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    1626 Riverside Dr South Williamsport, PA 17702

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    1626 Riverside Dr South Williamsport, PA 17702

    View on Map
    • Distribution centers
    • 28,430 SF
    • 0.43 lot acres
    Off-Market
    Property ID
    US73-3396509
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Distribution centers

    Property Details for 1626 Riverside Dr

    Year built
    1901
    Lot size
    0.43 lot acres
    Property size
    28,430 SF
    Property type
    Distribution centers
    Property subtype
    Manufacturing properties

    Description

    This exceptional industrial property, located at 1626 Riverside Drive in South Williamsport, Pennsylvania, presents a compelling investment opportunity. The 28,430 square foot building sits on a 0.43-acre lot and is zoned Highway Commercial (HC), offering significant flexibility for a variety of commercial uses. Constructed in 1901 and renovated 25 years ago, the two-story structure features a blend of functional spaces. The first floor is ideally suited for manufacturing operations, while the second floor provides ample office space and storage, creating a seamless workflow. The property includes one loading dock and one dock-high door, facilitating efficient loading and unloading. The asking price is $1,200,000, translating to $42.21 per square foot. This single-tenant building offers a unique combination of historical character and modern functionality, making it an attractive prospect for businesses seeking a well-established location in Lycoming County, PA (zip code 17702). The property's prime location and versatile zoning provide a strong foundation for future growth and profitability. This is a rare opportunity to acquire a substantial industrial property in a desirable Pennsylvania location. The property's size, zoning, and existing infrastructure make it an ideal candidate for a range of commercial ventures. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    South Williamsport
    County
    Lycoming
    State
    Pennsylvania
    Longitude
    -77.0154635
    Latitude
    41.22702

    Comparable in this City

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      Versatile commercial property with garage, office, and carwash.
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    • $39,000
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      Residential Land with City View

      1.09 acre lot to build your dream home.
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    • $244,900
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      High-Visibility Duboistown Commercial Site

      Prime location, great potential, affordable price.
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      Commercial Space in High Traffic Location

      Commercial space suitable for a restaurant or business with income potential.
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    • $69,900
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      Residential Land in S. Williamsport

      3.04 acres for building a dream home.
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    Similar Nearby for Sale

    • $275,000
      8,096 SF

      Spacious Warehouse on Busy Street

      Large commercial space suitable for warehouse, garage, or studio.
      802 W Southern Ave, Williamsport, PA 17702
      View Details
    • $225,000
      3,544 SF

      Duboistown Commercial Property with Carwash

      Versatile commercial property with garage, office, and carwash.
      2710 Brook St, Duboistown, PA 17702
      View Details
    • $244,900
      1,225 SF

      High-Visibility Duboistown Commercial Site

      Prime location, great potential, affordable price.
      2710 Euclid Ave, Duboistown, PA 17702
      View Details
    • $385,000
      3,796 SF

      Commercial Space in High Traffic Location

      Commercial space suitable for a restaurant or business with income potential.
      32 W Southern Ave, Williamsport, PA 17702
      View Details
    • $69,900
      2.20 Acres

      Residential Land in S. Williamsport

      3.04 acres for building a dream home.
      321 W 8Th Ave, S Williamsport, PA 17702
      View Details
    • $39,000
      1.09 Acres

      Residential Land with City View

      1.09 acre lot to build your dream home.
      W 8Th Ave, S Williamsport, PA 17702
      View Details
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    South Williamsport, PA 17702
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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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