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    2610 Route 115 Effort, PA 18330
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    Property profile & analytics

    2610 Route 115 Effort, PA 18330

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    • Commercial real estate
    • 67,518 SF
    • 1.15 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2610 Route 115

    Lot size
    1.15 lot acres
    Property size
    67,518 SF
    Property type
    Commercial real estate

    Description

    This exceptional 1.15-acre commercial lot, located at 2610 Route 115 in Effort, Pennsylvania, presents a prime redevelopment opportunity. Boasting 67,518 square feet, this flat parcel enjoys a highly desirable location at the busy intersection of Route 115 and Gilbert Road, ensuring excellent visibility and high traffic counts. The property is situated adjacent to an Exxon gas station and mini-mart, further enhancing its commercial appeal. Its proximity to Pohopoco Creek adds a unique element to the site. The Village Commercial zoning permits a wide range of uses, including but not limited to: apartment complexes, retirement homes, bed and breakfasts, banks, bakeries, camps/retreats, business service/office spaces, clinics, conference centers, exercise clubs, funeral homes, garden centers, laundromats, banquet/assembly halls, various indoor and outdoor recreational facilities (bowling alleys, skating rinks, mini-golf courses, etc.), household repair services, restaurants, retail businesses, indoor shooting ranges, and indoor theaters. This versatile property offers significant potential for a variety of commercial ventures, capitalizing on its strategic location and ample space. Detailed permitted uses are available upon request. The asking price for this exceptional property is $250,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Effort
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.436
    Latitude
    40.9394

    Comparable in this City

    • Value Estimation by Request
      4.71 Acres

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      Land • 4.71 Acres
      3200 Pa-115, Effort, PA 18330
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    • Value Estimation by Request
      900 SF

      2527 Upper Level

      Commercial real estate • 900 SF
      2527 Upper Level, Effort, PA 18330
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    • Value Estimation by Request
      1,140 SF

      2527 Lower Level

      Commercial real estate • 1,140 SF
      2527 Lower Level, Effort, PA 18330
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    • Value Estimation by Request
      9.56 Acres

      3245 Pa-115

      Land • 9.56 Acres
      3245 Pa-115, Effort, PA 18330
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    • Value Estimation
      $665,000
      6,056 SF

      Allegheny Dr

      COMMERCIAL (GENERAL) • 6,056 SF
      Allegheny Dr, Effort, PA 18330
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    • Value Estimation by Request
      3,905 SF

      103 Freedom Dr

      Commercial real estate • 3,905 SF
      103 Freedom Dr, Effort, PA 18330
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    Similar Nearby for Sale

    • Contact for pricing
      608 SF

      Effort Commercial Office Space

      608 sq ft Office, 5.66 Acres
      2523 Route 115, Effort, PA 18330
      View Details
    • $1,200,000
      1,056 SF

      Effort Commercial Development Opportunity

      Prime 4.71-acre retail site with existing home.
      3200 Route 115, Effort, PA 18330
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    • $425,000
      7,802 SF

      Effort Commercial Property - Prime Location

      Retail Building w/ Large Lot & Garages
      3275 Route 115, Effort, PA 18330
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    • Contact for pricing
      1,450 SF

      Retail Space in Mountain Crest Plaza

      Retail spaces available in a busy shopping center.
      3265 Route 115, Effort, PA 18330
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    • $39,900
      1.00 Acre

      Residential Land in Effort, PA

      One-acre parcel in Pleasant Valley School District.
      60 Mckinley Dr, Effort, PA 18330
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    • $45,900
      Pending

      Land in Effort, PA

      1.28 acres of land in a great location.
      75 Cascade Dr, Effort, PA 18330
      View Details
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    Effort, PA 18330
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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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