Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    859 Park Avenue Ext Meadville, PA 16335

    Sponsored
    For Lease
    $15 SF/Yr ($760 /Mo)

    COMMERCIAL - Meadville, PA

    Property size:
    608 SF
    Lot size:
    0.05 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 18 at 7:06 pm

    Property Features for 859 Park Avenue Ext

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    3300-014-J-13
    Parking
    4
    Size
    608 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Expense value
    2000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Building materials
    Mixed

    We can help!

    Listing Contact
    Cori Harmon

    HHBK REAL ESTATE (814) 720-0810

    Listing agent Cori Harmon (814) 720-2345 License #RS322267

    Listing date Feb 18, 2026

    MLS# 189660

    Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space in Meadville, PA

    This retail space is available for rent at $750 per month. The unit offers high visibility and is situated in a high-traffic area. Convenient off-street parking is available. The owner covers the costs of water, sewer, and garbage services. The property is located in Meadville, PA, and has a size of 608 square feet. The lot size is approximately 0.0514 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Pharmacy Skin Care Clinic Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Meadville
    County
    Crawford
    State
    Pennsylvania
    Longitude
    -80.145005
    Latitude
    41.670642

    Nearby Similar for Lease

    • $17 SF/Yr
      20,000 SF

      Remodeled Office Space in Meadville

      33,000 SF office space in remodeled historical building.
      359 N Walnut St, Meadville, PA 16335
      View Details
    • $299,900
      3,983 SF

      Downtown Meadville Brick Building

      Versatile commercial space in a prime downtown location.
      932 Diamond Park, Meadville, PA 16335
      View Details
    • New
      $112,000
      1,216 SF

      Mixed-Use Property in Meadville, PA

      Mixed-use property with income potential in high-traffic Meadville location.
      859 Park Avenue Ext, Meadville, PA 16335
      View Details
    • $1,900 /Mo
      1,080 SF

      Downtown Meadville Commercial Space Available

      Remodeled commercial space in the heart of Meadville's business district.
      245 Chestnut St Unit, Meadville, PA 16335
      View Details
    • Contact for pricing
      8,840 SF

      Retail Space in Downtown Meadville

      New construction retail space in the county seat.
      1121 Park Ave, Meadville, PA 16335
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Walmart

      Retail space available across from Walmart, co-tenants include Dollar Tree.
      16039 Grand Army Of The Republic Hwy, Meadville, PA
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for rent in high-traffic Meadville location.
    Where is this retail space located?
    The property is located at 859 Park Avenue Ext Meadville, PA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - $750 per month rent; - High visibility and high traffic area; - Owner pays water, sewer, and garbage
    (814) 720-2345
    Request Owner's contact information
    859 Park Avenue Ext Meadville, PA 16335
    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.
    859 Park Avenue Ext
    Meadville, PA 16335
    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
    859 Park Avenue Ext Meadville, PA 16335
    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

    We can help!
    Listing Contact
    Cori Harmon
    Real Estate License ID: RS322267
    (814) 720-2345
    Learn more
    Google sign-in failed. Please try again or use another login method.