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    2008 Elmira St Sayre, PA 18840
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    2008 Elmira St, Sayre, PA 18840

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    • Investment properties
    • 0.89 lot acres
    For Lease
    $550,000
    View Listing →
    Retail Site Near High Traffic For Lease
    $550,000

    Retail Site Near High Traffic

    0.94 acre lot in retail corridor across from Walmart.

    2008 Elmira St, Sayre, PA 18840
    View Listing
    Property ID
    US73-3110790
    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
    $550,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 2008 Elmira St

    Year built
    1946
    Lot size
    0.89 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    09-020.24-082-000-000
    APU
    902024082000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 19, 2023 $550,000 Ingersoll Rand Federal Credit Union Sandra Sefcik Deed —

    Description

    This exceptional .94-acre commercial land parcel presents a unique opportunity for development in Sayre, Pennsylvania. Located at 2008 Elmira St, this single-tenant site is ideally suited for build-to-suit projects or ground lease arrangements. The property's ownership rests with a reputable developer experienced in handling diverse commercial concepts, ensuring a smooth and efficient development process. The lot's size offers ample space for a variety of commercial ventures, providing flexibility for customized designs and building plans. Situated in Bradford County, this location benefits from convenient access to key transportation routes and infrastructure, making it an attractive proposition for businesses seeking a strategic location in the Sayre area. The property is zoned for commercial use (verification of zoning regulations is recommended). This is a prime opportunity to establish a new commercial presence in a growing market. The land is ready for immediate development, eliminating lengthy site preparation delays. Interested parties are encouraged to explore the potential of this exceptional commercial land offering. The property's single-tenant nature simplifies ownership and management, making it an attractive investment for both developers and end-users. The seller's experience and willingness to collaborate on various commercial concepts further enhances the appeal of this unique opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $515,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sayre
    County
    Bradford
    State
    Pennsylvania
    Longitude
    -76.5411
    Latitude
    41.9774
    CBSA code
    42380
    CBSA name
    SAYRE, PA MICROPOLITAN 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
    $9,176
    $0.00
    $0.00
    $125,300
    -
    $0.00
    $0.00
    $250,536

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      Commercial Lot on Elmira Street

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      Retail Space in Sayre, PA

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      Residential Lot in Sayre, PA

      0.13 acre lot for residential construction in Sayre, PA.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Site Near High Traffic

      0.94 acre lot in retail corridor across from Walmart.
      2008 Elmira St, Sayre, PA 18840
      View Details
    • Contact for pricing

      Retail Space Available

      15,000 square feet of retail space for rent.
      1677 Elmira St, Sayre, PA 18840
      View Details
    • Contact for pricing
      4,334 SF

      Retail Space in Grocery-Anchored Center

      Retail spaces available in Sayre, PA near NY border.
      2900 Elmira St, Sayre, PA 18840
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      Land for Rent in Sayre

      Land available for rent at 79 N Elmer Ave, Sayre, PA.
      79 N Elmer Ave, Sayre, PA 18840
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    • Contact for pricing

      Grocery-Anchored Strip Center For Lease

      160,540 SF retail center anchored by Tops Food Mart.
      2900-3014 Elmira St, Sayre, PA 18840
      View Details
    View Listing
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    Sayre, PA 18840
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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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