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

    1959 3rd St Williamsport, PA 17701-3901

    • Hotels
    • 9,918 SF
    • 1.15 lot acres
    OFF-MARKET
    Value Estimations
    $830,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-3838119
    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

    • Comfort Inn Williamsport / Hotel & Motel

    Property Details for 1959 3rd St

    Year built
    2009
    Lot size
    1.15 lot acres
    Property size
    9,918 SF
    Zone code
    COMM
    Property type
    Hotels
    Property subtype
    Motels
    APN
    26+,006.0-0100.00-000+
    APU
    260060010000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $885,000
      6.5%
      $815,000
      7%
      $755,000

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $885,000
      Current use
      COMMERCIAL (GENERAL)
      $1,250,000
      Change: +41% Conversion: Difficult
      RESTAURANT
      $1,190,000
      Change: +34% Conversion: Difficult
      MEDICAL BUILDING
      $1,090,000
      Change: +23% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,085,000
      Change: +23% Conversion: Difficult
      OFFICE BUILDING
      $1,075,000
      Change: +21% Conversion: Difficult
      RETAIL STORES
      $1,075,000
      Change: +21% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $850,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Williamsport
    County
    Lycoming
    State
    Pennsylvania
    Longitude
    -76.9596
    Latitude
    41.2485
    CBSA code
    48700
    CBSA name
    WILLIAMSPORT, 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
    $76,055
    $275,520
    $3,127,400
    $3,402,920
    -
    $275,520
    $3,127,400
    $3,402,920

    Comparable in this City

    • Value Estimation
      $3,480,000
      15,880 SF

      104 Maynard St

      HOTEL/MOTEL • 15,880 SF
      104 Maynard St, Williamsport, PA 17701-5809
      View Details
    • Value Estimation
      $700,000
      1,918 SF

      328 Ct St

      HOTEL/MOTEL • 1,918 SF
      328 Ct St, Williamsport, PA 17701-6280
      View Details
    • Value Estimation by Request
      1,572 SF

      639 3rd St

      HOTEL/MOTEL • 1,572 SF
      639 3rd St, Williamsport, PA 17701-5318
      View Details
    • Value Estimation by Request
      1,098 SF

      2200 Lycoming Crk Rd

      HOTEL/MOTEL • 1,098 SF
      2200 Lycoming Crk Rd, Williamsport, PA 17701-1122
      View Details
    • Value Estimation by Request
      1,910 SF

      2961 Lycoming Crk Rd

      HOTEL/MOTEL • 1,910 SF
      2961 Lycoming Crk Rd, Williamsport, PA 17701-1028
      View Details
    • Value Estimation
      $965,000
      11,654 SF

      10 Church St

      HOTEL/MOTEL • 11,654 SF
      10 Church St, Williamsport, PA 17701-6504
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Dewey Avenue Commercial Gem

      Williamsport Mixed-Use Building, 5100 SF
      1743 Dewey Ave, Williamsport, PA 17701
      View Details
    • $375,000

      Williamsport Bar/Restaurant for Sale

      Downtown Business, Liquor License Included
      135 3Rd St, Williamsport, PA 17701
      View Details
    • Contact for pricing
      1.42 Acres

      Williamsport Commercial Land Opportunity

      Prime Retail Lot, Build-to-Suit Available
      20 Liberty Ln, Williamsport, PA 17701
      View Details
    • $399,000
      5,168 SF

      Williamsport Commercial Building For Sale

      Prime Location, 5168 sq ft, 0.22 acres
      1743 Dewey Ave, Williamsport, PA 17701
      View Details
    • $795,000
      10,270 SF

      Williamsport Retail Building in CBD

      10,270 SF retail building in Williamsport's central business district.
      416 W 3Rd St, Williamsport, PA 17701
      View Details
    • $215,000

      Established Tax Business For Sale

      Successful tax business for sale with client list and equipment.
      1307 Washington Blvd, Williamsport, PA 17701
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Retail Space with Pylon Signage

      Retail space with ample parking and high traffic volume.
      1811 Roosevelt Ave, Williamsport, PA 17701
      View Details
    • $20 SF/Yr
      5,950 SF

      Williamsport Warehouse: 5,950 SF

      Prime Williamsport warehouse, 12.55 acres.
      1734 3Rd St, Williamsport, PA 17701
      View Details
    • Contact for pricing
      5,974 SF

      Shopping Center Space Available

      Retail space in a well-positioned shopping center.
      1915 E 3Rd St, Williamsport, PA 17701
      View Details
    • $120,000
      43,560 SF

      1520 Washington Blvd & 300 Shiffler Ave

      Land • 1.00 Acre
      3rd St & Washington Blvd, Williamsport, PA 17701
      View Details
    • $6,880,734
      6,049 SF

      Prime Location Retail Opportunity

      Retail space in strategic location with high traffic volume.
      164 Maynard St, Williamsport, PA 17701
      View Details
    • $14 SF/Yr
      37,100 SF

      Academy Street Executive Offices

      Prime Williamsport Office Space Available
      227 Academy St, Williamsport, PA 17701
      View Details

    Property Visit Statistics

    • Visits by month
      12.2k
    • Visitors by month
      11.1k
    • Avg Time on site
      21 min
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    1959 3rd St
    Williamsport, PA 17701-3901
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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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