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    100 Community Dr Tobyhanna, PA 18466

    Sponsored
    For Sale
    $1,568,467

    High-Yield Medical Office Investment

    Property size:
    6,067 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    405
    This exceptional Class A, 6,067 square foot medical office condo in Tobyhanna, PA, presents a compelling investment opportunity. Located at 100 Community Dr., Ste #101, this single-tenant property boasts a 100% occupancy rate with a strong, established tenant: Lehigh Valley Health Network - Pocono, operating as an imaging center. The current lease, initiated September 1, 2022, has a remaining term of approximately 0.8 years and includes two lease options, with a 2.0% annual rent bump. The property features a Net Net Net (NNN) lease structure, generating a substantial Net Operating Income (NOI) of $117,635 and a 7.50% capitalization rate. The asking price is $1,568,467, translating to $258.52 per square foot. Situated within the 55,000 square foot Mountain Healthcare Center, this first-floor suite is the largest single unit in the building, enjoying convenient access near the main entrance. Recent upgrades, completed in 2020 and 2021, include interior space and equipment enhancements, parking lot resurfacing, and exterior building painting, showcasing the tenant's commitment and the building's well-maintained condition. The building houses a diverse range of medical tenants, including additional LVHN offices, dialysis, orthopedics, and Pocono Eye, creating a thriving medical environment. This property offers a secure, high-yield investment with significant upside potential.

    Property Features for 100 Community Dr

    General Information

    Property type
    Medical offices
    Square Feet
    6,067 SF
    Class
    A

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    Listing Contact
    Brian Coyne
    Brian Coyne

    Learn more

    Property Insight Report

    HighLights

    • $1,568,467 asking price for a Class A, 6,067 square foot medical office condo in Tobyhanna, PA.
    • 7.50% cap rate with a $117,635 net operating income (NOI).
    • 100% occupancy with a single tenant, Lehigh Valley Health Network, under a NNN lease.
    • 3‑year lease (0.8 years remaining), commencing September 1, 2022, and expiring August 31, 2025, with two lease options and 2.0% annual rent bumps.
    • Located in the Mountain Healthcare Center, a 55,000 square foot medical arts building with convenient first‑floor access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Costume Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Hotel & Motel HVAC Service Women's Store Home Appliance Store Carpet & Flooring Store Italian Restaurant Tattoo & Piercing Shop Clothing Store Skin Care Clinic Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tobyhanna
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.372233106704
    Latitude
    41.147166414583

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    FAQs

    What type of property is this?
    Medical office - High-Yield Medical Office Investment
    Where is this medical office located?
    The property is located at 100 Community Dr Tobyhanna, PA.
    What is the asking price?
    The asking price for this property is $1,568,467.
    What are key features of this property?
    This property features: $1,568,467 asking price for a Class A, 6,067 square foot medical office condo in Tobyhanna, PA.; 7.50% cap rate with a $117,635 net operating income (NOI).; 100% occupancy with a single tenant, Lehigh Valley Health Network, under a NNN lease.
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    100 Community Dr Tobyhanna, PA 18466
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    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
    100 Community Dr Tobyhanna, PA 18466
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    We can help!
    Listing Contact
    Brian Coyne
    Brian Coyne
    Real Estate License ID: PA AB068391
    Learn more
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