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    Property profile & analytics

    5357 Development Park Dr Pocono Summit, PA 18346-7868

    • Commercial real estate
    • 33,600 SF
    • 5.01 lot acres
    OFF-MARKET
    Value Estimation
    $1,395,000
    Location Intelligence
    Property ID
    US73-3858812
    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

    • Summit Lanes / Bowling Alley

    Property Details for 5357 Development Park Dr

    Year built
    1999
    Lot size
    5.01 lot acres
    Property size
    33,600 SF
    Zone code
    CI
    Property type
    Commercial real estate
    APN
    19.1.1.31
    APU
    191131

    Description

    This fee-simple industrial property in Pocono Summit, PA, offers 41,160 square feet of space on a 10.03-acre lot. The single-unit building, constructed in 1999, features a 33,600 square foot main floor and approximately 7,560 square feet of upper-level studio space. Ceiling heights range from 12 to 27 feet. The property boasts 156 parking spaces and is zoned C-I, allowing for diverse commercial or industrial uses. The building's features include a steel frame, concrete slab foundation, painted concrete-block exterior walls, metal-framed storefront doors, and a flat rubber-membrane roof. HVAC is provided by roof-mounted compressors and electric heat pumps. The interior includes finished concrete floors, painted block walls, and open ceilings with suspended fluorescent lighting. The main floor currently includes a foyer, food service area with commercial kitchen, bowling alley, sales area, game arcade, billiard area, office, sports/repair shop, bar, and restrooms. An additional 5-acre parcel with Route 940 frontage is included, presenting significant development potential. A conceptual plan shows a possible redevelopment into a hotel, restaurant, and gas station/convenience store. The property's location offers easy access to major highways and is near popular attractions like Camelback Mountain Resort, Mount Airy Casino Resort, and Kalahari Resorts. The asking price is $4,000,000, with a price per square foot of $97.18. The APN is 19634504923555, 19634504927170.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pocono Summit
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.393
    Latitude
    41.1102
    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
    $10,775
    $100,610
    $1,563,140
    $1,663,750
    -
    $100,610
    $1,563,140
    $1,663,750

    Comparable in this City

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    • Value Estimation
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    • Value Estimation by Request
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    Pocono Summit, PA 18346-7868
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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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