Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space with Co-Tenants Title is generated by Realmo AI

    2611 Ellwood Rd, New Castle, PA 16101

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available with established co-tenants in New Castle.

    Type:Retail
    Added:
    Jun 13, 2022
    Days on Market:
    1430
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 2611 Ellwood Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 2611 Ellwood Rd Contact us

    Available Space 2 $9 /Mo

    Size
    20,000 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    James Wilding Jr.

    Listing agent James Wilding Jr. License #PA RM420700

    Listing office Jabe Companies

    Listing date Jun 13, 2022

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Jabe Companies

    HighLights

    • Co‑tenancy with Big Lots, Taco Bell, and Subway.

    Overview

    This retail space is located in New Castle, Pennsylvania. The property benefits from established co-tenants, including Big Lots, Taco Bell, and Subway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Goodwill Discount Store Big Lots Discount Store BodyGenesis Gym & Fitness Center

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy Auto Parts Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    Lawrence
    State
    Pennsylvania
    Longitude
    -80.30739
    Latitude
    40.967236

    Nearby Similar for Lease

    • $1,500/Mo

      Adaptable Commercial Space Available

      Flexible commercial space suitable for various business types.
      2 E Moody Ave, New Castle, PA 16101
      View Details
    • $2,000/Mo

      Versatile Space on High-Traffic Corner

      Adaptable space suited for food service, events, or retail.
      3420 Perry Highway, Scott Twp, PA 16101
      View Details
    • $1,213/Mo

      Neshannock Twp Office Space

      Trendy industrial style office space for rent in Neshannock.
      3009 Wilmington Rd, Suite G-3, Neshannock Twp, PA 16105
      View Details
    • $2,014/Mo

      Adaptable Office Space For Rent

      Commercial office front with adaptable space in high-visibility location.
      3009 Wilmington Rd, Suite A/B, Neshannock Twp, PA 16105
      View Details
    • $2,300/Mo

      Shenango Twp Office Space For Rent

      Commercial space with high visibility and ample parking.
      2630 Ellwood Rd, Shenango Twp, PA 16101
      View Details
    • $3,500/Mo

      Shenango Twp Office Space

      Commercial space with high visibility and ample parking.
      2640 Ellwood Rd, Shenango Twp, PA 16101
      View Details
    • $1,650/Mo

      Shenango Twp Office Space For Rent

      Commercial space with high visibility and ample parking.
      2626 Ellwood Rd, Shenango Twp, PA 16101
      View Details
    • $1,300/Mo

      other-commercial-real-estate

      19 Washington St, Unit 4, New Castle, PA 16101
      View Details
    • $500/Mo

      Updated Office Space in Riverplex

      Modern office space in the heart of Downtown New Castle.
      11 S Mill Street, Suite 402, New Castle, PA 16101
      View Details
    • Contact for pricing

      Restaurant Space with Patio

      Restaurant with indoor and outdoor seating available for rent.
      3108 New Butler Road, New Castle, PA, 16101
      View Details
    • $1,900/Mo

      Neshannock Township Office/Medical Space

      Office/medical space for lease in Neshannock Township.
      3121 Wilmington Rd Ste 2, New Castle, PA, 16105-1161
      View Details
    • Contact for pricing

      Retail Property in New Castle

      Retail property available for lease in New Castle, Pennsylvania.
      3300 Wilmington Road, New Castle, PA, 16105
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available with established co-tenants in New Castle.
    Where is this retail space located?
    The property is located at 2611 Ellwood Rd New Castle, PA.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Co‑tenancy with Big Lots, Taco Bell, and Subway.
    (412) 212-1270 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    James Wilding Jr.
    Real Estate License ID: PA RM420700
    Learn More
    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.
    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

    Thank You for Inquiry
    2611 Ellwood Rd, New Castle, PA 16101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!