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    Property profile & analytics

    1038 15Th St Franklin, PA 16323

    • Warehouses
    • 2.82 lot acres
    For Lease
    View listing
    Value Estimation
    $260,000
    Location Intelligence
    Property ID
    US73-3421232
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 1038 15Th St

    Lot size
    2.82 lot acres
    Property type
    Warehouses
    APN
    26,007.-003..-000
    APU
    26007003000

    Description

    This exceptional 12,350-square-foot industrial warehouse, located at 1038 15th Street in Franklin, Pennsylvania, presents a unique investment opportunity. Classified as a Class B property, this single-tenant building boasts a flexible design suitable for warehouse, distribution, or flex space uses, as reflected in its B-1 zoning. Constructed in 1966, the building is surprisingly well-maintained and features radiant heat, energy-efficient LED lighting, and superior insulation, contributing to significant operational cost savings. The property offers more than adequate parking for employees and clients. Access is facilitated by conveniently located overhead doors. The building's impressive 597-foot frontage provides excellent visibility and accessibility. The building's history as a former armory speaks to its robust construction and enduring quality. A security deposit will be determined upon negotiation. The property's CO-INDEX is 26,007-003-000. This is a must-see property for discerning investors seeking a well-maintained, functional industrial space in a prime Franklin location. The property is situated on a single story, offering ease of access and efficient workflow.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $235,000
      6.5%
      $220,000
      7%
      $260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $235,000
      Geo Method
      $240,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $285,000
      Retail
      $270,000
      Mixed-Use
      $260,000
      Hospitality
      $240,000
      Educational
      $240,000
      Residential Income
      $260,000
      Energy
      $285,000
      Income-Based Land
      $260,000
      Food Service
      $230,000

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Venango
    State
    Pennsylvania
    Longitude
    -79.8468
    Latitude
    41.3874
    CBSA code
    36340
    CBSA name
    OIL CITY, PA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,987
    $13,460
    $141,140
    $154,600
    -
    $13,460
    $141,140
    $154,600

    Comparable in this City

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    • Value Estimation by Request
      1.00 Acre

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      WAREHOUSE, STORAGE • 1.00 Acre
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    Similar Nearby for Lease

    • Contact for pricing
      12,350 SF

      Franklin, PA Warehouse - 12,350 SF

      1-Story Warehouse, Excellent Condition, Ample Parking
      1038 15Th St, Franklin, PA 16323
      View Details
    • Contact for pricing
      465,000 SF

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      14,000 SF

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    1038 15Th St
    Franklin, PA 16323
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    Realmo Value Estimation

    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.

    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.

    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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