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    2212 Centre Tpke Orwigsburg, PA 17961
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    2212 Centre Tpke Orwigsburg, PA 17961

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    • Retail properties & Spaces
    • 7,800 SF
    • 3.70 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2212 Centre Tpke

    Year built
    1934
    Lot size
    3.70 lot acres
    Property size
    7,800 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional turnkey opportunity presents a well-established restaurant in Orwigsburg, Pennsylvania. The 7,800 square foot, two-story free-standing building sits on a 3.7-acre lot with 75 parking spaces. Built in 1934 and extensively renovated in 2022, the property boasts a prime location near the Berks-Schuylkill County border, with significant highway and river frontage (20,935 cars per day). The restaurant, operating successfully for 49 years, offers a proven track record and loyal customer base. The sale includes a liquor license. The property is zoned C and features a spacious interior, ample parking, and a desirable location. This is a rare chance to acquire a thriving business with significant potential for continued growth. The asking price is $695,000 ($89.10 per square foot). The property's APN is 35-15-0029.000. This is a truly unique opportunity for an owner/user to step into an immediately profitable venture with minimal capital investment required for improvements or maintenance. The address is 2212 Centre Turnpike, Orwigsburg, PA 17961.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Orwigsburg
    County
    Schuylkill
    State
    Pennsylvania
    Longitude
    -76.027
    Latitude
    40.5933

    Comparable in this City

    • Value Estimation by Request
      3,500 SF

      655 Route 61

      Restaurants • 3,500 SF
      655 Route 61, Orwigsburg, PA 17961
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    • Value Estimation by Request
      1,280 SF

      1438 Ctr Tpke

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,280 SF
      1438 Ctr Tpke, Orwigsburg, PA 17961-9341
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    • Value Estimation by Request
      384 SF

      32 Molino Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 384 SF
      32 Molino Rd, Orwigsburg, PA 17961-9107
      View Details
    • Value Estimation
      $790,000
      8,800 SF

      5 Pinedale Industrial Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 8,800 SF
      5 Pinedale Industrial Rd, Orwigsburg, PA 17961-9082
      View Details
    • Value Estimation by Request
      3,735 SF

      95 Rockland Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,735 SF
      95 Rockland Dr, Orwigsburg, PA 17961-9480
      View Details
    • Value Estimation
      $655,000
      7,616 SF

      Greenview Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 7,616 SF
      Greenview Rd, Orwigsburg, PA 17961
      View Details

    Similar Nearby for Sale

    • $900,000

      Development Opportunity on RT 61

      Large lot with existing building and high-traffic location.
      1404 Centre Tpke, Orwigsburg, PA 17961
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    • $599,900

      Restaurant and Bar on PA-61

      Former restaurant and bar with spacious owner's quarters.
      655 Route 61, Orwigsburg, PA 17961
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    • $599,900
      3,500 SF

      Turn-Key Restaurant and Bar

      Fully equipped restaurant and bar with owner's quarters.
      655 Route 61, Orwigsburg, PA 17961
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    • Contact for pricing
      2,992 SF

      Orwigsburg Commercial Building For Sale

      2,992 SF commercial building with drive-thru lanes for sale.
      1251 Centre Tpke, Orwigsburg, PA 17961
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    • $2,999,999
      6,000 SF

      Orwigsburg Commercial Land & Buildings

      40 Acres, 6000 sqft, Prime Location
      1401 Centre Tpke, Orwigsburg, PA 17961
      View Details
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    Orwigsburg, PA 17961
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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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