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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Banks
248 Seneca St Oil City, PA 16301-1371
Entity Owned
1-yr Hold
Free & Clear
Property ID
US73-3477304
Property summary
AI-generated overview
This exceptional three-story, 24,156 square foot commercial building in Oil City, Pennsylvania, presents a compelling investment opportunity. Located at 248 Seneca St, this property boasts a prime location and is zoned C-2. The building, constructed in 1955, features a total of four units across its three floors and includes an elevator. Currently, the building is 66.66% occupied, with PNC Bank retaining the second floor and ATM drive-thru. The entire first floor (approximate square footage) is available for owner-occupancy, offering significant potential. The asking price is $515,000, translating to $21.32 per square foot. This multi-tenant property sits on a 0.48-acre lot (APN: 16-034-010.0-000.00) and is being offered for sale by owner. The building is well-maintained and features first-class finishes. This is a rare opportunity to acquire a substantial commercial property in a desirable location with existing tenancy and significant upside potential. The property is owned by PNC Bank and is not subject to a ground lease.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Lot
0.48 ac (20,909 SF)
APN
16,034.-010..-000
UPID
US73-3477304
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
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Marnat Enterprises LP · 1 yrs held
Marnat Enterprises LP
since 2024
Last sale
$515,000
1 recorded transaction
Zoning & alternative use
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 Oil City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oil City 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
$515,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $515k (Dec 23 2024)
Last sale anchor
$515k
Dec 23 2024
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
—
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
$10,370
Tax year 2024
Assessed value
$300,330
Assessed 2024
Previous assessed
$440,670
-31.8% YoY
Effective rate
3.45%
On assessed value
Assessed land
$63,730
Assessed improvement
$236,600
Land market value
$63,730
Improvement market value
$236,600
Total market value
$300,330
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Heating
NONE
Lot
0.48 ac (20,909 SF)
APN
16,034.-010..-000
UPID
US73-3477304
Jurisdiction
VENANGO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.48 ac
Current owner
From public records · entity-resolved
Marnat Enterprises LP
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 850, AURORA, OH 44202-0850
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
$515,000
Marnat Enterprises LP
Pnc Bank National Association
Special Warranty Deed
—
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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