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    232 Stoney Mtn Rd Jim Thorpe, PA 18229
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    232 Stoney Mtn Rd Jim Thorpe, PA 18229

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    • Land
    For Sale
    $1,250,000
    View Listing →
    Turnpike Adjacent Land with Visibility For Sale
    $1,250,000
    9,500 SF

    Turnpike Adjacent Land with Visibility

    129 acres near PA Turnpike exit with development potential.

    232 Stony Mountain Rd, Jim Thorpe, PA 18229
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    Property ID
    US73-2677383
    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

    • Land

    Property Details for 232 Stoney Mtn Rd

    Property type
    Land

    Description

    Price Reduced! $1,500,000 Three parcels totaling ±129 beautiful and flat acres located adjacent to the Northbound lane of the Pa Turnpike- Route 476, and directly off the Jim Thorpe exit. Over 1 mile of exceptional visibility, across from the Hickory Run Service Plaza! Property was a former golf course and includes a 6,000+ sf clubhouse; a 3,500-sf maintenance building and over 1 mile of road frontage! Located directly off the Jim Thorpe exit (Route 903) of the PA Turnpike this land would be ideal for many users. Close to major Pocono attractions including Jack Frost/Big Boulder ski areas, Lake Harmony, Big Boulder Lake, Weiser State Forest (right next door) Pocono Raceway, Split Rock Resort, Jim Thorpe and only minutes north to Route 80! Currently zoned R-2 Low Density Residential, which permits uses such as RV campground, crop farming, wholesale greenhouses, retail sales of agricultural products, community recreation center, solar energy collection, and public/private school. Adjacent to PPL Electric substation. Located at Turnpike Exit 87 (Jim Thorpe / Lake Harmony / Rt 903) Level Grade; Public Electric; Onsite Septic System; Well Water -- Adjacent to PPL Electric Substation

    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
    Jim Thorpe
    County
    Carbon
    State
    Pennsylvania
    Longitude
    -75.626012
    Latitude
    40.968386

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      Corner Lot in Jim Thorpe

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      Wooded Land Parcel in Jim Thorpe

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      Land Near Hickory Run Park

      Land in Hickory Run Forest Subdivision with community amenities.
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    Similar Nearby for Sale

    • $299,900
      Pending

      Expansive Land Parcel in Jim Thorpe

      16-acre parcel in Jim Thorpe, PA, for private estate.
      Drakes Creek Rd, Jim Thorpe, PA 18229
      View Details
    • Contact for pricing
      1.28 Acres

      Wooded Lot in Jim Thorpe

      1.28-acre wooded lot with perc test in Penn Forest Streams.
      H570 Cross Run Rd & Engler Ln, Jim Thorpe, PA 18229
      View Details
    • $100,000
      4.99 Acres

      Wooded Acres Mountain Escape

      Secluded 5-acre wooded land near Jim Thorpe, PA.
      14 Berry Run Dr, Jim Thorpe, PA 18229
      View Details
    • Contact for pricing
      1.15 Acres

      Corner Lot in Jim Thorpe

      1.15 acre corner lot in Jim Thorpe, Pennsylvania.
      A264 Stony Mountain Rd, Jim Thorpe, PA 18229
      View Details
    • $30,000
      0.50 Acres

      Wooded Land Parcel in Jim Thorpe

      Half-acre wooded lot available in Jim Thorpe, Pennsylvania.
      A280 Sunrise Dr, Jim Thorpe, PA 18229
      View Details
    • Contact for pricing
      0.72 Acres

      Land Near Hickory Run Park

      Land in Hickory Run Forest Subdivision with community amenities.
      N Sycamore Dr, Jim Thorpe, PA 18229
      View Details
    View Listing
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    Jim Thorpe, PA 18229
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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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    232 Stoney Mtn Rd, Jim Thorpe, PA, 18229
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