Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    23 2Nd St Stroudsburg, PA 18360
    Property profile & analytics

    23 2Nd St, Stroudsburg, PA 18360

    View on Map
    • Gas stations
    • 6,336 SF
    Off-Market
    Property ID
    US73-5640345
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gas stations

    Property Details for 23 2Nd St

    Property type
    Gas stations
    Property subtype
    Auto shops

    Description

    This exceptional retail property, located at 23 N 2nd St, Stroudsburg, PA 18360, presents a compelling investment opportunity. The 6,336 square foot building, classified as Class B, is currently 100% occupied by two tenants under month-to-month leases, offering immediate income potential. The property features ample off-street parking within a fenced lot, serviced by public water and sewer. Excellent rooftop signage opportunities exist, enhancing visibility in this high-growth area. The mixed-use zoning allows for a variety of potential uses, providing flexibility for future development. The building's configuration is suitable for an auto shop and gas station, among other possibilities. The sale includes three parcels totaling 0.49 acres. The asking price is $749,000, and the lease type is NNN. This property offers a unique blend of immediate income generation and long-term growth potential in a desirable location. Don't miss this chance to acquire a well-positioned retail asset in a thriving Pennsylvania market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Stroudsburg
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.188391190146
    Latitude
    40.991163406716

    Comparable in this City

    • $750,000
      6,888 SF

      Stroudsburg Mixed-Use Commercial Property

      Versatile property with commercial garage and residential home.
      2115 W Main St, Stroudsburg, PA 18360
      View Details
    • $850,000
      Pending

      Established Automotive Shop For Sale

      Turn-key, 7-bay auto shop with equipment and loyal clientele.
      1413 N 5Th St, Stroudsburg, PA 18360
      View Details
    • $675,000
      6,888 SF

      Mixed-Use Property with Commercial Garage

      Versatile property with residential and commercial zoning in Stroudsburg.
      2115 W Main St, Stroudsburg, PA 18360
      View Details
    • $750,000
      6,888 SF

      Stroud Twp Commercial Opportunity

      Multi-faceted commercial property with residential and income-producing potential.
      2115 W Main St, Stroudsburg, PA 18360
      View Details
    • $499,000
      Pending

      Stroudsburg Corner Commercial Property

      High-visibility corner parcel in Stroudsburg's Mixed Use District.
      401 Mcconnel St, Stroudsburg, PA 18360
      View Details
    • $1,600,000
      4,328 SF

      Stroudsburg Commercial Investment Opportunity

      Commercial investment property with diversified income stream and in-place tenancy.
      1674 N 9Th St, Stroudsburg, PA 18360
      View Details

    Similar Nearby for Sale

    • $750,000
      6,888 SF

      Stroudsburg Mixed-Use Commercial Property

      Versatile property with commercial garage and residential home.
      2115 W Main St, Stroudsburg, PA 18360
      View Details
    • $850,000
      Pending

      Established Automotive Shop For Sale

      Turn-key, 7-bay auto shop with equipment and loyal clientele.
      1413 N 5Th St, Stroudsburg, PA 18360
      View Details
    • $675,000
      6,888 SF

      Mixed-Use Property with Commercial Garage

      Versatile property with residential and commercial zoning in Stroudsburg.
      2115 W Main St, Stroudsburg, PA 18360
      View Details
    • $750,000
      6,888 SF

      Stroud Twp Commercial Opportunity

      Multi-faceted commercial property with residential and income-producing potential.
      2115 W Main St, Stroudsburg, PA 18360
      View Details
    • $499,000
      Pending

      Stroudsburg Corner Commercial Property

      High-visibility corner parcel in Stroudsburg's Mixed Use District.
      401 Mcconnel St, Stroudsburg, PA 18360
      View Details
    • $1,400,000
      7,159 SF

      Fully Occupied Retail Plaza Investment

      Mixed-use investment opportunity with strong cash flow in Stroudsburg.
      19 Williams St, Stroudsburg, PA 18360
      View Details

    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
    • $2,400 /Mo
      1,300 SF

      West Main Street Retail Space

      1300 sqft retail space with off-street parking on Main.
      1184 W Main St, Stroudsburg, PA 18360
      View Details
    • $2,100 /Mo
      3,000 SF

      Stroudsburg Commercial Space For Lease

      Commercial space suitable for bakery, retail, or catering business.
      927 N 9Th St, Stroudsburg, PA 18360
      View Details
    • Contact for pricing

      Stroud Mall Retail Opportunity

      Retail spaces available within the Stroud Mall.
      344 Stroud Mall Rd, 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
    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.
    23 2Nd St
    Stroudsburg, PA 18360
    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

    Thank You for Inquiry
    23 2Nd St, Stroudsburg, PA, 18360
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!