Modern Office Conversion with
For Sale
Contact for pricing
3527 Middle Easton Belmont Pike, Stroudsburg, PA 18360
A fully updated office conversion with separate utilities, garage space, and dedicated commercial land acreage.
Property Size4,008 SF
Lot Size4.60 Acres
Price / SF$174.40
Days on Market66
Property Features for 3527 Middle Easton Belmont Pike
General Information
Standard status
Active
Size
4,008 SF
Class
B
Lot size
4.60 Acres
Property subtype
Retail, Office, Mixed Use
Zoning
Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
1902
Listing Agency:
SER Commercial Real Estate
(570) 431-7400
Listed By:
Christina Heyne · License #-RB069216
Source:
Crexi
Added: Jun 5
Changed: Aug 8
Last Checked: Aug 8 at 1:59PM
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 SER Commercial Real Estate
Investment Insights
Based on property information with market context.
This property is a completely updated farmhouse with the original bank barn converted into a modern office space on the second floor. The lower level includes a 4-bay garage, and renovations have been completed by skilled craftsmen using quality products. Separate utilities are provided for the house and the shop/office, supporting flexible day-to-day operations within the same overall setting.
The site sits just off Route 33 in Snydersville on 4.6+/- acres of commercial land. The combination of the main improvements and the surrounding acreage offers an on-site configuration that can work well for office users looking for a dedicated property rather than a shared commercial building.
For buyers seeking an owner-occupied office environment or a property that can accommodate office functions, the second-floor office layout paired with ground-level garage space is a practical fit. With separate utilities between the house and shop/office areas, tenants and owners may be able to manage costs and usage more independently than in a fully combined setup. As reflected in the condition and craft of the renovations, this is positioned as a turnkey commercial office conversion that should be evaluated in person.
The site sits just off Route 33 in Snydersville on 4.6+/- acres of commercial land. The combination of the main improvements and the surrounding acreage offers an on-site configuration that can work well for office users looking for a dedicated property rather than a shared commercial building.
For buyers seeking an owner-occupied office environment or a property that can accommodate office functions, the second-floor office layout paired with ground-level garage space is a practical fit. With separate utilities between the house and shop/office areas, tenants and owners may be able to manage costs and usage more independently than in a fully combined setup. As reflected in the condition and craft of the renovations, this is positioned as a turnkey commercial office conversion that should be evaluated in person.
Key Highlights
- 1902 farmhouse that was completely updated
- Original bank barn converted into a modern office on the second floor
- 4‑bay garage on the lower level
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
$62,982
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
9.01%
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%
$1,259,640
$1.3M
Cap Rate 7%
$899,743
$899.7K
Cap Rate 9%
$699,800
$699.8K
Market Conditions
NOI Build-Up for 4,008 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
$96.2K $24.00/SF
− Vacancy
−$12.2K −$3.05/SF
EGI
$84.0K $20.95/SF
− OpEx
−$21.0K −$5.24/SF
NOI
$63.0K $15.71/SF
Area
Monroe County, PA
Vacancy
12.70%
Lease Rate
$24.00 /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%
$1,259,640
Cap Rate 7%
$899,743
Cap Rate 9%
$699,800
Alternative Uses
Best Use
Office B
$899.7K
$787.3K – $1.05M
NOI $62,982 @ 7.0% cap · market cap 9.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,976 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Explore this area
Business Placement
Demographics for 18360, PA
29,079
Population
12,743
Households
2.3
Avg Household Size
45
Median Age
32%
College-Educated
91%
High-School Grad
86.5 sq mi
ZIP Area
336
Density / Sq Mi
$69,413
Median Household Income
$41,592
Median Earnings
$1,314
Median Rent
$286,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - A fully updated office conversion with separate utilities, garage space, and dedicated commercial land acreage.
Where is this office building located?
The property is located at 3527 Middle Easton Belmont Pike Stroudsburg, PA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1902 farmhouse that was completely updated; Original bank barn converted into a modern office on the second floor; 4‑bay garage on the lower level
