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

    2895 Reach Rd Williamsport, PA 17701-4174

    • Investment properties
    • 4,024 SF
    • 2.15 lot acres
    OFF-MARKET
    Last Sale
    Feb 17, 2023
    $475,000
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-3462973
    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

    • RPA Inc. / Executive Search Firm
    • Boalsburg Car Company / Motor Vehicle Dealer

    Property Details for 2895 Reach Rd

    Year built
    1870
    Lot size
    2.15 lot acres
    Property size
    4,024 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    71+,009.0-0701.A+-000+
    APU
    7100900701A000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $295,000
      ML approach
      $405,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $423,000
      Market price range: $239k - $787k
      AI Estimate
      $421,000
      Market price range: $264k - $744k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $445,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Williamsport
    County
    Lycoming
    State
    Pennsylvania
    Longitude
    -77.0792
    Latitude
    41.2246
    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
    $8,765
    $64,130
    $152,500
    $216,630
    -
    $64,130
    $152,500
    $216,630

    Comparable in this City

    • Value Estimation
      $225,000
      1,316 SF

      1401 3rd St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,316 SF
      1401 3rd St, Williamsport, PA 17701-5402
      View Details
    • Value Estimation
      $150,000
      2,446 SF

      1007 Baldwin St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,446 SF
      1007 Baldwin St, Williamsport, PA 17701-3417
      View Details
    • Value Estimation
      $55,000
      875 SF

      307 Catherine St

      OFFICE/RESIDENTIAL (MIXED USE) • 875 SF
      307 Catherine St, Williamsport, PA 17701-5465
      View Details
    • Value Estimation
      $125,000
      855 SF

      1362 Clayton Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 855 SF
      1362 Clayton Ave, Williamsport, PA 17701-3852
      View Details
    • Value Estimation
      $250,000
      2,378 SF

      1910 Roosevelt Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,378 SF
      1910 Roosevelt Ave, Williamsport, PA 17701-1530
      View Details
    • Value Estimation
      $190,000
      803 SF

      4021 Bloomingrove Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 803 SF
      4021 Bloomingrove Rd, Williamsport, PA 17701-9391
      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
    • $140,000
      Pending

      Income-Producing Duplex in Williamsport, PA

      Fully occupied duplex generating consistent cash flow with 11.5% cap rate.
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    • $1,100,000

      Prime Corner Lot for Development

      1.3-acre corner lot near beltway, Lycoming College, and downtown.
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      View Details
    • $444,000
      Pending

      Mixed-Use Building in Downtown Williamsport

      9-unit mixed-use building with commercial storefront and income potential.
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    • 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
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      Williamsport Commercial Building For Sale

      Prime Location, 5168 sq ft, 0.22 acres
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      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
    • $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
    • $7 SF/Yr
      18,000 SF

      Williamsport Industrial Warehouse For Sale

      18,000 SF Warehouse, 2 Acres, 50+ Parking
      2400 Reach Rd, Williamsport, PA 17701
      View Details
    • Contact for pricing
      15,884 SF

      Lycoming Creek Road Medical Office Space

      Prime Medical Office Space Available Now
      1844 Lycoming Creek Rd, Williamsport, PA 17701
      View Details
    • Contact for pricing
      10,908 SF

      Retail Space in Loyal Plaza

      Retail space available in a busy shopping center.
      1913 E 3Rd St, Williamsport, PA 17701
      View Details
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    2895 Reach Rd
    Williamsport, PA 17701-4174
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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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