Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in Johnstown, PA Title is generated by Realmo AI

    159 R Derby Street - Lot, Johnstown, PA 15905

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Johnstown, PA

    Lot size:
    0.09 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    61
    Last Refresh:
    May 31 at 5:06 pm

    Property Features for 159 R Derby Street - Lot

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    78-035-208.001
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    2021-15896
    Tax Annual Amount
    127

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Bob & Bobby Colvin

    Listing agent Bob & Bobby Colvin

    Listing office RE/MAX TEAM, REALTORS 2225 Ruth Way @ The Roundabout in the Young American Building, Johnstown, PA

    Listing date Apr 1, 2026

    MLS# 96041304 Listing URL

    Copyright © 2026 Cambria Somerset Association of Realtors. 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 in Johnstown's 8th Ward
    • Close proximity to recreational/entertainment venues
    • Near restaurants and shopping for your convenience
    • Located near hospital/medical facilities
    • Access to public transportation
    • Public water and sewer available

    Overview

    Located in the 8th Ward of Johnstown, PA, this vacant residential lot is conveniently situated near recreational and entertainment venues, restaurants, shopping options, hospital and medical facilities, and transportation. The lot size is approximately 0.09 acres. This property is zoned for residential use and presents an opportunity for potential development.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Johnstown
    County
    Cambria
    State
    Pennsylvania
    Longitude
    -78.9274998
    Latitude
    40.2978187

    Nearby Similar for Sale

    • $1,600,000
      42,220 SF

      Functional Industrial Space on Eisenhower Boulevard

      42,220 SF industrial space on 4.3 acres in Johnstown.
      850 Eisenhower Boulevard, Johnstown, PA 15904
      View Details
    • $315,000
      6,200 SF

      Modern Office Space in Johnstown

      6,200+ sq ft office space on 1.5 acres.
      941 Pinegrove Lane, Johnstown, PA 15905
      View Details
    • $348,000
      5,700 SF

      Turn-Key Johnstown Beer Distributor

      Profitable business opportunity with real estate and liquor license.
      314 3rd Avenue, Johnstown, PA 15906
      View Details
    • $250,000
      2,800 SF

      Turnkey Tavern and Restaurant Opportunity

      Well-maintained tavern and restaurant with potential for owner-operator.
      256 Strayer Street, Johnstown, PA 15906
      View Details
    • $1,600,000
      42,220 SF

      Johnstown Industrial Property on Eisenhower

      42,220 SF industrial space on 4.3 acres.
      850 Eisenhower Boulevard, Johnstown, PA 15904
      View Details
    • $345,000

      Established Bar/Restaurant in Johnstown, PA

      Successful bar/restaurant with liquor license, furniture, and equipment included.
      640 Bedford Street, Johnstown, PA 15902
      View Details
    • $250,000

      Turnkey Tavern and Restaurant Opportunity

      Well-maintained tavern and restaurant with potential for owner-operator.
      256 Strayer Street, Johnstown, PA 15906
      View Details
    • $439,900

      Remodeled Office Building in Johnstown

      Updated office building with ADA access and ample parking.
      328 Budfield Street, Johnstown, PA 15904
      View Details
    • $129,900
      3,200 SF

      Johnstown Commercial Property For Sale

      Commercial property in high traffic area with office and warehouse.
      225 Southmont Boulevard, Johnstown, PA 15905
      View Details
    • $675,000
      6,300 SF

      Turnkey Car Wash Business Opportunity

      Established car wash, detailing, and gift store on 0.60 acres.
      925 Menoher Boulevard, Johnstown, PA 15905
      View Details
    • $99,000

      Versatile Commercial Space in Conemaugh

      Former bank branch with high visibility and ample parking.
      50 Main, Conemaugh Twp, PA 15909
      View Details
    • $39,900

      Secluded 3.5-Acre Residential Land Parcel

      Private, wooded 3.5-acre parcel near Ebensburg and Route 22.
      . Bracken Street, Johnstown, PA 15909
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant lot near amenities in Johnstown's 8th Ward.
    Where is this residential land & home lot located?
    The property is located at 159 R Derby Street - Lot Johnstown, PA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Convenient location in Johnstown's 8th Ward; Close proximity to recreational/entertainment venues; Near restaurants and shopping for your convenience
    (814) 262-7653
    We can help!
    Listing Contact
    Bob & Bobby Colvin
    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

    Thank You for Inquiry
    159 R Derby Street - Lot, Johnstown, PA 15905
    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!