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    Property profile & analytics

    10087 Mountain Rd Grantville, PA 17028

    • Commercial real estate
    • 39.00 lot acres
    For Sale
    View listing
    $663,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0384515
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 10087 Mountain Rd

    Lot size
    39.00 lot acres
    Property type
    Commercial real estate
    APN
    25-005-005

    Description

    This exceptional 39-acre parcel of land presents a unique investment opportunity in Grantville, Pennsylvania. Located at 10087 Mountain Road (Route 443), this property enjoys a highly desirable position directly across from the Penn National Racetrack and Hollywood Casino, ensuring high visibility and accessibility. Its proximity to Interstate 81 (Exit 80), less than two miles away, provides excellent connectivity to regional transportation networks. The property is zoned for Commercial Recreation, making it ideally suited for developments that complement the existing entertainment and hospitality infrastructure of the area. The Assessed Parcel Number (APN) is 25-005-005. The asking price for this significant land holding is $663,000. Proposals aligning with the existing commercial landscape near Penn National Racetrack and Hollywood Casino will be given strong consideration. This is a rare chance to acquire a substantial tract of land in a thriving location with significant development potential. The property's size and strategic location offer a compelling investment opportunity for those seeking to capitalize on the area's robust tourism and entertainment sector.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Grantville
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.662457
    Latitude
    40.401731

    Comparable in this City

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      Prime Route 22 location, high ROI.
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    • $849,000
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      Grantville Commercial Property Trio

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      409 Bow Creek Rd, Grantville, PA 17028
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    • $135,000
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      Two-Acre Homesite in Grantville, PA

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    • $135,000
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      Two-Acre Homesite in Grantville, PA

      Serene 2-acre vacant lot in Lower Dauphin School District.
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    • $5,995,000
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      Prime Grantville Horse Farm

      48 Acres, Development Potential
      101 Homestead Rd, Grantville, PA 17028
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    • $389,900
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      10+ Acre Land Parcel

      10.14 acre lot ready for a custom dream home.
      155 N Crawford Rd -, Grantville, PA 17028
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    Similar Nearby for Sale

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    • $849,000
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      Grantville Commercial Property Trio

      High-traffic location, mixed-use potential.
      409 Bow Creek Rd, Grantville, PA 17028
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    • $599,000
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      Grantville Hospitality Complex

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      9969 Allentown Blvd Ft, Fort Indiantown Gap, PA 17028
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    • $135,000
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      Two-Acre Homesite in Grantville, PA

      Build your dream home on a beautiful 2-acre homesite.
      Station Rd, Grantville, PA 17028
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    • $135,000
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      Two-Acre Homesite in Grantville, PA

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    • $5,995,000
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      Prime Grantville Horse Farm

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      101 Homestead Rd, Grantville, PA 17028
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      43,560 SF

      604 Station Rd

      Land • 1.00 Acre
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      127,631 SF

      Prime Commercial Land, Dauphin County

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    • Contact for pricing
      2 SF

      Prime Land Near I-81

      2.68 acres available off I-81 near Hollywood Casino.
      409 Ridge Rd, Grantville, PA 17028
      View Details
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    10087 Mountain Rd
    Grantville, PA 17028
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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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