Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16 Water St Wellsboro, PA 16901

    Sponsored
    For Sale
    $299,900

    Commercial Sale - Wellsboro, PA

    Lot size:
    0.08 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 21 at 8:06 pm

    Property Features for 16 Water St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Bathrooms
    3
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating), Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1901
    Building materials
    Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Ronda Brill
    Ronda Brill

    BHHS Hodrick Realty - Wellsboro (570) 724-1890

    Listing agent Ronda Brill (570) 724-1890

    Listing date Feb 19, 2026

    MLS# 31725904 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.

    Learn more

    Property Insight Report

    Overview

    Updated Commercial Space in Wellsboro

    This updated commercial space is located in downtown Wellsboro, Pennsylvania, just a block from Main Street and Packer Park, offering convenient access to downtown amenities. The property features office space suitable for business, medical, or retail ventures, with possibilities for offices, childcare, and potential retail space, subject to borough approval. The building includes central air conditioning, an updated forced air furnace with natural gas heating, and updated flooring. The property is located at 16 Water Street, Wellsboro, PA 16901.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wellsboro
    County
    Tioga
    State
    Pennsylvania
    Longitude
    -77.3016432
    Latitude
    41.7488185

    Nearby Similar for Sale

    • $800,000
      0.31 Acres

      Historic Building in Wellsboro

      Historic building with medical office tenant and unique features.
      2 Waln St, Wellsboro, PA 16901
      View Details
    • New
      $269,000
      Pending

      Established Business in Wellsboro, PA

      Well-established business with 28 years of local history for sale.
      11719 Route 6, Wellsboro, PA 16901
      View Details
    • $1,900,000
      13,813 SF

      Wellsboro, PA Retail Opportunity

      13,813 SF retail building on 1.37-acre corner lot.
      24 East Ave, Wellsboro, PA 16901
      View Details
    • $549,900
      Pending

      Gas Station and Auto Garage

      Turnkey gas station and auto service garage on busy corner.
      110 Tioga St, Wellsboro, PA 16901
      View Details
    • $4,500,000
      67,277 SF

      Wellsboro Plaza: Prime Investment

      Pennsylvania Retail & Office Center
      120 Plaza Ln, Wellsboro, PA 16901
      View Details
    • Contact for pricing
      363,170 SF

      Warehouse/Manufacturing Space with Silos

      Economical warehouse/manufacturing space with office building and storage silos.
      1 Jackson St, Wellsboro, PA 16901
      View Details

    FAQs

    What type of property is this?
    Office space - Updated commercial space near Main Street, Wellsboro, PA.
    Where is this office space located?
    The property is located at 16 Water St Wellsboro, PA.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: - Prime downtown location, just one block from Main Street and Packer Park.; - Updated space suitable for office, medical, or retail use.; - Central air conditioning.
    (570) 439-2118
    Request Owner's contact information
    16 Water St Wellsboro, PA 16901
    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.
    16 Water St
    Wellsboro, PA 16901
    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
    16 Water St Wellsboro, PA 16901
    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

    We can help!
    Listing Contact
    Ronda Brill
    Ronda Brill
    (570) 439-2118 (570) 724-1890 (570) 723-8484
    Learn more
    Google sign-in failed. Please try again or use another login method.