Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    9969 Allentown Blvd Grantville, PA 17028
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9969 Allentown Blvd Grantville, PA 17028

    View on Map
    • Motels
    • 4,000 SF
    For Sale
    $599,000
    View Listing →
    Hospitality, Land, Retail For Sale
    $599,000
    4,000 SF

    Hospitality, Land, Retail

    Motels · 4,000 SF

    9969 Allentown Blvd, Grantville, PA 17028
    View Listing
    Property ID
    US73-0194674
    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

    • Motels

    Property Details for 9969 Allentown Blvd

    Year built
    1950
    Property size
    4,000 SF
    Property type
    Motels
    Property subtype
    Commercial land

    Description

    Excellent location along Route 22 in Grantville, Pennsylvania, offering a prime opportunity for investment in a fresh hospitality, retail, or multi-tenant development. The 1.57-acre lot also includes additional land that can be earmarked for potential development. The Commercial Highway Zoning permits the establishment of hotels, restaurants, and vehicle-related businesses such as car rental or sales. The property currently is in use as an 8-unit extended stay weekly rental motel, which is often fully occupied, and it includes two mobile homes that generate income. Development of the lands above will increase value substantially. This property is conveniently situated just a mile from the bustling Hollywood Casino and Racetrack, making this an ideal location for a hotel/restaurant redevelopment opportunity. Hollywood Casino and Racetrack offers an array of restaurants, live entertainment, slots, poker, and various table games and employs over 3,000 people annually.

    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
    Grantville
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.6474789
    Latitude
    40.3715395

    Comparable in this City

    • Contact for pricing
      Pending

      Prime Land in East Hannover

      19.19 acres of commercial land for sale.
      9969 Allentown Blvd, Grantville, PA 17028
      View Details
    • Contact for pricing

      Land Near Hollywood Casino

      Commercial land for sale near Penn National Racetrack.
      10087 Mountain Rd, Grantville, PA 17028
      View Details
    • Contact for pricing

      Horse Farm With Development Potential

      48-acre horse farm with development possibilities in East Hanover.
      101 Homestead Rd, Grantville, PA 17028
      View Details
    • Contact for pricing
      25,000 SF

      Established Salvage Yard on 17 Acres

      Fenced industrial salvage yard with buildings and farmhouse for sale.
      20 Homestead Rd, Grantville, PA 17028
      View Details
    • $249,999
      9.23 Acres

      Pastoral Land with Pond and Stream

      9.3 acres with pond, stream, and utility structure.
      10323 Allentown Blvd, Grantville, PA 17028
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Prime Land in East Hannover

      19.19 acres of commercial land for sale.
      9969 Allentown Blvd, Grantville, PA 17028
      View Details
    • Contact for pricing

      Land Near Hollywood Casino

      Commercial land for sale near Penn National Racetrack.
      10087 Mountain Rd, Grantville, PA 17028
      View Details
    • Contact for pricing

      Horse Farm With Development Potential

      48-acre horse farm with development possibilities in East Hanover.
      101 Homestead Rd, Grantville, PA 17028
      View Details
    • Contact for pricing
      25,000 SF

      Established Salvage Yard on 17 Acres

      Fenced industrial salvage yard with buildings and farmhouse for sale.
      20 Homestead Rd, Grantville, PA 17028
      View Details
    • $249,999
      9.23 Acres

      Pastoral Land with Pond and Stream

      9.3 acres with pond, stream, and utility structure.
      10323 Allentown Blvd, Grantville, PA 17028
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Grantville Commercial Land For Lease

      Flat, 1-acre commercial lot near I-81 and tourist attractions.
      604 Station Rd, Grantville, PA 17028
      View Details
    • Contact for pricing
      2 SF

      Prime Land Near I-81

      2.68 acres available off I-81 near Hollywood Casino.
      409 Ridge Rd, Grantville, PA 17028
      View Details
    • Contact for pricing

      Land Near Hollywood Casino

      2.68 acres of commercial land available for lease.
      409 Bow Creek Rd, Grantville, PA 17028
      View Details
    • Contact for pricing
      127,631 SF

      Prime Commercial Land, Dauphin County

      2.93 Acres, High-Traffic Location
      0 Faith Rd, Grantville, PA 17028
      View Details
    View Listing
    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.
    9969 Allentown Blvd
    Grantville, PA 17028
    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!