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    2937 Pa-611 Tannersville, PA 18360
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    2937 Pa-611, Tannersville, PA 18360

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    • Retail properties & Spaces
    • 25,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 2937 Pa-611

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    Merchants Plaza, located at 2937 PA-611 in Stroudsburg, Pennsylvania (zip code 18360), offers exceptional multi-tenant office space in Monroe County. This 25,200 square foot building boasts a convenient location on the busy State Route 611 in Tannersville, providing excellent visibility and accessibility. Currently, there are three available office spaces ranging in size from 172 to 900 square feet, ideal for a variety of businesses. The building features ample off-street parking for tenants and employees, adding to its convenience. A unique advantage is the presence of a Post Office on the premises, streamlining mail and shipping operations. The second floor comprises a diverse mix of office spaces catering to various professional and service-oriented businesses. This property presents a fantastic opportunity for businesses seeking a well-located, established office space in a thriving community. The building's multi-tenant nature fosters a collaborative environment, while the available square footage allows for flexibility in choosing the perfect space to meet individual business needs. With 1,089 square feet currently vacant, this is an excellent chance to secure a prime location in a well-maintained building. The property is classified as both retail and office, offering versatile options for potential tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tannersville
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.3021
    Latitude
    41.0348

    Comparable in this City

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      49,663 SF

      586 Main St

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      586 Main St, Stroudsburg, PA 18360
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      $31,570,000
      468,747 SF

      Hess S Jc Penney

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      Hess S Jc Penney, Stroudsburg, PA 18360
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    • Value Estimation
      $4,975,000
      63,300 SF

      1116 9th St

      DEPARTMENT STORE
      1116 9th St, Stroudsburg, PA 18360-1102
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      2,500 SF

      Confidential Listing

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      6,336 SF

      23 2Nd St

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    • Value Estimation by Request
      3,152 SF

      2134 Main St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      2134 Main St, Stroudsburg, PA 18360
      View Details

    Similar Nearby for Sale

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      4,730 SF

      Retail Property in Stroudsburg

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      Retail Buildings on Large Land

      Retail buildings on 6.86 acres of land for sale.
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      Stroudsburg Commercial Investment Opportunity

      Commercial investment property with diversified income stream and in-place tenancy.
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      Downtown Stroudsburg Office Space

      Office space with conference rooms and kitchen in downtown Stroudsburg.
      579 Main St, Stroudsburg, PA 18360
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    • New
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      Converted Farmhouse Office Building

      Updated farmhouse office with separate utilities and a connected 4-bay garage on commercial land.
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      Fully Occupied Retail Plaza Investment

      Mixed-use investment opportunity with strong cash flow in Stroudsburg.
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    Similar Nearby for Lease

    • $2,650 /Mo
      1,376 SF

      Stroudsburg Retail/Office Space Available

      Retail/office space with parking and excellent visibility.
      6568 Route 209, Stroudsburg, PA 18360
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space Available in Stroudsburg

      Retail property offering 4,200 square feet in Stroudsburg, PA.
      292 Frantz Rd, Stroudsburg, PA 18360
      View Details
    • Contact for pricing

      Stroudsburg Office Space Available

      Office space for rent in downtown Stroudsburg.
      811 Main St, Stroudsburg, PA 18360
      View Details
    • Contact for pricing

      Multi-Tenant Office Building For Rent

      25,200 SF multi-tenant office building on State Route 611.
      2937 Pa-611, Stroudsburg, PA 18360
      View Details
    • $1,300 /Mo
      6,272 SF

      Retail/Office Space in Stroudsburg

      Well-maintained 1,200 sq ft space ideal for small business.
      7084 S 209, Stroudsburg, PA 18360
      View Details
    • Contact for pricing

      Stroudsburg Office/Community Space For Rent

      Unique office/community space available near Stroud Township Municipal building.
      1210 N 5Th St, Stroudsburg, PA 18360
      View Details
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    2937 Pa-611
    Tannersville, PA 18360
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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
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    2937 Pa-611, Tannersville, PA, 18360
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