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    Income-Producing Property Near Allegheny Park Title is generated by Realmo AI

    15 Decasper Dr, Lewis Run, PA 16738

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    For Sale
    $950,000

    Multi-Unit - Lewis Run, PA

    Property size:
    1,000 SF
    Lot size:
    5.72 Acres
    Price / SF:
    $950/SF
    Added:
    Mar 23, 2026
    Days on Market:
    62
    Last Refresh:
    May 23 at 1:06 pm

    Property Features for 15 Decasper Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    1
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Dining Room, Living Room
    Parking features
    Garage
    Appliances
    Dishwasher, Microwave, Refrigerator, Washer
    Standard status
    Active
    Size
    1,000 SF
    Lot size
    5.72 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6340

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brandon Tarby

    Listing agent Brandon Tarby

    Listing office IRE INVESTMENTS 63 Putnam St Suite 202, SARATOGA SPRINGS, PA

    Listing date Mar 23, 2026

    MLS# 11678221 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • $90k Net Operating Income (NOI): Demonstrates strong current profitability.
    • Diversified Income Streams: Consists of single‑family homes, storage units, and mobile homes, reducing risk.
    • Expansion Potential: Ample acreage allows for the addition of more storage units or mobile homes.
    • Well‑Maintained Infrastructure: The property has been meticulously maintained for 22 years.
    • Prime Location: Situated at the entrance to Allegheny State Park.
    • Motivated Sellers: Owners are retiring and willing to consult during the transition.

    Overview

    This income-producing property is situated near Allegheny State Park. The property includes two single-family residences, twenty-eight storage units, and seven mobile homes, providing multiple revenue streams with expansion potential. The property features a sewage treatment facility and acreage to accommodate additional storage units or mobile homes. The current owners have maintained the property for the past 22 years. The property is located in Lewis Run, PA, near restaurants, nightlife, and Allegheny National Forest. The property includes meticulously maintained homes with modern appliances, private parking, and yard space. The owners are willing to stay on as consultants for a time to transition to a new owner. The property is suitable for an individual or family to live in the large master home and operate the facility, or a property supervisor could maintain operations while living on the grounds. The property is located four miles from Bradford, PA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Big Box & Wholesale Store Electrical Service Computer & Electronic Repair

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lewis Run
    County
    McKean
    State
    Pennsylvania
    Longitude
    -78.673001
    Latitude
    41.860159

    FAQs

    What type of property is this?
    Mobile home & RV park - Versatile property with multiple income streams and expansion potential.
    Where is this mobile home & rv park located?
    The property is located at 15 Decasper Dr Lewis Run, PA.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: $90k Net Operating Income (NOI): Demonstrates strong current profitability.; Diversified Income Streams: Consists of single‑family homes, storage units, and mobile homes, reducing risk.; Expansion Potential: Ample acreage allows for the addition of more storage units or mobile homes.
    (518) 379-0652
    We can help!
    Listing Contact
    Brandon Tarby
    Request Owner's contact information
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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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