New search
Property profile & analytics
FOR LEASE
Warehouses
535 E 3Rd St, Williamsport, PA 17701
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-3570419
For Lease
1 / 6
$1,025,000
535 E 3Rd St, Williamsport, PA 17701
View Listing →
Property summary
AI-generated overview
This exceptional commercial property, located at 535 E 3rd St, Williamsport, PA 17701, presents a unique investment opportunity. The 40,000 square foot building, constructed in 1970, boasts a versatile layout suitable for retail, office, and warehouse uses. The two-story structure sits on a 1.47-acre lot and features 12-15 foot ceiling heights, providing ample space and flexibility for various business needs. The property includes 65 parking spaces, a significant advantage in a high-traffic area with convenient highway access. The building is currently vacant, offering immediate occupancy for a new owner. Its CS zoning designation allows for a range of commercial uses. The property's APN is 69-6-306, 69-006-307. Significant upgrades include the recent installation of new solar panels in 2023, offering potential energy cost savings. This multi-unit building presents a compelling opportunity for investors seeking a substantial and adaptable commercial space in a thriving Pennsylvania location. The asking price for this prime commercial real estate is $2,800,000.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Total area
10,300 SF
Lot
1.18 ac (51,401 SF)
Zoning code
COMM
APN
69+,006.0-0306.00-000+
UPID
US73-3570419
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Davis Insurance Agency, LLC Insurance Agency
-
SOS Staffing Services Employment Agency
-
Miele Sales & Service Building Supply Electrical Service
-
MCM Elements Tech Support Center (Bike/Boat/Book/etc) Store
-
Don Patron Mexican Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.03M
Owner & transaction history
Round World Properties LLC · 1 yrs held
Round World Properties LLC
since 2024
2 recorded transactions
Zoning & alternative use
COMM · Williamsport, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.4M
+142.6%
Commercial (general)
$1.3M
+129.7%
Office building
$1.1M
+100.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Williamsport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Williamsport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,215,000
6.5%
$1,125,000
7%
$1,045,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,380,000
Change: +143% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,305,000
Change: +130% · Conversion: Difficult
OFFICE BUILDING
$1,140,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$880,000
Change: +55% · Conversion: Easy
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$100 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$32,144
Tax year 2024
Assessed value
$794,470
Assessed 2024
Previous assessed
$794,470
+0.0% YoY
Effective rate
4.05%
On assessed value
Assessed land
$102,480
Assessed improvement
$691,990
Land market value
$102,480
Improvement market value
$691,990
Total market value
$794,470
Applied tax rate
69.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1970
Heating
NONE
Total area
10,300 SF
Lot
1.18 ac (51,401 SF)
Zoning code
COMM
APN
69+,006.0-0306.00-000+
UPID
US73-3570419
Jurisdiction
LYCOMING
Zoning & alternative use
COMM · Williamsport, PA
Zoning COMM · permitted uses
COMM · Williamsport, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Williamsport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$880,000
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Lot
1.18 ac
Current owner
From public records · entity-resolved
Round World Properties LLC
Entity
Mailing address
66 MALL PKWY, MUNCY, PA 17756-1812
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
$1,800,000
Round World Properties LLC
Lbm Properties LP
Special Warranty Deed
$125,000 · Lbm Properties LP
Jan 9, 2018
—
Lbm Properties LP
—
Deed
related
$500,000 · M & T Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
