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    4686 Us-209 Elizabethville, PA 17023
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    4686 Us-209 Elizabethville, PA 17023

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    • Neighborhood centers
    • 54,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 4686 Us-209

    Property size
    54,000 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Lykens Valley Plaza, located at 4686 US-209 in Elizabethville, Pennsylvania (zip code 17023), presents a prime retail opportunity. This single-story, 54,000-square-foot strip center offers multiple spaces for lease, with a minimum divisible space of 1,500 square feet and a maximum contiguous space of 12,000 square feet. Currently, 17,506 square feet are available. The property sits on an 8.65-acre lot and benefits from its strategic location along Route 209, a high-traffic area with an average daily traffic count of 8,600 vehicles. Lykens Valley Plaza is a well-maintained center boasting strong national co-tenancy with established businesses such as McDonald's and CVS, ensuring consistent foot traffic and visibility. Ample parking is available for customers and employees. This presents an excellent opportunity for businesses seeking high-traffic exposure in a thriving retail environment. The property is ideally suited for a variety of retail uses. Interested parties should inquire about available space and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elizabethville
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.7893
    Latitude
    40.5581

    Comparable in this City

    • Value Estimation
      $790,000
      56,000 SF

      4686 Rte 209

      SHOPPING CENTER, STRIP CENTER • 56,000 SF
      4686 Rte 209, Elizabethville, PA 17023
      View Details
    • Value Estimation by Request
      0.16 Acres

      13 Main St

      PARKING LOT • 0.16 Acres
      13 Main St, Elizabethville, PA 17023
      View Details
    • Value Estimation
      $11,495,000
      155,527 SF

      200 Kocher Ln

      RETAIL STORES (PERSONAL SERVICES) • 155,527 SF
      200 Kocher Ln, Elizabethville, PA 17023-8716
      View Details
    • Value Estimation by Request
      0.13 Acres

      Spruce St

      PARKING LOT • 0.13 Acres
      Spruce St, Elizabethville, PA 17023
      View Details
    • Value Estimation
      $650,000
      5,840 SF

      Rte 209th L2

      RETAIL STORES (PERSONAL SERVICES) • 5,840 SF
      Rte 209th L2, Elizabethville, PA 17023
      View Details
    • Value Estimation by Request
      2,132 SF

      74 Market St

      RESTAURANT • 2,132 SF
      74 Market St, Elizabethville, PA 17023
      View Details

    Similar Nearby for Sale

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      31.14 Acres

      Mountain Land in Elizabethville, PA

      31.14 acres of mountain land in Elizabethville, Pennsylvania.
      Elizabethville, PA 17023
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    • $299,040
      37.38 Acres

      37.38 Acres of Land

      37.38 acres of land zoned conservation/clean & green.
      RAILROAD Smt Br, Elizabethville, PA 17023
      View Details
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    Elizabethville, PA 17023
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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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