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    427 Fairlane Blvd New Galilee, PA 16141

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    427 Fairlane Blvd New Galilee, PA 16141

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

    Current Use by Public Records

    • Land

    Property Details for 427 Fairlane Blvd

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

    Description

    This exceptional offering presents a significant industrial land opportunity in New Galilee, Pennsylvania. Located in Beaver County, this property boasts over 200 acres of available land, divided into multiple large, level tracts ranging from 1 to 72 acres. The site benefits from convenient access to major transportation arteries, situated less than one mile from both Interstate 76 (PA Turnpike) and Interstate 376. Its strategic location places it midway between Youngstown, Ohio, and Pittsburgh International Airport, offering unparalleled logistical advantages. Municipal water and sewer services are readily available. The property is zoned C-3, allowing for a wide range of industrial uses. Proximity to the Shell Cracker Plant and contiguity to the Mount Airy Casino site further enhance its appeal. Specific lot sizes include: Lot 1 (68 acres), Lot 2 (1.25 acres), Lot 3 (1.5 acres), Lot 4 (6.16 acres), Lot 5 (1 acre), Lot 6 (72 acres), and Lot 7 (44.8 acres). A county airport is just 10 miles away, while Pittsburgh International Airport and Youngstown, Ohio, are both within 30 miles. This is an unparalleled opportunity for businesses seeking a strategically located, well-serviced industrial site with significant acreage. The property's size and zoning flexibility make it ideal for large-scale development projects.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Galilee
    County
    Beaver
    State
    Pennsylvania
    Longitude
    -80.354
    Latitude
    40.8431

    Comparable in this City

    • Value Estimation
      $1,180,000
      33,878 SF

      1807 Shenango Rd

      LUMBERYARD, BUILDING MATERIALS • 33,878 SF
      1807 Shenango Rd, New Galilee, PA 16141-2241
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    • Value Estimation by Request
      4,296 SF

      123 Sherwood Dr

      CONSTRUCTION/CONTRACTING SERVICES • 4,296 SF
      123 Sherwood Dr, New Galilee, PA 16141-2203
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    • Value Estimation
      $735,000
      6,480 SF

      636 Paden Rd

      MINI-WAREHOUSE, STORAGE • 6,480 SF
      636 Paden Rd, New Galilee, PA 16141-2018
      View Details
    • Value Estimation by Request
      600 SF

      250 Sylvania Dr

      FACTORY (MANUFACTURING) • 600 SF
      250 Sylvania Dr, New Galilee, PA 16141-2424
      View Details
    • Value Estimation by Request
      5.95 Acres

      Shenango Rd

      INDUSTRIAL - VACANT LAND • 5.95 Acres
      Shenango Rd, New Galilee, PA 16141
      View Details
    • Value Estimation by Request
      0.53 Acres

      349 Sylvania Dr

      VACANT COMMERCIAL LAND • 0.53 Acres
      349 Sylvania Dr, New Galilee, PA 16141-2617
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      200+ Acres Commercial Land Available

      Large, level tracts near Shell Cracker Plant and Mount Airy Casino.
      472 Fairlane Blvd, New Galilee, PA 16141
      View Details
    • Contact for pricing

      200+ Acres Commercial Land Available

      Commercial land available near Shell Cracker Plant and Mount Airy Casino.
      472 Fairlane Blvd, New Galilee, PA 16141
      View Details
    • Contact for pricing

      200+ Acres Commercial Land Available

      Large, level tracts near Shell Cracker Plant and Mount Airy Casino.
      480 Fairlane Blvd, New Galilee, PA 16141
      View Details
    • Contact for pricing

      200+ Acres Commercial Land Available

      Large, level tracts of land near Shell Cracker Plant.
      0-0 Fairlane Blvd, New Galilee, PA 16141
      View Details
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    427 Fairlane Blvd
    New Galilee, PA 16141
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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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