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    Property profile & analytics

    3397 Route 940 Mount Pocono, PA 18344

    • Turn key restaurants
    • 4,416 SF
    • 0.48 lot acres
    For Sale
    View listing
    $850,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-4150585
    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 3397 Route 940

    Year built
    1969
    Lot size
    0.48 lot acres
    Property size
    4,416 SF
    Zone code
    C-2
    Property type
    Turn key restaurants
    APN
    10.6.1.32
    APU
    106132

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $215,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $350,000
      Market price range: $214k - $1.27M
      AI Estimate
      $161,000
      Market price range: $161k - $484k

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pocono
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.3605
    Latitude
    41.1267
    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
    $2,823
    $59,400
    $209,930
    $269,330
    -
    $59,400
    $209,930
    $269,330

    Comparable in this City

    • Value Estimation
      $175,000
      6,851 SF

      1194 Pocono Blvd

      RESTAURANT • 6,851 SF
      1194 Pocono Blvd, Mount Pocono, PA 18344-1040
      View Details
    • Value Estimation
      $225,000
      7,799 SF

      16 Frk St

      RESTAURANT • 7,799 SF
      16 Frk St, Mount Pocono, PA 18344-1202
      View Details
    • Value Estimation
      $235,000
      2,862 SF

      1414 Pocono Blvd

      RESTAURANT • 2,862 SF
      1414 Pocono Blvd, Mount Pocono, PA 18344-1603
      View Details
    • Value Estimation
      $300,000
      3,081 SF

      89 Oak St

      RESTAURANT • 3,081 SF
      89 Oak St, Mount Pocono, PA 18344-1358
      View Details
    • Value Estimation
      $995,000
      2,736 SF

      1267 Pocono Blvd

      RESTAURANT • 2,736 SF
      1267 Pocono Blvd, Mount Pocono, PA 18344-1043
      View Details
    • Value Estimation
      $345,000
      14,502 SF

      3382 Rte 940

      RESTAURANT • 14,502 SF
      3382 Rte 940, Mount Pocono, PA 18344-1151
      View Details

    Similar Nearby for Sale

    • $850,000
      3,174 SF

      Mount Pocono Commercial Building

      Commercial building for sale at a busy intersection.
      3397 Route 940, Mount Pocono, PA 18344
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    • $820,000
      6,656 SF

      Mount Pocono Restaurant For Sale

      6,656 SF restaurant with extra parking near resorts.
      1874 Route 611, Mount Pocono, PA 18344
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    • $299,995
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      Mount Pocono Mixed-Use Property

      Prime C-2 Zoned property suitable for commercial and residential use.
      21 Sterling Rd, Mount Pocono, PA 18344
      View Details
    • $4,923,000
      13,377 SF

      CVS Pharmacy Investment Opportunity

      NNN Leased Retail Property, PA
      3016 Pa-940, Mount Pocono, PA 18344
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    • Contact for pricing
      0.25 Acres

      Land in Pocono Summit Lakes

      Residential building lot in lovely Pocono Summit Lakes community.
      13 Stratton Pl, Mount Pocono, PA 18344
      View Details
    • $54,900
      0.32 Acres

      Flat Lot in Mount Pocono

      Residential land near shopping, dining, and Pocono attractions.
      21 Winona Rd, Mount Pocono, PA 18344
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      14,502 SF

      High-Traffic Retail Space in Pocono

      14,000 SF retail space with drive-thru in high-traffic location.
      3382 Route 940, Mount Pocono, PA 18344
      View Details
    • Contact for pricing
      45,426 SF

      Mt. Pocono Crossing Retail Center

      High-traffic retail space available in Mount Pocono, PA
      3184 Pa-940, Mount Pocono, PA 18344
      View Details
    • Contact for pricing
      19,521 SF

      Mt. Pocono Plaza Retail Space

      Prime Retail Space - 19,521 SF Available
      3236 Pa-940, Mount Pocono, PA 18344
      View Details
    • $1,500 /Mo
      1,920 SF

      Mount Pocono Mixed-Use Property

      Commercial space with residential apartment in high-traffic area.
      21 Sterling Rd, Mount Pocono, PA 18344
      View Details
    • Contact for pricing
      4,350 SF

      Mt. Pocono Retail Pad - New Construction

      ±4,350 SF Retail Space; Prime Mt. Pocono Location
      3196 Pa-940, Mount Pocono, PA 18344
      View Details
    • $950 /Mo
      700 SF

      Retail Space in Mount Pocono

      700 SF commercial space for lease in Mount Pocono.
      27 Sterling Rd, Mount Pocono, PA 18344
      View Details
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    3397 Route 940
    Mount Pocono, PA 18344
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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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