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Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Manufacturing properties
18381 Sciota St Corry, PA 16407-8969
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US73-2830729
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2004
Total area
45,680 SF
Lot
4.61 ac (200,812 SF)
Zoning code
R1
APN
49-015-039.0-011.03
UPID
US73-2830729
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
VIP Machining Inc. Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$2.11M
Owner & transaction history
Vip Machining INC · 14 yrs held
Vip Machining INC
since 2011
4 recorded transactions
Zoning & alternative use
R1 · Corry, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Map | City of Corry
Top alternative use upside
Office building
$3.5M
+147.7%
Restaurant
$3.4M
+139.1%
Retail stores
$3.3M
+133.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Corry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corry submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,405,000
Current use
OFFICE BUILDING
$3,475,000
Change: +148% · Conversion: Difficult
RESTAURANT
$3,355,000
Change: +139% · Conversion: Difficult
RETAIL STORES
$3,275,000
Change: +133% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,230,000
Change: +130% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,155,000
Change: +54% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,685,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$46 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$27,853
Tax year 2023
Assessed value
$1,204,500
Assessed 2024
Previous assessed
$1,204,500
+0.0% YoY
Effective rate
2.31%
On assessed value
Assessed land
$63,200
Assessed improvement
$1,141,300
Land market value
$63,200
Improvement market value
$1,141,300
Total market value
$1,204,500
Applied tax rate
49.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2004
Heating
NONE
Stories
3
Total area
45,680 SF
Lot
4.61 ac (200,812 SF)
Zoning code
R1
APN
49-015-039.0-011.03
UPID
US73-2830729
Jurisdiction
ERIE
Zoning & alternative use
R1 · Corry, PAZoning R1 · permitted uses
R1 · Corry, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Map | City of Corry
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$3.5M
RESTAURANT
Est. value
$3.4M
RETAIL STORES
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Stories
3
Lot
4.61 ac
Current owner
From public records · entity-resolved
Vip Machining INC
Entity
Mailing address
18381 SCIOTA ST, CORRY, PA 16407-8969
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2025
—
V I P Machining INC
—
Deed
related
$596,000 · Key Bank NA
Dec 7, 2011
—
Vip Machining INC
Vanderhoof,richard C & Martha J
Warranty Deed
related
—
Sep 28, 2005
$300,000
Richard C Vanderhoof
Corry Area Industrial Dev Corp
Warranty Deed
—
—
—
Corry Area Industrial Dev Corp
—
Deed Of Trust
related
$250,000 · Redevelopment Auth City Corry
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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