Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    42.6 Acres on Munster Road Title is generated by Realmo AI

    1803 Munster Road, Portage, PA 15946

    View on Map
    Claim this Listing
    For Sale
    $615,000

    LAND - Portage, PA

    Lot size:
    42.67 Acres
    Added:
    Jul 28, 2023
    Days on Market:
    1031
    Last Refresh:
    May 23 at 6:06 pm

    Property Features for 1803 Munster Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Perimeter, Barbed Wire
    Standard status
    Active
    APN
    41-003.-106.000
    Lot size
    42.67 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    1694

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Natural Gas, Forced Air
    Water source
    Well

    We can help!

    Listing Contact
    Roger Peacock

    Listing agent Roger Peacock License #RS293223

    Listing office Colony Realty Group, Ltd 1207 Allegheny Street, PA

    Listing date Jul 28, 2023

    MLS# 72667 Listing URL

    Copyright © 2026 Allegheny Highland 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

    • Large 42.6‑acre property suitable for investment.
    • Includes a 3‑bedroom, 1.5‑bath doublewide on a full foundation (title retired).
    • Gas and oil rights are owned by the seller.
    • Features fields in hay, wooded areas, a stream, and a small apple orchard.
    • Includes a detached 2‑car metal garage.
    • Located on Munster Road (PA 164), approximately 1.5 miles from US 22.

    Overview

    This property features 42.6 acres of land fronting on Munster Road, approximately 1.5 miles from the intersection with US 22. The topography ranges from flat to sloping, with mostly fields in hay, some wooded areas, and a stream running across the back lower portion. A small apple orchard is located near the residence. Five natural gas transmission lines run across the property. Included in the sale is a three-bedroom, 1.5-bath doublewide on a full foundation, a detached metal two-car garage, and an old two-story house used for storage, which is non-habitable with no utilities or sewage connections. Deer and other wildlife are frequently seen on the property. The gas and oil rights are owned by the seller. There was a previous Marcellus Shale lease, now expired, and no wells were drilled. The land has been in the seller's family for 103 years.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural properties

    Suggested Use

    Food Market Florist Farmer's Market Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Cambria
    State
    Pennsylvania
    Longitude
    -78.665512
    Latitude
    40.448068

    Nearby Similar for Sale

    • $157,900

      Turnkey Restaurant & Entertainment Venue

      Fully equipped restaurant and entertainment venue in Portage, Pennsylvania.
      601 Bedford Street, Portage, PA 15946
      View Details
    • $264,900
      6,800 SF

      Commercial Building in Portage, PA

      Well-maintained commercial property with versatile layout and income potential.
      605 Main Street, Portage, PA 15946
      View Details
    • $264,900
      6,800 SF

      Portage Mixed-Use Commercial Building

      Well-maintained commercial property with income potential in a prime location.
      605 Main Street, Portage, PA 15946
      View Details
    • $219,900
      15,500 SF

      Versatile Commercial Building in Portage

      Expansive commercial building with ballroom, apartments, and business potential.
      701 Main Street, Portage, PA 15946
      View Details
    • $69,900

      Residential Land in Portage, PA

      1.21-acre residential land offering privacy and development potential.
      . W Wesley Avenue, Portage, PA 15946
      View Details
    • $219,900
      15,500 SF

      Versatile Commercial Building in Portage

      15,500 sq ft commercial building with ballroom and apartment potential.
      701 Main Street, Portage, PA 15946
      View Details
    • $219,900
      5,500 SF

      Versatile Commercial Building in Portage

      Expansive commercial building with ballroom, kitchen, and apartment potential.
      701 Main Street, Portage, PA 15946
      View Details
    • $264,900
      6,800 SF

      Portage Commercial Property For Sale

      Well-maintained commercial property in Portage with high visibility.
      605 Main Street, Portage, PA 15946
      View Details
    • $27,900

      Land in High-Traffic Portage Location

      Level lot with high visibility and traffic flow.
      Main Street, Portage, PA 15946
      View Details
    • $160,000

      13 Acres in Portage, PA

      13 acres for recreation or residential development in Portage, PA.
      Zimmermans Lane, Portage, PA 15946
      View Details
    • $54,900

      Corner Lot on Main Street

      0.24-acre corner lot on Main Street in Portage Borough.
      1017 Main Street, Portage, PA 15946
      View Details
    • $115,500
      2,420 SF

      Well-Maintained Portage Investment Property

      Two-unit property with long-term tenant and owner-occupied unit.
      725 Farren Street, Portage, PA 15946
      View Details

    FAQs

    What type of property is this?
    Agricultural property - Investment property featuring fields, wooded areas, and a stream.
    Where is this agricultural property located?
    The property is located at 1803 Munster Road Portage, PA.
    What is the asking price?
    The asking price for this property is $615,000.
    What are key features of this property?
    This property features: Large 42.6‑acre property suitable for investment.; Includes a 3‑bedroom, 1.5‑bath doublewide on a full foundation (title retired).; Gas and oil rights are owned by the seller.
    (814) 330-1259
    We can help!
    Listing Contact
    Roger Peacock
    Real Estate License ID: RS293223
    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
    1803 Munster Road, Portage, PA 15946
    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!