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    Property profile & analytics

    1510 Lawrence Ave Ellwood City, PA 16117

    • Warehouses
    • 2,814 SF
    • 1.25 lot acres
    OFF-MARKET
    Last Sale
    Apr 05, 2023
    $1,120,000
    Value Estimations
    $1,160,000
    Show details
    Cap Rate Potential
    2%
    Warehouses
    Location Intelligence
    Property ID
    US73-3089165
    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

    • The Car Wash of Ellwood City / Car Wash

    Property Details for 1510 Lawrence Ave

    Lot size
    1.25 lot acres
    Property size
    2,814 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    36-055800
    APU
    36055800

    Description

    This exceptional investment opportunity presents a thriving car wash business in Ellwood City, Pennsylvania, listed at $999,000. The property, situated on a 1.6-acre parcel at 1510 W Lawrence Ave, 16117, boasts two touchless automatic car washes equipped with advanced G5 laser technology, ensuring efficient and high-quality cleaning. Adding to its appeal is a single self-serve bay, catering to customers seeking a more hands-on experience. The site also includes convenient amenities such as vending machines and two vacuum stations, enhancing customer convenience and revenue streams. A prominent message center pylon sign ensures high visibility and attracts passing traffic. The substantial 1.6-acre lot offers significant potential for future expansion, with an available outparcel providing ample room for additional services or development. This turnkey operation is ready for immediate ownership, presenting a compelling opportunity for investors seeking a profitable and established business in a desirable location. The property's strategic location in Ellwood City, Lawrence County, PA, ensures consistent customer traffic and strong market demand. This well-maintained car wash is a proven performer, offering a stable income stream and significant growth potential. The sale includes all existing equipment and infrastructure, making this a seamless transition for the new owner.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,195,000
      ML approach
      $1,205,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Ellwood City
    County
    Lawrence
    State
    Pennsylvania
    Longitude
    -80.3021
    Latitude
    40.8576
    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
    $4,759
    $27,200
    $134,900
    $162,100
    -
    $27,200
    $134,900
    $162,100

    Comparable in this City

    • Value Estimation by Request
      1,624 SF

      2085 Portersville Rd

      MINI-WAREHOUSE, STORAGE • 1,624 SF
      2085 Portersville Rd, Ellwood City, PA 16117-7435
      View Details
    • Value Estimation by Request
      575 SF

      523 Spg Ave

      MINI-WAREHOUSE, STORAGE • 575 SF
      523 Spg Ave, Ellwood City, PA 16117-2333
      View Details
    • Value Estimation by Request
      4.02 Acres

      2nd S St

      MINI-WAREHOUSE, STORAGE • 4.02 Acres
      2nd S St, Ellwood City, PA 16117
      View Details
    • Value Estimation by Request
      1,152 SF

      Lawrence Ave

      MINI-WAREHOUSE, STORAGE • 1,152 SF
      Lawrence Ave, Ellwood City, PA 16117
      View Details
    • Value Estimation by Request
      720 SF

      8th St

      MINI-WAREHOUSE, STORAGE • 720 SF
      8th St, Ellwood City, PA 16117
      View Details
    • Value Estimation
      $1,365,000
      14,824 SF

      1503 Brentwood Ave

      MINI-WAREHOUSE, STORAGE • 14,824 SF
      1503 Brentwood Ave, Ellwood City, PA 16117-3305
      View Details

    Similar Nearby for Sale

    • $325,000
      0.16 Acres

      Turnkey Restaurant and Tavern For Sale

      Established restaurant and tavern with rental income potential.
      708-710 Lawrence Ave, Ellwood City, PA 16117
      View Details
    • $279,900

      Retail/Office Space in Prime Location

      4096 SF retail/office space, fully leased, great income potential.
      438 Line Ave, Ellwood City, PA 16117
      View Details
    • $119,999
      Pending

      Ellwood City Multi-Parcel Opportunity

      Three parcels in downtown Ellwood City offer residential or commercial potential.
      721-723-725 Lawrence Ave, Ellwood City, PA 16117
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      123,000 SF

      Industrial Space with Multiple Cranes

      Large industrial space featuring multiple cranes and office space.
      600 2Nd St, Ellwood City, PA 16117
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    • Contact for pricing
      46,182 SF

      Warehouse with Modern Upgrades

      46,182 SF warehouse with recent renovations available for lease.
      416 Pittsburgh Cir, Ellwood City, PA 16117
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    • $325,000
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      Commercial Building in Ellwood City

      Well-located commercial building with high visibility and expansion potential.
      108 5Th St, Ellwood City, PA 16117
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    • $1,500 /Mo
      156,816 SF

      Medical Office Sublease Opportunity

      Sublease opportunity: 550 SF medical office space available now.
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      View Details
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    1510 Lawrence Ave
    Ellwood City, PA 16117
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    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
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