Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Clear Spg Rd & Rte 422 Annville, PA 17003
    Property profile & analytics

    Clear Spg Rd & Rte 422, Annville, PA 17003

    View on Map
    • Land
    • 23.00 lot acres
    For Sale
    $5,750,000
    View Listing →
    Annville, PA Commercial Land - 23 Acres For Sale
    $5,750,000

    Annville, PA Commercial Land - 23 Acres

    Prime 23-acre development site in Annville, PA.

    Bellegrove, PA 17003
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Clear Spg Rd & Rte 422

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

    Description

    This exceptional 23 +/- acre parcel of land presents a remarkable opportunity for developers seeking a prime location in Annville, Pennsylvania. Situated at the intersection of Clear Spring Road and Route 422, this property boasts a highly desirable commercial zoning designation, allowing for a wide range of development possibilities. The land itself is characterized by good topography, making it suitable for various construction projects. The property's strategic location between Annville and Palmyra offers excellent accessibility and visibility, making it an ideal site for a hotel or other commercial ventures. The asking price is $5,750,000. The property's versatility is further enhanced by its potential for subdivision, with options ranging from 2 to 23 acres. The surrounding area features a diverse mix of residential, industrial, and commercial uses, creating a vibrant and dynamic environment. The property's APN is 25-2306271-363946-0000. This is a rare opportunity to acquire a substantial land holding in a thriving Pennsylvania community. Don't miss this chance to secure a prime location for your next development project. The property is located in Lebanon County, Pennsylvania, with a zip code of 17003.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Annville
    County
    Lebanon
    State
    Pennsylvania
    Longitude
    -76.5415
    Latitude
    40.3335

    Comparable in this City

    • Value Estimation by Request
      11.91 Acres

      1784 Pa-934

      Land
      1784 Pa-934, Annville, PA 17003
      View Details
    • Value Estimation by Request
      33.40 Acres

      1784 St

      Land
      1784 St, Annville, PA 17003
      View Details
    • Value Estimation by Request
      4.14 Acres

      Clear Spg Rd & Rte 422- 414 +/- Acres

      Land
      0 Clear Spg Rd & Rte 422- 414 +/- Acres, Annville, PA 17003
      View Details
    • Value Estimation by Request
      4,529 SF

      Ee Of N Ulrich St

      INDUSTRIAL (GENERAL)
      Ee Of N Ulrich St, Annville, PA 17003
      View Details
    • Value Estimation
      $4,350,000
      36,237 SF

      150 Moyer St

      PRINTING, PUBLISHING (LIGHT INDUSTRIAL)
      150 Moyer St, Annville, PA 17003-1624
      View Details
    • Value Estimation
      $1,020,000
      9,420 SF

      519 Main St

      MOBILE HOME PARK, TRAILER PARK
      519 Main St, Annville, PA 17003-1234
      View Details

    Similar Nearby for Sale

    • $5,750,000
      23.00 Acres

      Annville, PA Commercial Land - 23 Acres

      Prime 23-acre development site in Annville, PA.
      0 Clear Spg Rd & Rte 422, Annville, PA 17003
      View Details
    • $375,000
      2,627 SF

      Multi-Unit Property with Detached Garage

      Three-unit property with detached garage in Annville, Pennsylvania.
      36 N Railroad St, Annville, PA 17003
      View Details
    • Contact for pricing
      10,000 SF

      Mixed-Use Property in Historic District

      10,000 SF mixed-use property in Annville, PA for sale.
      103 W Main St, Annville, PA 17003
      View Details
    • $799,000
      3,200 SF

      Annville Warehouse: $799,000

      3,200 SF Warehouse, Multi-Tenant
      145 Moyer St, Annville, PA 17003
      View Details
    • $799,000
      3,200 SF

      Annville Industrial Property - Prime Location

      1.77 Acres, 3200 sq ft, High Potential
      145 Moyer St, Annville, PA 17003
      View Details
    View Listing
    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.
    Clear Spg Rd & Rte 422
    Annville, PA 17003
    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
    Clear Spg Rd & Rte 422, Annville, PA, 17003
    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!