Sign Up Successful!
You now have access to more from Realmo!
    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

    Jacobs Way Port Matilda, PA 16870

    Sponsored
    For Sale
    $69,900

    Vacant Land - Port Matilda, PA

    Lot size:
    8.60 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 23 at 11:06 pm

    Property Features for Jacobs Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    16-004-030C-0000, 16-004-030B-0000
    Parking features
    Garage
    Lot size
    8.60 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Craig Baronio

    WHITETAIL PROPERTIES REAL ESTATE LLC (217) 285-9000

    Listing agent Craig Baronio (217) 285-9000

    Listing date Jan 22, 2026

    MLS# 11547362 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.

    Learn more

    Property Insight Report

    Overview

    8.6 Acres Recreational Land Available

    This 8.6-acre recreational property is located in Centre County, Pennsylvania, south of Pennsylvania State Game Lands 33, and within driving distance of both State College and Altoona. Situated on Jacobs Way, a privately maintained gravel road, the property provides year-round access in a secluded setting with no zoning and no deed restrictions, allowing for recreational or residential uses. The land is mostly wooded with a gentle topography, suitable for wildlife, hiking, or development. It features a recorded and approved septic test location, allowing for on-site sewage system installation. The lack of zoning in this part of Taylor Township offers flexibility for cabins, RVs, tiny homes, or full-time residences, subject to state septic permitting. The property is surrounded by rural forested tracts and lies minutes from the expansive State Game Lands 33, offering public hunting access for deer, bear, turkey, and small game. Electric service is available nearby, and there are no wetlands or floodplain encumbrances noted on the parcel. The soils are well-drained, and the approved septic location is positioned with access to potential future building areas. Jacobs Way provides frontage along the parcel's northern edge and is used only by landowners in the immediate area. Located 30 miles east of Altoona and approximately 28 miles west of State College, this property combines rural seclusion with access to regional hubs. State College, home to Penn State University, offers healthcare, dining, supplies, and cultural events. Altoona serves as a commercial and transit center for western Pennsylvania.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Port Matilda
    County
    Centre
    State
    Pennsylvania
    Longitude
    -78.178008
    Latitude
    40.778025

    FAQs

    What type of property is this?
    Recreation land - Recreational land with easy access to State College and Altoona.
    Where is this recreation land located?
    The property is located at Jacobs Way Port Matilda, PA.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: - 8.6 acres with no zoning and no deed restrictions, offering flexible recreational or residential use.; - Approved septic test location simplifies future building plans.; - Adjacent to State Game Lands 33, providing access to thousands of acres for hunting and recreation.
    (217) 285-9000
    Request Owner's contact information
    Jacobs Way Port Matilda, PA 16870
    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.
    Jacobs Way
    Port Matilda, PA 16870
    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
    Jacobs Way Port Matilda, PA 16870
    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

    We can help!
    Listing Contact
    Craig Baronio
    (217) 285-9000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.