Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    219 Jari Dr Johnstown, PA 15904-6916

    • Commercial land
    • 3.61 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0706019
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 219 Jari Dr

    Lot size
    3.61 lot acres
    Property type
    Commercial land
    APN
    050 120124
    APU
    50120124

    Description

    This exceptional 19,200-square-foot distribution center, built in 2024, presents a compelling investment opportunity. Located at 219 Jari Dr, Johnstown, PA 15904, this single-tenant property boasts a brand-new, seven-year lease with a strong credit tenant, PepsiCo/Frito-Lay. The building features eight dock-high doors and an impressive 18-foot ceiling height, ideal for efficient warehouse operations. Situated on a 3.61-acre lot, the property is zoned L-1 (Light Industrial), ensuring flexibility and future development potential. The asking price is $4,348,541, representing a compelling cap rate of 7.75% with a Net Operating Income (NOI) of $337,012. This modern facility, constructed and renovated in 2024, offers a turnkey solution for investors seeking a stable, high-return investment in a strategically located Pennsylvania market. The property's modern construction and prime location make it an attractive asset for long-term growth and income generation. The price per square foot is $226.49. This is a rare opportunity to acquire a high-quality, newly constructed distribution center with a strong tenant in place.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Johnstown
    County
    Cambria
    State
    Pennsylvania
    Longitude
    -78.8263
    Latitude
    40.2847
    CBSA code
    27780
    CBSA name
    JOHNSTOWN, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,250
    $23,810
    $0.00
    $23,810
    -
    $23,810
    $0.00
    $23,810

    Comparable in this City

    • Value Estimation by Request
      0.80 Acres

      Eisenhower Blvd

      VACANT COMMERCIAL LAND • 0.80 Acres
      Eisenhower Blvd, Johnstown, PA 15904
      View Details
    • Value Estimation by Request
      0.05 Acres

      Oakmont Blvd

      VACANT COMMERCIAL LAND • 0.05 Acres
      Oakmont Blvd, Johnstown, PA 15904
      View Details
    • Value Estimation by Request
      0.10 Acres

      Industrial Park Rd

      VACANT COMMERCIAL LAND • 0.10 Acres
      Industrial Park Rd, Johnstown, PA 15904
      View Details
    • Value Estimation by Request
      0.30 Acres

      1st St

      VACANT COMMERCIAL LAND • 0.30 Acres
      1st St, Johnstown, PA 15904
      View Details
    • Value Estimation by Request
      0.34 Acres

      2nd St

      VACANT COMMERCIAL LAND • 0.34 Acres
      2nd St, Johnstown, PA 15904
      View Details
    • Value Estimation by Request
      4.20 Acres

      Eisenhower Blvd

      VACANT COMMERCIAL LAND • 4.20 Acres
      Eisenhower Blvd, Johnstown, PA 15904
      View Details

    Similar Nearby for Sale

    • $250,000
      Pending

      Commercial Land Near Galleria Mall

      11.695 acres of commercial land near Galleria Mall.
      Oakridge Dr, Johnstown, PA 15904
      View Details
    • $69,900
      1.59 Acres

      Wooded Lot in Adams Township

      1.586-acre wooded lot in Forest Hills School District.
      Fifty Acre Rd, Johnstown, PA 15904
      View Details
    • $75,900
      2.54 Acres

      Residential Land in Oakridge Spring

      Wooded building lots in Richland Township's Oakridge Spring Development.
      #12 Oakridge Spg, Johnstown, PA 15904
      View Details
    • $49,900
      0.96 Acres

      Richland School District Vacant Lot

      Vacant, partially wooded lot in Richland School District.
      Mount Airy Dr, Johnstown, PA 15904
      View Details
    • $54,900
      2.02 Acres

      Residential Land in Oakridge Springs

      Wooded building lots in Richland Township's Oakridge Spring Development.
      #1 Oakridge Spg, Johnstown, PA 15904
      View Details
    • $69,900
      1.59 Acres

      Residential Land in Adams Township

      1.586-acre wooded lot in Forest Hills School District.
      3 Fifty Acre Rd, Johnstown, PA 15904
      View Details

    Similar Nearby for Lease

    • $509,915
      1,001,880 SF

      Johnstown Land Lease Opportunity

      23 acres of land available for lease in Johnstown.
      423 Walters Ave, Johnstown, PA 15904
      View Details
    • $250 SF/Yr
      17,424 SF

      Office Space in Richland Twp

      Office space for rent with utilities and internet included.
      212 Bloomfield St, Johnstown, PA 15904
      View Details
    • $3,550 /Mo
      4,000 SF

      High Traffic Geistown Retail/Office Space

      Prime location with high visibility and ample parking.
      2451 Bedford St, Johnstown, PA 15904
      View Details
    • $250 SF/Yr

      Furnished Office Space For Rent

      Office space for rent with utilities and internet included.
      330 Bloomfield St, Johnstown, PA 15904
      View Details
    • Contact for pricing
      17,130 SF

      Retail Space Available For Rent

      17,130 SF retail space available for rent.
      1451 Scalp Ave, Johnstown, PA 15904
      View Details
    • $1,850 /Mo
      3,920 SF

      Johnstown Commercial Building For Lease

      Commercial building with multiple offices, kitchenette, and parking.
      2203 Ruth Way, Johnstown, PA 15904
      View Details
    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.
    219 Jari Dr
    Johnstown, PA 15904-6916
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.