Two-Building Warehouse
For Sale
$2,500,000
132 Commercial Boulevard, Blakeslee, PA 18610
COMMERCIAL - Blakeslee, PA
Property Size15,600 SF
Lot Size4.24 Acres
Price / SF$160.26
Days on Market96
Property Features for 132 Commercial Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Elementary school district
Pocono Mountain
Middle school district
Pocono Mountain
High school district
Pocono Mountain
Subdivision
Tobyhanna Township
Standard status
Active
APN
19.92102
Size
15,600 SF
Lot size
4.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6031
Utilities
Sewer type
Public Sewer
Water source
Well
Building Details
Year built
1984
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Mary Enck Realty Inc
(570) 722-8000
Listed By:
Susan J Eckert · License #RS250648
(570) 722-9261
Added: May 26
Changed: Aug 4
Last Checked: Aug 29 at 1:06AM
MLS# PM-141650
Copyright © 2026 Pocono Mountains Association of Realtors. 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.
This industrial property includes two warehouse buildings totaling 15,600 square feet on a 4.24-acre site. Building 1 contains approximately 8,400 square feet with 22-foot ceilings, a loading and unloading dock, and optional storefront space. Building 2 offers approximately 7,200 square feet, 22-foot ceilings, and its own loading and unloading dock. Both buildings have concrete flooring and metal roofs, with the improvements dating to 1984.
The property is located directly off I-80 in Blakeslee, Pennsylvania, providing access to a major interstate route. The site includes well water and public sewer service, and there is room for an additional warehouse or future expansion. Building 1 is vacant, while Building 2 has a tenant with 3 to 6 months remaining on the lease and a 30-day termination provision.
The property is located directly off I-80 in Blakeslee, Pennsylvania, providing access to a major interstate route. The site includes well water and public sewer service, and there is room for an additional warehouse or future expansion. Building 1 is vacant, while Building 2 has a tenant with 3 to 6 months remaining on the lease and a 30-day termination provision.
Key Highlights
- 15,600 SF across two warehouse buildings
- Building 1: approximately 8,400 SF with 22' ceilings and loading/unloading dock
- Building 2: approximately 7,200 SF with 22' ceilings and loading/unloading dock
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
$110,529
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
4.42%
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%
$2,210,580
$2.2M
Cap Rate 7%
$1,578,986
$1.6M
Cap Rate 9%
$1,228,100
$1.2M
Market Conditions
NOI Build-Up for 15,600 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
$137.7K $8.83/SF
− Vacancy
−$7.7K −$0.49/SF
EGI
$130.0K $8.34/SF
− OpEx
−$19.5K −$1.25/SF
NOI
$110.5K $7.09/SF
Area
Monroe County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
15.00%
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%
$2,210,580
Cap Rate 7%
$1,578,986
Cap Rate 9%
$1,228,100
Alternative Uses
Best Use
Warehouse
$1.58M
$1.38M – $1.84M
NOI $110,529 @ 7.0% cap · market cap 4.42%
Second Best
Industrial
$1.30M
$1.14M – $1.52M
NOI $91,024 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$4.67M
$4.09M – $5.45M
NOI $326,851 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18610, PA
4,810
Population
2,117
Households
2.3
Avg Household Size
45
Median Age
27%
College-Educated
89%
High-School Grad
33.1 sq mi
ZIP Area
145
Density / Sq Mi
$64,875
Median Household Income
$32,467
Median Earnings
$1,491
Median Rent
$222,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Two warehouse buildings provide dock access, high-clearance interiors, and convenient access from I-80.
Where is this warehouse located?
The property is located at 132 Commercial Boulevard Blakeslee, PA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 15,600 SF across two warehouse buildings; Building 1: approximately 8,400 SF with 22' ceilings and loading/unloading dock; Building 2: approximately 7,200 SF with 22' ceilings and loading/unloading dock
