Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Deerwood Dr Mercersburg, PA 17236
    Back to Search
    Property profile & analytics

    Deerwood Dr, Mercersburg, PA 17236

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

    Current Use by Public Records

    • Land

    Property Details for 0 Deerwood Dr

    Lot size
    19.78 lot acres
    Property type
    Land

    Description

    Exceptional 19.78-acre development opportunity in Mercersburg, Pennsylvania, featuring 31 finished residential lots within the Deerwood community. This prime parcel boasts stunning mountain views and offers a unique blend of tranquil countryside living with convenient access to recreational amenities, including proximity to Whitetail Ski Resort and Whitetail Golf Resort. All essential utilities, including electric, natural gas, cable TV/internet, and telephone lines, are in place, with the exception of well drilling. The sewer tap fee is included in the asking price of $2,700,000, and sewer laterals are already installed for each lot. The property is zoned for residential use and presents an ideal setting for a new residential development project. This turnkey opportunity simplifies the development process, minimizing upfront infrastructure costs and maximizing potential returns. The property's location, combined with its pre-engineered infrastructure, makes it an attractive investment for developers seeking a high-value, ready-to-build residential community. Don't miss this chance to capitalize on this exceptional development opportunity in a desirable location. The property is located at Deerwood Dr, Mercersburg, PA 17236, in Franklin County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mercersburg
    County
    Franklin
    State
    Pennsylvania
    Longitude
    -77.9364
    Latitude
    39.7634

    Comparable in this City

    • Value Estimation by Request
      25.00 Acres

      Keefer Dr

      Land
      0 Keefer Dr, Mercersburg, PA 17236
      View Details
    • Value Estimation by Request
      48.75 Acres

      10670 Ft Loudon Rd

      CAMPGROUND, RV PARK
      10670 Ft Loudon Rd, Mercersburg, PA 17236-9505
      View Details
    • Value Estimation by Request
      2,112 SF

      7570 Robinson Rd

      CAMPGROUND, RV PARK
      7570 Robinson Rd, Mercersburg, PA 17236-9751
      View Details
    • Value Estimation by Request
      0.13 Acres

      Seminary St

      VACANT COMMERCIAL LAND
      Seminary St, Mercersburg, PA 17236
      View Details
    • Value Estimation by Request
      0.23 Acres

      16 Main St

      VACANT COMMERCIAL LAND
      16 Main St, Mercersburg, PA 17236-1516
      View Details
    • Value Estimation by Request
      0.34 Acres

      11886 Buchanan W Trl

      VACANT COMMERCIAL LAND
      11886 Buchanan W Trl, Mercersburg, PA 17236-9767
      View Details

    Similar Nearby for Sale

    • $99,500

      Land Near Whitetail Golf Course

      Land for sale near Whitetail Golf Course in Mercersburg, PA.
      11147 Blairs Valley Rd, Mercersburg, PA 17236
      View Details
    • Contact for pricing

      Mixed-Use Property in Mercersburg

      Commercial property with residential units and development potential.
      232 N Main St, Mercersburg, PA 17236
      View Details
    • $250,000
      2,688 SF

      Mercersburg Duplex Investment Opportunity

      Two-story duplex in Mercersburg, PA, ideal for investment.
      28 West California St, Mercersburg, PA 17236
      View Details
    • $250,000
      2,688 SF

      Mercersburg Duplex Investment Opportunity

      Two-story duplex in Mercersburg, PA with income potential.
      28 California St W, Mercersburg, PA 17236
      View Details
    • $330,000
      24.00 Acres

      Land in Mercersburg, Pennsylvania

      24 acres of land suitable for various uses.
      Fort Loudon Rd, Mercersburg, PA 17236
      View Details
    • $125,000
      3.90 Acres

      Mercersburg Land with Road Frontage

      3.9 acre lot with great visibility and road frontage.
      Reeder Rd, Mercersburg, PA 17236
      View Details

    Similar Nearby for Lease

    • $750 /Mo

      Mercersburg Office Space For Lease

      Office space available on Main Street in Mercersburg, Pennsylvania.
      21 Main St S, Mercersburg, PA 17236
      View Details
    • $3,000 /Mo

      Mercersburg Corner Commercial Property Rental

      Corner commercial property available for rent in Mercersburg, Pennsylvania.
      11370 Fort Loudon Rd, Mercersburg, PA 17236
      View Details
    • $3,000 /Mo
      54,886 SF

      Mercersburg Retail Space For Lease

      Retail space with high potential near golf course and ski slope.
      11370 Fort Loudon Rd, Mercersburg, PA 17236
      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.
    Deerwood Dr
    Mercersburg, PA 17236
    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
    Deerwood Dr, Mercersburg, PA, 17236
    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!