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    2421 Columbia Blvd Bloomsburg, PA 17815
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    2421 Columbia Blvd, Bloomsburg, PA 17815

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    • Neighborhood centers
    • 126,742 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • LCBC Columbia-Montour / Church

    Property Details for 2421 Columbia Blvd

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Bloomsburg Plaza, located at 2421 Columbia Blvd in Bloomsburg, Pennsylvania (zip code 17815), offers exceptional retail leasing opportunities. This strip center totals 126,742 square feet and features multiple tenancies. Currently, there are two spaces available, ranging from a minimum of 3,000 square feet to a maximum contiguous space of 7,285 square feet. A total of 10,282 square feet is currently vacant, presenting a significant opportunity for expansion or new business ventures. The property is situated in Columbia County, Pennsylvania, offering convenient access for customers and employees. The flexible space options cater to a variety of business needs, making Bloomsburg Plaza an ideal location for retailers seeking a prominent presence in a thriving community. The property's size and layout provide ample room for various retail concepts, ensuring a comfortable shopping experience for customers. Interested parties are encouraged to inquire about available space and lease terms. This is a prime opportunity to establish or expand your retail business in a well-located and established center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bloomsburg
    County
    Columbia
    State
    Pennsylvania
    Longitude
    -76.4141
    Latitude
    41.0111

    Comparable in this City

    • Value Estimation by Request
      10.60 Acres

      1879 Columbia Blvd

      Lifestyle centers
      1879 Columbia Blvd, Bloomsburg, PA 17815
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      23,678 SF

      11001 Scott Town Ctr

      Retail properties & Spaces
      11001 Scott Town Ctr, Bloomsburg, PA 17815
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      38,500 SF

      164 9Th St

      Office Spaces
      164 9Th St, Bloomsburg, PA 17815
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    • Value Estimation by Request
      4,685 SF

      11 Ricky Ave

      Restaurants
      11 Ricky Ave, Bloomsburg, PA 17815
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    • Value Estimation by Request

      Bloomsburg, PA 17815

      RETAIL STORES (PERSONAL SERVICES)
      Bloomsburg, PA 17815
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    • Value Estimation by Request
      25.27 Acres

      100 Lunger Dr

      RETAIL STORES (PERSONAL SERVICES)
      100 Lunger Dr, Bloomsburg, PA 17815-8330
      View Details

    Similar Nearby for Sale

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      2,200 SF

      Freestanding Starbucks in Bloomsburg, PA

      Single tenant Starbucks with minimal landlord responsibilities in Bloomsburg, PA.
      275 Columbia Mall Dr, Bloomsburg, PA 17815
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      23,678 SF

      Bloomsburg Retail Center For Sale

      23,678 SF retail center on 4.78 acres.
      11001 E Scott Town Ctr, Bloomsburg, PA 17815
      View Details
    • Contact for pricing

      83,960 SF Shopping Center

      Shopping center with national tenants and upside potential.
      76 Lunger Dr, Bloomsburg, PA 17815
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    • Contact for pricing

      Highway Commercial Land For Sale

      23 +/- acres of highway commercial land for sale.
      Columbia Blvd, Bloomsburg, PA 17815
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    • Contact for pricing
      4,050 SF

      Mixed-Use Building with Parking

      Four-unit mixed-use building with on-site parking.
      1001 Old Berwick Rd, Bloomsburg, PA 17815
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    Similar Nearby for Lease

    • $6 SF/Yr

      Bloomsburg Mixed-Use Property For Rent

      Mixed-use property in a thriving neighborhood shopping district, flexible unit sizes.
      164 W 9Th St, Bloomsburg, PA 17815
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    • Contact for pricing

      Cinema Center Space Available

      Retail, medical, office, warehouse space for lease.
      1879 Columbia Blvd, Bloomsburg, PA 17815
      View Details
    • Contact for pricing

      Versatile Retail/Office Space Available

      Adaptable commercial space in a high-traffic Bloomsburg location.
      164 W 9Th St, Bloomsburg, PA 17815
      View Details
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    Bloomsburg, PA 17815
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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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