Industrial Flex Building and
5357 Development Park Dr Pocono Summit, PA
5357 Development Park Dr, Pocono Summit, PA, 00000
$3,750,000
For Sale
$3,750,000
Industrial facility on 10.03 acres with 12-27 foot ceilings, 156 parking spaces, and C-I zoning for varied uses.
Property Size44,160 SF
Lot Size10.03 Acres
Price / SF$84.92
Days on Market148
Property Features for 5357 Development Park Dr
General Information
- Standard status
- Active
- Size
- 44,160 SF
- Lot size
- 10.03 Acres
Listing agency
The Daniel Perich Group
(570) 500-0151
Listed by
Daniel M. Perich · License #RB070171
(570) 500-0151
Source
Exprealty
Added: Feb 24 Updated: Jul 21 at 11:44PM Checked: Jul 21 at 11:44PM
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 The Daniel Perich Group
Investment Insights
Based on property information with market context.
The property includes a warehouse/flex industrial building with a 33,600 square foot footprint and ceiling heights ranging from 12 to 27 feet. The site provides 156 parking spaces and sits on 10.03 total acres, with a main 5-acre parcel plus an additional 5-acre parcel included.
Access is provided from Development Park Drive. The additional 5-acre parcel includes frontage along Route 940. The property is zoned C-I (Commercial-Industrial) in Tobyhanna Township, which supports a wide variety of industrial or commercial uses.
The combined buildable land and warehouse footprint create a flexible setup for occupants or users seeking an industrial facility with room for expansion consistent with the property’s zoning.
Access is provided from Development Park Drive. The additional 5-acre parcel includes frontage along Route 940. The property is zoned C-I (Commercial-Industrial) in Tobyhanna Township, which supports a wide variety of industrial or commercial uses.
The combined buildable land and warehouse footprint create a flexible setup for occupants or users seeking an industrial facility with room for expansion consistent with the property’s zoning.
Key Highlights
- Industrial facility on 10.03 total acres in Tobyhanna Township, zoned C‑I (Commercial‑Industrial)
- 33,600 SF building footprint with ceiling heights from 12 to 27 feet
- 156 parking spaces on‑site
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $389.9k | $8.83 |
| − Vacancy | −$21.8k | −$0.49 |
| EGI | $368.1k | $8.34 |
| − OpEx | −$55.2k | −$1.25 |
| NOI | $312.9k | $7.09 |
44,160 SF · lease $8.83/SF/yr · vacancy 5.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.47M
$3.91M – $5.21M
NOI $312,882 @ 7.0% cap · market cap 8.34%
Second Best
Flex RnD
$4.41M
$3.86M – $5.15M
NOI $308,901 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$13.22M
$11.57M – $15.42M
NOI $925,240 @ 7.0% cap · market cap 24.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Summit Lanes
Bowling Alley
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Industrial facility on 10.03 acres with 12-27 foot ceilings, 156 parking spaces, and C-I zoning for varied uses.
Where is this warehouse located?
The property is located at 5357 Development Park Dr Pocono Summit, PA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Industrial facility on 10.03 total acres in Tobyhanna Township, zoned C‑I (Commercial‑Industrial); 33,600 SF building footprint with ceiling heights from 12 to 27 feet; 156 parking spaces on‑site
