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Property profile & analytics
OFF-MARKET
Estimated value
$5,235,000
Outlet malls
248 Rte 940 Blakeslee, PA 18610-7936
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US73-3862681
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1997
Total area
65,104 SF
Lot
35.73 ac (1,556,399 SF)
Zoning code
C
APN
19.20.2.74
UPID
US73-3862681
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.45M
Blend (final)
Blend
$5.24M
Owner & transaction history
Management Accounting & Consul · 8 yrs held
Management Accounting & Consul
since 2017
5 recorded transactions
Zoning & alternative use
C · Blakeslee, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Blakeslee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blakeslee submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$8,475,000
Current use
OFFICE BUILDING
$7,770,000
Change: -8% · Conversion: Easy
MEDICAL BUILDING
$7,495,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$5.24M
Range $4.71M – $5.76M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$80 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$24,455
Tax year 2024
Assessed value
$3,853,160
Assessed 2024
Previous assessed
$3,853,160
+0.0% YoY
Effective rate
0.63%
On assessed value
Assessed land
$2,311,900
Assessed improvement
$1,541,260
Land market value
$2,311,900
Improvement market value
$1,541,260
Total market value
$3,853,160
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1997
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
65,104 SF
Lot
35.73 ac (1,556,399 SF)
Zoning code
C
APN
19.20.2.74
UPID
US73-3862681
Jurisdiction
MONROE
Zoning & alternative use
C · Blakeslee, PAZoning C · permitted uses
C · Blakeslee, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.5M
OFFICE BUILDING
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$7.5M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
35.73 ac
Current owner
From public records · entity-resolved
Management Accounting & Consul
Entity
Mailing address
490 N MAIN ST, PITTSTON, PA 18640-2100
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2023
—
Blakeslee Cornes Associates LP
—
Deed
related
—
Sep 26, 2017
—
Management Accounting & Consul
Blakeslee Corners Assocs LP
Quit Claim Deed
related
—
Jan 14, 2011
—
Blakeslee Corners Assocs LP
—
Deed Of Trust
related
$3,900,000 · Newalliance Bank
—
—
Blakeslee Corners Assocs LP
—
Deed Of Trust
related
$4,200,000 · First Niagara Bank
—
—
Blakeslee Corners Assocs
—
Deed Of Trust
related
$3,700,000 · Wachovia Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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