Building Details

Year Built 1974

Listing Agency: RE/MAX Property Specialists

Listed By: Jeffrey L Rickert · License #RM423788 Show Phone

Source: Kableteam

Added: Jul 14 Changed: Oct 7 Last Checked: Oct 5 at 9:53PM

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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 RE/MAX Property Specialists

Investment Insights

Based on property information with market context.

This for-sale commercial property consists of office units and office space totaling 3,640 square feet. It offers a multi-unit configuration suited for office tenants seeking separate spaces within the same building.

The property is located at 928 Route 940 in Pocono Lake, Pennsylvania, in Monroe County. Directions are provided from I-80 W via Route 115 N to Route 940 E, with the property noted as 2.9 miles on the right.

The listing is presented as an office-focused asset, with the configuration primarily defined by its multiple office units and the overall building size.

Key Highlights

• Multi‑unit office property for sale along Route 940 in Monroe County, PA
• Central air and ceiling fans
• Forced air heating with electric heat

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$57,199

Cap Rate

8.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,143,980 $1.1M

Cap Rate 7%

$817,129 $817.1K

Cap Rate 9%

$635,544 $635.5K

Market Conditions

NOI Build-Up for 3,640 SF

Gross rent

$87.4K $24.00/SF

− Vacancy

−$11.1K −$3.05/SF

EGI

$76.3K $20.95/SF

− OpEx

−$19.1K −$5.24/SF

NOI

$57.2K $15.71/SF

Area

Monroe County, PA

Vacancy

12.70%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,143,980

Cap Rate 7%

$817,129

Cap Rate 9%

$635,544

Alternative Uses

Best Use

Office B

$817.1K

$715.0K – $953.3K (±1% cap)

NOI $57,199 @ 7.0% cap · market cap 8.97%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.09M

$953.3K – $1.27M (±1% cap)

NOI $76,265 @ 7.0% cap · market cap 11.96%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Locksmith Auto Repair Shop Garden Center Catering Service Barber Shop Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

33

Businesses Nearby

Explore this area Business Placement

Demographics for 18347, PA

3,283

Population

4,370

Households

0.8

Avg Household Size

54

Median Age

35%

College-Educated

93%

High-School Grad

50.0 sq mi

ZIP Area

66

Density / Sq Mi

$81,275

Median Household Income

$40,425

Median Earnings

$1,176

Median Rent

$168,900

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office units located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Office units - Multi-unit office property for sale along Route 940 in Monroe County, PA.

Where is this office units located?

The property is located at 928 Route 940 Pocono Lake, PA.

What is the asking price?

The asking price for this property is $637,500.

What are key features of this property?

This property features: Multi‑unit office property for sale along Route 940 in Monroe County, PA; Central air and ceiling fans; Forced air heating with electric heat