Two-Story Mixed-Use
For Sale
$475,000
364 N Courtland St, East Stroudsburg, PA 18301
Commercial office space and a rented three-bedroom apartment occupy separate-access levels with rear parking.
Property Size2,912 SF
Price / SF$163.12
Days on Market9
Property Features for 364 N Courtland St
General Information
Standard status
Active
Size
2,912 SF
Class
B
Property subtype
Office
Units
Unit Mix
1 x 3BD
Multifamily Units
1
Office Units
1
Amenities
ADA accessible
Building Details
Building Size
2,912 SF
Year Built
1900
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
TACM Commercial Realty
(570) 620-6931
Listed By:
Jennifer Mickens · License #RB068478
(570) 620-6931
Source:
Tacmcommercial
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 30 at 4:17PM
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 TACM Commercial Realty
Investment Insights
Based on property information with market context.
Located at 364 N Courtland St in East Stroudsburg, PA, this 2,912-square-foot, two-story mixed-use building combines commercial and residential components. The first floor contains 1,450 square feet of office space, while the second floor offers a 1,450-square-foot, three-bedroom apartment.
Separate access points serve the office and apartment areas. The building is ADA accessible and includes off-street parking at the rear. The upstairs apartment is currently rented, adding an existing residential income component to the property.
Separate access points serve the office and apartment areas. The building is ADA accessible and includes off-street parking at the rear. The upstairs apartment is currently rented, adding an existing residential income component to the property.
Key Highlights
- 2,912 SF two‑story mixed‑use building
- First floor includes 1,450 SQFT of office space
- Second floor features a 1,450 SQFT 3BD apartment
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
$34,595
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
7.28%
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%
$691,900
$691.9K
Cap Rate 7%
$494,214
$494.2K
Cap Rate 9%
$384,389
$384.4K
Market Conditions
NOI Build-Up for 2,912 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
$62.9K $21.60/SF
− Vacancy
−$7.5K −$2.59/SF
EGI
$55.4K $19.01/SF
− OpEx
−$20.8K −$7.13/SF
NOI
$34.6K $11.88/SF
Area
Monroe County, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$691,900
Cap Rate 7%
$494,214
Cap Rate 9%
$384,389
Alternative Uses
Best Use
Office B
$653.7K
$572.0K – $762.7K
NOI $45,759 @ 7.0% cap · market cap 9.63%
Second Best
Mixed Use
$494.2K
$432.4K – $576.6K
NOI $34,595 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$871.6K
$762.7K – $1.02M
NOI $61,012 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 18301, PA
29,184
Population
11,125
Households
2.6
Avg Household Size
37
Median Age
34%
College-Educated
89%
High-School Grad
38.1 sq mi
ZIP Area
766
Density / Sq Mi
$90,488
Median Household Income
$40,202
Median Earnings
$1,350
Median Rent
$246,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial office space and a rented three-bedroom apartment occupy separate-access levels with rear parking.
Where is this mixed-use property located?
The property is located at 364 N Courtland St East Stroudsburg, PA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,912 SF two‑story mixed‑use building; First floor includes 1,450 SQFT of office space; Second floor features a 1,450 SQFT 3BD apartment
