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

    231 Franklin St Slippery Rock, PA 16057-1149

    • Apartment buildings
    • 3,456 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimations
    $335,000
    Show details
    Cap Rate Potential
    9.7%
    Apartment buildings
    Location Intelligence
    Property ID
    US73-0518010
    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

    • Apartment buildings

    Property Details for 231 Franklin St

    Year built
    1900
    Lot size
    0.26 lot acres
    Property size
    3,456 SF
    Property type
    Apartment buildings
    APN
    510 S2 580000
    APU
    510S2580000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $510,000
      6.5%
      $470,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $249,000
      Market price range: $198k - $484k
      AI Estimate
      $270,000
      Market price range: $252k - $537k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $365,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Slippery Rock
    County
    Butler
    State
    Pennsylvania
    Longitude
    -80.0547
    Latitude
    41.0656
    CBSA code
    38300
    CBSA name
    PITTSBURGH, PA METROPOLITAN 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
    $2,767
    $3,450
    $14,200
    $17,650
    -
    $0.00
    $17,650
    $17,650

    Comparable in this City

    • Value Estimation
      $455,000
      250.30 Acres

      200 Rock Pride Dr

      APARTMENT HOUSE (5+ UNITS) • 250.30 Acres
      200 Rock Pride Dr, Slippery Rock, PA 16057
      View Details
    • Value Estimation by Request

      616 Grv City Rd

      APARTMENT HOUSE (5+ UNITS)
      616 Grv City Rd, Slippery Rock, PA 16057-1710
      View Details
    • Value Estimation
      $510,000
      54.00 Acres

      145 Harmony Rd

      APARTMENT HOUSE (5+ UNITS) • 54.00 Acres
      145 Harmony Rd, Slippery Rock, PA 16057-3033
      View Details
    • Value Estimation by Request

      Main St

      APARTMENT HOUSE (5+ UNITS)
      Main St, Slippery Rock, PA 16057
      View Details
    • Value Estimation
      $415,000
      3,696 SF

      Rt 308

      APARTMENT HOUSE (5+ UNITS) • 3,696 SF
      Rt 308, Slippery Rock, PA 16057
      View Details
    • Value Estimation
      $12,340,000
      2.48 Acres

      215 Cornish Dr

      APARTMENT HOUSE (5+ UNITS) • 2.48 Acres
      215 Cornish Dr, Slippery Rock, PA 16057-1537
      View Details

    Similar Nearby for Sale

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      5.22 Acres Near Slippery Rock

      5.22 acres near Slippery Rock, PA, ideal for homesteading/hunting.
      000 Mcbride Rd, Slippery Rock, PA 16057
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    • $175,000
      6.73 Acres

      Slippery Rock Vacant Waterfront Land

      6.73 acre waterfront parcel with utility hookups installed.
      364 Ralston Rd, Slippery Rock, PA 16057
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    • $3,500,000
      78,837 SF

      Slippery Rock Industrial Facility

      16.96 acre industrial property with food processing facility.
      2850 Perry Hwy, Slippery Rock, PA 16057
      View Details
    • $332,145
      73.81 Acres

      Turnkey Hunting Land in Slippery Rock

      73.81 acres of prime hunting land in Butler County.
      St. John Rd, Slippery Rock, PA 16057
      View Details
    • $4,950,000
      55,164 SF

      Multi-Tenant Industrial Buildings For Sale

      Two multi-tenant industrial buildings totaling 55,164 SF, 100% occupancy.
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      View Details
    • New
      $49,000
      1.99 Acres

      Slippery Rock Vacant Land Opportunity

      1.99 acre lot near Moraine State Park and Slippery Rock Campground.
      00 New Castle Rd, Slippery Rock, PA 16057
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo

      Remodeled Office/Retail Space in Slippery Rock

      Newly remodeled 1,200 sq ft office/retail space for lease.
      428 S Main St, Slippery Rock, PA 16057
      View Details
    • Contact for pricing

      Slippery Rock Land Opportunity

      Land available for rent in Slippery Rock, Pennsylvania.
      640 Kelly Blvd, Slippery Rock, PA 16057
      View Details
    • Contact for pricing
      68,531 SF

      Slippery Rock Plaza Retail Space

      Prime Retail Space, Slippery Rock, PA
      223 Grove City Rd, Slippery Rock, PA 16057
      View Details
    • Contact for pricing
      9,678 SF

      Retail Space in Slippery Rock

      Retail property available for lease in Slippery Rock, PA.
      221 Grove City Rd, Slippery Rock, PA 16057
      View Details
    • $1,300 /Mo
      107,593 SF

      Versatile Dock-Height Building For Lease

      Dock-height building for storage and light industrial use with office.
      4772 Harlansburg Rd, Slippery Rock, PA 16057
      View Details
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    231 Franklin St
    Slippery Rock, PA 16057-1149
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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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