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    1 Leisure Dr Towanda, PA 18848
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    1 Leisure Dr Towanda, PA 18848

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    • Warehouses
    • 59.40 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1 Leisure Dr

    Lot size
    59.40 lot acres
    Property type
    Warehouses
    Property subtype
    Land

    Description

    This exceptional 59.4-acre lot, situated in the desirable Wilson Industrial Park in Towanda, Pennsylvania (zip code 18848), presents a unique opportunity for industrial development. Currently zoned for commercial use, this property offers significant flexibility for various manufacturing and warehouse applications. The lot's boundaries are adaptable, allowing for customization up to a maximum of 45 acres to suit specific project needs. While the property includes a well and an on-lot septic system, city water and sewer are conveniently located within a quarter-mile radius. A mobile office trailer is currently on-site and may be included in the sale. The property boasts access to natural gas with 150 lbs of pressure, and is situated within a couple hundred yards of a rail yard and a quarter-mile from an electrical substation. This strategic location provides unparalleled convenience and access to essential utilities and infrastructure. The property is being sold as-is by the owner. Taxes and assessed value are to be determined. Multiple sites for sand mounds are available on the property. This is an ideal location for businesses seeking a versatile and well-connected industrial space. The address is Lot 1 Leisure Dr, Towanda, PA.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Towanda
    County
    Bradford
    State
    Pennsylvania
    Longitude
    -76.4342
    Latitude
    41.7625

    Comparable in this City

    • Value Estimation by Request
      4,784 SF

      31217 Us-6

      Distribution properties • 4,784 SF
      31217 Us-6, Towanda, PA 18848
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    • Value Estimation by Request
      5,500 SF

      Wilson Industrial Dr

      Distribution properties • 5,500 SF
      0 Wilson Industrial Dr, Towanda, PA 18848
      View Details
    • Value Estimation by Request
      14.00 Acres

      20470 Route 187

      Land • 14.00 Acres
      20470 Route 187, Towanda, PA 18848
      View Details
    • Value Estimation by Request
      3.60 Acres

      200 Packer Ave

      MINI-WAREHOUSE, STORAGE • 3.60 Acres
      200 Packer Ave, Towanda, PA 18848-2029
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    • Value Estimation by Request
      0.73 Acres

      Sullivan St

      MINI-WAREHOUSE, STORAGE • 0.73 Acres
      Sullivan St, Towanda, PA 18848
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    • Value Estimation by Request
      2.16 Acres

      54 Roof Ln

      MINI-WAREHOUSE, STORAGE • 2.16 Acres
      54 Roof Ln, Towanda, PA 18848-7935
      View Details

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    • $499,000
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      Approved Land for Commercial Building

      Approved land for building, ideal for restaurant or retail.
      48 Leisure Dr, Towanda, PA 18848
      View Details

    Similar Nearby for Lease

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    Towanda, PA 18848
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    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.

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