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

    3200 PA-115 Effort, PA 18330

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Development project with retail, gas station, and car wash potential.

    Type:Land
    Added:
    Mar 30, 2021
    Days on Market:
    1837
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 3200 PA-115

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Jennifer Mickens

    Listing agent Jennifer Mickens License #PA RB068478

    Listing office TACM Commercial Realty

    Listing date Mar 30, 2021

    Source Crexi

    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 TACM Commercial Realty

    Overview

    25,000 SF Development Project

    This 25,000 square foot development project consists of three pads suitable for a small retail center, a gas/convenience store, and a car wash. The project is fully approved, although some approvals have lapsed and require re-submission. The property adjoins a Domino's, Dunkin' Donuts, and CVS at a lighted intersection in Effort, Pennsylvania. The surrounding area within a one-mile radius has a dense population, creating demand for various products and services. An existing residential home is located on the site. The lot is mostly level and features 396 feet of road frontage.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Effort
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.4531
    Latitude
    40.9709

    Nearby Similar for Sale

    • $375,000
      7,802 SF

      Retail Building in Prime Location

      Large retail building with expansion potential in Effort, PA.
      3275 PA-115, Effort, PA 18330
      View Details
    • $350,000

      Prime Commercial Land on Route 115

      Highly visible corner lot in Effort, PA, ready for development.
      3078 Route 115, Effort, PA 18330
      View Details
    • $2,200,000
      14,672 SF

      Poconos Income Property with Expansion

      15-unit property with expansion potential in the Poconos.
      306 Merwinsburg Road, Effort, PA 18330
      View Details
    • $2,200,000
      10,546 SF

      Poconos 15-Unit Income Property

      15-unit income property with expansion potential in the Poconos.
      306 Merwinsburg Road, Effort, PA 18330
      View Details
    • $24,900

      Pocono Mountain Building Lot

      One-acre lot in Birch Hollow Estates with community amenities.
      Woodcrest Avenue lot: 132, Effort, PA 18330
      View Details
    • $45,900

      Land in Effort, PA

      1.28 acres of land in a great location.
      75 Cascade Drive, Effort, PA 18330
      View Details
    • $15,000

      Residential Land in Effort, PA

      0.34 acre lot near Pocono attractions.
      Valley Rd 744, Effort, PA 18330
      View Details
    • $19,900

      Buildable Lot in Effort, PA

      Buildable lot with septic system in Pleasant Valley School District.
      Johns Road, Effort, PA 18330
      View Details
    • $39,900

      Residential Land in Effort, PA

      One-acre parcel in Pleasant Valley School District.
      60 McKinley Drive, Effort, PA 18330
      View Details
    • $26,500

      Land in Quiet Community

      One-acre lot near Beltzville Lake and Pocono attractions.
      Wood Crest Avenue lot: 129, Effort, PA 18330
      View Details
    • $23,000

      Effort, PA Corner Lot

      One-acre corner lot in Chestnuthill Township, Sierra View.
      Rocky Mountain Dr N 54, Effort, PA 18330
      View Details
    • $11,000

      Residential Land in Effort, PA

      0.34-acre lot for building a custom home.
      Johns Rd 549 N, Effort, PA 18330
      View Details

    FAQs

    What type of property is this?
    Commercial land - Development project with retail, gas station, and car wash potential.
    Where is this commercial land located?
    The property is located at 3200 PA-115 Effort, PA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: Fully approved 25,000SF development project for a retail center, gas/convenience store, and car wash.; Located at a lighted intersection adjoining Domino's/Dunkin Donuts & CVS.; High demand for products and services within a dense 1‑mile radius.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jennifer Mickens
    Real Estate License ID: PA RB068478
    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!