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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Office Spaces
205 Pennsylvania W Ave Warren, PA 16365-2412
Individually Owned
Free & Clear
Property ID
US73-4078785
Property summary
AI-generated overview
This exceptional commercial property, located at 205 Pennsylvania Ave W in Warren, Pennsylvania, presents a unique investment opportunity. The property encompasses a substantial 14,934 square feet of space, distributed across two buildings situated on a 0.6-acre lot. The main building, a historic structure dating back to 1900, boasts a blend of traditional office space and flexible areas, ideal for a variety of uses. A second, attached warehouse building provides additional storage and operational capabilities, including a loading dock. The property's prime location in the heart of downtown Warren offers high visibility and convenient access to major roadways, including Routes 62 and 59, and the Allegheny River. The asking price is $1,200,000, translating to $80.35 per square foot. The property is classified as a Class B building and is currently offered as a single tenancy. This mixed-use property offers a compelling combination of office and warehouse space, making it suitable for a diverse range of businesses seeking a prominent location in a thriving Pennsylvania community. The property's size, location, and historical character make it a truly remarkable investment prospect. The property is being sold by the owner.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1900
Total area
9,071 SF
Lot
0.6 ac (26,223 SF)
APN
WN-576-786900-000
UPID
US73-4078785
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
-
Warren Times Observer Publishing House Newspaper & Magazine
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$920k
Comparable Approach
Comparable
$910k
Blend (final)
Blend
$915k
Owner & transaction history
OGDEN NEWSPAPERS OF, PENNSYLVA
OGDEN NEWSPAPERS OF, PENNSYLVA
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$865,000
+2.7%
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 Warren submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warren 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%
$1,000,000
6.5%
$920,000
7%
$855,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$845,000
Current use
APARTMENT HOUSE (5+ UNITS)
$865,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±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
$101 / 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
$12,340
Tax year 2023
Assessed value
$125,423
Assessed 2023
Previous assessed
$125,423
+0.0% YoY
Effective rate
9.84%
On assessed value
Assessed land
$39,303
Assessed improvement
$86,120
Land market value
$78,606
Improvement market value
$172,239
Total market value
$250,845
Applied tax rate
29.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1900
Heating
OTHER
Cooling
NONE
Stories
2
Bathrooms
5
Total area
9,071 SF
Lot
0.6 ac (26,223 SF)
APN
WN-576-786900-000
UPID
US73-4078785
Jurisdiction
WARREN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$845,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$865,000
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1900
Heating
OTHER
Cooling
Yes
Stories
2
Bathrooms
5
Lot
0.6 ac
Current owner
From public records · entity-resolved
OGDEN NEWSPAPERS OF, PENNSYLVA
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 188, WARREN, PA 16365-0188
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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