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    Timberland Tract with Hunting Potential Title is generated by Realmo AI

    4981 New Lancaster Valley Rd, Milroy, PA 17063

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    Claim this Listing
    For Sale
    $430,000

    Vacant Land - Milroy, PA

    Lot size:
    104.00 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    49
    Last Refresh:
    Jun 4 at 9:06 pm

    Property Features for 4981 New Lancaster Valley Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    104.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    222

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Levi Rentzel

    Listing agent Levi Rentzel

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

    Listing date Apr 17, 2026

    MLS# 11693770 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

    • Year‑round Honey Creek frontage (over half a mile on both sides) enhances wildlife habitat and recreational value
    • Electric service is available on the property
    • Proven hunting property with consistent wildlife activity
    • Extensive internal road and trail system provides easy navigation and access
    • Recently logged, creating ideal conditions for new growth
    • Flat to gently sloping topography makes the property highly usable

    Overview

    Located in Mifflin & Snyder Counties, Pennsylvania, this 104-acre timberland tract at 4981 New Lancaster Valley Rd in Milroy offers recreational use, hunting opportunity and future build potential. The property features flat to gently sloping topography, making it usable for outdoor activities including hunting, hiking, ATV riding and camping. With direct access off New Lancaster Valley Road, the property is easy to reach while still offering privacy. The property is wooded and was recently logged, creating conditions for new growth and early successional habitat. This regeneration provides bedding, browse, and cover for wildlife, creating an environment for whitetail deer, wild turkey and black bear. Trail camera photos and harvest history demonstrate wildlife activity, making this a hunting property in central Pennsylvania. Honey Creek runs through the tract with over half a mile of frontage on both sides. This year-round water source enhances wildlife habitat and adds a recreational component. The creek is stocked with trout downstream, offering fishing opportunities nearby. The logging operation also created an internal road and trail system, allowing navigation throughout the property. These trails are ideal for ATV riding, accessing hunting locations, or land management efforts. Electric service is available on the property, which is an advantage for buyers considering building a cabin, home, or upgrading the existing setup. A camper on site has been used as a hunting camp and will convey with the property if desired, providing an option for recreational use. The property is subject to previously reserved hunting and fishing rights benefiting local rod and gun clubs. Ownership includes full use of the land; however, these rights allow additional parties access for recreational purposes. This Mifflin County property presents an opportunity to own a wooded tract with water, access, utilities and wildlife presence. This tract offers a foundation with usability and long-term potential as a hunting property, a recreational getaway, or a future homesite.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Kitchen & Bath Showroom Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Milroy
    County
    Mifflin
    State
    Pennsylvania
    Longitude
    -77.3593098
    Latitude
    40.7708929

    FAQs

    What type of property is this?
    Hunting land - 104-acre timberland tract in Milroy, PA with recreational and hunting potential.
    Where is this hunting land located?
    The property is located at 4981 New Lancaster Valley Rd Milroy, PA.
    What is the asking price?
    The asking price for this property is $430,000.
    What are key features of this property?
    This property features: Year‑round Honey Creek frontage (over half a mile on both sides) enhances wildlife habitat and recreational value; Electric service is available on the property; Proven hunting property with consistent wildlife activity
    (717) 668-4806
    We can help!
    Listing Contact
    Levi Rentzel
    Request Owner's contact information
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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.

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    4981 New Lancaster Valley Rd, Milroy, PA 17063
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