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    27 Bacon St Wellsboro, PA 16901

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    27 Bacon St Wellsboro, PA 16901

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    • Commercial real estate
    • 14,365 SF
    • 1.00 lot acres
    Off-Market
    Property ID
    US73-5218308
    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

    • Commercial real estate

    Property Details for 27 Bacon St

    Year built
    2008
    Lot size
    1.00 lot acres
    Property size
    14,365 SF
    Property type
    Commercial real estate

    Description

    This remarkable 14,365 square foot property located at 27 Bacon Street in Wellsboro, Pennsylvania, presents a unique investment opportunity. The building, situated on a one-acre lot, currently features 23 units and 21 bathrooms, offering immediate income potential. An elevator provides convenient access to all levels. Ample parking is available on-site. The property's versatile layout lends itself to continued use as a residential building, or conversion into apartments or a bed and breakfast. The existing commercial kitchen and dining room, along with numerous cozy fireplaces, contribute to the building's inherent charm and potential for various uses. Modern conveniences include a laundry facility, sprinkler system, mini-split cooling units, and a generator, ensuring both comfort and safety. A large basement provides substantial storage space. The property is being offered turnkey, with furnishings included, minimizing the initial investment required to begin operations. This historic building in the heart of Wellsboro offers a rare chance to acquire a substantial property with significant upside potential. The combination of its size, amenities, and location makes it an exceptional investment opportunity.

    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
    Wellsboro
    County
    Tioga
    State
    Pennsylvania
    Longitude
    -77.29613
    Latitude
    41.7454

    Comparable in this City

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      0.73 Acres

      Prime Investment Opportunity in Wellsboro

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    • $569,000
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      Wellsboro Investment Opportunity

      Six-unit property with storefronts and apartments near Main Street.
      17 Crafton St, Wellsboro, PA 16901
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    • $44,900
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      Commercial Land in Wellsboro, PA

      Commercial lot with utilities and road frontage in Wellsboro.
      265 Tioga St, Wellsboro, PA 16901
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    • $1,795,000
      13,813 SF

      Wellsboro Retail Building For Sale

      13,813 SF retail building on 1.37-acre corner lot.
      24 Ave E, Wellsboro, PA 16901
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    • New
      $74,900
      2.00 Acres

      Land with Creek Frontage

      Vacant land near Pine Creek, Asaph Rail Trail, and State Lands.
      Route 6, Wellsboro, PA 16901
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    • $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

    Similar Nearby for Sale

    • $249,900
      0.73 Acres

      Prime Investment Opportunity in Wellsboro

      Commercial land with direct access to Pine Creek Rail Trail.
      - Fellows Ave, Wellsboro, PA 16901
      View Details
    • $569,000
      1,200 SF

      Wellsboro Investment Opportunity

      Six-unit property with storefronts and apartments near Main Street.
      17 Crafton St, Wellsboro, PA 16901
      View Details
    • $44,900
      0.42 Acres

      Commercial Land in Wellsboro, PA

      Commercial lot with utilities and road frontage in Wellsboro.
      265 Tioga St, Wellsboro, PA 16901
      View Details
    • $1,795,000
      13,813 SF

      Wellsboro Retail Building For Sale

      13,813 SF retail building on 1.37-acre corner lot.
      24 Ave E, Wellsboro, PA 16901
      View Details
    • New
      $74,900
      2.00 Acres

      Land with Creek Frontage

      Vacant land near Pine Creek, Asaph Rail Trail, and State Lands.
      Route 6, Wellsboro, PA 16901
      View Details
    • $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

    Similar Nearby for Lease

    • $12 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
    • $495 /Mo
      21,780 SF

      Prime Location Retail Space

      Great location near PA Rail Trail and downtown Wellsboro.
      9560 B Rte 6, Wellsboro, PA 16901
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    • Contact for pricing

      Expansive Industrial Building in Wellsboro

      363,170 SF industrial building with office and warehouse space.
      1 Jackson St, Wellsboro, PA 16901
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    • $1,695 /Mo
      17,860 SF

      Updated Commercial Space on Route 6

      Updated commercial space with garage on a busy business strip.
      247 Tioga St, Wellsboro, PA 16901
      View Details
    • $1,000 /Mo
      4,792 SF

      Downtown Wellsboro Commercial Rental Space

      Commercial space in downtown Wellsboro, ideal for office or retail.
      17 Crafton St, Wellsboro, PA 16901
      View Details
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    27 Bacon St
    Wellsboro, PA 16901
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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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