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    55 Pierce Ln Montoursville, PA 17754
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    55 Pierce Ln, Montoursville, PA 17754

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    • Commercial land
    For Sale
    $1,950,000
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    Montoursville Corner Commercial Opportunity For Sale
    $1,950,000
    21,942 SF

    Montoursville Corner Commercial Opportunity

    3.4 acre corner lot with redevelopment potential.

    55 Pierce Ln, Montoursville, PA 17754
    View Listing
    Property ID
    US73-3846755
    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 land

    Property Details for 55 Pierce Ln

    Property type
    Commercial land
    Property subtype
    Shopping centers

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 28, 2018 — Dreibelbis Road State College LP — Deed · related $800k · Jersey Shore State Bank
    Feb 28, 2018 $900,000 Dreibelbis Road State College I LP Timothy A Tate Deed —

    Description

    Prime corner for sale/lease on 3.4 acres on Fairfield Dr. and Lycoming Mall Dr, Montoursville. The lot is on a signalized corner between Montoursville and Muncy. It's an ideal redevelopment opportunity or assume a multi-tenant investment property. The site currently consists of 5 commercial buildings and 2 residential buildings with a total of 21,942 rentable sf. Sale price is $2,100,000 or land lease price is negotiable. Contact us for more details at 717-843-5555. The property is on the signalized corner of Fairfield Rd (5,869 VPD) & Lycoming Mall Drive (6,283 VPD) extends from Muncy, thorough Montoursville before joining I-180 (28,000 VPD), a major throughfare in North Central PA. The Williamsport Regional Airport is only 3 miles away. There are 113,605 people in 47,022 homes with a median household income of $60,494 in Lycoming County. The Williamsport Regional Airport is only 3 miles away. Pennsylvania College of Technology and UPMC are some of the largest employers in the area. Lycoming County is home to the Little League World Series as well as Lycoming College and Pennsylvania College of Technology. The LLWS has had over 40,000 attendees while Lycoming College and Penn College are home to over 6,000 students combined.

    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
    Montoursville
    County
    Lycoming
    State
    Pennsylvania
    Longitude
    -76.894028
    Latitude
    41.246246

    Comparable in this City

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      Montoursville Commercial Building For Sale

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      Montoursville Commercial Garage & Land

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      Montoursville Commercial Land Opportunity

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      Montoursville Commercial Space Available

      Former medical space suitable for retail, industrial, office, hospitality.
      780 Broad St, Montoursville, PA 17754
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      Mixed-Use Building with Retail, Office, Warehouse

      Class A building offering retail, office, and warehouse space.
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    • $4,200,000
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      Montoursville Commercial Building For Sale

      Class A building with retail, office, and warehouse space.
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      1,342 SF

      Montoursville Commercial Garage & Land

      Spacious garage, 3 acres, prime location.
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    Similar Nearby for Lease

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      Prime Corner Redevelopment Opportunity

      3.4-acre corner lot suitable for redevelopment or investment.
      55 Pierce Ln, Montoursville, PA 17754
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      Land Parcel on Lycoming Mall

      1-20 acre parcel for sale or lease in Montoursville, PA.
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      Brushy Ridge Road Commercial Land

      1.7-acre parcel suitable for industrial or commercial use.
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      12.55 Acres Commercial Development Site

      Approved commercial, residential, office, and hospitality development site.
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      118,048 SF

      Montoursville Commercial Space Available

      Retail, office, and warehouse spaces for rent in Montoursville.
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      32,234 SF

      Montoursville Retail/Office Space Available

      Retail/office space in Montoursville with great visibility and parking.
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    View Listing
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    Montoursville, PA 17754
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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.

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