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

    RIDGE WAY DRIVE lot # 13 Everett, PA 15537

    View on Map
    Claim this Listing
    For Sale
    $49,900

    LAND - EVERETT, PA

    Lot size:
    1.72 Acres
    Added:
    Apr 19, 2024
    Days on Market:
    732
    Last Refresh:
    Apr 20 at 10:06 am

    Property Features for RIDGE WAY DRIVE lot # 13

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.72 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    We can help!

    Listing Contact
    Rochelle R Ott

    Listing agent Rochelle R Ott License #AB051842L

    Listing office RE/MAX 1st Advantage 6375 Mercury Drive unit: 101, Mechanicsburg, PA

    Listing date Apr 19, 2024

    MLS# PABD2001884 Listing URL

    Copyright © 2026 Bright 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

    Residential Land in Little Ridge Estates

    Located in Phase II of Little Ridge Estates, this residential land offers an opportunity for building. The available lots range in size from 1.15 to 2.07 acres and are partially wooded. The site is equipped with underground utilities. Water will be supplied by a personal well, and the property will utilize an on-site septic system. The property is 1.72 acres.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Everett
    County
    Bedford
    State
    Pennsylvania
    Longitude
    -78.3618
    Latitude
    40.0013

    Nearby Similar for Sale

    • $145,000

      Garage with Rented Mobile Home

      Garage with income-producing mobile home on 1 acre.
      632 RAYSTOWN ROAD, EVERETT, PA 15537
      View Details
    • $59,999

      Wooded Land in Hilltop Subdivision

      2.713 acre wooded parcel ready for new home construction.
      N River Lane, Everett, PA 15537
      View Details
    • $49,900

      5-Acre Vacant Land Parcel

      5-acre vacant land parcel in Breezewood, Pennsylvania.
      FRENCH CREEK ROAD, EVERETT, PA 15537
      View Details
    • $649,900

      103 Acres of Rolling Land

      103+ acres in Bedford County, PA with road frontage.
      Off Lincoln Highway, Everett, PA 15537
      View Details
    • $115,000

      Residential Land with Garage

      1.26-acre lot with garage near hospital and Route 30.
      129 Phares Lane, Everett, PA 15537
      View Details
    • $639,000

      150 Acres Wooded Land Everett

      150 acres of wooded land adjoining state game lands.
      BEEGLE Road, EVERETT, PA 15537
      View Details
    • $49,900

      Everett, PA Wooded Building Lot

      1.15 acre partially wooded building lot with mountain views.
      LOT # 15 RIDGE WAY DRIVE, EVERETT, PA 15537
      View Details
    • $70,000

      Residential Land with Garage, Everett

      1.42 acre residential land with garage near town.
      346 West Street, Everett, PA 15537
      View Details
    • $47,000

      Land Near Bedford UPMC Hospital

      Commercial land suitable for medical office near UPMC hospital.
      213 Memorial Dr, Everett, PA 15537
      View Details
    • $25,000

      Land in Riverview Estates

      Cleared land lot suitable for building a dream home.
      5010 Riverview Road, Everett, PA 15537
      View Details
    • $99,000

      Land Near UPMC Bedford

      Commercial land near UPMC Bedford Memorial Hospital in Everett, PA.
      Forest Rd, Everett, PA 15537
      View Details

    FAQs

    What type of property is this?
    Land - Partially wooded lots available in tranquil Everett location.
    Where is this land located?
    The property is located at RIDGE WAY DRIVE lot # 13 Everett, PA.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: Large partially wooded lots (1.15 to 2.07 acres); Tranquil location in Little Ridge Estates Phase II; Bring Your Own Builder to create your dream home
    (717) 261-7611
    We can help!
    Listing Contact
    Rochelle R Ott
    Real Estate License ID: AB051842L
    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!