Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    56-63 Wellington Drive Newfoundland, PA 18445

    View on Map
    Claim this Listing
    For Sale
    $69,900

    LAND - Newfoundland, PA

    Lot size:
    3.99 Acres
    Added:
    May 27, 2025
    Days on Market:
    338
    Last Refresh:
    Apr 29 at 2:06 am

    Property Features for 56-63 Wellington Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    08-0-0010-0089
    Lot size
    3.99 Acres

    Taxes and HOA fees

    Tax Annual Amount
    422

    We can help!

    Listing Contact
    Kevin Sives, Jr. Associate Broker

    Listing agent Kevin Sives, Jr. Associate Broker License #AB068567

    Listing office Keller Williams RE Hawley 2515 Route 6, Hawley, PA

    Listing date May 27, 2025

    MLS# PW-251578 Listing URL

    Copyright © 2026 Pike/Wayne Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land Near Lake Wallenpaupack

    This property features nearly 4 acres of land, comprising 8 separate parcels. Stone walls are present throughout the property. The location is near downtown Newfoundland and a short distance from Interstate 84 and Lake Wallenpaupack. Lake Wallenpaupack is a 5,700+ acre body of water stretching 13 miles in length with approximately 52 miles of shoreline. Recreational activities on the lake include powerboating, jet skiing, water skiing, tubing, canoeing/kayaking, swimming, and fishing. The property is conveniently located within minutes of Interstate 84 and close to the town of Hawley for shopping and dining. The NYC and Philadelphia metropolitan areas are approximately a 2 1/2 hour drive away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Newfoundland
    County
    Wayne
    State
    Pennsylvania
    Longitude
    -75.330236
    Latitude
    41.302755

    Nearby Similar for Sale

    • $899,000
      4,500 SF

      Thriving Restaurant and Bar Opportunity

      Established bar and restaurant near Lake Wallenpaupack and I-84.
      1058 Main Street, Newfoundland, PA 18445
      View Details
    • $4,000

      Corner Lot in Amenity-Rich Community

      Private, level lot in Pocono Springs with community amenities.
      Basswood Drive lot: 2, Newfoundland, PA 18445
      View Details
    • $3,000

      Wooded Lot in Pocono Springs

      0.39 acre building lot with community amenities.
      9 Stillwater Drive, Newfoundland, PA 18445
      View Details
    • $939,000
      6,700 SF

      Income-Generating Hospitality Property, Newfoundland, PA

      Three buildings with multiple income streams and short-term rental potential.
      394 Rt 447, Newfoundland, PA 18445
      View Details
    • $3,000

      Wooded Lot in Pocono Springs

      0.39 acre wooded lot with community amenities.
      139 Fountain Drive, Newfoundland, PA 18445
      View Details
    • $3,500

      Pocono Springs Wooded Residential Lot

      Wooded lot in Pocono Springs with community amenities.
      10 Cobblewood Road, Newfoundland, PA 18445
      View Details
    • $11,000

      Land in Pocono Springs Estates

      Residential land in a secluded community with lake access.
      W Ridge Drive, Newfoundland, PA 18445
      View Details
    • $4,500

      Residential Lot in Pocono Springs

      Building lot with community amenities in Pocono Springs Estates.
      Alder Drive lot: 74, Newfoundland, PA 18445
      View Details
    • $4,200

      Land in Pocono Springs Estates

      Land ready to build in amenity-filled Pocono Springs Estates.
      17 Teakwood Drive, Newfoundland, PA 18445
      View Details
    • $21,900

      Wooded Lot in Greene Township

      1.7-acre wooded lot in HOA community, potential building site.
      Daffodil Drive, Newfoundland, PA 18445
      View Details
    • $3,500

      Pocono Land for Outdoor Getaway

      Private .39-acre lot in Pocono Springs Civic Association.
      13 Spring Court, Newfoundland, PA 18445
      View Details
    • $15,000

      Residential Lot in Panther Lake

      0.89-acre lot with lake rights in Panther Lake Estates.
      Lot 12 Sec 2, Newfoundland, PA 18445
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Nearly 4 acres of land close to Lake Wallenpaupack.
    Where is this residential land & home lot located?
    The property is located at 56-63 Wellington Drive Newfoundland, PA.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: Nearly 4 acres of land offering privacy.; Located close to Lake Wallenpaupack for recreation (boating, fishing, swimming).; Convenient access to Interstate 84.
    (570) 500-7325
    We can help!
    Listing Contact
    Kevin Sives, Jr. Associate Broker
    Real Estate License ID: AB068567
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!