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    970 Plank Rd Duncansville, PA 16635

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    970 Plank Rd Duncansville, PA 16635

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    • Commercial real estate
    • 3.25 lot acres
    Off-Market
    Property ID
    US73-4155179
    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 real estate

    Property Details for 970 Plank Rd

    Lot size
    3.25 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 3.25-acre commercial land parcel presents a remarkable investment opportunity at the signalized intersection of W. Plank Rd (approx. 15,000 vehicles per day) and Patchway Rd (approx. 3,000 vehicles per day) in Duncansville, Blair County. The property, comprised of three parcels (APN: 04.00-01-021-00-000, 04.00-01-021-01-000, 04.00-01-023-00-000), is strategically located to capitalize on the high traffic volume of this thriving retail corridor. W. Plank Rd, also known as Business 220, serves as a major retail thoroughfare for Altoona, Duncansville, and Hollidaysburg, boasting approximately 15,000 vehicles daily. The site benefits from excellent visibility from Plank Rd, Route 22 (approx. 12,000 VPD), and I-99 (approx. 22,000 VPD). Its prime location offers easy access to a robust retail market featuring established businesses such as Walmart, Rutter's, TJ Maxx, Sam's Club, and Tractor Supply Co. This versatile site is suitable for a wide range of commercial uses, including but not limited to convenience stores, gas stations, fast-food restaurants, medical facilities, and automotive businesses. The property is available for purchase or land lease, making it an attractive option for various development scenarios. This is a rare opportunity to secure a high-visibility location in a rapidly growing market.

    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
    Duncansville
    County
    Blair
    State
    Pennsylvania
    Longitude
    -78.4160126
    Latitude
    40.4318519

    Comparable in this City

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      2,114 SF

      Medical Office Space Available

      Turnkey medical office spaces with high parking ratio.
      1792 Plank Rd, Duncansville, PA 16635
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    • $2,141 /Mo
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      Retail Space in Hollidaysburg Plaza

      Commercial space with high visibility and strong tenant mix.
      114 Glimcher Dr, Duncansville, PA 16635
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    Similar Nearby for Sale

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      Prime Commercial Parcel in Duncansville

      1-acre commercial parcel with high visibility and excellent access.
      202 Patchway Rd, Duncansville, PA 16635
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      Residential Land in Fox Hollow

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      Residential Land in Fox Hollow

      Land for sale in Duncansville's Fox Hollow community.
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      Residential Land in Fox Hollow

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      Residential Land in Fox Hollow

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      Residential Land in Fox Hollow

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    Similar Nearby for Lease

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      Commercial Land Ready For Development

      Prime commercial land available for development in a busy corridor.
      285 Inlows Rd, Duncansville, PA 16635
      View Details
    • Contact for pricing

      Duncansville Commercial Land For Rent

      Prime commercial land with secure storage containers for rent.
      940 Municipal Dr, Duncansville, PA 16635
      View Details
    • $1,200 /Mo
      Pending

      Duncansville Commercial Space For Rent

      Commercial space available in Duncansville, Pennsylvania.
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      915 SF

      Medical Office Space Available

      Turnkey medical office space with high traffic and ample parking.
      1718 Plank Rd, Duncansville, PA 16635
      View Details
    • Contact for pricing

      Versatile Garage Space For Rent

      Oversized garage space suitable for RV, boat, or auto-related business.
      126 Milk Shake Aly, Duncansville, PA 16635
      View Details
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    Duncansville, PA 16635
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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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