Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    231 Chestnut St Meadville, PA 16335-3442

    • Investment properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-4770304
    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

    • Steidl & Steinberg, P.C. Bankruptcy Attorneys / Law Firm / Accounting Firm
    • Woodring Detective Bur & Security / Law Firm / Security Service
    • Wilkinson William J DDS / Dental Office
    • Crawford County Solid Waste / County Government Office
    • Hanek Mary / Dental Office

    Property Details for 231 Chestnut St

    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    19286
    APU
    19286

    Description

    This exceptional 1911 landmark building at 231 Chestnut Street in Meadville, Pennsylvania, presents a unique investment opportunity. Spanning seven floors and encompassing 33,800 square feet, this property offers unparalleled potential for adaptive reuse. Its rich history and architectural details create a captivating canvas for a variety of ventures. Imagine transforming this space into residential units, trendy restaurants, a vibrant brewery, modern office spaces, or a dynamic cultural center. The possibilities are virtually limitless. The 0.12-acre lot provides ample space for outdoor amenities or expansion. Its prime location in Meadville offers convenient access to Allegheny College, Conneaut Lake, farmers' markets, and a revitalizing downtown area, ensuring high visibility and strong potential for attracting clientele. This is a chance to acquire a piece of Meadville's history and shape its future, creating a lasting legacy while capitalizing on a lucrative investment. The building's substantial size and versatile layout provide flexibility for a wide range of development projects, catering to diverse needs and market demands. This is more than just a building

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Meadville
    County
    Crawford
    State
    Pennsylvania
    Longitude
    -80.1538
    Latitude
    41.6385
    CBSA code
    32740
    CBSA name
    MEADVILLE, 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
    $11,129
    $97,550
    $95,100
    $192,650
    -
    $130,051
    $126,781
    $256,832

    Comparable in this City

    • Value Estimation by Request

      1157 Water St

      OFFICE/RESIDENTIAL (MIXED USE)
      1157 Water St, Meadville, PA 16335-4340
      View Details
    • Value Estimation by Request

      220 Willow St

      OFFICE/RESIDENTIAL (MIXED USE)
      220 Willow St, Meadville, PA 16335-3170
      View Details
    • Value Estimation by Request

      Ss St

      OFFICE/RESIDENTIAL (MIXED USE)
      Ss St, Meadville, PA 16335
      View Details
    • Value Estimation by Request

      272-274-27 Pne St

      OFFICE/RESIDENTIAL (MIXED USE)
      272-274-27 Pne St, Meadville, PA 16335
      View Details
    • Value Estimation by Request

      Rt 19

      OFFICE/RESIDENTIAL (MIXED USE)
      Rt 19, Meadville, PA 16335
      View Details
    • Value Estimation by Request
      13.60 Acres

      Golfview Mnr

      OFFICE/RESIDENTIAL (MIXED USE) • 13.60 Acres
      Golfview Mnr, Meadville, PA 16335
      View Details

    Similar Nearby for Sale

    • $650,000
      7,313 SF

      Established Restaurant with Development Potential

      Turn-key restaurant with apartments and development space in Meadville.
      283 Chestnut St, Meadville, PA 16335
      View Details
    • $700,000
      7,313 SF

      Meadville Restaurant & Real Estate

      Established Restaurant, Prime Location, Huge Potential
      283 Chestnut St, Meadville, PA 16335
      View Details
    • $224,900
      5,092 SF

      Meadville Mixed-Use Investment Opportunity

      Mixed-use property with office and apartments in prime location.
      307 Walnut St, Meadville, PA 16335
      View Details
    • Contact for pricing
      1.17 Acres

      Undeveloped Land in Meadville, PA

      1.17 acre vacant building lot in West Mead Township.
      3210-072-6 Blooming Vly Rd, Meadville, PA 16335
      View Details
    • $40,000
      1.72 Acres

      Residential Land Near Fairgrounds

      1.7 acre residential land near shopping, hospital, and schools.
      3213-020-11-12-14 Leslie Rd, Meadville, PA 16335
      View Details
    • $1,775,000
      5,500 SF

      Turn-Key Golf Course and Bar

      Operating golf course and bar/restaurant with included equipment and real estate.
      562 Park Ave E, Meadville, PA 16335
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      20,000 SF

      Remodeled Office Space in Meadville

      33,000 SF office space in remodeled historical building.
      359 N Walnut St, Meadville, PA 16335
      View Details
    • $299,900
      3,983 SF

      Downtown Meadville Brick Building

      Versatile commercial space in a prime downtown location.
      932 Diamond Park, Meadville, PA 16335
      View Details
    • Contact for pricing
      8,840 SF

      Retail Space in Downtown Meadville

      New construction retail space in the county seat.
      1121 Park Ave, Meadville, PA 16335
      View Details
    • $1,900 /Mo
      1,080 SF

      Downtown Meadville Commercial Space Available

      Remodeled commercial space in the heart of Meadville's business district.
      245 Chestnut St Unit, Meadville, PA 16335
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    231 Chestnut St
    Meadville, PA 16335-3442
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.