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    For Sale (19)

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    Wooded Land in Etters, PA
    $300,000
    12.20 Acres

    Wooded Land in Etters, PA

    12+ acre wooded parcel in West Shore School District.

    2 D-2, Etters, PA 17319
    View details
    Land in Hershey School District
    $299,000
    2.55 Acres

    Land in Hershey School District

    2.55 acres, perced and probed, ready for development.

    N Hill Church Rd, Hummelstown, PA 17036
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    Secluded 1.13-Acre Lot
    $270,900
    1.13 Acres

    Secluded 1.13-Acre Lot

    Private 1.13-acre lot in Hummelstown, PA.

    Jillian Way, Hummelstown, PA 17036
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    Prime Land with Golf Course Views
    $250,900
    4.81 Acres

    Prime Land with Golf Course Views

    4.81 acre lot in Farm Crest community.

    Jillian Way, Hummelstown, PA 17036
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    Wooded Acreage in Frenchville, PA
    $79,500
    11.92 Acres

    Wooded Acreage in Frenchville, PA

    11.92 acres of wooded land with hunting possibilities.

    N Wood Rd, Frenchville, PA 16836
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    6-Acre Lot in Palmyra, PA
    $650,000
    6.13 Acres

    6-Acre Lot in Palmyra, PA

    Build your dream home on this 6-acre Palmyra lot.

    Felty Mill Rd, Palmyra, PA 17078
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    10-Acre Homesite in Palmyra, PA
    $1,050,000
    10.14 Acres

    10-Acre Homesite in Palmyra, PA

    Build your dream home on this secluded 10-acre lot.

    Stauffers Church Rd, Palmyra, PA 17078
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    Land in Palmyra, Pennsylvania
    $750,000
    7.60 Acres

    Land in Palmyra, Pennsylvania

    7.6-acre lot near Hershey for custom home construction.

    Stauffers Church Rd, Palmyra, PA 17078
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    6-Acre Lot in Palmyra, PA
    $650,000
    6.28 Acres

    6-Acre Lot in Palmyra, PA

    Build your dream home on this 6-acre Palmyra lot.

    Felty Mill Rd, Palmyra, PA 17078
    View details
    Residential Lot with Golf Views
    $270,900
    1.23 Acres

    Residential Lot with Golf Views

    1.23-acre lot with golf course views near Hershey/Harrisburg.

    Jillian Way, Hummelstown, PA 17036
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    Cleared Lot in Harrisburg, PA
    Contact for pricing
    0.04 Acres

    Cleared Lot in Harrisburg, PA

    Cleared lot with utilities, ideal for residential or commercial development.

    325 Hummel St, Harrisburg, PA 17104
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    1.3-Acre Lot in Hummelstown, PA
    $250,000
    1.30 Acres

    1.3-Acre Lot in Hummelstown, PA

    1.3-acre lot for a custom luxury home near Hershey.

    Orchard Rd, Hummelstown, PA 17036
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    1.35 Acre Lot in Hummelstown
    $250,000
    1.35 Acres

    1.35 Acre Lot in Hummelstown

    1.35-acre lot for a custom luxury home.

    Orchard Rd, Hummelstown, PA 17036
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    Harrisburg Vacant Lots For Sale
    Contact for pricing
    0.01 Acres

    Harrisburg Vacant Lots For Sale

    Two adjacent vacant lots in Harrisburg, PA. Great investment opportunity.

    2236 Atlas St, Harrisburg, PA 17110
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    Harrisburg Vacant Lots Available
    Contact for pricing
    0.01 Acres

    Harrisburg Vacant Lots Available

    Two neighboring vacant lots in Harrisburg, PA. Great investment opportunity.

    2240 Atlas St, Harrisburg, PA 17110
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    Harrisburg Land Redevelopment Opportunity
    Contact for pricing
    0.02 Acres

    Harrisburg Land Redevelopment Opportunity

    Vacant lot in Olde Uptown Harrisburg ready for development.

    337 Peffer St, Harrisburg, PA 17102
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    Residential Lot in Harrisburg, PA
    Contact for pricing
    0.03 Acres

    Residential Lot in Harrisburg, PA

    Residential lot for single-family home or investment property.

    80 Disbrow St, Harrisburg, PA 17103
    View details
    Palmyra PA Buildable Lot
    $59,900
    0.21 Acres

    Palmyra PA Buildable Lot

    Flat, buildable lot in Palmyra Area School District.

    Palmyra, PA 17078
    View details
    Two Vacant Lots in Harrisburg
    Contact for pricing

    Two Vacant Lots in Harrisburg

    Two adjacent vacant lots, suitable for development or investment.

    2236 Atlas St, Harrisburg, PA 17110
    View details

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    • For Sale

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    Keller Williams of Central Pa East
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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
    Keller Williams of Central Pa East
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