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

    1224 7th Ave, Unit 1230 Altoona, PA 16602-2402

    • Commercial real estate
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-4846464
    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

    • Chopra Pediatrics / Pediatrician / Medical Clinic
    • Annie Stapelfeld / Physician
    • Rakesh Chopra / Pediatrician / Medical Clinic

    Property Details for 1224 7th Ave

    Lot size
    0.28 lot acres
    Property type
    Commercial real estate
    APN
    01.04-05..-040.00-000
    APU
    1040504000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Altoona
    County
    Blair
    State
    Pennsylvania
    Longitude
    -78.398
    Latitude
    40.5123
    CBSA code
    11020
    CBSA name
    ALTOONA, PA METROPOLITAN 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
    $5,730
    $48,000
    $291,000
    $339,000
    -
    $48,000
    $291,000
    $339,000

    Comparable in this City

    • Value Estimation by Request
      0.37 Acres

      1418 Vly Vw Blvd, Unit 30

      COMMERCIAL (GENERAL) • 0.37 Acres
      1418 Vly Vw Blvd, Altoona, PA 16602-6037
      View Details
    • Value Estimation by Request
      4.80 Acres

      201 Park Hls Plz, Unit 229

      COMMERCIAL (GENERAL) • 4.80 Acres
      201 Park Hls Plz, Altoona, PA 16602-2829
      View Details
    • Value Estimation by Request
      0.88 Acres

      1000-20 Jaggard St

      COMMERCIAL (GENERAL) • 0.88 Acres
      1000-20 Jaggard St, Altoona, PA 16602
      View Details
    • Value Estimation by Request
      1.13 Acres

      1200-30 Jefferson Ave

      COMMERCIAL (GENERAL) • 1.13 Acres
      1200-30 Jefferson Ave, Altoona, PA 16602
      View Details
    • Value Estimation by Request
      0.70 Acres

      203 Logan Blvd

      COMMERCIAL (GENERAL) • 0.70 Acres
      203 Logan Blvd, Altoona, PA 16602-1726
      View Details
    • Value Estimation by Request
      0.70 Acres

      701 Logan Blvd, Unit 19

      COMMERCIAL (GENERAL) • 0.70 Acres
      701 Logan Blvd, Altoona, PA 16602-4165
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      137,279 SF

      Altoona Retail Space: 137,279 SF

      Prime Altoona storefront, high traffic location.
      5580 Goods Ln, Altoona, PA 16602
      View Details
    • Contact for pricing
      0.25 Acres

      Residential Land in Highland Park

      0.25-acre wooded lot in Altoona's Highland Park neighborhood.
      4221-4231 4Th Ave, Altoona, PA 16602
      View Details
    • $150,000
      1.31 Acres

      Commercially Zoned Lot For Sale

      1.3-acre commercially zoned lot with high visibility and traffic.
      Pleasant Valley Blvd, Altoona, PA 16602
      View Details
    • New
      $489,000
      4,269 SF

      Turnkey Commercial Condo in Altoona

      High-end commercial condo with versatile layout and parking.
      601 7Th Ave, Altoona, PA 16602
      View Details
    • New
      $775,000
      1.07 Acres

      Altoona Bar/Restaurant with Liquor License

      Established bar and restaurant with hotel liquor license for sale.
      1524 Walton Ave, Altoona, PA 16602
      View Details
    • $359,000
      3.27 Acres

      Altoona Land in Retail District

      3.27 acres suitable for development in high-traffic retail area.
      Parkview Dr, Altoona, PA 16602
      View Details

    Similar Nearby for Lease

    • $1,312 /Mo
      2,206 SF

      Office and Warehouse Space Available

      Office and warehouse space for lease in Altoona, Pennsylvania.
      514 E Pleasant Valley Blvd, Altoona, PA 16602
      View Details
    • $500 /Mo
      375 SF

      Altoona Office Space For Rent

      Conveniently located office space with modern, open concept design.
      201 Cayuga Ave, Altoona, PA 16602
      View Details
    • $5,243 /Mo
      4,660 SF

      Altoona Office Space For Rent

      Well-maintained office space with convenient location and modern design.
      201 Cayuga Ave, Altoona, PA 16602
      View Details
    • New
      $700 /Mo
      625 SF

      Altoona Commercial Space For Rent

      Commercial space available in high-traffic Altoona location.
      1807 Valley View Blvd, Altoona, PA 16602
      View Details
    • Contact for pricing
      1,700 SF

      Altoona Commercial Space: Drive-Thru Ready

      Prime Altoona location, 1700 sq ft, drive-thru.
      722 6Th Ave, Altoona, PA 16602
      View Details
    • Contact for pricing
      258,819 SF

      Park Hills Plaza Retail Space Available

      Weis-anchored retail center; 2,400 sq ft available.
      275 Park Hills Plz, Altoona, PA 16602
      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.
    1224 7th Ave, Unit 1230
    Altoona, PA 16602-2402
    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.