Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in Bellefonte Area School Title is generated by Realmo AI

    JOSIE Drive lot 155, Bellefonte, PA 16823

    View on Map
    Claim this Listing
    Picture of Land at JOSIE Drive lot 155, Bellefonte, PA
    For Sale
    $83,000

    LAND - BELLEFONTE, PA

    Added:
    Sep 16, 2024
    Days on Market:
    621
    Last Refresh:
    May 29 at 5:06 pm

    Property Features for JOSIE Drive lot 155

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active

    Taxes and HOA fees

    Tax Annual Amount
    0

    We can help!

    Listing Contact
    Lisa Rittenhouse

    Listing agent Lisa Rittenhouse License #RS310785

    Listing office Vylla Home 921 Pleasant Valley Avenue unit: 200, Mt Laurel, PA

    Listing date Sep 16, 2024

    MLS# PACE2511760 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.

    HighLights

    • Convenient location: Just 5 minutes from Bellefonte and 15 minutes from State College.
    • Quick access to I‑99 and I‑80.
    • Generously sized lots with public water and sewer.
    • Located in the desirable Bellefonte Area School District.
    • Charming neighborhood with varied home designs.
    • Enjoy the large common area for picnics and recreation.

    Overview

    Located in the Bellefonte Area School District, this land is situated in Springfield, a community 5 minutes from Bellefonte and 15 minutes from State College. The location provides quick access to I-99 and I-80. The neighborhood is characterized by its charm and varied home designs. Fine Line Homes is the exclusive builder for the community, offering various home plans. The lots are generously sized and equipped with public water and sewer. Residents have access to a large common area suitable for picnics and recreation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Bellefonte
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.70342
    Latitude
    40.92058

    Nearby Similar for Sale

    • $784,000
      2,472 SF

      Bellefonte Investment Property: Three Duplexes

      Three fully rented duplexes in Bellefonte, PA, generating steady income.
      424 BLANCHARD Street, BELLEFONTE, PA 16823
      View Details
    • $229,000
      1,232 SF

      Bellefonte Duplex: Investment Opportunity

      Fully rented duplex in downtown Bellefonte with established rental history.
      131 N THOMAS Street, BELLEFONTE, PA 16823
      View Details
    • $549,000

      116 Acres in Bald Eagle

      Sprawling, mostly wooded land with stream in Bald Eagle.
      CIRCLE Road lot: On, BELLEFONTE, PA 16823
      View Details
    • $229,500

      Benner Township Church Opportunity

      Well-maintained church in Benner Township with farmland views.
      1667 BUFFALO RUN ROAD, BELLEFONTE, PA 16823
      View Details
    • $524,900
      5,051 SF

      Downtown Bellefonte Corner Retail Space

      Corner retail space in downtown Bellefonte.
      101 N Allegheny St, Bellefonte, PA 16823
      View Details
    • $379,900

      Commercially Zoned Land For Sale

      1.9 acre commercially zoned lot perfect for business or development.
      COMMERCE Street lot: 2, BELLEFONTE, PA 16823
      View Details
    • $215,000
      1,680 SF

      Bellefonte Duplex: Investment Opportunity

      Well-maintained duplex with one leased unit and one move-in ready unit.
      925 West Water Street, Bellefonte, PA 16823
      View Details
    • $325,000
      2,598 SF

      Bellefonte Commercial Property for Sale

      Commercial property available in Bellefonte, Pennsylvania.
      116 S Penn St, Bellefonte, PA 16823
      View Details
    • $85,500

      Land For Sale

      Land available for sale.
      Lot 160 W Springfield Dr, Bellefonte, PA 16823
      View Details
    • $81,500

      Residential Land in Bellefonte, PA

      Land in Bellefonte, PA, with public water and sewer.
      JOSIE Drive lot: 181, BELLEFONTE, PA 16823
      View Details
    • $79,900

      Residential Land in Bellefonte, PA

      Land in Bellefonte Area School District with public utilities.
      JOSIE lot: 165, BELLEFONTE, PA 16823
      View Details
    • $85,500

      Residential Land in Bellefonte, PA

      Land in Springfield community, close to Bellefonte and State College.
      W SPRINGFIELD Drive lot: 160, BELLEFONTE, PA 16823
      View Details

    FAQs

    What type of property is this?
    Land - Land with public water and sewer in Bellefonte, PA.
    Where is this land located?
    The property is located at JOSIE Drive lot 155 Bellefonte, PA.
    What is the asking price?
    The asking price for this property is $83,000.
    What are key features of this property?
    This property features: Convenient location: Just 5 minutes from Bellefonte and 15 minutes from State College.; Quick access to I‑99 and I‑80.; Generously sized lots with public water and sewer.
    (814) 933-7106
    We can help!
    Listing Contact
    Lisa Rittenhouse
    Real Estate License ID: RS310785
    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

    Thank You for Inquiry
    JOSIE Drive lot: 155, BELLEFONTE, PA 16823
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!