Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    120 Plaza Ln Wellsboro, PA 16901

    • Commercial real estate
    • 66,504 SF
    • 8.80 lot acres
    For Sale
    View listing
    $4,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-4877921
    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 120 Plaza Ln

    Year built
    1975
    Lot size
    8.80 lot acres
    Property size
    66,504 SF
    Property type
    Commercial real estate
    APN
    39/ 09D00/ 010A/ /000
    APU
    3909D00010A000

    Description

    This exceptional investment opportunity presents a 67,277-square-foot Class B property in Wellsboro, Pennsylvania. Located at 120 Plaza Ln, this multi-tenant center features a blend of medical and municipal tenants, occupying 80% of the 23,296 square feet of net rentable space as of June 22, 2023. The property sits on an 8.8-acre lot and includes 344 parking spaces. Built in 1975, the single-story building offers a mix of 23 indoor and outdoor storefronts, plus two additional pad sites with development or sales potential. The property is offered at $4,500,000 with a 7.5% cap rate, indicating significant upside potential. A comprehensive package including demographics, traffic studies, environmental reports, and rent roll is available to qualified buyers upon execution of a confidentiality agreement. The property's APN is 39-09D00-010A. This NNN-leased property presents a strong value-add opportunity in a well-maintained community plaza. The property is categorized as both Executive Office and Shopping Center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,718,000
      Market price range: $1.99M - $6.60M
      AI Estimate
      $4,208,000
      Market price range: $1.96M - $7.09M

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

    Location Insight

    • Map
    • Local Demand
    City
    Wellsboro
    County
    Tioga
    State
    Pennsylvania
    Longitude
    -77.2813
    Latitude
    41.7446

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $115,359
    $211,950
    $4,161,280
    $4,373,230
    -
    $211,950
    $4,161,280
    $4,373,230

    Comparable in this City

    • Value Estimation by Request
      2.00 Acres

      Corky Rd

      COMMERCIAL (GENERAL) • 2.00 Acres
      Corky Rd, Wellsboro, PA 16901
      View Details
    • Value Estimation
      $4,170,000
      56,125 SF

      10 Cole St

      COMMERCIAL (GENERAL) • 56,125 SF
      10 Cole St, Wellsboro, PA 16901-1239
      View Details
    • Value Estimation
      $3,070,000
      72,960 SF

      21 Grant St

      COMMERCIAL (GENERAL) • 72,960 SF
      21 Grant St, Wellsboro, PA 16901-1944
      View Details
    • Value Estimation
      $7,780,000
      84,312 SF

      9 Nichols St

      COMMERCIAL (GENERAL) • 84,312 SF
      9 Nichols St, Wellsboro, PA 16901-1122
      View Details
    • Value Estimation by Request
      528 SF

      Rte 287

      COMMERCIAL (GENERAL) • 528 SF
      Rte 287, Wellsboro, PA 16901
      View Details
    • Value Estimation by Request
      14,365 SF

      27 Bacon St

      Commercial real estate • 14,365 SF
      27 Bacon St, Wellsboro, PA 16901
      View Details

    Similar Nearby for Sale

    • $65,000
      3.00 Acres

      Land Near Downtown Wellsboro

      Three-acre lot near downtown Wellsboro with utilities available.
      Niles Rd, Wellsboro, PA 16901
      View Details
    • $349,900
      Pending

      Wellsboro Land Parcel For Sale

      67 acre parcel of pasture land near Wellsboro, Pennsylvania.
      00 Stony Fork Rd, Wellsboro, PA 16901
      View Details
    • $598,000
      238.70 Acres

      Tioga County Land for Recreation

      238.7 acres in Tioga County, Pennsylvania, for recreation and hunting.
      Maier Ln, Middlebury Center, PA 16901
      View Details
    • $44,900
      0.42 Acres

      Wellsboro Commercial/Residential Lot For Sale

      Commercial or residential lot with utilities in Wellsboro, Pennsylvania.
      265 Tioga St, Wellsboro, PA 16901
      View Details
    • $389,900
      0.93 Acres

      Wellsboro Commercial Office Building on Route 6

      Commercial office building suitable for medical or general office use.
      11822 Route 6, Stonyfork, PA 16901
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      3,485 SF

      Updated Commercial Space in Wellsboro

      Updated commercial space near Main Street, Wellsboro, PA.
      16 Water St, Wellsboro, PA 16901
      View Details
    • $700 /Mo

      Downtown Wellsboro Office Space Available

      Second-floor office space in downtown Wellsboro with included utilities.
      78 Main St, Wellsboro, PA 16901
      View Details
    • New
      $14 SF/Yr
      59,677 SF

      Wellsboro Retail Building with Drive-Through

      13,813 SF retail building on 1.37-acre corner lot.
      24 East Ave, Wellsboro, PA 16901
      View Details
    • Contact for pricing
      364,081 SF

      Prime Wellsboro Industrial Space

      Massive industrial space, flexible layouts, immediate occupancy.
      1 Jackson St, Wellsboro, PA 16901
      View Details
    • New
      $400 /Mo

      Downtown Wellsboro Office Space

      Second-floor office space in downtown Wellsboro. Utilities included.
      78 Main St, Wellsboro, PA 16901
      View Details
    • New
      $400 /Mo

      Downtown Wellsboro Office Space

      Second-floor office space in downtown Wellsboro with utilities included.
      78 Main St, Wellsboro, PA 16901
      View Details
    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.
    120 Plaza Ln
    Wellsboro, PA 16901
    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

    Google sign-in failed. Please try again or use another login method.