Entity Owned Property summary
AI-generated overview
This exceptional commercial property in Albion, PA, presents a rare investment opportunity. The offering encompasses four contiguous parcels totaling 12,000+ square feet of space, strategically located on two high-traffic downtown streets. The property includes two existing buildings, providing immediate income potential or the flexibility for extensive redevelopment. The substantial 1,500 square feet of frontage offers excellent visibility and accessibility for a wide range of commercial ventures. The property's prime location in the heart of Albion ensures high foot traffic and strong visibility. The individual parcel numbers are 01-004-044.0-014.-01, 01-004-044.0-014.-00, 01-004-044.0-014.-02, and 01-004-044.0-016.00. This is an ideal opportunity for investors seeking a multi-faceted commercial property with significant potential for growth and return. The property's size and location make it suitable for a variety of uses, from retail and office space to light industrial or mixed-use development. Don't miss this chance to acquire a substantial commercial holding in a vibrant downtown setting. Priced at $349,000.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1920
Construction
WOOD
Total area
12,510 SF
Lot
0.47 ac (20,316 SF)
Zoning code
R2
APN
01-004-044.0-014.01
UPID
US73-2613025
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hardware & Home Improvement General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$826k
Blend (final)
Blend
$910k
Owner & transaction history
since 2025
1 recorded transaction
Zoning & alternative use
R2 · Albion, PA
Top alternative use upside
Apartment house (5+ units)
$1.1M
+23.0%
Office building
$950,000
+6.1%
Restaurant
$920,000
+2.4%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$910k
Value range
$819k – $1.00M
±10% around blend
Estimated value / SF
$73 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
30
$819k
blend $910k
$1.00M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,510 SF
Lot area
0.47 ac
Year built
1920
Stories
6
APN
01-004-044.0-014.01
Zoning
R2
Assessed value
$337,800
Annual tax
$8,040
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.80M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
18.9 mi away · 11,540 SF
22.2 mi away · 9,020 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$910k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 180 sales
$72
+1%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $73/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+23%
vs current-use indication
Office Building
Restaurant
Retail Stores · current use
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$338k
Move the market yield to see immediate price impact.
Value / SF
$27
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$21k
$426k
$304k
$236k
$24k
$473k
$338k
$263k
$26k
$520k
$372k
$289k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$425k
17.7 mi · Feb 2026 · $35/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,040
Tax year 2023
Assessed value
$337,800
Assessed 2024
Previous assessed
$337,800
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$40,600
Assessed improvement
$297,200
Land market value
$40,600
Improvement market value
$297,200
Total market value
$337,800
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1920
Construction
WOOD
Heating
NONE
Stories
6
Total area
12,510 SF
Lot
0.47 ac (20,316 SF)
Zoning code
R2
APN
01-004-044.0-014.01
UPID
US73-2613025
Jurisdiction
ERIE
Zoning & alternative use
R2 · Albion, PAZoning R2 · permitted uses
R2 · Albion, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Construction
WOOD
Heating
NONE
Stories
6
Lot
0.47 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R2
Jurisdiction
Albion, PA
Recorded code
R2
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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