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    Farmland Reserve With Fishing Lake Title is generated by Realmo AI

    1019 Creek Drive, Prompton, PA 18456

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    Claim this Listing
    For Sale
    $3,499,995

    LAND - Prompton, PA

    Lot size:
    115.72 Acres
    Added:
    Jun 16, 2021
    Days on Market:
    1817
    Last Refresh:
    Jun 6 at 4:06 pm

    Property Features for 1019 Creek Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    06-1-0222-0032
    Lot size
    115.72 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1568

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank
    Water source
    Well
    Water front
    1

    We can help!

    Listing Contact
    Peter C Byron

    Listing agent Peter C Byron License #RS339633

    Listing office ERA One Source Realty - Lake Ariel 1182 Hamlin Hwy, Clarks Summit, PA

    Listing date Jun 16, 2021

    MLS# 21-2204 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.

    HighLights

    • 115.72‑acre private land reserve with 30 acres overlooking a quiet fishing lake/White Oak Pond, with property line extending into White Oak Pond
    • Active nursery/tree farm with a 5‑acre landscaped nursery area and a lawnscape
    • Features an 1800s‑built two‑story reinforced barn and milk house
    • Includes 85 acres of terraced meadows plus evergreen and hardwood forest land
    • Utilities and services include electricity available; water from a well; septic tank
    • Includes all gas/oil/mineral rights; clean & green favorable tax designation; seller financing available to qualified buyers

    Overview

    This private land reserve spans 115.72 acres and includes 30 acres overlooking a quiet fishing lake on White Oak Pond. The property includes 85 acres of terraced meadows, evergreen and hardwood forest land. An on-site nursery and tree farm are active, with approximately 5 acres of lawnscape nursery area supported by a two-story reinforced barn and a milk house built in the 1800s.

    The seller indicates there is no zoning, and the property line goes into White Oak Pond. A network of roads winds through changing elevations across towering pine and spruce plantations, providing internal access over the varied terrain.

    The land is well suited for buyers seeking a working nursery or tree farm operation along with lakeside recreational appeal tied to White Oak Pond. It also includes all gas, oil, and mineral rights. The seller is willing to subdivide, and clean & green favorable tax designation is noted. Seller financing is available to qualified buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Prompton
    County
    Wayne
    State
    Pennsylvania
    Longitude
    -75.367513
    Latitude
    41.651604

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Large private land reserve with lakeside frontage and an active nursery and tree farm setup.
    Where is this agricultural land / farmland located?
    The property is located at 1019 Creek Drive Prompton, PA.
    What is the asking price?
    The asking price for this property is $3,499,995.
    What are key features of this property?
    This property features: 115.72‑acre private land reserve with 30 acres overlooking a quiet fishing lake/White Oak Pond, with property line extending into White Oak Pond; Active nursery/tree farm with a 5‑acre landscaped nursery area and a lawnscape; Features an 1800s‑built two‑story reinforced barn and milk house
    (570) 800-9827
    We can help!
    Listing Contact
    Peter C Byron
    Real Estate License ID: RS339633
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    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.

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