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Listing Agency: Iron Valley R E Innovate - Hawley b***@geldermangroup.com Show Phone

Listed By: Charlie Kimler Show Phone

Source: Exprealty

Added: May 15 Changed: Nov 5 Last Checked: Nov 4 at 4:43PM

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Investment Insights

Based on property information with market context.

Located at 308 W Harford St in Milford, PA, this standalone two-story office building provides a professional setting with 1,128 SF of office space. The layout includes four private offices, a reception area, and a conference room, with hardwood floors and large windows throughout. A dedicated entrance ramp and wraparound deck add practical access and exterior character.

Additional space includes 800 SF of secure storage, basement storage, and walk-up attic storage. The property also includes a detached two-car garage and a private parking lot. Its downtown Milford setting places the building within walking distance of the Pike County Courthouse, County Administration Building, six real estate brokerages, the Post Office, a bank, and restaurants.

Key Highlights

• 1,128 SF office building with four private offices, reception area, and conference room
• 800 SF of secure storage, plus basement and walk‑up attic storage
• Detached two‑car garage and private parking lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,857

Cap Rate

3.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$277,140 $277.1K

Cap Rate 7%

$197,957 $198.0K

Cap Rate 9%

$153,967 $154.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,128 SF

Gross rent

$23.7K $21.00/SF

− Vacancy

−$5.2K −$4.62/SF

EGI

$18.5K $16.38/SF

− OpEx

−$4.6K −$4.10/SF

NOI

$13.9K $12.29/SF

Area

Pike County, PA

Vacancy

22.00%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$277,140

Cap Rate 7%

$197,957

Cap Rate 9%

$153,967

Alternative Uses

Best Use

Office B

$198.0K

$173.2K – $231.0K (±1% cap)

NOI $13,857 @ 7.0% cap · market cap 3.47%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$275.3K

$240.9K – $321.2K (±1% cap)

NOI $19,269 @ 7.0% cap · market cap 4.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Roaring Brook Abstract ... Insurance Agency Law Offices of Christopher ... Law Firm Pocono Homes Real ... Real Estate Agency

Suggested Use

Top Pick Auto Parts Store Bakery HVAC Service (Bike/Boat/Book/etc) Store Home Appliance Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

729

Businesses Nearby

Explore this area Business Placement

Demographics for 18337, PA

15,519

Population

7,615

Households

2

Avg Household Size

47

Median Age

33%

College-Educated

95%

High-School Grad

71.8 sq mi

ZIP Area

216

Density / Sq Mi

$89,935

Median Household Income

$48,022

Median Earnings

$1,507

Median Rent

$284,200

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Standalone professional property with private offices, client reception, conference space, storage, parking, and a detached garage.

Where is this office building located?

The property is located at 308 W Harford St Milford, PA.

What is the asking price?

The asking price for this property is $399,900.

What are key features of this property?

This property features: 1,128 SF office building with four private offices, reception area, and conference room; 800 SF of secure storage, plus basement and walk‑up attic storage; Detached two‑car garage and private parking lot