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Financial
Distress signals
Property profile

121 Ml St New Castle, PA 16101

OFF-MARKET
Office buildings
Property ID
US73-3470176
8,024 SF 0.13 ac lot
Last sale May 2023 · $520,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This 6,670 square foot vacant storefront in downtown New Castle, PA, presents a compelling investment opportunity. Currently priced at $946,990, it boasts a strong 10% cap rate and a substantial NOI of $94,699. The property enjoys a prime location near key amenities such as Dunkin' Donuts, the public library, and the police station. Previously occupied by the Pennsylvania Department of Environmental Protection for 28 years (with a 2-year lease extension), this location includes a specialized…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value · 2024$209k
Assessed land$25k
Assessed improvement$184k
Effective rate3.92%

Value estimate

· Oct 2026
$555k
$500k – $611k
AI approach$520k
Submarket $/SF estimate$439k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$42/SF
ZIP average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$19 – $79
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-2
C-2 The Central Business District is for major shopping facilities, offices, entertainment facilities and related uses which serve the en...
General categoryCOMMERCIAL
JurisdictionLAWRENCE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency34.2
Restaurant30.4
Dental Office22.7

Location

121 Ml St New Castle, PA 16101-3704
County assessor Recorded deeds · 1 transfer 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Youngstown, New Castle, PA 16101 $1,450,000 Sep 2025 6,400 SF
Laurel, New Castle, PA 16101 $1,623,740 Jan 2025 6,474 SF
2492 Ml Brg, New Castle, PA 16101 $90,000 Jun 2024 10,236 SF
328 Highland, New Castle, PA 16101-3624 $26,000 Jun 2023 6,852 SF
26 Washington, New Castle, PA 16101-3856 $42,500 Jun 2023 9,971 SF
1750 New Butler, New Castle, PA 16101-3184 $750,000 Dec 2022 9,615 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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