Add Listing
    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

    Lot 2R Laurel Ridge Rd Johnstown, PA 15909

    View on Map
    Claim this Listing
    For Sale
    $498,820

    Commercial/Business Ops - Johnstown, PA

    Lot size:
    28.50 Acres
    Added:
    Sep 16, 2025
    Days on Market:
    221
    Last Refresh:
    Apr 24 at 8:06 am

    Property Features for Lot 2R Laurel Ridge Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Industrial
    Parking features
    None
    Standard status
    Active
    Lot size
    28.50 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michele Haschak

    Listing agent Michele Haschak

    Listing office BHHS Preferred Johnstown Johnstown, PA

    Listing date Sep 16, 2025

    MLS# 96037334 Listing URL

    Copyright © 2026 Cambria Somerset Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Laurel Ridge Industrial Park Land

    Located in Laurel Ridge Business Park, this property offers an opportunity for business development with lasting economic impact. The site is zoned for light industrial use and benefits from its location within a Keystone Opportunity Expansion Zone (KOEZ) with over 6 years remaining. The property has visibility from US Route 22. Public utilities, including electric, water, sewage, and gas, are available and brought to the lot lines. The available land comprises 5 lots, with sizes starting at 8.181 acres, within the total 28.504 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnstown
    County
    Cambria
    State
    Pennsylvania
    Longitude
    -78.946197
    Latitude
    40.350911

    Nearby Similar for Sale

    • $315,000

      Johnstown Office Space For Sale

      Modern office space suitable for multiple uses on 1.5 acres.
      941 Pinegrove Lane, Johnstown, PA 15905
      View Details
    • $450,000

      Remodeled Office Building in Johnstown

      Updated office building with modern amenities and accessibility features.
      328 Budfield Street, Johnstown, PA 15904
      View Details
    • $1,600,000
      42,220 SF

      Functional Industrial Space on Eisenhower Boulevard

      42,220 SF industrial property on 4.3 acres in Johnstown.
      850 Eisenhower Boulevard, Johnstown, PA 15904
      View Details
    • $1,600,000

      Functional Industrial Space on Eisenhower

      42,220 SF industrial space on 4.3 acres in Johnstown.
      850 Eisenhower Boulevard, Johnstown, PA 15904
      View Details
    • $129,900

      Car Wash Investment Opportunity

      Two car wash locations for sale as a package deal.
      266 Strayer Street, Johnstown, PA 15906
      View Details
    • $3,890,900

      Established Auto Business For Sale

      Thriving auto business in Johnstown, PA with room to expand.
      629 Scalp Avenue, Johnstown, PA 15904
      View Details
    • $59,900

      Johnstown Commercial/Business Opportunity

      Highly visible office/garage with parking in Johnstown's 7th Ward.
      830 Horner Street, Johnstown, PA 15902
      View Details
    • $35,000

      Johnstown Commercial Property with Drive-Through

      Well-known commercial property with drive-through in high-traffic area.
      466 Harold Avenue, Johnstown, PA 15906
      View Details
    • $155,000

      Johnstown Office Space For Sale

      Prime office space with ample parking and potential for expansion.
      2750 William Penn Avenue, Johnstown, PA 15909
      View Details
    • $134,900

      Johnstown Commercial Property For Sale

      Commercial property in high-traffic Johnstown location with office and warehouse space.
      225 Southmont Boulevard, Johnstown, PA 15905
      View Details
    • $129,900

      Car Wash Investment Opportunity

      Two car wash locations for sale as a package deal.
      635-639 Maple Avenue, Johnstown, PA 15901
      View Details
    • $124,900

      Johnstown Commercial/Business Opportunity

      Former appliance store complex with multiple buildings and large parking.
      521 Franklin, Johnstown, PA 15901
      View Details

    FAQs

    What type of property is this?
    Commercial land - Industrial land for sale in Laurel Ridge Business Park.
    Where is this commercial land located?
    The property is located at Lot 2R Laurel Ridge Rd Johnstown, PA.
    What is the asking price?
    The asking price for this property is $498,820.
    What are key features of this property?
    This property features: Located in a Keystone Opportunity Expansion Zone (KOEZ) with over 6 years remaining.; Public utilities (electric, water, sewage, gas) brought to lot lines.; Zoned light industrial.
    (814) 270-7315
    We can help!
    Listing Contact
    Michele Haschak
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!