Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Lot in Bedford Borough Title is generated by Realmo AI

    Green Lane lot 4 Off, Bedford, PA 15522

    View on Map
    Claim this Listing
    For Sale
    $37,900

    LAND - Bedford, PA

    Lot size:
    0.37 Acres
    Added:
    Dec 18, 2024
    Days on Market:
    513
    Last Refresh:
    May 15 at 8:06 am

    Property Features for Green Lane lot 4 Off

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    Part of E9-D.06-304
    Lot size
    0.37 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Part of Deed Book 2021 Page 3345
    Tax Annual Amount
    738

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Sean Bardell
    Sean Bardell

    Listing agent Sean Bardell License #RM423081

    Listing office Howard Hanna Bardell Realty 115 S Anderson Street, Bedford, PA

    Listing date Dec 18, 2024

    MLS# 76385 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

    • Located in Bedford Borough, offering convenient access to downtown shops and restaurants.
    • Close proximity to Omni Bedford Springs Resort, Golf Course & Hiking Trails.
    • Public water, sewer, and electricity are all available on site.
    • Part of the Springs Ridge subdivision, Bedford's newest.
    • Covenants and restrictions in place to protect property values.
    • Lot 4 offers .368 acre of land with access along Green Lane.

    Overview

    Located in Springs Ridge, Bedford's newest subdivision, this residential lot offers an opportunity to build a home in a convenient location. Situated within the Bedford Borough, the subdivision features ten lots to choose from. Lot 4, with access along Green Lane, contains 0.368 acres. The location provides convenient access to the downtown area, which includes shops and restaurants. Additional nearby attractions include the Omni Bedford Springs Resort, Golf Course & Hiking Trails, Bedford Elks Country Club, and the Shuster Heritage Trail. Public water, sewer, and electric services are all available on site. Covenants and restrictions are in place within the subdivision to protect home investments.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Bedford
    County
    Bedford
    State
    Pennsylvania
    Longitude
    -78.505971
    Latitude
    40.006704

    Nearby Similar for Sale

    • $595,000
      2,576 SF

      Profitable Restaurant with Liquor License

      Turn-key restaurant with full liquor license in Bedford, PA.
      110 W Pitt St, Bedford, PA 15522
      View Details
    • $205,000

      Recreational Land Near State Game Lands

      42+/- acres ideal for outdoor recreation and hunting.
      42AC MAIN ROAD, BEDFORD, PA 15522
      View Details
    • $225,000

      Recreational Land with Off-Grid Cabin

      47+/- acres with cabin near PA State Game Lands.
      47AC MAIN ROAD, BEDFORD, PA 15522
      View Details
    • $220,000

      55 Acres Bordering State Forest

      55 acres ideal for outdoor recreation near Buchanan State Forest.
      55AC MAIN ROAD, BEDFORD, PA 15522
      View Details
    • $40,000

      Bedford County Land For Sale

      3.13 acre lot in Bedford County, Pennsylvania.
      1228 IMLERTOWN RD, BEDFORD, PA 15522
      View Details
    • $99,900

      Residential Land with Scenic Views

      Partially cleared 1.014-acre lot near Bedford with utilities access.
      36,37,46 Oakwood Drive, Bedford, PA 15522
      View Details
    • $900

      Spacious Mixed-Use Property Available

      Mixed-use property with multiple rooms and private entrances for sale.
      9528 Lincoln Highway 6 Bedford, PA 15522
      View Details
    • $259,000

      Bedford Land with Development Potential

      2.34 acres near downtown Bedford with utilities available.
      Off Sunnyside Road, Bedford, PA 15522
      View Details
    • $259,000
      7,202 SF

      Adaptable Commercial Space in Bedford

      Versatile 7,000+ sq ft commercial building in Bedford, PA.
      223 Railroad Street, Bedford, PA 15522
      View Details
    • $39,900

      Wooded Lot Near Bedford Borough

      0.885 acre wooded lot with stream access near amenities.
      Off Donahue Manor Road, Bedford, PA 15522
      View Details
    • $37,900

      Residential Lot in Bedford Borough

      Residential lot in Bedford Borough close to downtown and amenities.
      Green Lane lot: 3 Off, Bedford, PA 15522
      View Details
    • $79,900

      Residential Land in Bedford Borough

      Residential land in Bedford Borough, close to downtown and amenities.
      S Thomas Street lot: 8 Off, Bedford, PA 15522
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in Bedford, close to amenities and attractions.
    Where is this residential land & home lot located?
    The property is located at Green Lane lot 4 Off Bedford, PA.
    What is the asking price?
    The asking price for this property is $37,900.
    What are key features of this property?
    This property features: Located in Bedford Borough, offering convenient access to downtown shops and restaurants.; Close proximity to Omni Bedford Springs Resort, Golf Course & Hiking Trails.; Public water, sewer, and electricity are all available on site.
    (814) 977-8731
    We can help!
    Listing Contact
    Sean Bardell
    Sean Bardell
    Real Estate License ID: RM423081
    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
    Green Lane lot: 4 Off, Bedford, PA 15522
    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!