Add Listing
    For Sale
    • 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

    Shenango Dr Edinboro, PA 16412

    View on Map
    Sponsored
    For Sale
    $52,000

    LAND - Edinboro, PA

    Property size:
    26,316 SF
    Lot size:
    0.61 Acres
    Days on Market:
    40
    Last Refresh:
    Mar 10 at 10:06 pm

    Property Features for Shenango Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    45-041-037.0-098.00
    Size
    26,316 SF
    Lot size
    0.61 Acres

    Taxes and HOA fees

    Expense value
    3000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Kate Spiegel

    RE/MAX Real Estate Group (814) 833-9801

    Listing agent Kate Spiegel (814) 881-4889 License #RS228157L

    Listing date Jan 29, 2026

    MLS# 181175 Listing URL

    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

    Residential Land in Shenango Heights

    This 0.61-acre residential land is located in the Shenango Heights subdivision in Edinboro, Pennsylvania. The lot, measuring 129 ft x 202 ft, is situated on the right upon entering the subdivision. The established subdivision includes streetlights and public utilities. The location offers proximity to schools, Edinboro Lake, public trails, and I-79. There are subdivision restrictions but no HOA. The property requires closing within 60 days of the contract and construction commencement within 18 months of purchase.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Edinboro
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.149359
    Latitude
    41.897509

    Nearby Similar for Sale

    • $700,000
      16,730 SF

      Edinboro Commercial Property For Sale

      High-visibility retail and office space with storage buildings in Edinboro.
      13080 Cambridge Rd, Edinboro, PA 16412
      View Details
    • New
      $469,900
      2,160 SF

      Edinboro Townhouse-Style Duplex For Sale

      Well-maintained duplex near PennWest Edinboro, ideal for investors or owner-occupants.
      416-418 Hillcrest Dr, Edinboro, PA 16412
      View Details
    • $325,000
      Pending

      Edinboro Multifamily Investment Opportunity

      Five-unit multifamily property with strong rental history in downtown Edinboro.
      142-144 Meadville St, Edinboro, PA 16412
      View Details
    • $359,000
      1 SF

      Industrial Building Near I-79

      Versatile industrial building suitable for various business applications.
      5719 Edinboro Rd, Edinboro, PA 16412
      View Details
    • $250,000
      1,595 SF

      Edinboro Tavern - Turnkey Opportunity

      Established Bar & Tavern, High-Traffic Location
      129 Erie St, Edinboro, PA 16412
      View Details
    • $514,500
      589,802 SF

      Edinboro Commercial Land - Prime Development

      13.5 Acres, Multi-Family Zoning, Near University
      Darrow Rd, Edinboro, PA 16412
      View Details
    • $245,000
      3,749 SF

      Edinboro Commercial Space - Great Location

      Spacious Office Condo, Ideal for Various Uses
      413 Plum St, Edinboro, PA 16412
      View Details
    • $40,000
      10,450 SF

      Edinboro Commercial Land Opportunity

      Prime Edinboro land, R-4 zoning, great potential.
      204 Darrow Rd, Edinboro, PA 16412
      View Details
    • $474,500
      579,348 SF

      Edinboro Commercial Land - Prime Location

      13.3 Acres, Multi-Family Zoning, University Proximity
      Banff Rd, Edinboro, PA 16412
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land for sale in established Edinboro subdivision.
    Where is this residential land & home lot located?
    The property is located at Shenango Dr Edinboro, PA.
    What is the asking price?
    The asking price for this property is $52,000.
    What are key features of this property?
    This property features: - Large .61 acre lot (129 ft x 202 ft) in established Shenango Heights subdivision.; - Benefit from streetlights and public utilities (water and sewer).; - Enjoy the convenience of being close to schools, Edinboro Lake, public trails, and I-79.
    (814) 881-4889
    Request Owner's contact information
    Shenango Dr Edinboro, PA 16412
    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.
    Shenango Dr
    Edinboro, PA 16412
    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
    Shenango Dr Edinboro, PA 16412
    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
    Kate Spiegel
    Real Estate License ID: RS228157L
    (814) 881-4889
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!