Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    68-Acre Wayne County Rural Land Title is generated by Realmo AI

    1673 Owego Turnpike, Honesdale, PA 18431

    View on Map
    Claim this Listing
    New
    For Sale
    $449,000

    LAND - Honesdale, PA

    Lot size:
    68.65 Acres
    Added:
    May 11, 2026
    Days on Market:
    1
    Last Refresh:
    May 11 at 5:06 pm

    Property Features for 1673 Owego Turnpike

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Rur. Dev & Resi
    Vegetation
    Heavily Wooded
    Standard status
    Active
    APN
    05-0-0263-0073
    Lot size
    68.65 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    565

    Utilities

    Utilities
    Cable Available
    Sewer type
    Perc Test On File
    Water source
    Well Needed

    We can help!

    Listing Contact
    Bill O'Neill

    Listing agent Bill O'Neill License #RS191762L

    Listing office RE/MAX WAYNE 416 Main Street Suite A, HONESDALE, PA

    Listing date May 11, 2026

    MLS# PW-261350 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

    • 68‑acre rural property offering wide‑open space and country living.
    • Mix of heavy woods and open field provides diverse natural environments.
    • Adjoining building lot allows for immediate construction of a dream home.
    • Sportsman's paradise ideal for hunting and recreation with cleared trails.
    • Quiet stream enhances the natural beauty and peaceful character.
    • Perc Test On File indicating suitability for septic system installation.

    Overview

    This 68-acre rural property in Wayne County offers a blend of wooded areas, an open field, and an adjoining building lot. The property is suitable for building a home and offers opportunities for recreation and hunting. Mature woodlands are present throughout the property, with a cleared trail leading into the area, providing access for exploration, walks, and hunting. A stream meanders through the trees, enhancing the natural beauty of the setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Department Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Honesdale
    County
    Wayne
    State
    Pennsylvania
    Longitude
    -75.2801037
    Latitude
    41.5317931

    Nearby Similar for Sale

    • $225,000
      2,700 SF

      Honesdale Duplex with Creek View

      Charming duplex near historic Honesdale with income potential.
      1797-1799 N Main Street, Honesdale, PA 18431
      View Details
    • $1,100,000
      7,500 SF

      Honesdale Retail Building on Route 6

      7,500 SF retail building on 1.16-acre corner lot.
      100 Tryon Street, Honesdale, PA 18431
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Anchored Center

      Retail space for sale in a dominant, anchored shopping center.
      1199 Texas Palmyra Highway, Honesdale, PA 18431
      View Details
    • $4,403,000
      13,262 SF

      CVS Pharmacy Investment Opportunity

      NNN leased CVS Pharmacy with long-term secure cash flow.
      202 4th St, Honesdale, PA 18431
      View Details
    • $40,000

      Wooded Land in Honesdale, PA

      Two-acre wooded residential land in Honesdale, Pennsylvania.
      Racht Road, Honesdale, PA 18431
      View Details

    FAQs

    What type of property is this?
    Recreation land - 68-acre rural property with woods, field, and building lot.
    Where is this recreation land located?
    The property is located at 1673 Owego Turnpike Honesdale, PA.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: 68‑acre rural property offering wide‑open space and country living.; Mix of heavy woods and open field provides diverse natural environments.; Adjoining building lot allows for immediate construction of a dream home.
    (570) 575-8897
    We can help!
    Listing Contact
    Bill O'Neill
    Real Estate License ID: RS191762L
    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
    1673 Owego Turnpike, Honesdale, PA 18431
    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!