Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2797 Rte 611 Tannersville, PA 18372

    • Commercial real estate
    • 8,408 SF
    • 0.98 lot acres
    OFF-MARKET
    Last Sale
    Apr 28, 2025
    $775,000
    Value Estimations
    $690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-3990725
    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

    • Commercial real estate

    Property Details for 2797 Rte 611

    Year built
    1909
    Lot size
    0.98 lot acres
    Property size
    8,408 SF
    Zone code
    C
    Property type
    Commercial real estate
    APN
    12.8.1.15
    APU
    128115

    Description

    Fullerton Plaza offers a fantastic 974-square-foot retail space currently available for lease. This versatile suite is ideal for a variety of uses, including dental, medical (non-dispensary), retail, real estate, or insurance offices. The space boasts one ADA-compliant bathroom and individual air conditioning units for optimal climate control. The building underwent a complete remodel in 2023, ensuring modern and updated amenities. Its strategic location near the intersection of State College and Orangethorpe avenues provides excellent visibility and accessibility. Furthermore, the property benefits from its convenient proximity to the 57 and 91 freeways, ensuring easy commutes for both employees and customers. The landlord is offering attractive lease incentives, including the possibility of free rent and/or tenant improvement allowances, making this an exceptional opportunity for prospective tenants. Please note that floor plans represent approximate square footage.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $735,000
      ML approach
      $650,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $597,000
      Market price range: $465k - $902k
      AI Estimate
      $590,000
      Market price range: $361k - $886k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $630,000
      Current use
      AUTO REPAIR, GARAGE
      $1,135,000
      Change: +81% Conversion: Difficult
      RETAIL STORES
      $1,095,000
      Change: +74% Conversion: Easy
      OFFICE BUILDING
      $1,005,000
      Change: +60% Conversion: Easy
      MEDICAL BUILDING
      $970,000
      Change: +54% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tannersville
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.3067
    Latitude
    41.0429
    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
    $4,011
    $247,000
    $278,220
    $525,220
    -
    $247,000
    $278,220
    $525,220

    Comparable in this City

    • Value Estimation by Request
      400 SF

      2936 School-1

      Commercial real estate • 400 SF
      2936 School-1, Tannersville, PA 18372
      View Details
    • Value Estimation by Request
      2,606 SF

      2813 Rte 611

      COMMERCIAL (GENERAL) • 2,606 SF
      2813 Rte 611, Tannersville, PA 18372-7961
      View Details
    • Value Estimation by Request
      1,970 SF

      163 Learn Rd

      COMMERCIAL (GENERAL) • 1,970 SF
      163 Learn Rd, Tannersville, PA 18372-7951
      View Details
    • Value Estimation by Request
      1,708 SF

      2716 Rte 611

      COMMERCIAL (GENERAL) • 1,708 SF
      2716 Rte 611, Tannersville, PA 18372-7876
      View Details
    • Value Estimation by Request
      1,184 SF

      2936 School-2

      Commercial real estate • 1,184 SF
      2936 School-2, Tannersville, PA 18372
      View Details
    • Value Estimation by Request
      2,750 SF

      2836 End Cap

      Commercial real estate • 2,750 SF
      2836 End Cap, Tannersville, PA 18372
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      636 SF

      Tannersville Office Suite - Lease

      636 sq ft office, prime location.
      2937 Route 611, Tannersville, PA 18372
      View Details
    • Contact for pricing
      1,148 SF

      Tannersville Plaza Retail Space

      Prime Route 611 Retail Opportunity
      2836 Inline, Tannersville, PA 18372
      View Details
    • Contact for pricing
      1,230 SF

      Tannersville Commercial Office Space

      Prime Tannersville Office, 3.38 Acres
      2936 School-4, Tannersville, PA 18372
      View Details
    • Contact for pricing
      564 SF

      Tannersville Office Suite - Lease

      Prime Office Space, June 1st Availability
      2937 Route 611, Tannersville, PA 18372
      View Details
    • Contact for pricing
      400 SF

      Tannersville Commercial Office Space

      Prime Tannersville Office, 3.38 Acres
      2936 School-1, Tannersville, PA 18372
      View Details
    • Contact for pricing
      595 SF

      Tannersville Commercial Office Space

      Prime Office Space, 3.38 Acres
      2936 School-3, Tannersville, PA 18372
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      1,148 SF

      Retail Space in Tannersville Plaza

      Retail space for lease in grocery-anchored shopping center.
      2836 Route 611, Tannersville, PA 18372
      View Details
    • Contact for pricing
      702,000 SF

      Prime Distribution Warehouse Space Available

      Premier Northeast Pennsylvania location with easy access to major highways.
      246 Warner Rd, Tannersville, PA 18372
      View Details
    • $3,450 /Mo
      2,590 SF

      Tannersville Commercial Lease Opportunity

      Prime commercial space suitable for medical, dental, legal, or veterinary practices.
      106 Talon Dr, Tannersville, PA 18372
      View Details
    • $7,500 /Mo
      5,112 SF

      Historic Church Near Pocono Attractions

      Unique commercial opportunity near major attractions and transportation.
      2008 Sullivan Trl, Tannersville, PA 18372
      View Details
    • $19 SF/Yr
      600 SF

      Tannersville Office Space For Lease

      Office space available in multi-tenant building on Route 611.
      2937 Route 611, Tannersville, PA 18372
      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.
    2797 Rte 611
    Tannersville, PA 18372
    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

    Google sign-in failed. Please try again or use another login method.