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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1631 Rte 507 Greentown, PA 18426-4507

    • Super regional malls
    • 3,360 SF
    • 8.80 lot acres
    OFF-MARKET
    Last Sale
    Aug 17, 2020
    $192,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1488832
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Super regional malls

    Property Details for 1631 Rte 507

    Year built
    1992
    Lot size
    8.80 lot acres
    Property size
    3,360 SF
    Property type
    Super regional malls
    APN
    114.01-01-13.002-
    APU
    114010113002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Greentown
    County
    Pike
    State
    Pennsylvania
    Longitude
    -75.3146
    Latitude
    41.3175
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,282
    $5,680
    $33,590
    $39,270
    -
    $22,722
    $134,353
    $157,075

    Comparable in this City

    • Value Estimation by Request
      3,492 SF

      1215 Rte 507

      RESTAURANT • 3,492 SF
      1215 Rte 507, Greentown, PA 18426-3716
      View Details
    • Value Estimation by Request
      6.61 Acres

      1004 Rte 507

      SERVICE STATION (FULL SERVICE) • 6.61 Acres
      1004 Rte 507, Greentown, PA 18426
      View Details
    • Value Estimation by Request
      3,102 SF

      1414 Rte 507

      GROCERY, SUPERMARKET • 3,102 SF
      1414 Rte 507, Greentown, PA 18426-3605
      View Details
    • Value Estimation
      $520,000
      7,542 SF

      1406 Rte 507

      RESTAURANT • 7,542 SF
      1406 Rte 507, Greentown, PA 18426-3605
      View Details
    • Value Estimation by Request
      2,112 SF

      115 Dutch Flts Rd

      SERVICE STATION (FULL SERVICE) • 2,112 SF
      115 Dutch Flts Rd, Greentown, PA 18426-8700
      View Details
    • Value Estimation by Request
      1,754 SF

      1311 Pa-507

      Restaurants • 1,754 SF
      1311 Pa-507, Greentown, PA 18426
      View Details

    Similar Nearby for Sale

    • $699,000
      3,600 SF

      Turn-key Restaurant Near Promised Land

      Updated restaurant with seating for 100+, includes liquor license.
      1045 Rt 390, Greentown, PA 18426
      View Details
    • $975,000
      3.27 Acres

      Greentown Commercial Building on 3.27 Acres

      26,000 SF commercial building on 3.27 acres in Greentown.
      1586 Rt 507, Greentown, PA 18426
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    • $475,000
      1.40 Acres

      Greentown Restaurant, Bar and Residence

      Turn-key restaurant, bar, and remodeled residence in Promised Land.
      905 Pa Rte 390, Greentown, PA 18426
      View Details
    • $699,000
      0.61 Acres

      Turn-key Restaurant Near Promised Land

      Updated restaurant with apartment, liquor license, near Promised Land.
      1045 Rt 390, Greentown, PA 18426
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    • $975,000
      26,148 SF

      Versatile Commercial Building on 3.27 Acres

      26,000 SF commercial building on 3.27 acres in Greentown, PA.
      1586 Rt 507, Greentown, PA 18426
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    • $120,000
      0.30 Acres

      Land Ready for Development

      Cleared lot with septic, utilities, and creek access.
      114 Riverside Dr, Greentown, PA 18426
      View Details

    Similar Nearby for Lease

    • $550 /Mo
      81,457 SF

      Office Space in Greentown, PA

      Office space available near Interstate 84 in Greentown, PA.
      1345 Pa-507 Unit, Greentown, PA 18426
      View Details
    • New
      $1,200 /Mo

      Office Space in Greentown, PA

      Office space available on a high traffic road in Greentown.
      1345 Pa-507 Unit 102 &103, Greentown, PA 18426
      View Details
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    1631 Rte 507
    Greentown, PA 18426-4507
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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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