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    Grandma Ln Jonestown, PA 17038
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    Grandma Ln, Jonestown, PA 17038

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    • Land
    • 32.07 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Grandma Ln

    Lot size
    32.07 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 32.07-acre industrial land parcel presents a significant development opportunity in Jonestown, Pennsylvania, Lebanon County. Boasting over 2,200 feet of frontage along I-81, this site offers unparalleled visibility and accessibility, situated just two miles from the I-78 split. Currently enrolled in the Clean and Green program, the property is zoned for industrial use, with existing plans for a 100,000 to 140,000 square foot building. Its strategic location provides easy access to major transportation arteries including I-78, I-83, and I-76 (PA Turnpike), facilitating seamless logistics and distribution. The area is home to a robust industrial presence, with notable corporate neighbors such as TE Connectivity, Swift Transportation, Samsung, and many others, including the Fort Indiantown Gap National Guard Training Facility. This prime location and substantial acreage make this an ideal investment for large-scale industrial development. The property's APN is 33-23113318-411418. The asking price is $2,495,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jonestown
    County
    Lebanon
    State
    Pennsylvania
    Longitude
    -76.5171
    Latitude
    40.4593

    Comparable in this City

    • Value Estimation by Request
      1,368 SF

      Main St

      INDUSTRIAL (GENERAL)
      Main St, Jonestown, PA 17038
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    • Value Estimation by Request
      5.50 Acres

      2901 Pa-72

      Land
      2901 Pa-72, Jonestown, PA 17038
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    • Value Estimation by Request
      6.32 Acres

      Nwq Fisher Ave

      Land
      0 Nwq Fisher Ave, Annville, PA 17038
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    • Value Estimation by Request
      1,624 SF

      Jonestown Rd

      Automotive properties
      0 Jonestown Rd, Ono, PA 17038
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    • Value Estimation by Request
      20.00 Acres

      & I-81 Nwq Fisher Ave

      Land
      & I-81 Nwq Fisher Ave, Jonestown, PA 17038
      View Details
    • Value Estimation
      $39,390,000
      500,000 SF

      545 Old Frg Rd

      WAREHOUSE, STORAGE
      545 Old Frg Rd, Jonestown, PA 17038-8236
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      32.07 acres of land available for purchase.
      Grandma Ln, Jonestown, PA 17038
      View Details
    • Contact for pricing
      Pending

      Industrial and Agricultural Land Available

      17.895 acres of industrial and agricultural land for sale.
      11 Wolfe Dr, Jonestown, PA 17038
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    • $599,000
      6.29 Acres

      Land on State Route 72

      Large parcel of land with potential for commercial variances.
      2804-72 State Route 72, Jonestown, PA 17038
      View Details
    • Contact for pricing

      Commercial Land I-81 Interchange

      Commercially zoned land near I-81 interchange in Jonestown, PA.
      2901 Pa-72, Jonestown, PA 17038
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    • Contact for pricing

      Signal-Controlled Corner Property on Rt. 22

      Highly visible 6.22 acre commercial property with road frontage.
      10609 Allentown Blvd Rt 22, Jonestown, PA 17038
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    Similar Nearby for Lease

    • Contact for pricing
      192,891 SF

      Central PA Logistics Facility

      Industrial warehouse with modern features and ample parking.
      80 Micro Dr, Jonestown, PA 17038
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    • Contact for pricing

      Commercial Land on Jonestown Road

      0.84-acre commercial land parcel with high visibility and exposure.
      Jonestown Rd, Harrisburg, PA 17038
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    • Contact for pricing

      Signal-Controlled Corner Property on US Rt. 22

      Highly visible corner property with road frontage and parking spaces.
      10609 Allentown Blvd, Jonestown, PA 17038
      View Details
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    Jonestown, PA 17038
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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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