Medical Office Building with
For Sale
$480,000
511 Independence Road, East Stroudsburg, PA 18301
Leased medical office space is paired with garage and storage area, with a mixed-use redevelopment concept also documented.
Property Size3,464 SF
Price / SF$138.57
Days on Market8
Property Features for 511 Independence Road
General Information
Standard status
Active
Size
3,464 SF
Zoning
Economic Development
Additional Details
Land Use
commercial
Taxes and HOA fees
Annual Taxes
$10,018
Building Details
Buildings
1
Listing Agency:
SER Commercial Real Estate, LLC
(570) 431-7400
Listed By:
Brian K Coyne · License #AB068391
(570) 350-3106
Source:
Exprealty
Added: Oct 5
Changed: Oct 11
Last Checked: Oct 11 at 2:29PM
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
Investment Insights
Based on property information with market context.
The property includes leased medical office space and a garage/storage area. The building totals more than 4,200 square feet, with an approximate 3,464-square-foot footprint.
A sketch plan outlines a possible mixed-use redevelopment with 10–15 apartments and 2,000 square feet of commercial space. The site is adjacent to the Smithfield Gateway project and has Economic Development zoning.
A sketch plan outlines a possible mixed-use redevelopment with 10–15 apartments and 2,000 square feet of commercial space. The site is adjacent to the Smithfield Gateway project and has Economic Development zoning.
Key Highlights
- Leased medical office space with garage and storage area
- More than 4,200 square feet total; approximately 3,464‑square‑foot footprint
- Sketch plan depicts 10‑15 apartments and 2,000SF of commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,302
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$826,040
$826.0K
Cap Rate 7%
$590,029
$590.0K
Cap Rate 9%
$458,911
$458.9K
Market Conditions
NOI Build-Up for 3,464 SF
Gross rent
$74.8K $21.60/SF
− Vacancy
−$6.0K −$1.73/SF
EGI
$68.8K $19.87/SF
− OpEx
−$27.5K −$7.95/SF
NOI
$41.3K $11.92/SF
Area
Monroe County, PA
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$826,040
Cap Rate 7%
$590,029
Cap Rate 9%
$458,911
Alternative Uses
Best Use
Office B
$777.6K
$680.4K – $907.2K
NOI $54,433 @ 7.0% cap · market cap 11.34%
Second Best
Healthcare Medical
$590.0K
$516.3K – $688.4K
NOI $41,302 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$1.04M
$907.2K – $1.21M
NOI $72,578 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
Balanced
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Leased medical office space is paired with garage and storage area, with a mixed-use redevelopment concept also documented.
Where is this medical office space located?
The property is located at 511 Independence Road East Stroudsburg, PA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Leased medical office space with garage and storage area; More than 4,200 square feet total; approximately 3,464‑square‑foot footprint; Sketch plan depicts 10‑15 apartments and 2,000SF of commercial space
