Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    213 Emerson Rd Wind Gap, PA 18091-1291

    • Residential income homes
    • 1,367 SF
    • 2.69 lot acres
    OFF-MARKET
    Last Sale
    Dec 15, 2023
    $550,000
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    2.2%
    Residential income homes
    Location Intelligence
    Property ID
    US73-3784950
    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

    • Gateway Motel / Motel

    Property Details for 213 Emerson Rd

    Year built
    1959
    Construction
    FRAME
    Lot size
    2.69 lot acres
    Property size
    1,367 SF
    Zone code
    GC
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    15.1.1.13-2
    APU
    1511132

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $545,000
      ML approach
      $555,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Wind Gap
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.2968
    Latitude
    40.8624
    CBSA code
    20700
    CBSA name
    EAST STROUDSBURG, PA MICROPOLITAN 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
    $1,185
    $66,900
    $231,080
    $297,980
    -
    $66,900
    $231,080
    $297,980

    Comparable in this City

    • Value Estimation
      $500,000
      13,872 SF

      100 Dream Dr

      GARDEN APT, COURT APT (5+ UNITS) • 13,872 SF
      100 Dream Dr, Wind Gap, PA 18091-7700
      View Details
    • Value Estimation
      $220,000
      7.19 Acres

      906 Broadway

      MOBILE HOME PARK, TRAILER PARK • 7.19 Acres
      906 Broadway, Wind Gap, PA 18091
      View Details
    • Value Estimation
      $700,000
      23,902 SF

      665 Alpha Rd

      HIGH-RISE APARTMENTS • 23,902 SF
      665 Alpha Rd, Wind Gap, PA 18091-1100
      View Details
    • Value Estimation
      $340,000
      3,908 SF

      602 Broadway

      STORE/OFFICE (MIXED USE) • 3,908 SF
      602 Broadway, Wind Gap, PA 18091-1624
      View Details
    • Value Estimation
      $355,000
      6,684 SF

      37 Broadway

      STORE/OFFICE (MIXED USE) • 6,684 SF
      37 Broadway, Wind Gap, PA 18091-1423
      View Details
    • Value Estimation
      $300,000
      2,519 SF

      9 Broadway

      STORE/OFFICE (MIXED USE) • 2,519 SF
      9 Broadway, Wind Gap, PA 18091-1436
      View Details

    Similar Nearby for Sale

    • $1,425,000
      8 SF

      Highway Interchange Zoned Land

      8-acre site with highway frontage and development potential.
      6615 Sullivan Trl, Wind Gap, PA 18091
      View Details
    • $500,000

      Pad Site on Route 512

      0.5 acre pad site with high visibility and accessibility.
      942 S Broadway, Wind Gap, PA 18091
      View Details
    • $1,425,000

      Highway Interchange Zoned Land

      Commercial land with high traffic count and development potential.
      6587 Sullivan Trl, Wind Gap, PA 18091
      View Details
    • $350,000
      5.81 Acres

      Commercial Land Near Route 33

      Commercial land for sale on busy Rt. 512, near Route 33.
      976 S Broadway, Wind Gap, PA 18091
      View Details
    • $3,250,000
      25 SF

      Wind Gap Land with Frontage

      25 acres in Wind Gap with Route 33 frontage.
      425 Kromer Rd, Wind Gap, PA 18091
      View Details
    • Contact for pricing
      0.44 Acres

      Prime Land on PA Route 33

      0.44-acre vacant land parcel on PA Route 33.
      33 Pa Rte, Wind Gap, PA 18091
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Grocery Anchored Retail Space

      Retail space in dominant shopping center, Wind Gap, Pennsylvania.
      837 Male Rd, Wind Gap, PA 18091
      View Details
    • Contact for pricing
      183,168 SF

      Wind Gap Plaza Retail Space

      Prime Retail Space, 2,400 SF Available
      801-837 Male Rd, Wind Gap, PA 18091
      View Details
    • $1,000 /Mo
      95,832 SF

      Wind Gap Office Space Available

      Office space in Wind Gap Boro, PA, utilities included.
      125 7Th St, Wind Gap, PA 18091
      View Details
    • Contact for pricing
      162,340 SF

      Wind Gap Warehouse Space Available

      Modern warehouse with ample loading doors and parking.
      1380 Jacobsburg Rd, Wind Gap, PA 18091
      View Details
    • Contact for pricing
      161,320 SF

      Wind Gap Warehouse Space

      161,320 sq ft warehouse space available for lease.
      45-65 Beers Way, Wind Gap, PA 18091
      View Details
    • $1,500 /Mo

      Retail Space in Wind Gap

      1200 sq ft commercial space with great exposure.
      1 N Broadway, Wind Gap, PA 18091
      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.
    213 Emerson Rd
    Wind Gap, PA 18091-1291
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.