Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    227 Academy St Williamsport, PA 17701

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Commercial space in attractive building with private parking.

    Type:Retail, Office
    Added:
    Mar 27, 2024
    Days on Market:
    752
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 227 Academy St

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1980

    Spaces For Lease

    at 227 Academy St Contact us

    Available Space $12 /Mo

    Size
    37,000 SF
    Type
    Retail, Office
    Contact us

    We can help!

    Listing Contact
    Nathan White

    Listing agent Nathan White License #PA 325454

    Listing office Fish Commercial Group

    Listing date Mar 27, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Fish Commercial Group

    Overview

    Commercial Space in Central Business

    Commercial space is available in an attractive building situated in the Central Business District. The property is located across from Starbucks and offers convenient highway access. Private parking is available for clients. The space is suitable for office, retail, or medical use. The landlord will consider subdividing the available space to accommodate a tenant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    KBF Print Technology Marketing & Advertising Skills of Central PA, ... Crisis Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Williamsport
    County
    Lycoming
    State
    Pennsylvania
    Longitude
    -76.997627
    Latitude
    41.241582

    Nearby Similar for Lease

    • $7/mo

      Warehouse with Office in Williamsport

      3,750 SF warehouse with office, dock, and drive-in door.
      2925 W 4th Street, Williamsport, PA 17701
      View Details
    • $21/mo

      Turn-Key Office/Retail Space Available

      Prime end-cap space in TJ Maxx plaza, Williamsport, PA.
      1770 E 3rd Street, Williamsport, PA 17701
      View Details
    • $18/mo

      Williamsport Professional Office Suite

      Professionally finished office space in high-visibility Williamsport location.
      201 Basin Street, Williamsport, PA 17701
      View Details
    • Contact for pricing

      Versatile Commercial Building with Cooler

      Commercial space with office, warehouse, and 1,500 sq. ft. cooler.
      760 Arnold Street, Williamsport, PA 17701
      View Details
    • $1.00/mo

      Versatile Warehouse Space in Williamsport

      240,000+ SF warehouse on 11+ acres with highway access.
      1501 W 3rd Street, Williamsport, PA 17701
      View Details
    • Contact for pricing

      Retail Space in Loyal Plaza

      Retail space available in a busy shopping center.
      1913 E 3rd St, Williamsport, PA
      View Details
    • Contact for pricing

      Warehouse Space with Highway Access

      Class B warehouse space available for lease in December 2024.
      1501 W 3rd St, Williamsport, PA
      View Details
    • $12/mo

      Williamsport Commercial Buildings with Parking

      Two commercial buildings with over 48,000 sq ft and 140+ parking spaces.
      227 Academy Street, Williamsport, PA 17701
      View Details
    • $12/mo

      Commercial Buildings with Parking Lots

      Two commercial buildings with over 140 parking spaces.
      227 Academy Street, Williamsport, PA 17701
      View Details
    • Contact for pricing

      Shopping Center Space Available

      Retail space in a well-positioned shopping center.
      1915 E 3rd St, Williamsport, PA
      View Details
    • Contact for pricing

      Office and Industrial Space Available

      18,000 SF office/industrial space with high ceilings, OH doors.
      2400 Reach Rd, Williamsport, PA 17701
      View Details
    • Contact for pricing

      Retail Space in Shopping Center

      Retail spaces available in a busy shopping center.
      1734 E 3rd St, Williamsport, PA 17701
      View Details

    FAQs

    What type of property is this?
    Office units - Commercial space in attractive building with private parking.
    Where is this office units located?
    The property is located at 227 Academy St Williamsport, PA.
    What are key features of this property?
    This property features: Prime location in the Central Business District; Private parking for clients; Versatile space suitable for office, retail, or medical use
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nathan White
    Real Estate License ID: PA 325454
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!