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Property profile & analytics
OFF-MARKET
Estimated value
$4,035,000
Medical Office Space
505 Independence Rd, East Stroudsburg, PA 18301-7916
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-3652134
Property summary
AI-generated overview
This exceptional two-story office building at 505 Independence Road in East Stroudsburg, Pennsylvania, offers a variety of executive office suites for lease. Located in Monroe County, this property boasts a total of 19,242 square feet, with flexible space options ranging from a minimum of 811 square feet to a maximum contiguous space of 2,643 square feet. Currently, 5,280 square feet of office space is available. The building features multiple tenancy options, making it ideal for businesses of various sizes. Second-floor suites are currently available. The property offers ample parking for tenants and employees, a significant advantage in this area. Its convenient location provides easy access to major roadways, including I-80, Route 209, and Route 611, ensuring seamless commutes for your staff and clients. Furthermore, the building benefits from its proximity to numerous healthcare facilities, adding to its appeal and accessibility. This is a fantastic opportunity to secure high-quality office space in a desirable and well-connected location in East Stroudsburg, PA, zip code 18301. Contact us today to learn more about leasing options and to schedule a viewing.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Total area
28,205 SF
Lot
1.9 ac (82,764 SF)
Zoning code
C1
APN
16.8.2.12
UPID
US73-3652134
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
Current use
Occupant on record · Public records
-
James Liott, DC Alternative Medicine Practice
-
Chiropractic - Coordinated Health Alternative Medicine Practice
-
Stephen Brigido, DPM Physician
-
Coordinated Health - East Stroudsburg Medical Clinic
-
Pocono Vascular Institute LLC Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.26M
CAP Approach
CAP
$5.18M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.04M
Owner & transaction history
Hpiit Lehigh Valley 505 LLC · 5 yrs held
Hpiit Lehigh Valley 505 LLC
since 2020
Last sale
$4.0M
4 recorded transactions
Zoning & alternative use
C1 · East Stroudsburg, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.4M
+35.7%
Auto repair, garage
$3.8M
+17.4%
Retail stores
$3.7M
+13.0%
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 East Stroudsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Stroudsburg 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
$3,885,000
ML approach
$4,255,000
CAP Approach
CAP Return
Estimation
6%
$5,605,000
6.5%
$5,175,000
7%
$4,805,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,250,000
Current use
RESTAURANT
$4,405,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,815,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$3,670,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$4.04M
Range $3.63M – $4.44M · ±10% · vs last sale $4.00M (Jul 7 2020)
Last sale anchor
$4.00M
Jul 7 2020
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
$143 / 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
$15,629
Tax year 2024
Assessed value
$2,241,290
Assessed 2024
Previous assessed
$4,511,310
-50.3% YoY
Effective rate
0.70%
On assessed value
Assessed land
$323,010
Assessed improvement
$1,918,280
Land market value
$323,010
Improvement market value
$1,918,280
Total market value
$2,241,290
Applied tax rate
16.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
28,205 SF
Lot
1.9 ac (82,764 SF)
Zoning code
C1
APN
16.8.2.12
UPID
US73-3652134
Jurisdiction
MONROE
Zoning & alternative use
C1 · East Stroudsburg, PA
Zoning C1 · permitted uses
C1 · East Stroudsburg, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Stroudsburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.3M
RESTAURANT
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$3.8M
RETAIL STORES
Est. value
$3.7M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2002
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.9 ac
Current owner
From public records · entity-resolved
Hpiit Lehigh Valley 505 LLC
Entity
Mailing address
1400 N WATER ST STE #500, MILWAUKEE, WI 53202-4129
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2020
—
Hpiii Lehigh Valley 505 LLC
—
Deed
related
$39,648,000 · Cit Bank NA
Jul 7, 2020
$3,350,000
Hpiit Lehigh Valley 505 LLC
505 Holdings LP
Grant Deed
—
Aug 19, 2014
—
505 Holdings LP
—
Grant Deed
related
$4,860,000 · Natixis R/e Cap
Sep 24, 2010
$4,000,000
505 Holdings LP
Edinger Realty Co
Grant Deed
$3,750,000 · Knbt
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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