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    Property profile & analytics

    2501 Wilmington Rd New Castle, PA 16105-1613

    • Office buildings
    • 71,355 SF
    • 7.35 lot acres
    OFF-MARKET
    Value Estimation
    $625,000
    Last Sale
    Mar 18, 2025
    $645,750
    Location Intelligence
    Property ID
    US73-3343264
    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

    • Costello Michelle / Insurance Agency
    • Dejohn Donielle / Insurance Agency

    Property Details for 2501 Wilmington Rd

    Lot size
    7.35 lot acres
    Property size
    71,355 SF
    Zone code
    R/3
    Property type
    Office buildings
    APN
    25-229500
    APU
    25229500

    Description

    This exceptional executive office property, the Liberty Mutual Building, presents a unique leasing opportunity in New Castle, Pennsylvania. Located at 2501 Wilmington Road, this impressive complex comprises two buildings, each three stories high, offering a total of 79,862 square feet of vacant, single-tenant office space. The property underwent extensive renovations in 2019, ensuring modern and efficient workspaces. The expansive 7.35-acre lot provides ample space and parking, with a total of 600 parking spaces available for tenants and their guests. The building is ideally suited for a single large tenant seeking a prestigious and well-maintained office environment. Situated in Lawrence County, the property benefits from convenient access to major transportation routes, making it an attractive location for businesses seeking a strategic presence in the region. The entire 79,862 square feet is available for lease, offering a rare opportunity to secure a significant footprint in a desirable location. The property's modern amenities and ample parking make it an ideal choice for companies seeking a high-quality office space. This is a single-tenant occupancy property. The zip code is 16105.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $630,000

    • CAP approach

      CAP return
      Estimation
      6%
      $665,000
      6.5%
      $725,000
      7%
      $710,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $590,000
      Geo Method
      $590,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $830,000
      Retail
      $640,000
      Mixed-Use
      $620,000
      Hospitality
      $730,000
      Educational
      $725,000
      Residential Income
      $675,000
      Energy
      $765,000
      Income-Based Land
      $695,000
      Food Service
      $835,000

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    Lawrence
    State
    Pennsylvania
    Longitude
    -80.3559
    Latitude
    41.0293
    CBSA code
    35260
    CBSA name
    NEW CASTLE, 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
    2023
    $55,456
    $772,800
    $1,067,200
    $1,840,000
    -
    $772,800
    $1,067,200
    $1,840,000

    Comparable in this City

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    • Value Estimation by Request
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      3001 Wilmington Rd

      OFFICE BUILDING • 1,768 SF
      3001 Wilmington Rd, New Castle, PA 16105-1221
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      3,912 SF

      3587 Clover Ln

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      View Details
    • Value Estimation
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      4,122 SF

      2000 Wilmington Rd

      OFFICE BUILDING • 4,122 SF
      2000 Wilmington Rd, New Castle, PA 16105-1950
      View Details
    • Value Estimation
      $425,000
      6,052 SF

      2602 Wilmington Rd

      OFFICE BUILDING • 6,052 SF
      2602 Wilmington Rd, New Castle, PA 16105-1537
      View Details
    • Value Estimation
      $330,000
      2,030 SF

      3021 Wilmington Rd

      OFFICE BUILDING • 2,030 SF
      3021 Wilmington Rd, New Castle, PA 16105-1242
      View Details

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      Retail Space in Neshannock Township

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    2501 Wilmington Rd
    New Castle, PA 16105-1613
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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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