Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    51 Shelby Ln Shippenville, PA 16254

    Property Lookup

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

    51 Shelby Ln Shippenville, PA 16254

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

    Current Use by Public Records

    • Land

    Property Details for 51 Shelby Ln

    Lot size
    0.46 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 0.46-acre farm parcel, identified as Lot 24, presents a unique opportunity for immediate development. Situated in a tranquil, wooded subdivision in Shippenville, Pennsylvania, this property offers a peaceful setting while remaining conveniently located. The land is designated for building, making it ideal for those seeking to construct a new home or establish a small-scale agricultural venture. The address is 51 Shelby Lane, Shippenville, PA 16254, within Clarion County. The asking price for this prime building lot is $39,900. Its secluded location provides a sense of privacy and tranquility, while still offering easy access to local amenities and transportation routes. The property's wooded character adds to its natural beauty and provides a sense of seclusion. Buyers will appreciate the convenience of having a build-ready lot, eliminating the need for extensive land preparation. This is an excellent opportunity to acquire a piece of Pennsylvania farmland in a desirable location at an attractive price point. The property's coordinates are 41.2646703 latitude and -79.4366324 longitude. Don't miss this chance to own a piece of this serene and build-ready land.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shippenville
    County
    Clarion
    State
    Pennsylvania
    Longitude
    -79.4366
    Latitude
    41.2647

    Comparable in this City

    • Value Estimation by Request
      0.65 Acres

      101 Shelby Ln

      Farms • 0.65 Acres
      101 Shelby Ln, Shippenville, PA 16254
      View Details
    • Value Estimation by Request
      0.52 Acres

      76 Shelby Ln

      Farms • 0.52 Acres
      76 Shelby Ln, Shippenville, PA 16254
      View Details
    • Value Estimation by Request
      0.67 Acres

      75 Shelby Ln

      Farms • 0.67 Acres
      75 Shelby Ln, Shippenville, PA 16254
      View Details
    • Value Estimation by Request
      0.84 Acres

      65 Lydia Ln

      Farms • 0.84 Acres
      65 Lydia Ln, Shippenville, PA 16254
      View Details
    • Value Estimation by Request

      000 Us 322

      Land
      000 Us 322, Shippenville, PA 16254
      View Details
    • Value Estimation by Request
      1.08 Acres

      11251 Route 322

      Land • 1.08 Acres
      11251 Route 322, Shippenville, PA 16254
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      54 Acres Wood Land on 322

      54 acres of wooded land with easy highway access.
      000 Us 322, Shippenville, PA 16254
      View Details
    • Contact for pricing

      Prime Building Lot For Sale

      Building lot in quiet subdivision available for purchase.
      65 Lydia Ln, Shippenville, PA 16254
      View Details
    • $39,900
      0.52 Acres

      Shippenville, PA Vacant Building Lot

      Located in a quiet subdivision, perfect for an open basement.
      76 Shelby Ln, Shippenville, PA 16254
      View Details
    • $39,900
      0.84 Acres

      Shippenville, PA Vacant Land

      Prime building lot in a quiet Shippenville subdivision.
      65 Lydia Ln, Shippenville, PA 16254
      View Details
    • $39,900
      0.67 Acres

      Shippenville, PA Vacant Building Lot

      Located in a quiet subdivision, ready to build.
      75 Shelby Ln, Shippenville, PA 16254
      View Details
    • $64,900
      2.00 Acres

      Wooded Land Near State Game

      2-acre lot near State Game Lands with flexible usage.
      Pine Terrace Rd, Shippenville, PA 16254
      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.
    51 Shelby Ln
    Shippenville, PA 16254
    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!