Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17 South St Corry, PA 16407

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    17 South St Corry, PA 16407

    View on Map
    • Commercial real estate
    • 4,408 SF
    • 0.07 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Record Nations / Storage Facility
    • Sawyer Printing / Marketing & Advertising / Printing Service

    Property Details for 17 South St

    Year built
    1940
    Lot size
    0.07 lot acres
    Property size
    4,408 SF
    Property type
    Commercial real estate

    Description

    This exceptional Corry, PA commercial property at 17 W South Street presents a unique investment opportunity. The 4,408 square foot building sits on a 0.07-acre lot and offers a thriving printing business as part of the sale. The building itself boasts recent exterior updates, including a newer asphalt roof, steel siding, and brickwork, showcasing a blend of modern and classic aesthetics. Convenient street parking is readily available for customers and employees. Adding to its versatility, a residential apartment is located above the commercial space. This apartment presents a dual income potential, either through rental income to offset mortgage payments or as living quarters for the business owner. The sale includes the established printing business, offering immediate revenue generation. However, the building and the business are also available for separate purchase, providing flexibility for potential buyers. This property is ideally suited for an entrepreneur seeking a turnkey operation or an investor looking for a strong return on investment in a well-maintained building with significant upside potential. The property's location in Corry, PA offers easy access to local amenities and a strong local market. This is a rare opportunity to acquire a profitable business and a well-maintained building in one convenient package.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Corry
    County
    Erie
    State
    Pennsylvania
    Longitude
    -79.6409
    Latitude
    41.9197

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      46375 Us-6

      Land • 1.00 Acre
      46375 Us-6, Corry, PA 16407
      View Details
    • Value Estimation by Request
      0.05 Acres

      11543 Rte 6th 6

      COMMERCIAL (GENERAL) • 0.05 Acres
      11543 Rte 6th 6, Corry, PA 16407-8812
      View Details
    • Value Estimation by Request
      0.12 Acres

      306 Delaware St

      COMMERCIAL (GENERAL) • 0.12 Acres
      306 Delaware St, Corry, PA 16407-1425
      View Details
    • Value Estimation by Request
      0.07 Acres

      36 Main St

      COMMERCIAL (GENERAL) • 0.07 Acres
      36 Main St, Corry, PA 16407-1806
      View Details
    • Value Estimation by Request
      0.36 Acres

      968 Main St

      COMMERCIAL (GENERAL) • 0.36 Acres
      968 Main St, Corry, PA 16407-2062
      View Details
    • Value Estimation by Request
      0.08 Acres

      18 Main St

      SHOW ROOM, WAREHOUSE • 0.08 Acres
      18 Main St, Corry, PA 16407
      View Details

    Similar Nearby for Sale

    • $299,900
      2,368 SF

      High-Visibility Corry Commercial Property

      Route 6 location, warehouse, office, 1.25 acres
      710 Columbus Ave, Corry, PA 16407
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      6Th St, Corry, PA 16407
      View Details
    • $550,000
      Pending

      Mixed-Use Investment Opportunity in Corry

      14-unit mixed-use property with strong income potential.
      110-118 Grace St, Corry, PA 16407
      View Details
    • $425,000

      Route 6 Commercial Property

      Commercial property on Route 6 with showroom, office, and garage.
      45420 Route 6, Corry, PA 16407
      View Details
    • $49,900
      1.50 Acres

      Commercial Land in Corry, PA

      1.5 acre commercial land suitable for new business development.
      10981 Route 426, Corry, PA 16407
      View Details
    • Contact for pricing
      0.21 Acres

      Land Near Mead Park, Corry

      Level building site across from Mead Park in Corry, PA.
      820 Mead Ave, Corry, PA 16407
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Corry Plaza Anchor Space Available

      19,000 SF anchor space in Corry Plaza, Pennsylvania.
      320 W Columbus Ave, Corry, PA 16407
      View Details
    • $760,000

      Dollar General Investment Opportunity

      NNN leased Dollar General store in Corry, PA for rent.
      406 E Main St, Corry, PA 16407
      View Details
    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.
    17 South St
    Corry, PA 16407
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!