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    Operating Motel Near Tourist Attractions Title is generated by Realmo AI

    981 State Route 940, White Haven, PA 18661

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    Claim this Listing
    For Sale
    $3,500,000

    COMMERCIAL - White Haven, PA

    Property size:
    12,000 SF
    Lot size:
    7.89 Acres
    Price / SF:
    $291/SF
    Added:
    May 14, 2026
    Days on Market:
    19
    Last Refresh:
    Jun 1 at 2:06 pm

    Property Features for 981 State Route 940

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    45-20-A14.02
    Size
    12,000 SF
    Lot size
    7.89 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    32320

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Ductless
    Water source
    Well

    Building Details

    Year built
    1990
    Floors in Building
    2
    Building materials
    Frame

    We can help!

    Listing Contact
    Michael Feite Jr

    Listing agent Michael Feite Jr

    Listing office USA Realty 3076 Valhalla View Drive, PA

    Listing date May 14, 2026

    MLS# PM-141288

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

    HighLights

    • High‑traffic location off PA Turnpike (Rt 940) within the popular Pocono tourist region near Jack Frost/Big Boulder, Pocono Raceway, and Lake Harmony.
    • Existing operating motel with potential for short‑term rental conversion (STR Resort) with digital lock code entry.
    • Current configuration of 66+ furnished rooms with plans to convert 20 suites into 40 units, totaling 86 units.
    • Versatile property suitable for various uses: motel, school, summer camp, adult retreat, or religious retreat.
    • Includes furnishings and equipment.
    • Built in 1990 with electric heating, ductless cooling, and well water.

    Overview

    This operating motel is located off the Pennsylvania Turnpike on Route 940, near Jack Frost/Big Boulder ski areas, Jack Frost National Golf, Pocono Raceway, and Lake Harmony, within a tourist region attracting 25,000,000 visitors annually. Situated on a 7.89-acre lot, the 12,000-square-foot property currently features 66 rooms and has ongoing plans to convert 20 suites into 40 individual units, bringing the total to 86 units. The property is being offered fully furnished with equipment. The highest and best use of the property is as a short-term rental conversion, motel, school, summer camp, adult retreat, or year-round religious retreat. The location is ideal for a multi-purpose property. The short-term rental conversion can transform the hotel into an experience with digital lock code entry, offering potential for a short-term rental resort.
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Map

    City
    White Haven
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.7471
    Latitude
    41.1237

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    FAQs

    What type of property is this?
    Motel - Operating motel suitable for short-term rental conversion or retreat.
    Where is this motel located?
    The property is located at 981 State Route 940 White Haven, PA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: High‑traffic location off PA Turnpike (Rt 940) within the popular Pocono tourist region near Jack Frost/Big Boulder, Pocono Raceway, and Lake Harmony.; Existing operating motel with potential for short‑term rental conversion (STR Resort) with digital lock code entry.; Current configuration of 66+ furnished rooms with plans to convert 20 suites into 40 units, totaling 86 units.
    (570) 517-2428
    We can help!
    Listing Contact
    Michael Feite Jr
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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.

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