Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Cresco, PA 18326
    Back to Search
    Property profile & analytics

    Cresco, PA 18326

    View on Map
    • Commercial real estate
    • 9,330 SF
    • 2.98 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details

    Year built
    1920
    Lot size
    2.98 lot acres
    Property size
    9,330 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property in Cresco, PA offers 2,500 square feet of versatile space ideal for retail or office use. Located on the bustling Route 191, with close proximity to Route 390, this property boasts high visibility and significant foot traffic, ensuring maximum exposure for your business. The open floor plan provides a spacious layout easily adaptable to a variety of business needs. Modern amenities include updated utilities and ample lighting throughout the space. The property sits on a 2.98-acre lot, offering ample parking and potential for future expansion. Flexible zoning allows for a range of business ventures, including professional offices or wellness studios. The total building size is 9,330 square feet, presenting a significant opportunity for a business seeking a prominent location with high visibility and convenient access to major roadways. The asking lease price is $7,500. This is a rare opportunity to secure a prime commercial space in a thriving area. The property's strategic location and adaptable layout make it an excellent choice for businesses seeking to establish a strong presence in the Cresco market. Don't miss this chance to secure your business's future in this highly desirable location. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cresco
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.2727
    Latitude
    41.1523

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      6272 Rte 191 Rte

      Commercial real estate • 1,500 SF
      6272 Rte 191 Rte, Cresco, PA 18326
      View Details
    • Value Estimation by Request
      91,911 SF

      3 Of Rt 191

      Commercial real estate • 91,911 SF
      3 Of Rt 191, Cresco, PA 18326
      View Details
    • Value Estimation by Request
      972 SF

      436 Pocono Plateau Rd

      COMMERCIAL (GENERAL) • 972 SF
      436 Pocono Plateau Rd, Cresco, PA 18326-7996
      View Details
    • Value Estimation by Request
      8,832 SF

      996 Rte 390

      COMMERCIAL (GENERAL) • 8,832 SF
      996 Rte 390, Cresco, PA 18326-7909
      View Details
    • Value Estimation by Request
      690 SF

      363 Rte 390

      COMMERCIAL (GENERAL) • 690 SF
      363 Rte 390, Cresco, PA 18326
      View Details
    • Value Estimation
      $810,000
      7,588 SF

      6680 Rte 191

      COMMERCIAL (GENERAL) • 7,588 SF
      6680 Rte 191, Cresco, PA 18326-7998
      View Details

    Similar Nearby for Sale

    • $495,000
      4,200 SF

      High-Volume Restaurant, Cresco, PA

      Established Restaurant, Liquor License Included
      110 Golf Dr, Cresco, PA 18326
      View Details
    • $398,000
      4,230 SF

      Cresco Commercial Center - Pocono Mtns

      Versatile Commercial Space, Prime Location
      6683 Route 191, Cresco, PA 18326
      View Details
    • $30,000
      1.10 Acres

      Wooded Lot in Ski Haven

      One-acre wooded lot in a tranquil, amenity-rich community.
      Arline Ln, Cresco, PA 18326
      View Details
    • $279,900
      Pending

      Cresco Mixed-Use Property with Garage

      Mixed-use property with flexible zoning and detached garage.
      6559 Route 191, Cresco, PA 18326
      View Details
    • $2,595,000
      3,024 SF

      122 Barn Swallow Ln, Cresco, PA 18326

      Residential income properties • 3,024 SF
      122 Barn Swallow Ln, Cresco, PA 18326
      View Details
    • $79,900
      1,054 SF

      Established Diner Business Opportunity

      Profitable diner business for sale in the Poconos.
      1101 390 Rte, Cresco, PA 18326
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo
      3,600 SF

      Retail/Commercial Space on Route 191

      3,600 SF retail/commercial space in Cresco, PA for lease.
      6631 Route 191, Cresco, PA 18326
      View Details
    • $950 /Mo
      821 SF

      Cresco Office Space For Rent

      821 sq ft office space in central Cresco, PA.
      6656 Route 191, Cresco, PA 18326
      View Details
    • $750 /Mo
      3,854 SF

      Functional Office Space in Cresco

      Clean office space with private amenities and convenient parking.
      6656 Route 191, Cresco, PA 18326
      View Details
    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.
    Cresco, PA 18326
    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

    Thank You for Inquiry
    Cresco, PA, 18326
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!