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    Sr 115 Blakeslee, PA 18610

    • Commercial real estate
    • 160.19 lot acres
    For Sale
    View listing
    $629,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Sr 115

    Lot size
    160.19 lot acres
    Property type
    Commercial real estate

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Blakeslee
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.5419
    Latitude
    41.0584

    Comparable in this City

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      3.00 Acres

      4 Commercial Blvd

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    • Value Estimation
      $260,000
      3,960 SF

      5729 Rte 115

      COMMERCIAL (GENERAL) • 3,960 SF
      5729 Rte 115, Blakeslee, PA 18610-7727
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    • Value Estimation
      $255,000
      1,394 SF

      239 Rte 940

      COMMERCIAL (GENERAL) • 1,394 SF
      239 Rte 940, Blakeslee, PA 18610-7732
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    • Value Estimation by Request
      14.96 Acres

      Route 115

      Land • 14.96 Acres
      0 Route 115, Blakeslee, PA 18610
      View Details

    Similar Nearby for Sale

    • $199,000
      3.49 Acres

      Blakeslee Commercial Land - Hwy 115

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    • $629,000
      160.19 Acres

      Sr 115, Blakeslee, PA 18610

      Commercial real estate • 160.19 Acres
      Sr 115, Blakeslee, PA 18610
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    • $99,000
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      Blakeslee Commercial Land - Owner Financing

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      8,000 SF

      Blakeslee Commercial Space For Lease

      High-traffic location, 8,000 sq ft.
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    • $499,000
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      Blakeslee Commercial Land - 3.85 Acres

      Prime 3.85-acre commercial development site. High visibility, Route 940 access.
      940 Old Farm Rd, Blakeslee, PA 18610
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    • $150,000

      Blakeslee Liquor License for Sale

      Established Monroe County Restaurant License. Ready to Transfer.
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    Similar Nearby for Lease

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      699,847 SF

      Blakeslee Warehouse/Distribution Center For Rent

      699,847 SF warehouse/distribution center on 42.6 acres available for lease.
      Pennsylvania 940, Blakeslee, PA 18610
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      803,778 SF

      Route 115 Industrial Warehouse For Lease

      803,778 SF Warehouse in Blakeslee, PA
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      PNK Park Harmony: Class A Warehouse

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    • $36 SF/Yr
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      Blakeslee Retail Space for Lease

      Prime Location, High Visibility, 400 sq ft
      5631 Pa-115, Blakeslee, PA 18610
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    Sr 115
    Blakeslee, PA 18610
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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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