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    Funeral Home with Apartment Potential Title is generated by Realmo AI

    4340-4348 Quaker Valley Road, Alum Bank, PA 15521

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    Claim this Listing
    For Sale
    $380,000

    COMMERCIAL - Alum Bank, PA

    Property size:
    6,000 SF
    Lot size:
    0.60 Acres
    Price / SF:
    $63/SF
    Added:
    May 8, 2024
    Days on Market:
    741
    Last Refresh:
    May 18 at 12:06 am

    Property Features for 4340-4348 Quaker Valley Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Garage
    Exterior features
    Rain Gutters
    Basement
    Walk-Out Access, Full, Exterior Entry
    Standard status
    Active
    APN
    D5-B4-6 & D5-B3-5
    Size
    6,000 SF
    Lot size
    0.60 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    1476 / 357
    Tax Annual Amount
    6994

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Oil
    Cooling system
    Central Air, Wall Unit(s)
    Water source
    Well, Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Building materials
    Vinyl Siding, Brick
    Roof type
    Built-Up, Shingle

    We can help!

    Listing Contact
    M. Kay Fisher
    M. Kay Fisher

    Listing agent M. Kay Fisher License #AB050988L

    Listing office Howard Hanna Bardell Realty 115 S Anderson Street, Bedford, PA

    Listing date May 8, 2024

    MLS# 74657

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

    HighLights

    • Excellent income opportunity with funeral home, 4 apartments, and single‑family house.
    • Large 0.602+-acre site with ample paved parking for 40+ cars.
    • 2.5‑story single‑family house with 3 bedrooms, 1.5 baths, quality kitchen, and fireplace.
    • Funeral home includes 4 apartments and basement garages with 5+-vehicle capacity.
    • Public water and public sewer connections.
    • Central air conditioning and wall unit cooling.

    Overview

    This property features a funeral home with four apartments on the second and third floors, basement garages, and a two-story single-family house, all situated on a 0.602-acre site with paved parking for over 40 cars. The 2.5-story funeral home was built around 1900 and includes basement garages with space for approximately five vehicles. The single-family house, dating back to approximately 1885 with subsequent additions, offers three bedrooms, 1.5 baths, a quality-finish kitchen with built-ins, formal rooms, a family room, a fireplace, a porch, and a deck. The paved parking lot has two paved driveway accesses. The main level of the funeral home could be converted into additional apartments. Public water and public sewer services are available. There may be three or more wells on the property with unknown statuses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Grocery & Convenience Store Food Market HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Alum Bank
    County
    Venango
    State
    Pennsylvania
    Longitude
    -78.613699
    Latitude
    40.182093

    Nearby Similar for Sale

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      3,572 SF

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    • $149,900
      3,297 SF

      Mixed-Use Property with Income Potential

      Affordable mixed-use property with apartment and garage.
      4302 Quaker Valley Road, Alum Bank, PA 15521
      View Details

    FAQs

    What type of property is this?
    Apartment building - Funeral home with apartments and single-family house on 0.6 acres.
    Where is this apartment building located?
    The property is located at 4340-4348 Quaker Valley Road Alum Bank, PA.
    What is the asking price?
    The asking price for this property is $380,000.
    What are key features of this property?
    This property features: Excellent income opportunity with funeral home, 4 apartments, and single‑family house.; Large 0.602+-acre site with ample paved parking for 40+ cars.; **2.5‑story single‑family house with 3 bedrooms, 1.5 baths, quality kitchen, and fireplace.**
    (814) 623-8622
    We can help!
    Listing Contact
    M. Kay Fisher
    M. Kay Fisher
    Real Estate License ID: AB050988L
    Learn More
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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.

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