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    Restaurant and Land with Lake Title is generated by Realmo AI

    263 Como Rd, Lake Como, PA 18437

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    Claim this Listing
    For Sale
    $1,395,000

    Multi-Unit, Colonial - Lake Como, PA

    Lot size:
    96.20 Acres
    Added:
    Nov 15, 2024
    Days on Market:
    564
    Last Refresh:
    Jun 2 at 3:06 pm

    Property Features for 263 Como Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    20
    Bathrooms
    18
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen
    Parking features
    Garage, Garage - Detached
    Basement Y/N
    1
    Standard status
    Active
    APN
    20-0-0152-0009.-
    Lot size
    96.20 Acres

    Taxes and HOA fees

    Tax Annual Amount
    21742

    Utilities

    Heating system
    Oil, Propane (Heating)
    Water front features
    Wflake, Waterfront
    Water front
    1

    Building Details

    Year built
    1890
    Year renovated
    1890
    Floors in Building
    4
    Flooring type
    Carpet, Hardwood, Laminate
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Joseph Gross

    Listing agent Joseph Gross

    Listing office UPPER DELAWARE REAL ESTATE 538 W MAIN ST, HANCOCK, PA

    Listing date Nov 15, 2024

    MLS# 11364188 Listing URL

    Copyright © 2026 My State 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

    • Established Pizzeria/Restaurant: Benefit from a 50+ year reputation.
    • Extensive Land Ownership: Includes over 96 acres and ownership of the 13‑acre Upper Lake Como.
    • Lake Como Waterfrontage: Enjoy the views and frontage on Lake Como.
    • Multi‑Building Property: Features a four‑story building (restaurant/owner's quarters).
    • Development Potential: The 96+ acres of rolling fields and woods offer significant possibilities.
    • Additional Structures: Includes rental house, garage and storage building.

    Overview

    Located in Lake Como, Wayne County, Pennsylvania, this property features an operating pizzeria/restaurant with a long-standing reputation. The sale includes all fixtures, business furnishings, and over 96 acres of land, along with ownership of the 13-acre "Upper Lake Como." The Villa Como is a four-story former hotel/B&B that currently houses the owner's quarters and the restaurant. The property also includes an additional 2-unit rental house, a 4-car garage, and a separate storage building, all with views of and frontage on Lake Como. The 96+ acres consist of fields and woods with long-distance views, an ancient apple orchard, and a pine forest plantation. The property has development potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Villa Como Restaurant

    Suggested Use

    Restaurant Building Supply Grocery & Convenience Store (Bike/Boat/Book/etc) Store Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Como
    County
    Wayne
    State
    Pennsylvania
    Longitude
    -75.350501
    Latitude
    41.853479

    Nearby Similar for Sale

    • $750,000

      Villa Como Restaurant and Residence

      Operating restaurant, residence, rental house, garage, storage on 4.5 acres.
      259 Como Road, Lake Como, PA 18437
      View Details
    • $699,000

      91 Acres Vacant Land

      91 acres of land with lake and pond frontage.
      0 Como Road, Lake Como, PA 18439
      View Details
    • $249,999

      Wooded Land with Road Frontage

      57.85 acres of wooded land suitable for hunting/building.
      Rose Hill Road, Lake Como, PA 18437
      View Details
    • $110,000

      Lake Como 11-Acre Estate Site

      Private 11-acre parcel with lake access in desirable location.
      Stockport Turnpike, Lake Como, PA 18437
      View Details
    • $565,000

      Lake Como Wooded Acreage

      60+ acres with lake frontage in Lake Como, PA.
      Stockport Turnpike, Lake Como, PA 18437
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Operating restaurant with 96+ acres and lake ownership.
    Where is this conventional restaurant located?
    The property is located at 263 Como Rd Lake Como, PA.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: Established Pizzeria/Restaurant: Benefit from a 50+ year reputation.; Extensive Land Ownership: Includes over 96 acres and ownership of the 13‑acre Upper Lake Como.; Lake Como Waterfrontage: Enjoy the views and frontage on Lake Como.
    (607) 637-5588
    We can help!
    Listing Contact
    Joseph Gross
    Request Owner's contact information
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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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