Flex Space with High
For Sale
$3,000,000
5357 Development Park Drive, Pocono Summit, PA 18346
Commercial Sale, Pocono Summit, PA
Property Size41,160 SF
Lot Size5.01 Acres
Price / SF$72.89
Days on Market211
Property Features for 5357 Development Park Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CI
Zoning description
Industrial
Elementary school district
Pocono Mountain
Middle school district
Pocono Mountain
High school district
Pocono Mountain
Subdivision
Tobyhanna Township
Standard status
Active
APN
19.1.1.31
Size
41,160 SF
Lot size
5.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 3
Tax Annual Amount
51953
Legal Description
Lot 3
Utilities
Sewer type
Septic Tank
Water source
Well
Building Details
Year built
1999
Floors in Building
1
Listing Agency:
The Daniel Perich Group
(570) 500-0151
Listed By:
Daniel M. Perich · License #RB070171
(570) 213-4900
Added: Feb 20
Changed: Sep 7
Last Checked: Sep 19 at 11:06PM
MLS# PM-139048
Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 41,160-square-foot flex property includes a 33,600-square-foot building footprint and ceiling heights from 12 to 27 feet. The 1999-built facility occupies 5.01 acres and provides 156 parking spaces, creating a substantial physical setup for commercial or industrial operations.
Access is provided from Development Park Drive in Tobyhanna Township. The property carries C-I, or Commercial-Industrial, zoning, which permits a wide variety of industrial and commercial uses. Water service is provided by a well, with septic tank sewer service.
Access is provided from Development Park Drive in Tobyhanna Township. The property carries C-I, or Commercial-Industrial, zoning, which permits a wide variety of industrial and commercial uses. Water service is provided by a well, with septic tank sewer service.
Key Highlights
- 41,160‑square‑foot flex property with a 33,600‑square‑foot footprint
- Ceiling heights range from 12 to 27 feet
- 5.01‑acre property with 156 parking spaces
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
$240,163
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
8.01%
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%
$4,803,260
$4.8M
Cap Rate 7%
$3,430,900
$3.4M
Cap Rate 9%
$2,668,478
$2.7M
Market Conditions
NOI Build-Up for 41,160 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
$363.4K $8.83/SF
− Vacancy
−$20.4K −$0.49/SF
EGI
$343.1K $8.34/SF
− OpEx
−$102.9K −$2.50/SF
NOI
$240.2K $5.83/SF
Area
Monroe County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
30.00%
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%
$4,803,260
Cap Rate 7%
$3,430,900
Cap Rate 9%
$2,668,478
Alternative Uses
Best Use
Warehouse
$4.17M
$3.65M – $4.86M
NOI $291,627 @ 7.0% cap · market cap 9.72%
Second Best
Flex RnD
$4.11M
$3.60M – $4.80M
NOI $287,916 @ 7.0% cap · market cap 9.60%
Theoretical Best
Office A
$12.32M
$10.78M – $14.37M
NOI $862,384 @ 7.0% cap · market cap 28.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
27 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18346, PA
2,711
Population
1,371
Households
2
Avg Household Size
43
Median Age
19%
College-Educated
82%
High-School Grad
18.0 sq mi
ZIP Area
151
Density / Sq Mi
$53,981
Median Household Income
$37,451
Median Earnings
$875
Median Rent
$182,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial-industrial zoning accommodates a broad range of business and industrial uses.
Where is this flex space located?
The property is located at 5357 Development Park Drive Pocono Summit, PA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 41,160‑square‑foot flex property with a 33,600‑square‑foot footprint; Ceiling heights range from 12 to 27 feet; 5.01‑acre property with 156 parking spaces
