Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    66 Morris Dr Mansfield, PA 16933-1327

    Property Lookup

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

    66 Morris Dr Mansfield, PA 16933-1327

    View on Map
    • Commercial real estate
    • 407,773 SF
    Off-Market
    Property ID
    US73-4883410
    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
    $35,900,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 66 Morris Dr

    Year built
    2012
    Property size
    407,773 SF
    Property type
    Commercial real estate
    APN
    23/ 06H00/ 001./ /001
    APU
    2306H00001001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $38,819,000
      Market price range: $12.2M - $38.8M
      AI Estimate
      $40,169,000
      Market price range: $9.37M - $40.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Tioga
    State
    Pennsylvania
    Longitude
    -77.071
    Latitude
    41.8066

    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
    $1,755,192
    $0.00
    $65,904,380
    $65,904,380
    -
    $0.00
    $65,904,380
    $65,904,380

    Comparable in this City

    • Value Estimation
      $3,470,000
      42,272 SF

      300 Gtwy Dr

      COMMERCIAL (GENERAL) • 42,272 SF
      300 Gtwy Dr, Mansfield, PA 16933-9653
      View Details
    • Value Estimation
      $1,575,000
      36,480 SF

      100 Novelty Pl

      COMMERCIAL (GENERAL) • 36,480 SF
      100 Novelty Pl, Mansfield, PA 16933
      View Details
    • Value Estimation by Request
      5,615 SF

      Morris Ave

      COMMERCIAL (GENERAL) • 5,615 SF
      Morris Ave, Mansfield, PA 16933
      View Details
    • Value Estimation by Request
      4,801 SF

      102 Seymour Hl Rd

      COMMERCIAL (GENERAL) • 4,801 SF
      102 Seymour Hl Rd, Mansfield, PA 16933
      View Details
    • Value Estimation by Request
      2.83 Acres

      30 Black Top Ln

      COMMERCIAL (GENERAL) • 2.83 Acres
      30 Black Top Ln, Mansfield, PA 16933-9418
      View Details
    • Value Estimation
      $2,035,000
      59,616 SF

      150 Main St

      COMMERCIAL (GENERAL) • 59,616 SF
      150 Main St, Mansfield, PA 16933-1069
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,000 SF

      Mansfield Retail Space - High Traffic!

      Prime Retail Location, 15,000 sq ft, 9.51 acres.
      1436 Main St, Mansfield, PA 16933
      View Details
    • $69,900
      2.66 Acres

      2.66 Acres on Route 6

      2.66 acres in Mansfield, PA, zoned for residential and commercial.
      16684 Route 6, Rutland, PA 16933
      View Details
    • $495,000
      1.81 Acres

      Commercially Zoned Land For Sale

      1.81 acres of commercially zoned land in Mansfield, PA.
      Mansfield PA University Dr, Mansfield, PA 16933
      View Details
    • $349,900
      19.12 Acres

      Residential Land off Route 15

      19.12 acres of residentially zoned land near Route 15.
      54 Nadalini Dr, Mansfield, PA 16933
      View Details
    • $114,900
      4.15 Acres

      Residential Land in Mansfield, PA

      4.15 acres in Mansfield with utilities available for dream home.
      - Townview Dr, Mansfield, PA 16933
      View Details
    • $495,000
      2.00 Acres

      Prime Commercial Land in Mansfield

      2 acres of commercial land in Mansfield's business corridor.
      Mansfield PA Dorsett Hts, Mansfield, PA 16933
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo
      4,356 SF

      Retail Space in Mansfield, PA

      Retail space available for lease in Mansfield, Pennsylvania.
      2 S Main St, Mansfield, PA 16933
      View Details
    • $700 /Mo

      Updated Office Space on Route 6

      Open-concept office space between Wellsboro and Mansfield on Route 6.
      13351 Route 6, Mansfield, PA 16933
      View Details
    • $500 /Mo
      1,185 SF

      Warehouse Space with Loading Dock

      1,100+ sq ft storage space with loading dock.
      81 Railroad St, Mansfield, PA 16933
      View Details
    • $400 /Mo
      1,369 SF

      Warehouse Storage with Loading Dock

      Warehouse space with loading dock available for lease.
      91 Railroad St, Mansfield, PA 16933
      View Details
    • $3,000 /Mo
      Pending

      Prime Commercial Space in Mansfield

      Large commercial space with street frontage, suitable for various businesses.
      2 S Main St, Mansfield, PA 16933
      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.
    66 Morris Dr
    Mansfield, PA 16933-1327
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!