Office Building with Three
For Sale
$2,100,000
1685 Four Mile Dr, Williamsport, PA 17701
Fully occupied office property with off-street parking and convenient highway access.
Property Size11,538 SF
Price / SF$182.01
Days on Market54
Property Features for 1685 Four Mile Dr
General Information
Standard status
Active
Size
11,538 SF
Total Parking Spaces
65
Property subtype
Commercial
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
3
Building Details
Year Built
1960
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
Fish Real Estate, Inc.
(570) 326-1561
Listed By:
Brent Fish · License #RM420632
Source:
Viewmarylandhomesforsale
Added: Jul 7
Changed: Aug 28
Last Checked: Aug 25 at 8:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fish Real Estate, Inc.
Investment Insights
Based on property information with market context.
This office building at 1685 Four Mile Dr in Williamsport, Pennsylvania, was built in 1960 and is configured as three separate suites. The property is fully occupied, with an established local radio station leasing 6,750 square feet as its anchor occupancy. Off-street parking accommodates up to 65 vehicles.
The property sits along a busy commercial corridor in Loyalsock Township with approximately 7,500 vehicles per day and access to nearby highways. The current owner is willing to remain as a tenant under a long-term lease or vacate with adequate notice, providing flexibility for an owner-user or continued leased occupancy.
The property sits along a busy commercial corridor in Loyalsock Township with approximately 7,500 vehicles per day and access to nearby highways. The current owner is willing to remain as a tenant under a long-term lease or vacate with adequate notice, providing flexibility for an owner-user or continued leased occupancy.
Key Highlights
- Three separate office suites within a fully occupied building
- Anchor radio station occupies 6,750 square feet
- Off‑street parking for up to 65 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$133,177
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,663,540
$2.7M
Cap Rate 7%
$1,902,529
$1.9M
Cap Rate 9%
$1,479,744
$1.5M
Market Conditions
NOI Build-Up for 11,538 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$207.7K $18.00/SF
− Vacancy
−$30.1K −$2.61/SF
EGI
$177.6K $15.39/SF
− OpEx
−$44.4K −$3.85/SF
NOI
$133.2K $11.54/SF
Area
Lycoming County, PA
Vacancy
14.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,663,540
Cap Rate 7%
$1,902,529
Cap Rate 9%
$1,479,744
Alternative Uses
Best Use
Office B
$1.90M
$1.66M – $2.22M
NOI $133,177 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,056 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Explore this area
Business Placement
Demographics for 17701, PA
43,197
Population
20,891
Households
2.1
Avg Household Size
38
Median Age
28%
College-Educated
91%
High-School Grad
98.0 sq mi
ZIP Area
441
Density / Sq Mi
$52,770
Median Household Income
$33,643
Median Earnings
$869
Median Rent
$176,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Fully occupied office property with off-street parking and convenient highway access.
Where is this office building located?
The property is located at 1685 Four Mile Dr Williamsport, PA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Three separate office suites within a fully occupied building; Anchor radio station occupies 6,750 square feet; Off‑street parking for up to 65 vehicles
