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    Property profile & analytics

    1535 Allegheny Blvd Reno, PA 16343-1021

    • Commercial real estate
    • 0.81 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Last Sale
    Jul 31, 2020
    $301,000
    Location Intelligence
    Property ID
    US73-3294548
    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

    • Commercial real estate

    Property Details for 1535 Allegheny Blvd

    Lot size
    0.81 lot acres
    Property type
    Commercial real estate
    APN
    28,020.-016C.-000
    APU
    28020016C000

    Description

    This exceptional commercial property, located at 1535 Allegheny Boulevard in Reno, Pennsylvania, presents a unique investment opportunity. The 8,400 square foot building, constructed in 1900, sits on a 0.81-acre lot and is zoned for commercial and industrial use (Com/Ind). The single-story structure boasts a prominent storefront, two overhead doors, a convenient loading dock, and ample heated warehouse space, ideal for various business ventures. Additional features include well-appointed office spaces and a restroom. The property benefits from its location on a high-traffic road with an estimated 11,000 vehicles passing daily, ensuring excellent visibility and accessibility for your business. Utilities include natural gas, underground utilities, three-phase power, cable TV availability, and high-speed internet access. The building also features a 200-amp circuit breaker electrical system. A virtual tour is available online. This property is priced at $547,500, with a price per square foot of $65.18. The property's combination of size, features, and location makes it an attractive option for a wide range of commercial uses. Don't miss this chance to secure a thriving business location in a desirable area. The zip code is 16343. The property is situated in Venango County.

    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%
      $290,000
      6.5%
      $305,000
      7%
      $330,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $325,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $330,000
      Retail
      $300,000
      Mixed-Use
      $345,000
      Hospitality
      $275,000
      Educational
      $350,000
      Residential Income
      $355,000
      Energy
      $330,000
      Income-Based Land
      $360,000
      Food Service
      $275,000

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Venango
    State
    Pennsylvania
    Longitude
    -79.7665
    Latitude
    41.4161
    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
    $7,684
    $19,410
    $289,890
    $309,300
    -
    $19,410
    $289,890
    $309,300

    Comparable in this City

    • Value Estimation by Request
      8,400 SF

      1535 American St

      Retail properties • 8,400 SF
      1535 American St, Oil City, PA 16343
      View Details
    • Value Estimation by Request
      0.07 Acres

      1891 Allegheny Blvd

      COMMERCIAL (GENERAL) • 0.07 Acres
      1891 Allegheny Blvd, Reno, PA 16343-9800
      View Details
    • Value Estimation by Request
      0.17 Acres

      111 2nd St

      COMMERCIAL (GENERAL) • 0.17 Acres
      111 2nd St, Reno, PA 16343-1004
      View Details
    • Value Estimation
      $510,000
      1.39 Acres

      1651 Allegheny Blvd

      COMMERCIAL (GENERAL) • 1.39 Acres
      1651 Allegheny Blvd, Reno, PA 16343
      View Details
    • Value Estimation by Request
      0.30 Acres

      1705 Allegheny Blvd

      COMMERCIAL (GENERAL) • 0.30 Acres
      1705 Allegheny Blvd, Reno, PA 16343-1023
      View Details
    • Value Estimation
      $315,000
      0.17 Acres

      1810 Allegheny Blvd

      COMMERCIAL (GENERAL) • 0.17 Acres
      1810 Allegheny Blvd, Reno, PA 16343-1024
      View Details
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    1535 Allegheny Blvd
    Reno, PA 16343-1021
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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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