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    2490 Milford Rd East Stroudsburg, PA 18301-8825
    Property profile & analytics

    2490 Milford Rd, East Stroudsburg, PA 18301-8825

    View on Map
    • Retail space
    • 9,000 SF
    • 9.50 lot acres
    Off-Market
    Last Sale Sep 24, 2024
    Property ID
    US73-1832391
    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
    $1,130,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Anne M. Coryell, DC / Alternative Medicine Practice
    • O'Toole Eileen L / Alternative Medicine Practice
    • Brett R. Coryell, DC / Alternative Medicine Practice
    • Anne Marie Coryell / Alternative Medicine Practice

    Property Details for 2490 Milford Rd

    Year built
    1999
    Lot size
    9.50 lot acres
    Zone code
    C1
    Property type
    Retail space
    APN
    16.7.2.9-1
    APU
    167291

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,690,000
      6.5%
      $1,560,000
      7%
      $1,450,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,120,000
      Market price range: $627k - $1.87M
      AI Estimate
      $709,000
      Market price range: $257k - $1.17M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,170,000
      Current use
      RESTAURANT
      $1,405,000
      Change: +20% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,215,000
      Change: +4% Conversion: Difficult
      MEDICAL BUILDING
      $1,035,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    East Stroudsburg
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.1377
    Latitude
    41.0344
    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
    $4,807
    $172,350
    $517,050
    $689,400
    -
    $172,350
    $517,050
    $689,400

    Comparable in this City

    • Value Estimation
      $965,000
      11,079 SF

      37 Crystal St

      RETAIL STORES (PERSONAL SERVICES)
      37 Crystal St, East Stroudsburg, PA 18301-2809
      View Details
    • Value Estimation by Request
      1,020 SF

      2035 Milford Rd

      RETAIL STORES (PERSONAL SERVICES)
      2035 Milford Rd, East Stroudsburg, PA 18301-7830
      View Details
    • Value Estimation by Request
      1,029 SF

      415 Taylor Dr

      RETAIL STORES (PERSONAL SERVICES)
      415 Taylor Dr, East Stroudsburg, PA 18301-7806
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    • Value Estimation by Request
      1,014 SF

      1635 Cherry Ln Rd

      RETAIL STORES (PERSONAL SERVICES)
      1635 Cherry Ln Rd, East Stroudsburg, PA 18301
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    • Value Estimation by Request
      8,288 SF

      20 Lenox Ave

      RETAIL STORES (PERSONAL SERVICES)
      20 Lenox Ave, East Stroudsburg, PA 18301-2411
      View Details
    • Value Estimation by Request
      420 SF

      186 7th Brg Rd

      RETAIL STORES (PERSONAL SERVICES)
      186 7th Brg Rd, East Stroudsburg, PA 18301-9100
      View Details

    Similar Nearby for Sale

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      9.47 Acres

      Prime Commercial Land Opportunity

      9.47-acre commercially zoned land near Interstate 80.
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    • Contact for pricing
      11,094 SF

      Versatile Commercial Building in East Stroudsburg

      Two-story, 11,094 sq. ft. commercial building on 0.76 acres.
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    • $1,200,000
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      Versatile Commercial Building, East Stroudsburg

      Two-story, 11,094 sq. ft. commercial building on 0.76 acres.
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      5,246 SF

      Mixed-Use Investment Property For Sale

      Mixed-use property featuring a restaurant, laundromat, and renovated apartment.
      246 N Courtland St, East Stroudsburg, PA 18301
      View Details
    • $895,000
      Pending

      Mixed-Use Investment Property For Sale

      Mixed-use property with high traffic and established anchor tenant.
      246 N Courtland St, East Stroudsburg, PA 18301
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    • $125,000
      3,370 SF

      Turnkey Auto Repair Business

      Established auto repair business for sale on Route 209.
      2115 Milford Rd, East Stroudsburg, PA 18301
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    Similar Nearby for Lease

    • $1,300 /Mo
      1,000 SF

      East Stroudsburg Commercial Lease Space

      Commercial lease space in Marshalls Creek/E. Stroudsburg strip center.
      2583 Milford Rd, East Stroudsburg, PA 18301
      View Details
    • Contact for pricing
      27,345 SF

      Eagles Glen Shopping Plaza: Retail Space

      Prime East Stroudsburg retail space available. Multiple units, flexible sizes.
      740 Milford Rd, East Stroudsburg, PA 18301
      View Details
    • Contact for pricing
      3,250 SF

      Retail Space in Pocono Plaza

      Grocer-anchored retail space in redeveloped Pocono Plaza.
      300 Lincoln Ave, East Stroudsburg, PA 18301
      View Details
    • $1,200 /Mo
      1,614 SF

      Versatile Commercial Space on Route 209

      1614 sqft commercial space on busy Route 209.
      2525 Milford Rd, East Stroudsburg, PA 18301
      View Details
    • $3,500 /Mo
      3,370 SF

      East Stroudsburg Two-Bay Garage

      Two-bay garage with office space on high-traffic Route 209.
      2115 Milford Rd, East Stroudsburg, PA 18301
      View Details
    • New
      $2,995 /Mo
      2,277 SF

      First-Floor Office Suite with ADA Restrooms

      Professional first-floor office suite with a kitchen and two ADA restrooms for comfortable daily operations.
      315 Dartmouth Dr, East Stroudsburg, PA 18301
      View Details
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    2490 Milford Rd
    East Stroudsburg, PA 18301-8825
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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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