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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Retail space
2937 Rte 611 Tannersville, PA 18372-9990
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-3960099
Property summary
AI-generated overview
This 636 square foot office space is available for lease in the desirable Merchants Plaza, located at 2937 Route 611, Suite 11A, Tannersville, PA. Merchants Plaza is a well-maintained, 23,000 square foot multi-tenant building situated on State Route 611, offering excellent visibility and accessibility. The property boasts convenient elevator access for easy tenant and client movement throughout the building. Ample paved on-site parking is provided for tenants and their guests, eliminating parking hassles. This established business center benefits from a strong tenant mix, including the United States Post Office, CareGivers America, and Careerlink of Monroe County, ensuring a vibrant and reliable business environment. The 2.22-acre lot provides ample space and a professional setting. The lease rate is $1050. This suite presents a fantastic opportunity for businesses seeking a well-located, comfortable, and convenient office space in a thriving commercial center. The property is ready for immediate occupancy. Inquire today to schedule a viewing.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1988
Construction
FRAME
Total area
26,164 SF
Lot
2.22 ac (96,703 SF)
Zoning code
C
APN
12.8.1.41
UPID
US73-3960099
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$643k
Blend (final)
Blend
$985k
Owner & transaction history
Merchants Plaza Associates LP · 5 yrs held
Merchants Plaza Associates LP
since 2021
1 recorded transaction
Zoning & alternative use
C · Tannersville, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Tannersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tannersville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10%
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
$38 / 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
$10,921
Tax year 2024
Assessed value
$1,401,390
Assessed 2024
Previous assessed
$1,401,390
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$305,500
Assessed improvement
$1,095,890
Land market value
$305,500
Improvement market value
$1,095,890
Total market value
$1,401,390
Applied tax rate
12.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
26,164 SF
Lot
2.22 ac (96,703 SF)
Zoning code
C
APN
12.8.1.41
UPID
US73-3960099
Jurisdiction
MONROE
Zoning & alternative use
C · Tannersville, PA
Zoning C · permitted uses
C · Tannersville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tannersville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.22 ac
Current owner
From public records · entity-resolved
Merchants Plaza Associates LP
Entity
Mailing address
528 MAIN ST STE #200, HARLEYSVILLE, PA 19438-2266
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2021
—
Merchants Plaza Associates LP
—
Deed
related
$1,882,500 · Peoples Security Bank & Trust Company
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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