Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    342 3rd Ave Lock Haven, PA 17745-3217
    Back to Search
    Property profile & analytics

    342 3rd Ave, Lock Haven, PA 17745-3217

    View on Map
    • Warehouses
    • 6,200 SF
    • 0.23 lot acres
    Off-Market
    Last Sale Sep 27, 2022
    $65,000
    Property ID
    US73-4693842
    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

    • Warehouses

    Property Details for 342 3rd Ave

    Year built
    1964
    Lot size
    0.23 lot acres
    Property type
    Warehouses
    APN
    23-11907
    APU
    2311907

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 27, 2022 $65,000 Jm & Ct LLC Jay L Crust Deed —
    Jul 17, 2017 — Jay L Crust Jason K Crust Deed · related —
    Sep 6, 2013 — Jason K Crust Jay L Crust Intrafamily Transfer · related —

    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
    Lock Haven
    County
    Clinton
    State
    Pennsylvania
    Longitude
    -77.4612
    Latitude
    41.1279
    CBSA code
    30820
    CBSA name
    LOCK HAVEN, 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
    $3,692
    $18,600
    $48,900
    $67,500
    -
    $18,600
    $48,900
    $67,500

    Comparable in this City

    • Value Estimation
      $11,625,000
      565,300 SF

      2209 Youngdale Rd

      WAREHOUSE, STORAGE
      2209 Youngdale Rd, Lock Haven, PA 17745
      View Details
    • Value Estimation by Request
      12,948 SF

      108 Clinton St

      WAREHOUSE, STORAGE
      108 Clinton St, Lock Haven, PA 17745-2536
      View Details
    • Value Estimation
      $950,000
      43,813 SF

      37 Locust St

      WAREHOUSE, STORAGE
      37 Locust St, Lock Haven, PA 17745-9602
      View Details
    • Value Estimation by Request
      7,544 SF

      87 Allison St

      WAREHOUSE, STORAGE
      87 Allison St, Lock Haven, PA 17745-3001
      View Details
    • Value Estimation by Request
      4,000 SF

      36 Bald Eagle St

      MINI-WAREHOUSE, STORAGE
      36 Bald Eagle St, Lock Haven, PA 17745-2020
      View Details
    • Value Estimation by Request
      3,600 SF

      407 Derr Hl Rd

      WAREHOUSE, STORAGE
      407 Derr Hl Rd, Lock Haven, PA 17745-8515
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      737,384 SF

      Lock Haven Warehouse and Land

      Spacious warehouse with land, ideal for storage and distribution.
      820 E Bald Eagle St, Lock Haven, PA 17745
      View Details
    • $299,000
      3.19 Acres

      Commercial Lot in McElhattan, PA

      3.19 acre commercial lot ready for development.
      01-0020 Wellness Ln, Lock Haven, PA 17745
      View Details
    • $199,000

      Lock Haven Multifamily Investment Property

      Multifamily property in Lock Haven with income potential.
      316 North Grove St, Lock Haven, PA 17745
      View Details
    • $199,000
      2.47 Acres

      Commercial Lot in McElhattan, PA

      2.47-acre commercial lot suitable for retail or light industrial use.
      01-0021 Wellness Ln, Lock Haven, PA 17745
      View Details
    • Contact for pricing

      Cleared Commercial Land at Highway Exit

      Flat, construction-ready parcel with high daily traffic visibility for retail and food-service development.
      41-A-03 Pine Mountain Rd, Lock Haven, PA 17745
      View Details
    • Contact for pricing
      54,788 SF

      Grocery-Anchored Shopping Center For Sale

      54,788 SF shopping center in Lock Haven, Pennsylvania.
      120 E Walnut St, Lock Haven, PA 17745
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office/Retail Plaza Near UPMC Center

      Office and retail suites available near UPMC Outpatient Center.
      1 Outlet Ln, Lock Haven, PA 17745
      View Details
    • Contact for pricing
      904,741 SF

      Lock Haven Retail/Office Space

      Retail and office suites available near UPMC Outpatient Center.
      1 Outlet Ln, Lock Haven, PA 17745
      View Details
    • Contact for pricing
      904,741 SF

      Lock Haven Commercial Space Available

      Office and retail suites available in Lock Haven, PA.
      1 Outlet Ln, Lock Haven, PA 17745
      View Details
    • Contact for pricing
      81,457 SF

      Lock Haven Professional Office Suites

      Economical, well-maintained office suites in a recognizable Lock Haven building.
      24 Cree Dr, Lock Haven, PA 17745
      View Details
    • Contact for pricing
      81,457 SF

      Lock Haven Office Suites

      Professional office suites available in Lock Haven, Pennsylvania.
      24 Cree Dr, Lock Haven, PA 17745
      View Details
    • Contact for pricing
      81,457 SF

      Turnkey Office Suite in Lock Haven

      Well-maintained office space ideal for medical or professional use.
      24 Cree Dr, Lock Haven, PA 17745
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    342 3rd Ave
    Lock Haven, PA 17745-3217
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    342 3rd Ave, Lock Haven, PA, 17745
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!