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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    230 Jefferson St New Castle, PA 16101-2220

    • Investment properties
    • 150,000 SF
    • 6.12 lot acres
    OFF-MARKET
    Last Sale
    Jan 03, 2020
    $2,225,000
    Value Estimations
    $2,330,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-4331852
    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

    • New Castle Business Administration / City Government Office
    • New Castle Solicitor / City Government Office
    • New Castle Public Works / Public Works Department
    • New Castle Health Office / City Government Office
    • New Castle Mayor / City Government Office

    Property Details for 230 Jefferson St

    Lot size
    6.12 lot acres
    Property size
    150,000 SF
    Zone code
    C-2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    01-098300
    APU
    1098300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,250,000
      ML approach
      $2,390,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,566,000
      Market price range: $1.85M - $15.0M

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

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    Lawrence
    State
    Pennsylvania
    Longitude
    -80.3495
    Latitude
    40.9984
    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
    $14,655
    $197,400
    $64,500
    $261,900
    -
    $197,400
    $64,500
    $261,900

    Comparable in this City

    • Value Estimation
      $185,000
      1,400 SF

      2999 Harlansburg Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,400 SF
      2999 Harlansburg Rd, New Castle, PA 16101-9691
      View Details
    • Value Estimation
      $215,000
      672 SF

      Hillside Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 672 SF
      Hillside Ave, New Castle, PA 16101
      View Details
    • Value Estimation
      $195,000
      2,144 SF

      1705 Frew Ml Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,144 SF
      1705 Frew Ml Rd, New Castle, PA 16101-7645
      View Details
    • Value Estimation
      $220,000
      2,507 SF

      2599 Harlansburg Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,507 SF
      2599 Harlansburg Rd, New Castle, PA 16101-9685
      View Details
    • Value Estimation
      $235,000
      8,830 SF

      316 Rhodes Pl

      OFFICE/RESIDENTIAL (MIXED USE) • 8,830 SF
      316 Rhodes Pl, New Castle, PA 16101-3692
      View Details
    • Value Estimation
      $110,000
      2,376 SF

      704 Hbr Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,376 SF
      704 Hbr Rd, New Castle, PA 16101-8560
      View Details

    Similar Nearby for Sale

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      11,300 SF

      Rhodes Estates: Mixed-Use Investment

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    • $250,000

      5 Acre Commercial Property

      Commercial property surveyed and approved, suitable for development.
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      Move-in ready office; 18 parking spaces.
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    • Contact for pricing
      3,499 SF

      Retail Space in New Castle

      Retail property on main thoroughfare with parking.
      305 N Jefferson St, New Castle, PA 16101
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Westgate Plaza

      Retail space available within a shopping center anchored by Sparkle Market.
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      Renovated Commercial Space in New Castle

      Newly renovated 2,110 sq. ft. commercial space for sale.
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    Similar Nearby for Lease

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      68,059 SF

      Giant Eagle Retail Space Available

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    • $500 /Mo
      4,356 SF

      Updated Office Space in Riverplex

      Modern office space in downtown New Castle's Riverplex Complex.
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      View Details
    • $2,300 /Mo

      Shenango Plaza Retail Space Available

      3500 sq ft retail space with high visibility.
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      View Details
    • $3,500 /Mo

      Shenango Plaza Retail Space Available

      Prime commercial space in Shenango Plaza with high visibility.
      2640 Ellwood Rd, New Castle, PA 16101
      View Details
    • Contact for pricing
      30,000 SF

      Retail Space in New Castle

      30,000 SF retail space with established co-tenants.
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      View Details
    • $10 SF/Yr
      15,666 SF

      Versatile Retail and Office Space

      Adaptable space available for rent with ample parking.
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      View Details
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    230 Jefferson St
    New Castle, PA 16101-2220
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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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