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    2021 Pa-66 Ford City, PA 16226
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    Property profile & analytics

    2021 Pa-66 Ford City, PA 16226

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    • Warehouses
    • 23,015 SF
    • 4.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2021 Pa-66

    Year built
    1985
    Lot size
    4.00 lot acres
    Property size
    23,015 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This single-story, 23,015-square-foot industrial building in Ford City, PA, presents a compelling investment opportunity. Located at 2021 PA-66, this Class C property boasts a 4-acre lot and offers significant potential for various uses, including distribution, manufacturing, and warehousing. Built in 1985, the building features 27-foot ceilings and six dock-high doors, facilitating efficient loading and unloading. The property's strategic location along PA Route 66, a major north-south connector between Armstrong and Westmoreland Counties, provides excellent access to regional transportation networks. The substantial level yard adds further operational flexibility. The asking price is $1,550,000, translating to $67.35 per square foot. The property includes multiple overhead cranes, enhancing its suitability for various industrial applications. This is a rare opportunity to acquire a well-situated industrial property in a growing area. The net rentable area is 23,015 square feet. No zoning information is currently available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ford City
    County
    Armstrong
    State
    Pennsylvania
    Longitude
    -79.5343
    Latitude
    40.7196

    Comparable in this City

    • Value Estimation
      $655,000
      23,850 SF

      747 Eljer Way

      WAREHOUSE, STORAGE • 23,850 SF
      747 Eljer Way, Ford City, PA 16226-1145
      View Details
    • Value Estimation
      $2,500,000
      65.44 Acres

      4024 Fairway St

      MINI-WAREHOUSE, STORAGE • 65.44 Acres
      4024 Fairway St, Ford City, PA 16226
      View Details
    • Value Estimation by Request
      4,830 SF

      876 Main St

      MINI-WAREHOUSE, STORAGE • 4,830 SF
      876 Main St, Ford City, PA 16226-9226
      View Details
    • Value Estimation by Request
      11,488 SF

      2021 State Rte 66

      WAREHOUSE, STORAGE • 11,488 SF
      2021 State Rte 66, Ford City, PA 16226-4425
      View Details
    • Value Estimation by Request
      3,888 SF

      148-150 Ft Run Rd

      WAREHOUSE, STORAGE • 3,888 SF
      148-150 Ft Run Rd, Ford City, PA 16226
      View Details
    • Value Estimation by Request
      216 SF

      3rd Ave

      WAREHOUSE, STORAGE • 216 SF
      3rd Ave, Ford City, PA 16226
      View Details
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    Ford City, PA 16226
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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.

    More about this property
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