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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Outlet malls
2590 Rte 940 Pocono Summit, PA 18346-7764
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-3610856
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2014
Total area
9,088 SF
Lot
1.55 ac (67,518 SF)
Zoning code
C
APN
19.4.1.15
UPID
US73-3610856
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.49M
CAP Approach
CAP
$1.58M
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$1.49M
Owner & transaction history
Bright Sky LLC · 2 yrs held
Bright Sky LLC
since 2024
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
C · Pocono Summit, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+20.1%
Auto repair, garage
$1.2M
+3.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pocono Summit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pocono Summit submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,490,000
ML approach
$1,490,000
CAP Approach
CAP Return
Estimation
6%
$1,710,000
6.5%
$1,575,000
7%
$1,465,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,185,000
Current use
RESTAURANT
$1,420,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,230,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$1,085,000
Change: -8% · Conversion: Easy
MEDICAL BUILDING
$1,045,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±10% · vs last sale $1.49M (Apr 22 2024)
Last sale anchor
$1.49M
Apr 22 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$164 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$11,141
Tax year 2024
Assessed value
$1,720,210
Assessed 2024
Previous assessed
$1,720,210
+0.0% YoY
Effective rate
0.65%
On assessed value
Assessed land
$610,500
Assessed improvement
$1,109,710
Land market value
$610,500
Improvement market value
$1,109,710
Total market value
$1,720,210
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2014
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
9,088 SF
Lot
1.55 ac (67,518 SF)
Zoning code
C
APN
19.4.1.15
UPID
US73-3610856
Jurisdiction
MONROE
Zoning & alternative use
C · Pocono Summit, PAZoning C · permitted uses
C · Pocono Summit, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.55 ac
Current owner
From public records · entity-resolved
Bright Sky LLC
Entity
Mailing address
490 CLARK DR, ORWIGSBURG, PA 17961-1628
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2024
$1,490,000
Bright Sky LLC
Segal Associates Of New Jersey LP
Special Warranty Deed
$745,000 · Nbt Bank National Association
Nov 7, 2019
—
Segal Assocs Of New Jersey LP
—
Deed
related
$800,000 · Miscellaneous Ins Co
Feb 11, 2016
$1,703,000
New Jersey LP
Pocono Dg LLC
Deed
$1,277,250 · Valley National Bank
Apr 27, 2004
$135,000
Shikhman Isaak
Bartnick,henry J & Olga
Grant Deed
—
—
—
Segal Assocs Of New Jersey LP
—
Deed Of Trust
related
$800,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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