Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    68 Rte Harmony, PA 16063
    Back to Search
    Property profile & analytics

    68 Rte, Harmony, PA 16063

    View on Map
    • Land
    • 4.79 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 68 Rte

    Lot size
    4.79 lot acres
    Property type
    Land

    Description

    This exceptional 4.79-acre commercial land parcel presents a unique investment opportunity in Jackson Township, Pennsylvania. Strategically located on Route 68 at the corner of Textor School Road, this property boasts unparalleled visibility and accessibility. The land is zoned for commercial use, offering a wide range of development possibilities. Its proximity to Interstate 79 (less than one mile) ensures convenient access to major transportation routes, enhancing its appeal for businesses seeking a high-traffic location. All utilities are readily available, simplifying the development process. The asking price for this prime commercial land is $875,000, translating to approximately $182,672 per acre. This represents a compelling investment in a thriving area with significant growth potential. The property's location in Butler County, Pennsylvania, near Zelienople, provides access to a strong local economy and a diverse population base. This is an ideal site for a variety of commercial ventures, capitalizing on its high visibility and convenient location. Serious inquiries are encouraged to explore the full potential of this exceptional property. The property's address is Route 68, Jackson Township, PA 16063.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Harmony
    County
    Butler
    State
    Pennsylvania
    Longitude
    -80.1057
    Latitude
    40.7958

    Comparable in this City

    • Value Estimation by Request
      3.00 Acres

      500 Williams Dr

      Land
      500 Williams Dr, Zelienople, PA 16063
      View Details
    • Value Estimation by Request
      2.05 Acres

      206 Russell Rd

      Land
      206 Russell Rd, Zelienople, PA 16063
      View Details
    • Value Estimation by Request
      3.00 Acres

      Route 19

      Land
      0 Route 19, Cranberry Township, PA 16063
      View Details
    • Value Estimation by Request
      2.05 Acres

      206 Russell Rd

      Land
      206 Russell Rd, Zelienople, PA 16063
      View Details
    • Value Estimation by Request
      2.43 Acres

      Route 19

      Land
      0 Route 19, Cranberry Township, PA 16063
      View Details
    • Value Estimation by Request
      1.61 Acres

      22083 Perry Hwy

      Land
      22083 Perry Hwy, Zelienople, PA 16063
      View Details

    Similar Nearby for Sale

    • $3,500,000

      Income-Producing Industrial Building on 5.5 Acres

      51,300 SF building with development potential near I-79.
      129 Mccarrell Ln, Zelienople, PA 16063
      View Details
    • Contact for pricing

      Commercial Land with Varied Potential

      Commercial land suitable for car wash, retail, office, and more.
      22251 Perry Hwy, Zelienople, PA 16063
      View Details
    • $950,000

      Retail Development Opportunity on Highway

      Stand-alone retail location for sale on 0.57 acres.
      112 Perry Hwy, Zelienople, PA 16063
      View Details
    • Contact for pricing

      1.64 Acre Development Site

      1.64 acre development site on Route 19/Perry Hwy
      527 Perry Way, Zelienople, PA 16063
      View Details
    • Contact for pricing

      Land in Jackson’s Pointe Park

      New commercial park suitable for various business types.
      22083 Perry Hwy, Zelienople, PA 16063
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      251,341 SF

      Zelienople Commercial Land - 5.77 Acres

      Prime Commercial Lot, I-79 Access
      135 Lindsay Rd, Zelienople, PA 16063
      View Details
    • Contact for pricing

      Retail Strip Mall Opportunity

      Proposed retail strip mall development opportunity on Route 19.
      Route 19, Zelienople, PA 16063
      View Details
    • Contact for pricing

      Land in Jackson’s Pointe Park

      Land for office, retail, distribution, flex, technology, manufacturing.
      206 Russell Rd, Zelienople, PA 16063
      View Details
    • Contact for pricing

      Land in Jackson’s Pointe Park

      Land suitable for office, retail, distribution, flex, technology, manufacturing.
      22083 Perry Hwy, Zelienople, PA 16063
      View Details
    • Contact for pricing

      Commercial Land Near Zelienople

      Commercial land available for lease near Zelienople, Pennsylvania.
      500 Williams Dr, Zelienople, PA 16063
      View Details
    • Contact for pricing
      4,572 SF

      Adaptable Flex Space Available

      Customizable flex space for office or warehouse use.
      129 Mccarrell Ln, Zelienople, PA 16063
      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.
    68 Rte
    Harmony, PA 16063
    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

    Thank You for Inquiry
    68 Rte, Harmony, PA, 16063
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!