Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1509 Moravia St New Castle, PA 16101-5802
    Back to Search
    Property profile & analytics

    1509 Moravia St, New Castle, PA 16101-5802

    View on Map
    • Retail space
    • 9,170 SF
    • 0.60 lot acres
    Off-Market
    Last Sale Feb 1, 2022
    $814,285
    Property ID
    US73-3205308
    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.
    Value Estimations
    $795,000
    Show details
    Cap Rate Potential
    9.2%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Dollar General / Discount Store
    • Western Union / Bank / Credit Union

    Property Details for 1509 Moravia St

    Lot size
    0.60 lot acres
    Zone code
    T
    Property type
    Retail space
    APN
    08-015000
    APU
    8015000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 1, 2022 $814,285 Rita D Yeazel 1030 Highland Road LLC Deed —
    Mar 7, 2014 $630,000 1030 Highland Road LLC Golba Development Limited Company Deed —
    — — Golba Dev LLC — Deed Of Trust · related $383k · Washington Financial Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $825,000
      ML approach
      $720,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $571,000
      Market price range: $241k - $713k
      AI Estimate
      $1,039,000
      Market price range: $357k - $1.26M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $845,000
      COMMERCIAL (GENERAL)
      $525,000

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

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    Lawrence
    State
    Pennsylvania
    Longitude
    -80.35
    Latitude
    40.983
    CBSA code
    35260
    CBSA name
    NEW CASTLE, 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
    2023
    $14,060
    $42,800
    $316,200
    $359,000
    -
    $42,800
    $316,200
    $359,000

    Comparable in this City

    • Value Estimation by Request
      1,472 SF

      3431 Us 422

      RETAIL STORES (PERSONAL SERVICES)
      3431 Us 422, New Castle, PA 16101-7965
      View Details
    • Value Estimation by Request
      720 SF

      1028 Croton Ave

      RETAIL STORES (PERSONAL SERVICES)
      1028 Croton Ave, New Castle, PA 16101-2615
      View Details
    • Value Estimation by Request
      543 SF

      702 Croton Ave

      RETAIL STORES (PERSONAL SERVICES)
      702 Croton Ave, New Castle, PA 16101-2554
      View Details
    • Value Estimation by Request
      1,051 SF

      102 Mercer St

      RETAIL STORES (PERSONAL SERVICES)
      102 Mercer St, New Castle, PA 16101-3727
      View Details
    • Value Estimation by Request
      1,406 SF

      118 Washington St

      RETAIL STORES (PERSONAL SERVICES)
      118 Washington St, New Castle, PA 16101-3815
      View Details
    • Value Estimation by Request
      2,560 SF

      635 Washington St

      RETAIL STORES (PERSONAL SERVICES)
      635 Washington St, New Castle, PA 16101-4134
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,499 SF

      Retail Space in New Castle

      Retail property on main thoroughfare with parking.
      305 N Jefferson St, New Castle, PA 16101
      View Details
    • $169,900
      0.06 Acres

      Renovated Commercial Space in New Castle

      Turnkey commercial space with high visibility and modern updates.
      107 E North St, New Castle, PA 16101
      View Details
    • $79,900
      0.02 Acres

      Updated Commercial Space, High Visibility

      Updated commercial space in downtown location, ready for occupancy.
      106 N Mercer St, New Castle, PA 16101
      View Details
    • Contact for pricing
      Pending

      Union Township Commercial Property For Sale

      Commercial property in high-traffic area with retail and residential potential.
      2613 W State St, New Castle, PA 16101
      View Details
    • Contact for pricing

      Retail/Showroom with Warehouse Space

      5950 SF building with retail and warehouse space for sale.
      1236 E Washington St, New Castle, PA 16101
      View Details
    • Contact for pricing

      Updated Commercial Space, Downtown Location

      Updated commercial space with modern finishes in a high-traffic downtown location.
      106 N Mercer St, New Castle, PA 16101
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      22,000 SF

      Retail Space in New Castle

      30,000 SF retail space with established co-tenants.
      2611 Ellwood Rd, New Castle, PA 16101
      View Details
    • $2,000 /Mo
      23,958 SF

      Versatile Space on High-Traffic Corner

      Adaptable space suited for food service, events, or retail.
      3420 Perry Hwy, New Castle, PA 16101
      View Details
    • Contact for pricing
      40,000 SF

      Retail Opportunity in New Castle

      Up to 40,000 SF retail space for rent.
      100 S Jefferson St, New Castle, PA 16101
      View Details
    • $1,500 /Mo
      69,696 SF

      Adaptable Commercial Space Available

      Flexible commercial space suitable for various business types.
      2 E Moody Ave, New Castle, PA 16101
      View Details
    • Contact for pricing

      Retail and Office Spaces Available

      Retail and office spaces available for rent.
      2650-2658 Ellwood Rd, New Castle, PA 16101
      View Details
    • Contact for pricing
      105,953 SF

      Retail Property in New Castle

      Retail property available for lease in New Castle, Pennsylvania.
      2080 West State St, New Castle, PA 16101
      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.
    1509 Moravia St
    New Castle, PA 16101-5802
    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

    Thank You for Inquiry
    1509 Moravia St, New Castle, PA, 16101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!