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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1935 Waddle Rd State College, PA 16803-1639

    • Hotels
    • 2.14 lot acres
    OFF-MARKET
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-3268325
    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

    • SpringHill Suites State College / Hotel

    Property Details for 1935 Waddle Rd

    Lot size
    2.14 lot acres
    Property type
    Hotels
    Property subtype
    Motels
    APN
    18-018-,002C,0005-
    APU
    18018002C0005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

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

    Location Insight

    • Map
    • Local Demand
    City
    State College
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.897
    Latitude
    40.8169
    CBSA code
    44300
    CBSA name
    STATE COLLEGE, PA METROPOLITAN STATISTICAL AREA

    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
    $77,889
    $107,000
    $1,091,400
    $1,198,400
    -
    $214,000
    $2,182,800
    $2,396,800

    Comparable in this City

    • Value Estimation
      $330,000
      1.93 Acres

      1925 Waddle Rd

      HOTEL/MOTEL • 1.93 Acres
      1925 Waddle Rd, State College, PA 16803-1639
      View Details
    • Value Estimation by Request

      215 Innovation Blvd

      HOTEL/MOTEL
      215 Innovation Blvd, State College, PA 16803-6603
      View Details
    • Value Estimation
      $295,000
      1.91 Acres

      2215 Atherton St

      HOTEL/MOTEL • 1.91 Acres
      2215 Atherton St, State College, PA 16803-1529
      View Details
    • Value Estimation by Request

      111 Vlg Dr

      HOTEL/MOTEL
      111 Vlg Dr, State College, PA 16803-2923
      View Details
    • Value Estimation
      $1,210,000
      0.44 Acres

      1275 Atherton St

      HOTEL/MOTEL • 0.44 Acres
      1275 Atherton St, State College, PA 16803-2984
      View Details
    • Value Estimation
      $1,450,000
      0.66 Acres

      1040 Atherton St

      HOTEL/MOTEL • 0.66 Acres
      1040 Atherton St, State College, PA 16803-2976
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      68,633 SF

      Retail Space Near Penn State

      68,633 SF retail space in State College, PA.
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      View Details
    • $3,985,000
      15 SF

      Land with Approved Development Plan

      15.7 acres approved for residential and commercial development.
      High Tech Rd, State College, PA 16803
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    • $1,600,000

      State College Commercial Space Available

      Well-maintained commercial space with flexible layout and ample parking.
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    • $3,200,000
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      State College Medical Office Building

      Class A medical office, owner-user opportunity.
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    • $7,400,000
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      Atherton St Retail Investment

      High-yield multi-tenant retail property.
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    • $1,600,000
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      Atherton Street Office Building

      Prime State College Office Space - Drive-Thru Available
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    Similar Nearby for Lease

    • Contact for pricing
      7,026 SF

      Class A Office Space Available

      7,026 SF office space for rent in State College.
      331 Innovation Blvd, State College, PA 16803
      View Details
    • Contact for pricing
      16,000 SF

      Atherton Street Retail Center

      State College prime retail space available.
      1430 Atherton St, State College, PA 16803
      View Details
    • $23 SF/Yr
      3,600 SF

      State College Office Space - 3600 SF

      Prime State College office, single tenant, 3600 sq ft.
      2505 Green Tech Dr, State College, PA 16803
      View Details
    • $23 SF/Yr
      6,217 SF

      State College Medical Office Space

      Prime Medical Office, 6,217 sq ft, I-99 access.
      2520 Green Tech Dr, State College, PA 16803
      View Details
    • $18 SF/Yr
      72,310 SF

      Office Space For Lease

      Office space for lease in a visible location.
      2014 Sandy Dr, State College, PA 16803
      View Details
    • Contact for pricing
      22,320 SF

      Mixed-Use Development Opportunity

      Proposed mixed-use development near Penn State University.
      132 Franklin Manor Ln, State College, PA 16803
      View Details

    Property Visit Statistics

    • Visits by month
      5.1k
    • Visitors by month
      2.9k
    • Avg Time on site
      474 min
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    1935 Waddle Rd
    State College, PA 16803-1639
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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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