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    9747 Us-220 Jersey Shore, PA 17740

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    9747 Us-220 Jersey Shore, PA 17740

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    • Warehouses
    • 3,234 SF
    • 1.05 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 9747 Us-220

    Year built
    1920
    Lot size
    1.05 lot acres
    Property size
    3,234 SF
    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional mixed-use property, located at 9747 US-220 in Jersey Shore, Pennsylvania, presents a unique investment opportunity. Boasting 3,234 square feet on a 1.05-acre lot, this two-story building offers a diverse range of uses. Currently configured as Millers Auto Works, the property includes approximately 1,794 square feet of office space and 1,440 square feet of warehouse space. An additional 1,794 square feet on the second floor is currently used as a two-bedroom apartment with 1.5 bathrooms. The property benefits from convenient access to both the north and south sides of Route 220, a high-traffic area with over 21,000 vehicles per day, according to PennDOT. Ample parking is available with 75 spaces. Built in 1920, the property is zoned commercial and includes most outbuildings. The seller may consider partial owner financing, making this an attractive option for various buyers. The property's versatile layout and prime location make it suitable for a variety of businesses and investment strategies. The APN is 45-36600122. This is a rare opportunity to acquire a substantial mixed-use property in a thriving Pennsylvania location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jersey Shore
    County
    Lycoming
    State
    Pennsylvania
    Longitude
    -77.216
    Latitude
    41.2189

    Comparable in this City

    • Value Estimation by Request
      912 SF

      110 Charles St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 912 SF
      110 Charles St, Jersey Shore, PA 17740-1149
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    • Value Estimation by Request
      540 SF

      1115 Cemetery St

      AUTO REPAIR, GARAGE • 540 SF
      1115 Cemetery St, Jersey Shore, PA 17740-8550
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    • Value Estimation by Request
      864 SF

      110 Tomb Ave

      AUTO REPAIR, GARAGE • 864 SF
      110 Tomb Ave, Jersey Shore, PA 17740-1300
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      1,120 SF

      Whitetail Ln

      AUTO REPAIR, GARAGE • 1,120 SF
      Whitetail Ln, Jersey Shore, PA 17740
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    • Value Estimation by Request
      1,500 SF

      Rt 220

      AUTO REPAIR, GARAGE • 1,500 SF
      Rt 220, Jersey Shore, PA 17740
      View Details
    • Value Estimation by Request
      1,800 SF

      Water St Ext

      AUTO REPAIR, GARAGE • 1,800 SF
      Water St Ext, Jersey Shore, PA 17740
      View Details

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      2,912 SF

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    9747 Us-220
    Jersey Shore, PA 17740
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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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