Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Lot on Elmira Street Title is generated by Realmo AI

    1233 Elmira Street, Sayre, PA 18840

    View on Map
    Claim this Listing
    For Sale
    $550,000

    Commercial Sale - Sayre, PA

    Lot size:
    0.82 Acres
    Added:
    Sep 6, 2023
    Days on Market:
    979
    Last Refresh:
    May 11 at 9:06 pm

    Property Features for 1233 Elmira Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.82 Acres

    Building Details

    Building materials
    Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Sarah Dunn
    Sarah Dunn

    Listing agent Sarah Dunn

    Listing office Henry Dunn, Inc. Sayre Sayre, PA

    Listing date Sep 6, 2023

    MLS# 31717239 Listing URL

    Copyright © 2026 Northern Mountains of Pennsylvania MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime commercial lot on busy Elmira Street.
    • .82 acres ready to build upon.
    • Water, sewer, and curb cuts already in place.
    • Easy access on and off Route 220.
    • Ideal for elevating business dreams.
    • Favorable location.

    Overview

    This commercial lot, situated on Elmira Street in Sayre, Pennsylvania, offers 0.82 acres of land suitable for development. The property benefits from existing water and sewer connections, along with established curb cuts, facilitating ease of construction. Its location provides convenient access to and from Route 220. This lot presents an opportunity for business development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sayre
    County
    Bradford
    State
    Pennsylvania
    Longitude
    -76.537706
    Latitude
    41.969614

    Nearby Similar for Sale

    • $495,000

      High-Visibility Commercial Parcel in Sayre

      Prime commercial investment opportunity in active traffic corridor.
      471 N Keystone Avenue, Sayre, PA 18840
      View Details
    • $45,000

      Retail Space in Sayre, PA

      Commercial building suitable for retail or investment in Sayre.
      101 S Thomas Avenue, Sayre, PA 18840
      View Details
    • $850,000

      Spacious Commercial Building in Sayre

      8,700 sq ft commercial building in the heart of Sayre.
      201/205 N Lehigh, Sayre, PA 18840
      View Details
    • $112,500

      Land in Ridgebury Lake Community

      2.56-acre corner lot near lake with building flexibility.
      0 Lakeside Dr, Sayre, PA 18840
      View Details
    • $440,000

      Mixed-Use Property in Sayre, PA

      Mixed-use property featuring business fronts, apartment, warehouse, and garage.
      313 N. Elmer, Sayre, PA 18840
      View Details
    • $29,000

      Commercial Land in Sayre, PA

      Vacant land suitable for retail, office, or residential development.
      121 S Thomas Avenue, Sayre, PA 18840
      View Details
    • $240,000

      65 Acres Vacant Land, Sayre

      65 acres of vacant land with pond near town.
      0 N Macafee Rd, Sayre, PA 18840
      View Details
    • $45,000

      Vacant Lot in South Waverly

      Vacant lot with utilities ready for new construction.
      0 Loder Street, Sayre, PA 18840
      View Details
    • $219,000
      1,702 SF

      Duplex Near Robert Packer Hospital

      Well-maintained duplex in Sayre, PA, near Robert Packer Hospital.
      334 West Lockhart, Sayre, PA 18840
      View Details
    • $225,000
      4,368 SF

      Single Tenant NNN Investment Property

      NNN leased commercial building in prime location, Sayre, PA.
      408 N Keystone Ave, Sayre, PA 18840
      View Details
    • $290,000

      Vacant Land in Rural Setting

      110 acres of versatile land for recreation and hunting.
      0 Snow Road & Cole Hill Road, Sayre, PA 18840
      View Details
    • $299,000

      Commercial Land For Sale

      0.78 acre commercial land available in Sayre, Pennsylvania.
      100 Henry Street, Sayre, PA 18840
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.82 acre commercial lot with utilities in Sayre, PA.
    Where is this commercial land located?
    The property is located at 1233 Elmira Street Sayre, PA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Prime commercial lot on busy Elmira Street.; .82 acres ready to build upon.; Water, sewer, and curb cuts already in place.
    (570) 888-2407
    We can help!
    Listing Contact
    Sarah Dunn
    Sarah Dunn
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1233 Elmira Street, Sayre, PA 18840
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!