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

    DARROW Road Edinboro, PA 16412

    View on Map
    Claim this Listing
    For Sale
    $514,500

    LAND - Edinboro, PA

    Property size:
    589,802 SF
    Lot size:
    13.50 Acres
    Added:
    Aug 9, 2024
    Days on Market:
    615
    Last Refresh:
    Apr 15 at 10:06 pm

    Property Features for DARROW Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    11-017-050.0-018.04
    Size
    589,802 SF
    Lot size
    13.50 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    10629
    Expense value
    51450
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    We can help!

    Listing Contact
    Alexandra Redlawsk

    Listing agent Alexandra Redlawsk License #RS371955

    Listing office Coldwell Banker Select - Airport 4664 W 12th St, Erie, PA

    Listing date Aug 9, 2024

    MLS# 178382 Listing URL

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

    Overview

    Edinboro Land for Residential Development

    Available for sale are 13.5 acres of land zoned R-4 in Edinboro, Pennsylvania. The offering comprises four parcels: 109 Banff Drive, 110 Banff Drive, 204 Darrow Road, and 402 Darrow Road. These parcels, totaling 589802 square feet, are located south of PennWest University. The zoning and location make this multi-parcel offering ideally suited for an apartment complex, townhome community, or other high-density residential development permitted under R-4 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Edinboro
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.121551
    Latitude
    41.86751

    Nearby Similar for Sale

    • $449,900
      2,160 SF

      Edinboro Townhouse-Style Duplex For Sale

      Well-maintained duplex near PennWest Edinboro, ideal for investors or owner-occupants.
      416-418 HILLCREST Drive, Edinboro, PA 16412
      View Details
    • $867,000
      2,154,042 SF

      49-Acre Development Opportunity in Edinboro

      49-acre parcel with development potential in Edinboro, Pennsylvania.
      ROUTE 6N AND FRY Road, Edinboro, PA 16412
      View Details
    • $399,900

      Edinboro Commercial Land For Sale

      4.6-acre commercial property with high visibility and development potential.
      0 W Plum St, Edinboro, PA, 16412
      View Details
    • $399,900

      Wooded Acres Ready for Home

      38 acres ready for building with septic permit included.
      11897 SILVERTHORN (TR 86 RT T438) Road, Edinboro, PA 16412
      View Details
    • $52,000
      26,316 SF

      Residential Land in Shenango Heights

      Residential land for sale in established Edinboro subdivision.
      SHENANGO Drive, Edinboro, PA 16412
      View Details
    • $359,000
      1 SF

      Industrial Building Near I-79

      Versatile industrial building suitable for various business applications.
      5719 Route 6N Edinboro, PA 16412, PA 16412
      View Details
    • $700,000
      16,730 SF

      Flexible Use Commercial Property

      B-1 Zoned 16,730 SqFt flexible use commercial property.
      13080 Cambridge Springs Rd, Edinboro, PA 16412
      View Details
    • $40,000
      10,450 SF

      Edinboro Land Near University

      0.24 acre commercial land near Penn West University.
      204 DARROW Road, Edinboro, PA 16412
      View Details
    • $40,000
      10,450 SF

      Edinboro Land Near University

      0.24 acre lot near Penn West University, Edinboro, PA
      204 DARROW Road, Edinboro, PA 16412
      View Details
    • $40,000
      10,450 SF

      Land Near Penn West University

      0.24 acres of land for sale near university.
      204 DARROW Road, Edinboro, PA 16412
      View Details
    • $349,000

      Edinboro Land Parcel For Sale

      10.7 acre land parcel in Edinboro, Pennsylvania.
      401 Plum St, Edinboro, PA 16412
      View Details
    • $449,000

      Edinboro Land Near Golf Course

      22.54 acres of land along Route 6N in Edinboro.
      411 W Plum St, Edinboro, PA 16412
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 13.5 acres of R-4 zoned land near PennWest University.
    Where is this residential land & home lot located?
    The property is located at DARROW Road Edinboro, PA.
    What is the asking price?
    The asking price for this property is $514,500.
    What are key features of this property?
    This property features: 13.5 acres of land zoned R‑4, suitable for high‑density residential development.; Multi‑parcel offering ideal for apartment complex or townhome community.; Located in Edinboro, Pennsylvania.
    (814) 823-7955
    We can help!
    Listing Contact
    Alexandra Redlawsk
    Real Estate License ID: RS371955
    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!