Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Off Business Route 220 S Bedford, PA 15522

    View on Map
    Claim this Listing
    For Sale
    $110,000

    LAND - Bedford, PA

    Lot size:
    15.12 Acres
    Added:
    Sep 30, 2024
    Days on Market:
    577
    Last Refresh:
    Apr 29 at 8:06 pm

    Property Features for Off Business Route 220 S

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    E.10-0.00-192
    Lot size
    15.12 Acres

    Taxes and HOA fees

    Tax Description
    Deed Book Volume 1221 Page 929
    Tax Annual Amount
    118

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Henry Hillegass

    Listing agent Henry Hillegass License #RS344838

    Listing office Howard Hanna Bardell Realty 115 S Anderson Street, Bedford, PA

    Listing date Sep 30, 2024

    MLS# 75799 Listing URL

    Copyright © 2026 Allegheny Highland 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

    Land Near Bedford Springs Resort

    This vacant land, located minutes from historic downtown Bedford and the Omni Bedford Springs Resort, spans over 15 acres. The property features gentle rolling hills and mature trees. The location provides access to boutique shops, restaurants, and outdoor activities. This property offers possibilities for a retreat or getaway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Bedford
    County
    Bedford
    State
    Pennsylvania
    Longitude
    -78.5519
    Latitude
    39.9363

    Nearby Similar for Sale

    • $595,000
      2,576 SF

      Profitable Restaurant with Liquor License

      Turn-key restaurant with full liquor license in Bedford, PA.
      110 W Pitt St, Bedford, PA 15522
      View Details
    • $99,900

      Residential Land with Scenic Views

      Partially cleared 1.014-acre lot near Bedford with utilities access.
      36,37,46 Oakwood Drive, Bedford, PA 15522
      View Details
    • $40,000

      Bedford County Land For Sale

      3.13 acre lot in Bedford County, Pennsylvania.
      1228 IMLERTOWN RD, BEDFORD, PA 15522
      View Details
    • $259,000

      Bedford Land with Development Potential

      2.34 acres near downtown Bedford with utilities available.
      Off Sunnyside Road, Bedford, PA 15522
      View Details
    • $39,900

      Wooded Lot Near Bedford Borough

      0.885 acre wooded lot with stream access near amenities.
      Off Donahue Manor Road, Bedford, PA 15522
      View Details
    • $900

      Spacious Mixed-Use Property Available

      Mixed-use property with multiple rooms and private entrances for sale.
      9528 Lincoln Highway 6 Bedford, PA 15522
      View Details
    • $259,000
      7,202 SF

      Adaptable Commercial Space in Bedford

      Versatile 7,000+ sq ft commercial building in Bedford, PA.
      223 Railroad Street, Bedford, PA 15522
      View Details
    • $37,900

      Residential Lot in Bedford Borough

      Residential lot in Bedford, close to amenities and attractions.
      Green Lane lot: 4 Off, Bedford, PA 15522
      View Details
    • $37,900

      Residential Lot in Bedford Borough

      Residential lot in Bedford Borough close to downtown and amenities.
      Green Lane lot: 3 Off, Bedford, PA 15522
      View Details
    • $79,900

      Residential Land in Bedford Borough

      Residential land in Bedford Borough, close to downtown and amenities.
      S Thomas Street lot: 8 Off, Bedford, PA 15522
      View Details
    • $35,000

      Residential Lot in Bedford Borough

      Residential lot in Bedford Borough near shops and restaurants.
      Green Lane lot: 5 Off, Bedford, PA 15522
      View Details
    • $39,900

      Residential Lot in Bedford Borough

      Residential lot in Bedford Borough, close to amenities and attractions.
      Green Lane lot: 2 Off, Bedford, PA 15522
      View Details

    FAQs

    What type of property is this?
    Land - 15+ acres of vacant land near downtown Bedford.
    Where is this land located?
    The property is located at Off Business Route 220 S Bedford, PA.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: 15+ acres of land with gentle rolling hills and mature trees.; Prime location minutes from historic downtown Bedford.; Close proximity to the Omni Bedford Springs Resort.
    (814) 977-2298
    We can help!
    Listing Contact
    Henry Hillegass
    Real Estate License ID: RS344838
    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!