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    Emlenton Mixed-Use Investment Opportunity Title is generated by Realmo AI

    607 Main St, Emlenton, PA 16373

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    Claim this Listing
    For Sale
    $874,000

    COMMERCIAL - Emlenton, PA

    Property size:
    3,480 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $251/SF
    Added:
    Oct 4, 2024
    Days on Market:
    596
    Last Refresh:
    May 22 at 7:06 pm

    Property Features for 607 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Bathrooms
    5
    Rooms
    Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 5, Bathroom 2
    Standard status
    Active
    APN
    09,003.-101..-000
    Size
    3,480 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Annual Amount
    407

    Building Details

    Year built
    1870
    Floors in Building
    3

    We can help!

    Listing Contact
    Alison Heffner

    Listing agent Alison Heffner

    Listing office Burford & Henry Real Estate Services 10189 RT 322, Shippenville, PA

    Listing date Oct 4, 2024

    MLS# 160839

    Copyright © 2026 Allegheny Valley Board 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

    • Prime investment property with 3 established retail spaces (ice cream parlor, winery, quilt shop) generating active income.
    • Beautifully renovated apartment included, suitable for owner‑occupancy or rental income.
    • Potential for 9 total rental spaces, offering significant income potential from commercial and residential tenants.
    • Located in the heart of Emlenton, close to the Allegheny River and local community.
    • Additional classroom space and potential to convert another area into a second apartment.
    • Central air conditioning.

    Overview

    Located in the heart of Emlenton, Pennsylvania, this mixed-use property at 607 Main St presents a commercial and residential opportunity. The property includes three established retail spaces that are currently occupied by an ice cream parlor, a winery, and a quilt shop. In addition to the retail spaces, there is a renovated apartment suitable for an owner-occupant or additional rental income. The building also features a classroom space and the potential to convert another area into a second apartment. In total, there are nine potential rental spaces. The property is situated near the Allegheny River and within Emlenton's growing community. The building size is 3,480 square feet and the lot size is 0.09 acres.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $776.2K
    NOI $69,854 @ 9.00% cap · cautious / downside scenario
    Moderate
    $997.9K
    NOI $69,854 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.40M
    NOI $69,854 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Retail

    Component $ $/SF
    Gross rent $111.5k $32.04
    − Vacancy −$11.7k −$3.36
    EGI $99.8k $28.68
    − OpEx −$29.9k −$8.60
    NOI $69.9k $20.07
    3,480 SF · lease $32.04/SF/yr · vacancy 10.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $997.9K
    $873.2K – $1.16M (±1% cap)
    NOI $69,854 @ 7.0% cap · market cap 7.99%
    Second Best
    Mixed Use
    $328.1K
    $287.1K – $382.8K (±1% cap)
    NOI $22,968 @ 7.0% cap · market cap 2.63%
    Theoretical Best
    Office A
    $1.10M
    $964.7K – $1.29M (±1% cap)
    NOI $77,172 @ 7.0% cap · market cap 8.83%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ice Cream Parlor ... Grocery & Convenience Store 50 Shades of Grapes Bar & Pub

    Suggested Use

    Law Firm Restaurant Hair Salon Gym & Fitness Center Auto Repair Shop Pharmacy Building Supply Accounting Firm Department Store Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Emlenton
    County
    Venango
    State
    Pennsylvania
    Longitude
    -79.710305
    Latitude
    41.177333

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    FAQs

    What type of property is this?
    Mixed-use property - Commercial and residential property with income streams and future potential.
    Where is this mixed-use property located?
    The property is located at 607 Main St Emlenton, PA.
    What is the asking price?
    The asking price for this property is $874,000.
    What are key features of this property?
    This property features: Prime investment property with 3 established retail spaces (ice cream parlor, winery, quilt shop) generating active income.; Beautifully renovated apartment included, suitable for owner‑occupancy or rental income.; Potential for 9 total rental spaces, offering significant income potential from commercial and residential tenants.
    (814) 271-9676
    We can help!
    Listing Contact
    Alison Heffner
    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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