Mixed-Use Building with Office
425 Carlton Road, Mount Pocono, PA 18344
For Sale
New
$899,000
Three commercial offices and three apartments occupy one property, with parking available on site.
Property Size4,884 SF
Price / SF$184.07
Days on Market5
Property Features for 425 Carlton Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Road Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
SER Commercial Real Estate, LLC
Listed By:
George Vlamis · License #RS278068
(570) 460-6300
Source:
Dpcomgroup
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 5:26PM
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.
Built in 1998, the 4,884-square-foot property combines three commercial office suites with three residential apartments. The layout also allows for creation of another commercial office space. On-site parking accommodates 22 vehicles.
The building is at 425 Carlton Road in Mount Pocono, just off Route 940. Paradise Stream Resort is nearby, Mount Airy Casino is approximately one mile away, and Cresco and Mount Pocono are minutes from the property.
The building is at 425 Carlton Road in Mount Pocono, just off Route 940. Paradise Stream Resort is nearby, Mount Airy Casino is approximately one mile away, and Cresco and Mount Pocono are minutes from the property.
Key Highlights
- 4,884‑square‑foot building constructed in 1998
- Three commercial office suites and three residential apartments
- Potential to create an additional commercial office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,022
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,160,440
$1.2M
Cap Rate 7%
$828,886
$828.9K
Cap Rate 9%
$644,689
$644.7K
Market Conditions
NOI Build-Up for 4,884 SF
Gross rent
$105.5K $21.60/SF
− Vacancy
−$12.7K −$2.59/SF
EGI
$92.8K $19.01/SF
− OpEx
−$34.8K −$7.13/SF
NOI
$58.0K $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 Rate 5%
$1,160,440
Cap Rate 7%
$828,886
Cap Rate 9%
$644,689
Alternative Uses
Best Use
Mixed Use
$828.9K
$725.3K – $967.0K
NOI $58,022 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$625.3K
$547.1K – $729.5K
NOI $43,769 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,330 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
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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
$171,600
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Monroe County, PA
Properties on Market for Mixed-use properties in Monroe County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three commercial offices and three apartments occupy one property, with parking available on site.
Where is this mixed-use property located?
The property is located at 425 Carlton Road Mount Pocono, PA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 4,884‑square‑foot building constructed in 1998; Three commercial office suites and three residential apartments; Potential to create an additional commercial office space
