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

    130 Patch Way Rd Hollidaysburg, PA 16648

    • Hospitality properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospitality properties

    Property Details for 130 Patch Way Rd

    Property type
    Hospitality properties
    Property subtype
    Hotels

    Description

    This exceptional Pennsylvania hotel portfolio comprises two well-maintained, three-story hotels totaling 143 keys. Located in Hollidaysburg and Altoona, Blair County, these properties boast convenient Interstate access and proximity to diverse commercial and leisure attractions within a 20-mile radius. Both hotels feature complimentary breakfast, fitness centers, and indoor pools, aligning with Comfort Inn brand standards. Consistent renovations maintain excellent condition, and revenue has steadily increased since 2021. The hotels are offered fee simple, unencumbered by existing management, presenting a unique opportunity for economies of scale and potential expense reductions. With strong TripAdvisor reviews averaging 4.5 stars and a consistent Gold Award for one location, this portfolio offers a low-risk investment opportunity below replacement cost, poised for further revenue growth under new ownership. The properties benefit from a strong brand affiliation and are available for sale individually or as a package.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hollidaysburg
    County
    Blair
    State
    Pennsylvania
    Longitude
    -78.4142
    Latitude
    40.4321

    Comparable in this City

    • Value Estimation
      $260,000
      0.09 Acres

      Broad St

      COMMERCIAL (GENERAL) • 0.09 Acres
      Broad St, Hollidaysburg, PA 16648
      View Details
    • Value Estimation by Request
      3.68 Acres

      Frankstown Rd

      VACANT COMMERCIAL LAND • 3.68 Acres
      Frankstown Rd, Hollidaysburg, PA 16648
      View Details
    • Value Estimation by Request
      3.00 Acres

      Frankstown Rd

      VACANT COMMERCIAL LAND • 3.00 Acres
      Frankstown Rd, Hollidaysburg, PA 16648
      View Details
    • Value Estimation
      $260,000
      1.49 Acres

      234 Locke Mtn Rd

      COMMERCIAL (GENERAL) • 1.49 Acres
      234 Locke Mtn Rd, Hollidaysburg, PA 16648
      View Details
    • Value Estimation
      $250,000
      0.69 Acres

      204 Lowe St, Unit 12

      COMMERCIAL (GENERAL) • 0.69 Acres
      204 Lowe St, Hollidaysburg, PA 16648-1622
      View Details
    • Value Estimation by Request
      0.93 Acres

      Rte 22

      VACANT COMMERCIAL LAND • 0.93 Acres
      Rte 22, Hollidaysburg, PA 16648
      View Details

    Similar Nearby for Sale

    • $1,266,000
      7,124 SF

      Rite Aid Pharmacy Investment

      High-yield, NNN-leased Rite Aid
      1201 Blair St, Hollidaysburg, PA 16648
      View Details
    • $339,150
      3.99 Acres

      Land Parcel Near Hollidaysburg

      Acreage near Hollidaysburg with utilities access ready for development.
      Axelle St, Hollidaysburg, PA 16648
      View Details
    • $900,000
      5 SF

      Medical Office Building For Sale

      Well-maintained medical office building with two professional suites.
      712 S Logan Blvd, Hollidaysburg, PA 16648
      View Details
    • New
      $225,000
      46.09 Acres

      Hollidaysburg Land with Cabin

      46 acres bordering State Game Lands with hunting cabin.
      Reservoir Rd, Hollidaysburg, PA 16648
      View Details
    • $900,000
      5,049 SF

      Hollidaysburg Medical Office Complex

      Prime Medical/Retail Space, High Growth Area
      712 Logan Blvd, Hollidaysburg, PA 16648
      View Details
    • $1,500,000
      3,784 SF

      Turnkey Florist and Greenhouse Business

      Commercial property with retail, greenhouses, residence, and event space.
      179 S Montgomery St, Hollidaysburg, PA 16648
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,600 SF

      767 Scotch Valley Rd

      Flex space • 9,600 SF
      767 Scotch Valley Rd, Hollidaysburg, PA 16648
      View Details
    • Contact for pricing
      21,260 SF

      Hollidaysburg Office Space for Lease

      Modern office suite in established business park.
      721 Scotch Valley Rd, Hollidaysburg, PA 16648
      View Details
    • Contact for pricing
      218,671 SF

      Scotch Valley Build-to-Suit Land

      5 Acres, Prime Hollidaysburg Location
      767 Scotch Valley Rd, Hollidaysburg, PA 16648
      View Details
    • Contact for pricing
      348,480 SF

      Hollidaysburg Acreage: Prime Location

      12 Acres, Multi-Use Potential, Gated Access
      465 Chimney Rocks Rd, Hollidaysburg, PA 16648
      View Details
    • $1,100 /Mo
      707 SF

      Retail Space in Hollidaysburg, PA

      Retail space available in high-traffic Hollidaysburg location.
      8495 Woodbury Pike, Hollidaysburg, PA 16648
      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.
    130 Patch Way Rd
    Hollidaysburg, PA 16648
    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.