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    46375 Us-6 Corry, PA 16407

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    46375 Us-6 Corry, PA 16407

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    • Land
    • 1.00 lot acres
    Off-Market
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    Cap Rate Potential
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    Current Use by Public Records

    • Land

    Property Details for 46375 Us-6

    Lot size
    1.00 lot acres
    Property type
    Land

    Description

    This exceptional five-acre parcel presents a unique investment opportunity in Corry, Pennsylvania. Located at a fully signalized intersection in Warren County, this commercially and residentially zoned (B-Bus) property boasts high visibility and convenient access. The land is situated near key amenities including a Super Walmart, LECOM Corry Memorial Hospital, and a Cobblestone Inn, ensuring high traffic flow and potential for significant returns. Utilities are readily available. The property's strategic location and zoning make it suitable for a variety of development projects. A smaller, sub-dividable parcel of just under an acre is also available for $410,000. The asking price for the entire five-acre tract is $1,200,000. The property's APN is CY-2-9441; CY-2-86635. This prime location in Corry, PA (zip code 16407) at 46375 US-6 offers unparalleled potential for commercial or residential development. Don't miss this chance to acquire a highly desirable property in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Corry
    County
    Warren
    State
    Pennsylvania
    Longitude
    -79.6107
    Latitude
    41.9324

    Comparable in this City

    • Value Estimation by Request

      320 Euclid St

      Land
      320 Euclid St, Corry, PA 16407
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      5.00 Acres

      46377 Us-6

      Land • 5.00 Acres
      46377 Us-6, Corry, PA 16407
      View Details
    • Value Estimation by Request

      6Th St

      Land
      0 6Th St, Corry, PA 16407
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    • Value Estimation by Request
      720 SF

      1800 Schramling Rd

      MOBILE HOME PARK, TRAILER PARK • 720 SF
      1800 Schramling Rd, Corry, PA 16407-5422
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    • Value Estimation by Request
      660 SF

      36 Swart E Ln

      MOBILE HOME PARK, TRAILER PARK • 660 SF
      36 Swart E Ln, Corry, PA 16407-3534
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    • Value Estimation by Request
      747 SF

      21 Swart W Ln

      MOBILE HOME PARK, TRAILER PARK • 747 SF
      21 Swart W Ln, Corry, PA 16407-3037
      View Details

    Similar Nearby for Sale

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      Land For Sale

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      6Th St, Corry, PA 16407
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      Mixed-Use Investment Opportunity in Corry

      14-unit mixed-use property with strong income potential.
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      Mixed-Use Investment Opportunity in Corry

      14-unit mixed-use property with strong income potential.
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      Industrial Zoned Land For Sale

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      0.21 Acres

      Secluded Residential Land in Corry

      Secluded 0.213-acre residential land for sale in Corry, PA.
      532 S 2Nd Ave, Corry, PA 16407
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    • Contact for pricing

      Five Acres of Commercial Land

      Five acres of land with utilities at signalized intersection.
      46375 Us-6, Corry, PA 16407
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    Similar Nearby for Lease

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      Corry Plaza Anchor Space Available

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      Dollar General Investment Opportunity

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    46375 Us-6
    Corry, PA 16407
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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.

    More about this property
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