Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    823 Pa-307 Factoryville, PA 18419

    Property Lookup

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

    823 Pa-307 Factoryville, PA 18419

    View on Map
    • Retail properties & Spaces
    • 1,350 SF
    • 0.34 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 823 Pa-307

    Year built
    1940
    Lot size
    0.34 lot acres
    Property size
    1,350 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This 1,350 square foot storefront in Factoryville, PA, presents a unique investment opportunity. Located at 823 PA-307, this single-story, 1940-built building sits on a 0.34-acre lot (APN 21-053.5-096-00-00-00) and is zoned commercial. Currently configured with a one-bedroom apartment occupying half the space and the other half vacant, it offers flexibility for various retail or office uses. The property boasts four sewer hookups and a significant advantage: direct access to a twelve-foot court leading to Lake Winola's shoreline, perfect for recreational use. While currently permitted for two rentals, expansion beyond this would require a zoning variance. The asking price is $175,000, translating to $129.63 per square foot. This property's combination of commercial zoning, lake access, and adaptable space makes it an attractive proposition for savvy investors seeking a unique retail or mixed-use venture in a desirable Pennsylvania location. The property's location in Wyoming County, with its zip code 18419, offers easy access to local amenities and a strong potential customer base. The existing apartment provides immediate income potential, while the vacant space allows for customization to suit a variety of business needs. This is a rare opportunity to acquire a property with both commercial and recreational potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Factoryville
    County
    Wyoming
    State
    Pennsylvania
    Longitude
    -75.8571
    Latitude
    41.5092

    Comparable in this City

    • Value Estimation by Request
      1.77 Acres

      1342 State Rte 107

      RETAIL STORES (PERSONAL SERVICES) • 1.77 Acres
      1342 State Rte 107, Factoryville, PA 18419
      View Details
    • Value Estimation by Request
      0.67 Acres

      114 Evan Ln

      PARKING GARAGE, PARKING STRUCTURE • 0.67 Acres
      114 Evan Ln, Factoryville, PA 18419
      View Details
    • Value Estimation by Request

      51 Defazio Trlr Park

      MOBILE HOME PARK, TRAILER PARK
      51 Defazio Trlr Park, Factoryville, PA 18419-9634
      View Details
    • Value Estimation by Request

      98 College Ave

      COMMERCIAL (GENERAL)
      98 College Ave, Factoryville, PA 18419
      View Details
    • Value Estimation by Request

      101 College Ave

      COMMERCIAL (GENERAL)
      101 College Ave, Factoryville, PA 18419-7719
      View Details
    • Value Estimation by Request

      887 Sr 307

      COMMERCIAL (GENERAL)
      887 Sr 307, Factoryville, PA 18419
      View Details

    Similar Nearby for Sale

    • $280,000
      2,500 SF

      Factoryville Mixed-Use Investment Opportunity

      Three-unit property in Factoryville near Keystone College.
      98 College Ave, Factoryville, PA 18419
      View Details
    • $40,000
      Pending

      Corner Lot in Factoryville, PA

      One-acre corner lot ready to build in Factoryville, PA.
      1796 Lithia Valley Rd, Factoryville, PA 18419
      View Details
    • $287,000
      2,200 SF

      Factoryville Triplex: Investor's Dream

      Fully occupied triplex with separate utilities and strong rental income.
      141 College Ave, Factoryville, PA 18419
      View Details
    • $599,000
      0.62 Acres

      Commercially Zoned Land Near Lake

      Vacant commercially zoned land with lake views and public sewer.
      Rt 307 & Trout Ln, Factoryville, PA 18419
      View Details
    • $610,000
      0.50 Acres

      Lakefront Land in Factoryville, PA

      Half-acre lakefront land with public sewer hookup and storage shed.
      108 Frear Ln, Factoryville, PA 18419
      View Details
    • $480,000
      2,050 SF

      Victorian Multifamily Property in Factoryville

      Income-producing 3-unit Victorian property with historic charm and modern convenience.
      49 College Ave, Factoryville, PA 18419
      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.
    823 Pa-307
    Factoryville, PA 18419
    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!