles
Demographics for 18344, PA
3,497
Population
1,621
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
83%
High-School Grad
7.8 sq mi
ZIP Area
448
Density / Sq Mi
$85,215
Median Household Income
$43,715
Median Earnings
$890
Median Rent
$171,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - 100% leased one-story retail plaza with 24,138 SF and 198 feet of frontage on Pocono Blvd/Route 611.
Where is this shopping center located?
The property is located at 1235 Pocono Blvd Mount Pocono, PA.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: 24,138 SF, 100% leased multi‑tenant retail plaza in Mount Pocono; One‑story freestanding retail building built in 1965; Located along Pocono Blvd / Route 611 with 198 ft of frontage and exposure to 16,000+ vehicles per day
