Gas Station Convenience
For Sale
$585,000
5243 Milford Rd, East Stroudsburg, PA 18302
Includes a convenience store, 1-bay garage, and three one-bedroom apartments above.
Property Size2,510 SF
Price / SF$233.07
Days on Market1986
Property Features for 5243 Milford Rd
General Information
Standard status
Active
Size
2,510 SF
Total Parking Spaces
50
Property subtype
General Commercial
Financials
Cap Rate
10.6%
Business Included
Yes
Additional Details
Road Access
Yes
Service Bays
1
Multifamily Units
3
Amenities
3
On Site.
Paved Road, Public Roads, City Road, State Road.
Building Details
Year Built
1938
Stories
1
Listing Agency:
(800) 648-4421
Listed By:
Allentown
(570) 476-1851
Source:
Xome
Added: Mar 29, 2021
Changed: Sep 4
Last Checked: Sep 4 at 4:02AM
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 Allentown
Investment Insights
Based on property information with market context.
This well-established, turnkey property combines a convenience store with a 1-bay garage and three one-bedroom apartments located on the second floor. The site includes two Citgo-branded gas pumps serving the store.
The property also features a second building measuring 40x100 with a long-standing tenant, along with parking for up to 50 cars. Located at 5243 Milford Rd in East Stroudsburg, Pennsylvania, it sits on heavily traveled Rt 209 next to Pocono Palace Resort. The seller is projecting $12,000 per month gross and $9,600 per month net, based on a 10.6% projected cap rate at an asking price of $585,000.
The property also features a second building measuring 40x100 with a long-standing tenant, along with parking for up to 50 cars. Located at 5243 Milford Rd in East Stroudsburg, Pennsylvania, it sits on heavily traveled Rt 209 next to Pocono Palace Resort. The seller is projecting $12,000 per month gross and $9,600 per month net, based on a 10.6% projected cap rate at an asking price of $585,000.
Key Highlights
- Projected income: $12K/month projected gross and $9.6K/month projected net with a 10.6% projected cap rate at a $585k asking price
- Convenience store plus a 1‑bay garage, with two Citgo‑branded gas pumps
- Three (3) one‑bedroom apartments located on the 2nd floor
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
$32,530
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
5.56%
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%
$650,600
$650.6K
Cap Rate 7%
$464,714
$464.7K
Cap Rate 9%
$361,444
$361.4K
Market Conditions
NOI Build-Up for 2,510 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
$45.2K $18.00/SF
− Vacancy
−$1.8K −$0.72/SF
EGI
$43.4K $17.28/SF
− OpEx
−$10.8K −$4.32/SF
NOI
$32.5K $12.96/SF
Area
Monroe County, PA
Vacancy
4.00%
Lease Rate
$18.00 /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%
$650,600
Cap Rate 7%
$464,714
Cap Rate 9%
$361,444
Alternative Uses
Best Use
Specialty Retail
$464.7K
$406.6K – $542.2K
NOI $32,530 @ 7.0% cap · market cap 5.56%
Second Best
Retail
$404.4K
$353.8K – $471.8K
NOI $28,305 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$751.3K
$657.4K – $876.5K
NOI $52,590 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Service bays
3
Residential units
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Explore this area
Business Placement
Demographics for 18302, PA
17,685
Population
8,089
Households
2.2
Avg Household Size
43
Median Age
23%
College-Educated
92%
High-School Grad
62.4 sq mi
ZIP Area
283
Density / Sq Mi
$87,044
Median Household Income
$36,807
Median Earnings
$1,238
Median Rent
$219,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Includes a convenience store, 1-bay garage, and three one-bedroom apartments above.
Where is this gas station located?
The property is located at 5243 Milford Rd East Stroudsburg, PA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Projected income: $12K/month projected gross and $9.6K/month projected net with a 10.6% projected cap rate at a $585k asking price; Convenience store plus a 1‑bay garage, with two Citgo‑branded gas pumps; Three (3) one‑bedroom apartments located on the 2nd floor
