Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    3940 St Seneca, PA 16346

    • Retail properties
    • 6,000 SF
    • 1.16 lot acres
    For Sale
    View listing
    $673,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 3940 St

    Year built
    2004
    Lot size
    1.16 lot acres
    Property size
    6,000 SF
    Property type
    Retail properties

    Description

    This exceptional 6,000 square foot retail property, located at 3940 St Rt - 257 in Seneca, Pennsylvania (Venango County, zip code 16346), presents a lucrative investment opportunity. Built in 2004, this single-story building sits on a 1.16-acre lot (APN: 08, 035.-020..-000) and boasts a versatile layout ideal for multiple uses. Currently generating income from existing tenants, the property offers significant upside potential. The interior walls are non-load bearing, allowing for flexible space configuration to suit various business needs. The building features a robust 3-phase 1200 AMP electrical service and a 35-ton HVAC system. Additional amenities include three bathrooms, and high-speed internet and cable TV availability. The property also includes a separate 2016 square foot rental building, further enhancing its income-generating capabilities. Construction is wood frame with metal siding and a metal roof. Public water and sewer services are available. The property's dimensions are approximately 120 feet by 50 feet. While the zoning and restrictive covenants are currently unknown, this turnkey operation offers immediate income and significant long-term growth potential. A 2D floor plan and 3D virtual tour are available for review. The asking price is $673,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Seneca
    County
    Venango
    State
    Pennsylvania
    Longitude
    -79.7074
    Latitude
    41.4046

    Comparable in this City

    • Value Estimation by Request
      0.86 Acres

      3108 State Rte 257

      RETAIL STORES (PERSONAL SERVICES) • 0.86 Acres
      3108 State Rte 257, Seneca, PA 16346-2426
      View Details
    • Value Estimation by Request
      0.72 Acres

      3187 State Rte 257

      RESTAURANT • 0.72 Acres
      3187 State Rte 257, Seneca, PA 16346-2427
      View Details
    • Value Estimation by Request
      0.64 Acres

      3268 State Rte 257

      RETAIL STORES (PERSONAL SERVICES) • 0.64 Acres
      3268 State Rte 257, Seneca, PA 16346-2530
      View Details
    • Value Estimation by Request
      0.79 Acres

      3390 State Rte 257

      SERVICE STATION (FULL SERVICE) • 0.79 Acres
      3390 State Rte 257, Seneca, PA 16346-2534
      View Details
    • Value Estimation by Request
      0.28 Acres

      257 State Rd

      SERVICE STATION (FULL SERVICE) • 0.28 Acres
      257 State Rd, Seneca, PA 16346-3031
      View Details
    • Value Estimation by Request
      1.45 Acres

      7119 Us 322

      RETAIL STORES (PERSONAL SERVICES) • 1.45 Acres
      7119 Us 322, Seneca, PA 16346
      View Details

    Similar Nearby for Sale

    • $673,000
      6,000 SF

      Seneca, PA Retail Investment

      6,000 SF Retail Building, High Income Potential
      3940 St, Seneca, PA 16346
      View Details
    • $129,900
      1,152 SF

      Seneca Commercial Space on 1.63 Acres

      Commercial space in Cranberry Township with endless possibilities.
      3713 State Route 257, Seneca, PA 16346
      View Details
    • $175,000
      41.00 Acres

      41 Acres Seneca, PA Commercial Land

      Secluded wooded acreage with river views.
      00 Osender Rd, Seneca, PA 16346
      View Details
    • Contact for pricing
      2.15 Acres

      Seneca, PA Vacant Land

      2.15 acres of open and wooded land.
      Tool House Rd, Seneca, PA 16346
      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.
    3940 St
    Seneca, PA 16346
    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.