Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    160 Choate Cir Montoursville, PA 17754

    • Land
    • 2.59 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 160 Choate Cir

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

    Description

    This exceptional 2.59-acre industrial land parcel presents a unique opportunity for businesses seeking a strategic location in Montoursville, Pennsylvania. Situated at 160 Choate Circle within the established Choate Circle Commercial and Industrial Park, this flat corner lot offers excellent visibility from Fairfield Road. The property's IND 1 zoning permits a variety of uses, including office, medical, and a mix of commercial and industrial applications. Its convenient location provides easy access to I-180 via the Fairfield exit, placing businesses within a short commute of Williamsport, Montoursville, and Muncy. The site benefits from existing utilities and is surrounded by a diverse range of established businesses, including Geisinger Medical Center, Utz Quality Foods, and others. The thriving Lycoming County area boasts a strong population base of 113,605 residents in 47,022 homes, with a median household income of $60,494. Major employers like Pennsylvania College of Technology and UPMC further enhance the area's economic vitality. Furthermore, the area's attractions, such as the Little League World Series, Lycoming College, and Pennsylvania College of Technology, contribute to a vibrant and growing community. This property is available for sale or a ground lease. New traffic signals and development along Fairfield Road promise increased traffic flow in the future.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Montoursville
    County
    Lycoming
    State
    Pennsylvania
    Longitude
    -76.8916
    Latitude
    41.249

    Comparable in this City

    • Value Estimation by Request

      250 Brushy Ridge Rd

      Land
      250 Brushy Ridge Rd, Montoursville, PA 17754
      View Details
    • Value Estimation by Request
      1.00 Acre

      Fairfield Rd

      Land • 1.00 Acre
      0 Fairfield Rd, Montoursville, PA 17754
      View Details
    • Value Estimation
      $2,070,000
      16,200 SF

      80 Choate Cir

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 16,200 SF
      80 Choate Cir, Montoursville, PA 17754-9791
      View Details
    • Value Estimation by Request
      4,420 SF

      270 Brushy Rdg Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 4,420 SF
      270 Brushy Rdg Rd, Montoursville, PA 17754-8313
      View Details
    • Value Estimation by Request
      20,430 SF

      2455 Warrensville Rd

      Industrial properties • 20,430 SF
      2455 Warrensville Rd, Montoursville, PA 17754
      View Details
    • Value Estimation
      $595,000
      4,200 SF

      116 Washington St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 4,200 SF
      116 Washington St, Montoursville, PA 17754-2220
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12.50 Acres

      Montoursville Industrial Land

      12.5-acre development opportunity, I-180 access.
      185 Brushy Ridge Rd, Montoursville, PA 17754
      View Details
    • $1,300,000
      3.36 Acres

      Montoursville Industrial Property - Turnkey Business

      Established Firewood Business, 20,430 sq ft
      2455 Warrensville Rd, Montoursville, PA 17754
      View Details
    • Contact for pricing
      2.59 Acres

      Montoursville Industrial Land

      2.59-acre lot, prime location.
      160 Choate Cir, Montoursville, PA 17754
      View Details
    • Contact for pricing
      1.00 Acre

      Fairfield Crossing East Development

      Prime I-180 location, 1-6 acres.
      0 Fairfield Rd, Montoursville, PA 17754
      View Details
    • Contact for pricing

      Montoursville Commercial Space Available

      Former medical space suitable for retail, industrial, office, hospitality.
      780 Broad St, Montoursville, PA 17754
      View Details
    • $399,000
      0.11 Acres

      Montoursville Townhome Lots

      Seven buildable lots in established development
      0 Confair Blvd, Montoursville, PA 17754
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      43,560 SF

      Montoursville Industrial Land

      Prime 1.7-acre industrial site near I-180.
      250 Brushy Ridge Rd, Montoursville, PA 17754
      View Details
    • Contact for pricing
      522,720 SF

      Montoursville Industrial Land

      12-Acre Industrial Site, Prime Location
      185 Brushy Ridge Rd, Montoursville, PA 17754
      View Details
    • Contact for pricing
      871,200 SF

      Montoursville Commercial Land

      Prime Commercial Land, 1-20 Acres
      0 Lycoming Mall Dr, Montoursville, PA 17754
      View Details
    • Contact for pricing
      148,104 SF

      55 Pierce Ln

      Land • 3.40 Acres
      55 Pierce Ln, Montoursville, PA 17754
      View Details
    • Contact for pricing
      5,400 SF

      Commercial Warehouse Near I-180

      5,400 SF warehouse with convenient highway access.
      270 Brushy Ridge Rd, Montoursville, PA 17754
      View Details
    • Contact for pricing
      30,125 SF

      Montoursville Medical & Industrial Space

      Large Office/Industrial Space Available
      780 Broad St, Montoursville, PA 17754
      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.
    160 Choate Cir
    Montoursville, PA 17754
    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.