Flex Space with Outside
For Sale
$1,975,000
405 Industrial Park Drive, Mount Pocono, PA 18344
Industrial-zoned property combines office, manufacturing, storage, and an established outside storage area.
Property Size23,180 SF
Price / SF$85.87
Days on Market50
Property Features for 405 Industrial Park Drive
General Information
Standard status
Active
Size
23,180 SF
Property subtype
Industrial
Site & Location
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
12 ft
Power
2,400 amps
Three-Phase Power
Yes
Heavy Power
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$37,877
Amenities
five overhead doors
heavy 3-phase/2,400AMP electric service
Building Details
Building Size
23,180 SF
Year Built
1986
Buildings
1
Listing Agency:
SER Commercial Real Estate, LLC
Listed By:
Brian K Coyne · License #PA AB068391
(570) 350-3106
Source:
Dpcomgroup
Added: Sep 14
Changed: Oct 31
Last Checked: Nov 1 at 2:17AM
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, LLC
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Investment Insights
Based on property information with market context.
This 23,000+/- SF flex property occupies over 3.5 acres and includes a combination of office, manufacturing, and storage areas. The building is currently used for metal fabrication, with an auto repair tenant occupying approximately 3,000 SF. An outside storage area extends the property's functional capacity.
Building infrastructure includes five overhead doors in varying sizes, 12' of clearance to the existing drop ceiling, and more than 3' of additional space above it. Heavy 3-phase/2,400AMP electrical service supports industrial operations, while public water and sewer and fire sprinklers are in place. Constructed in 1986, the property carries Industrial zoning.
Building infrastructure includes five overhead doors in varying sizes, 12' of clearance to the existing drop ceiling, and more than 3' of additional space above it. Heavy 3-phase/2,400AMP electrical service supports industrial operations, while public water and sewer and fire sprinklers are in place. Constructed in 1986, the property carries Industrial zoning.
Key Highlights
- 23,000+/- SF industrial building on over 3.5 acres
- Industrial zoning with outside storage area
- Five overhead doors of varying sizes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,959
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,259,180
$3.3M
Cap Rate 7%
$2,327,986
$2.3M
Cap Rate 9%
$1,810,656
$1.8M
Market Conditions
NOI Build-Up for 23,000 SF
Gross rent
$203.1K $8.83/SF
− Vacancy
−$11.4K −$0.49/SF
EGI
$191.7K $8.34/SF
− OpEx
−$28.8K −$1.25/SF
NOI
$163.0K $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 Rate 5%
$3,259,180
Cap Rate 7%
$2,327,986
Cap Rate 9%
$1,810,656
Alternative Uses
Best Use
Warehouse
$2.33M
$2.04M – $2.72M
NOI $162,959 @ 7.0% cap · market cap 8.25%
Second Best
Flex RnD
$2.30M
$2.01M – $2.68M
NOI $160,886 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$6.88M
$6.02M – $8.03M
NOI $481,896 @ 7.0% cap · market cap 24.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
12 ft
Clear height
Yes
Heavy power
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18344, PA
3,497
Population
1,621
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
83%
High-School Grad
7.8 sq mi
ZIP Area
448
Density / Sq Mi
$85,215
Median Household Income
$43,715
Median Earnings
$890
Median Rent
$171,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial-zoned property combines office, manufacturing, storage, and an established outside storage area.
Where is this flex space located?
The property is located at 405 Industrial Park Drive Mount Pocono, PA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: 23,000+/- SF industrial building on over 3.5 acres; Industrial zoning with outside storage area; Five overhead doors of varying sizes
