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    Property profile & analytics

    277 Drinker Tpke Covington Township, PA 18424-7829

    • Turn key restaurants
    • 0.85 lot acres
    OFF-MARKET
    Value Estimation
    $210,000
    Last Sale
    Mar 31, 2023
    $200,000
    Location Intelligence
    Property ID
    US73-3767215
    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

    • Turn key restaurants

    Property Details for 277 Drinker Tpke

    Lot size
    0.85 lot acres
    Property type
    Turn key restaurants
    APN
    22602010009
    APU
    22602010009

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $190,000

    • CAP approach

      CAP return
      Estimation
      6%
      $275,000
      6.5%
      $285,000
      7%
      $280,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $240,000
      Geo Method
      $245,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $240,000
      Retail
      $235,000
      Mixed-Use
      $260,000
      Hospitality
      $245,000
      Educational
      $260,000
      Residential Income
      $255,000
      Energy
      $245,000
      Income-Based Land
      $285,000
      Food Service
      $280,000

    Location Insight

    • Map
    • Local Demand
    City
    Covington Township
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.5074
    Latitude
    41.27
    CBSA code
    42540
    CBSA name
    SCRANTON--WILKES-BARRE, PA METROPOLITAN 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
    $4,291
    $2,900
    $16,000
    $18,900
    -
    $2,900
    $16,000
    $18,900

    Comparable in this City

    • Value Estimation
      $415,000
      4,282 SF

      25 Phillips Rd

      RESTAURANT • 4,282 SF
      25 Phillips Rd, Gouldsboro, PA 18424-9342
      View Details
    • Value Estimation
      $140,000
      1,861 SF

      Gouldsboro, PA 18424

      RESTAURANT • 1,861 SF
      Gouldsboro, PA 18424
      View Details
    • Value Estimation
      $520,000
      1,900 SF

      2072 Rte 507

      CONVENIENCE STORE • 1,900 SF
      2072 Rte 507, Gouldsboro, PA 18424-7505
      View Details
    • Value Estimation
      $130,000
      1,296 SF

      Gouldsboro, PA 18424

      FINANCIAL BUILDING • 1,296 SF
      Gouldsboro, PA 18424
      View Details
    • Value Estimation
      $275,000
      136 SF

      23 State Rte 435

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 136 SF
      23 State Rte 435, Clifton Township, PA 18424-7920
      View Details
    • Value Estimation
      $355,000
      1.42 Acres

      Gouldsboro, PA 18424

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1.42 Acres
      Gouldsboro, PA 18424
      View Details

    Similar Nearby for Sale

    • $750,000
      3,600 SF

      Commercial Building on PA Route

      Commercial building with fenced yard, suitable for auto/truck service.
      109 Drinker Tpke, Gouldsboro, PA 18424
      View Details
    • $725,000
      3,845 SF

      Gouldsboro Tavern & Apartment

      Established Bar/Restaurant with Apartment
      239 Main St, Gouldsboro, PA 18424
      View Details
    • Contact for pricing
      Pending

      Cleared Land Near Community Lake

      Cleared residential lot in gated community with lake access.
      41 Birch Ln, Gouldsboro, PA 18424
      View Details
    • Contact for pricing
      1.27 Acres

      Recreational Land in Pocono Forest

      1.27-acre lot ideal for hunting and off-grid retreat.
      1109 Fawn Path, Gouldsboro, PA 18424
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    • $750,000
      5.64 Acres

      Covington Township Land For Sale

      5.64+/- acres at signalized corner, Route 435 and 307.
      Rt 307 & Douglas Dr, Covington Township, PA 18424
      View Details
    • $30,000
      1.18 Acres

      Pocono Springs Land Opportunity

      Four adjoining lots totaling 1.18 acres in Pocono Springs.
      4 Lots Shoshoni Trl, Gouldsboro, PA 18424
      View Details
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    277 Drinker Tpke
    Covington Township, PA 18424-7829
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    Realmo Value Estimation

    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.

    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.

    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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