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    67 Acres Near Tioga Forest Title is generated by Realmo AI

    297 Big Bridge Hollow Lane, Westfield, PA 16950

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    Claim this Listing
    For Sale
    $379,900

    Vacant Land - Westfield, PA

    Lot size:
    67.00 Acres
    Added:
    Aug 28, 2025
    Days on Market:
    281
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 297 Big Bridge Hollow Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    300
    Parking features
    Garage
    Standard status
    Active
    APN
    15-05.00-074, 15-05.00-082
    Lot size
    67.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3225

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Craig Baronio

    Listing agent Craig Baronio

    Listing office WHITETAIL PROPERTIES REAL ESTATE LLC (PA) 121 S. Madison Ave., Pittsfield, PA

    Listing date Aug 28, 2025

    MLS# 11568139 Listing URL

    Copyright © 2026 My State 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

    • Borders Tioga State Forest: Enjoy direct access to recreation and natural beauty.
    • 67‑Acre Wooded Parcel: Offers privacy and timber potential.
    • Ridgetop Views: Take in the scenic vistas of the landscape.
    • Hardwood Restoration Project: Enhances forest health and wildlife habitat.
    • Road Frontage: Convenient access from Big Bridge Hollow Lane.
    • Existing Garage and Storage Container: Provides immediate storage solutions.

    Overview

    This 67-acre parcel, located near Westfield in northern Tioga County, Pennsylvania, borders the Tioga State Forest. The property is mostly wooded with a mix of young and mature timber, and includes a completed hardwood restoration project. The terrain rises to a ridgetop that provides views of the surrounding hills and valleys. A gas pipeline right-of-way runs through the property, creating an open corridor. The rest of the property is primarily mixed hardwood forest. Existing improvements include a block-constructed garage and a Conex storage container. An electric meter is mounted on a foundation but currently disconnected; the nearest utility pole is located across Big Bridge Hollow Road. OGM rights on the property are negotiable and not included at the list price. Road frontage along Big Bridge Hollow Lane offers access to the property. Nearby communities include Westfield (about 4 miles), Elkland (approximately 12 miles), and Wellsboro (around 17 miles). This property provides a setting for hunting, trail riding, camping, timber management, or building a rural getaway, subject to local approvals and regulations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Westfield
    County
    Tioga
    State
    Pennsylvania
    Longitude
    -77.528423
    Latitude
    41.758177

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    FAQs

    What type of property is this?
    Land - 67 acres of wooded land bordering Tioga State Forest.
    Where is this land located?
    The property is located at 297 Big Bridge Hollow Lane Westfield, PA.
    What is the asking price?
    The asking price for this property is $379,900.
    What are key features of this property?
    This property features: Borders Tioga State Forest: Enjoy direct access to recreation and natural beauty.; 67‑Acre Wooded Parcel: Offers privacy and timber potential.; Ridgetop Views: Take in the scenic vistas of the landscape.
    (217) 285-9000
    We can help!
    Listing Contact
    Craig Baronio
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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
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