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

    N Forrest Dr, Unit 28 Milford, PA 18337

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    LAND - Milford, PA

    Lot size:
    0.36 Acres
    Days on Market:
    261
    Last Refresh:
    Mar 14 at 2:06 am

    Property Features for N Forrest Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Partially Wooded
    Zoning
    Residential
    APN
    122.04-03-48 019051
    Lot size
    0.36 Acres

    Utilities

    Sewer type
    Septic Needed, Perc Test Required
    Water source
    Well Needed

    We can help!

    Listing Contact
    Debra K. Gunnip

    Davis R. Chant Real Estate, Inc. (570) 296-7717

    Listing agent Debra K. Gunnip (570) 470-5365

    Listing date Jun 27, 2025

    MLS# PW-251944 Listing URL

    Copyright © 2026 Pike/Wayne Association 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.

    Learn more

    Overview

    Residential Lot in Amenity-Rich Community

    This 0.36-acre residential lot is located in the Gold Key Lake Estates community in Milford, PA. The community provides access to three non-motorboating lakes: Gold Key, Autumn, and Fawn Lakes. Community amenities include a beach clubhouse, playground, tennis courts, basketball courts, and athletic fields. Dining options are available at the on-site restaurant, which features outdoor decking. The Lodge offers ten rooms available for rent. The property's location near the town of Milford provides convenient access to Interstate 84, facilitating travel to New York and New Jersey.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Milford
    County
    Pike
    State
    Pennsylvania
    Longitude
    -74.943274
    Latitude
    41.304484

    Nearby Similar for Sale

    • $740,000
      1.67 Acres

      Mixed-Use Property Near Milford Exit

      Mixed-use property with commercial space and residential charm.
      111 Mountain Springs Rd, Milford, PA 18337
      View Details
    • Contact for pricing
      0.02 Acres

      Land in Lake Adventure Community

      Land for sale in Lake Adventure community, Milford, PA.
      169 Locust Lake Dr, Milford, PA 18337
      View Details
    • $740,000
      1,850 SF

      Milford Mixed-Use Investment Opportunity

      Mixed-use property with commercial space and residential charm in Milford.
      111 Mountain Springs Rd, Milford, PA 18337
      View Details
    • Contact for pricing
      0.11 Acres

      Milford, PA Campsite Ready

      Level 50 amp campsite in the woods, Milford, PA.
      130 Stag Run, Milford, PA 18337
      View Details
    • $649,000
      3,400 SF

      Renovated Commercial Property in Milford

      Versatile investment opportunity with three income-producing units in Milford, PA.
      578 Us-6, Milford, PA 18337
      View Details
    • $2,250,000
      9,285 SF

      Iconic Restaurant and Pub Opportunity

      Turn-key restaurant and pub with liquor license near New York City.
      Confidential, Milford, PA 18337
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.36 acre lot in Gold Key Lake Estates.
    Where is this residential land & home lot located?
    The property is located at N Forrest Dr, Unit 28 Milford, PA.
    What is the asking price?
    The asking price for this property is $19,900.
    What are key features of this property?
    This property features: - Access to Gold Key Lake Estates amenities: 3 lakes, beach clubhouse, playground, tennis & basketball courts, athletic fields, and restaurant.; - Large .36 acre lot provides ample space.; - Located in Gold Key Lake Estates, an amenity-filled community.
    (570) 226-4518
    Request Owner's contact information
    N Forrest Dr, Unit 28 Milford, PA 18337
    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.
    N Forrest Dr, Unit 28
    Milford, PA 18337
    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
    N Forrest Dr, Unit 28 Milford, PA 18337
    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
    Debra K. Gunnip
    Real Estate License ID: RS317003
    (570) 226-4518 (570) 470-5365 (800) 754-5860
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!