Industrial Building with High
New
For Sale
$2,950,000
5357 Development Park Drive, Pocono Summit, PA 18346
Commercial Sale, Pocono Summit, PA
Property Size41,160 SF
Lot Size5.01 Acres
Price / SF$71.67
Days on Market6
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: Oct 8
Last Checked: Oct 13 at 2:06PM
MLS# PM-145415
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.
Built in 1999, this industrial property contains 41,160 square feet, including a 33,600-square-foot footprint. Ceiling heights range from 12 to 27 feet, and the site includes 156 parking spaces. The property is zoned CI in Tobyhanna Township and is accessed from Development Park Drive. Water service is provided by a well, and the property uses a septic tank.
Key Highlights
- 41,160‑square‑foot building with a 33,600‑square‑foot footprint
- Ceiling heights range from 12 to 27 feet
- 156 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$240,163
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
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
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 Rate 5%
$4,803,260
Cap Rate 7%
$3,430,900
Cap Rate 9%
$2,668,478
Alternative Uses
Best Use
Industrial
$3.43M
$3.00M – $4.00M
NOI $240,163 @ 7.0% cap · market cap 8.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.32M
$10.78M – $14.37M
NOI $862,384 @ 7.0% cap · market cap 29.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
27 ft
Clear height
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
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?
Industrial property - CI zoning supports industrial and commercial uses, with access from Development Park Drive.
Where is this industrial property 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 $2,950,000.
What are key features of this property?
This property features: 41,160‑square‑foot building with a 33,600‑square‑foot footprint; Ceiling heights range from 12 to 27 feet; 156 parking spaces
