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    Property profile & analytics

    232 3rd Ave Carnegie, PA 15106-2616

    • Investment properties
    • 0.03 lot acres
    OFF-MARKET
    Value Estimation
    $310,000
    Last Sale
    Mar 31, 2025
    $337,500
    Location Intelligence
    Property ID
    US73-1521107
    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

    • Investment properties

    Property Details for 232 3rd Ave

    Lot size
    0.03 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    102-C-6
    APU
    102C6

    Description

    This impeccably maintained brick building at 232 3rd Avenue in Carnegie, Pennsylvania, presents a unique owner-user opportunity. The 4,200 square foot storefront boasts a main floor currently configured with three conference rooms, a kitchenette, and an ADA-compliant restroom. Abundant natural light floods the space, complemented by neutral paint and flooring for easy customization. The second and third floors, each approximately 1400 square feet, offer separate entrances and balconies, and are zoned for commercial office or apartment use. These upper floors feature individual HVAC systems (approximately 8 years old on the first floor and 3 years old on the upper floors), 9-foot ceilings, and are wired for computer hookups. The property's location within Carnegie's thriving business district ensures high visibility and accessibility. This versatile space is ideal for a business owner seeking a blend of retail and office/residential space, or an investor looking for a strong rental income potential. The building is vacant, allowing for immediate occupancy and customization to suit your specific needs. This is a rare opportunity to acquire a well-maintained, multi-use property in a desirable location. The property is located in Allegheny County, PA, 15106.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $415,000
      6.5%
      $380,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $385,000
      Geo Method
      $340,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $410,000
      Retail
      $370,000
      Mixed-Use
      $325,000
      Hospitality
      $410,000
      Educational
      $395,000
      Residential Income
      $400,000
      Energy
      $340,000
      Income-Based Land
      $405,000
      Food Service
      $375,000

    Location Insight

    • Map
    • Local Demand
    City
    Carnegie
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -80.0905
    Latitude
    40.4041
    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
    $7,264
    $23,000
    $164,600
    $187,600
    -
    $23,000
    $164,600
    $187,600

    Comparable in this City

    • Value Estimation
      $700,000
      0.16 Acres

      50 Jefferson St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.16 Acres
      50 Jefferson St, Carnegie, PA 15106-2470
      View Details
    • Value Estimation
      $230,000
      0.06 Acres

      31 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.06 Acres
      31 Main St, Carnegie, PA 15106-2404
      View Details
    • Value Estimation
      $210,000
      0.14 Acres

      525 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.14 Acres
      525 Main St, Carnegie, PA 15106-2059
      View Details
    • Value Estimation
      $200,000
      0.04 Acres

      1 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.04 Acres
      1 Main St, Carnegie, PA 15106-2425
      View Details
    • Value Estimation
      $225,000
      0.07 Acres

      427 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.07 Acres
      427 Main St, Carnegie, PA 15106-2559
      View Details
    • Value Estimation
      $260,000
      0.07 Acres

      218 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.07 Acres
      218 Main St, Carnegie, PA 15106-2787
      View Details

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    232 3rd Ave
    Carnegie, PA 15106-2616
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    Realmo Value Estimation

    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.

    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.

    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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