Building Details

Year built 1974

Building materials Stucco, Stone, T-1-11, Wood Siding

Buildings 1

Listing Agency: RE/MAX Property Specialists · RE/MAX International

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

Added: May 13 Changed: Oct 27 Last Checked: Nov 6 at 2:06PM

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MLS# PAMR2006548

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

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Investment Insights

Based on property information with market context.

This professional office property contains approximately 3,640 total square feet across a functional two-level layout. The main floor includes reception, private offices, a conference room, training room, storage, bathrooms, and wide connecting hallways. Additional office and training areas occupy the second floor, while a full basement provides substantial storage or work space. Multiple entrances support a range of office configurations, including professional services, medical, administrative, educational, or mixed-office operations.

The property occupies 6.46 acres at 928 Route 940 in Pocono Lake, Pennsylvania. On-site parking is provided by a dedicated parking lot. The building dates to 1974 and has stucco, stone, T-1-11, and wood siding components, with heat pump and forced-air heating plus central air, ceiling fans, and ductless cooling.

Key Highlights

• Approximately 3,640 total square feet of office space
• 6.46‑acre property at 928 Route 940, Pocono Lake, PA 18347
• Main level includes reception, private offices, conference and training rooms

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

Is this asking price fair?

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

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office buildings

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

84

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

Average Price Trend$/SF for Office buildings in Monroe County, PA

$130 Jul

$144 Aug

$127 Sep

$134 Oct

Properties on Market for Office buildings in Monroe County

Jul

Aug

Sep

Oct

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

Frequently Asked Questions

What type of property is this?

Office building - Flexible professional workspace with private offices, meeting areas, training rooms, and a full basement.

Where is this office building 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: Approximately 3,640 total square feet of office space; 6.46‑acre property at 928 Route 940, Pocono Lake, PA 18347; Main level includes reception, private offices, conference and training rooms