Storefront Space with
For Sale
Contact for pricing
5631 Route 115, Blakeslee, PA 18610
Compact commercial suite with shared restroom access, parking, and truck accommodation.
Property Size400 SF
Price / SF$3
Days on Market766
Property Features for 5631 Route 115
General Information
Standard status
Active
Size
400 SF
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$5,313
Amenities
separate storage area
shared bathroom
Listing Agency:
CENTURY 21 Ramos Realty, Inc.
(610) 866-4423
Listed By:
Pedro 'Peter' Ramos, Sr. · License #RM419607
(484) 695-4887
Source:
Exprealty
Added: Sep 11, 2024
Changed: Sep 14
Last Checked: Oct 15 at 2:33AM
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 CENTURY 21 Ramos Realty, Inc.
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Investment Insights
Based on property information with market context.
Unit 101 offers 400 square feet of commercial storefront space with a separate storage area and access to a shared bathroom. The property also provides ample parking, including space suitable for trucks.
The site is positioned near the intersection of Routes 115 and 940, with access to Route 80 and the Pennsylvania Turnpike. The tenant is responsible for natural gas used for heating, while electric, water, sewer, and trash are covered by the landlord.
The site is positioned near the intersection of Routes 115 and 940, with access to Route 80 and the Pennsylvania Turnpike. The tenant is responsible for natural gas used for heating, while electric, water, sewer, and trash are covered by the landlord.
Key Highlights
- 400 SF storefront space in Unit 101
- Separate storage area and shared bathroom
- Ample parking, including truck space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,511
Suggested Prices Based on Cap Rates
Cap Rate 5%
$90,220
$90.2K
Cap Rate 7%
$64,443
$64.4K
Cap Rate 9%
$50,122
$50.1K
Market Conditions
NOI Build-Up for 400 SF
Gross rent
$7.2K $18.00/SF
− Vacancy
−$756 −$1.89/SF
EGI
$6.4K $16.11/SF
− OpEx
−$1.9K −$4.83/SF
NOI
$4.5K $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 Rate 5%
$90,220
Cap Rate 7%
$64,443
Cap Rate 9%
$50,122
Alternative Uses
Best Use
Retail
$64.4K
$56.4K – $75.2K
NOI $4,511 @ 7.0% cap · market cap 375.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$119.7K
$104.8K – $139.7K
NOI $8,381 @ 7.0% cap · market cap 698.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - Compact commercial suite with shared restroom access, parking, and truck accommodation.
Where is this storefront property located?
The property is located at 5631 Route 115 Blakeslee, PA.
What are key features of this property?
This property features: 400 SF storefront space in Unit 101; Separate storage area and shared bathroom; Ample parking, including truck space
