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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Willow Ave Knox, PA 16232

    • Land
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Willow Ave

    Lot size
    2.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 2-acre farm property, located on Willow Ave in Knox, Pennsylvania (zip code 16232), presents a unique opportunity for buyers seeking a tranquil setting to build their dream home. Situated in Clarion County, this vacant wooded lot offers unparalleled privacy and the chance to create a personalized woodland paradise. The asking price for this land is $39,900. The property is classified as farmland and is ideal for those seeking a secluded, rural lifestyle. The latitude and longitude coordinates are 41.2323449 and -79.5429281 respectively, allowing for easy location verification. This property is a blank canvas, perfect for those with a vision to build from the ground up. Buyers will appreciate the peaceful and private community atmosphere, offering a welcome escape from the hustle and bustle of city life. The property's natural setting provides a serene backdrop for a new home, offering a unique blend of tranquility and potential. This is a rare opportunity to acquire a piece of land in a desirable location, ready for development and offering the chance to create a truly special property. The lot is ready for immediate development, allowing for a quick start on your building project. Don't miss this chance to own a piece of Pennsylvania's beautiful countryside.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Knox
    County
    Clarion
    State
    Pennsylvania
    Longitude
    -79.5429
    Latitude
    41.2323

    Comparable in this City

    • Value Estimation by Request

      6838 Pa-338

      Land
      6838 Pa-338, Knox, PA 16232
      View Details
    • Value Estimation by Request

      427 State St

      VACANT COMMERCIAL LAND
      427 State St, Knox, PA 16232-1837
      View Details
    • Value Estimation by Request
      12.35 Acres

      Knox, PA 16232

      VACANT COMMERCIAL LAND • 12.35 Acres
      Knox, PA 16232
      View Details
    • Value Estimation by Request
      0.89 Acres

      Knox, PA 16232

      VACANT COMMERCIAL LAND • 0.89 Acres
      Knox, PA 16232
      View Details
    • Value Estimation by Request
      367.96 Acres

      7872 Huckleberry Rdg

      VACANT COMMERCIAL LAND • 367.96 Acres
      7872 Huckleberry Rdg, Knox, PA 16232-4874
      View Details
    • Value Estimation by Request
      0.27 Acres

      Knox, PA 16232

      VACANT COMMERCIAL LAND • 0.27 Acres
      Knox, PA 16232
      View Details

    Similar Nearby for Sale

    • $38,900
      2.00 Acres

      Vacant Wooded Lot in Knox

      Two-acre vacant wooded lot in a peaceful, private community.
      Willow Ave, Knox, PA 16232
      View Details
    • $275,000
      7,680 SF

      Bowling Alley and Multi-Unit Complex

      Established bowling alley, restaurant, lottery shop, and residential unit.
      216 High Pt Dr, Knox, PA 16232
      View Details
    • $249,900
      3,101 SF

      Historic Mixed-Use Building in Knox

      Versatile property with retail, office, and residential potential.
      601 S Main St, Knox, PA 16232
      View Details
    • $399,900
      5,000 SF

      Remodeled Event Center with Storage

      Commercial property with event center, storage units, and multiple possibilities.
      2687 Route 208, Knox, PA 16232
      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.
    Willow Ave
    Knox, PA 16232
    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.