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    Property profile & analytics

    2615 College Ave State College, PA 16801-7512

    • Retail space
    • 0.42 lot acres
    OFF-MARKET
    Value Estimation
    $2,950,000
    Last Sale
    Dec 23, 2024
    $2,935,627
    Location Intelligence
    Property ID
    US73-3885633
    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

    • Elite Medical & Rehab / Addiction Treatment Center
    • Verizon / Telecommunications Service Provider / Telephone Company

    Property Details for 2615 College Ave

    Lot size
    0.42 lot acres
    Property type
    Retail space
    APN
    19-004A,052B,0000-
    APU
    19004A052B0000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,935,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,030,000
      6.5%
      $2,920,000
      7%
      $2,695,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,155,000
      Geo Method
      $2,555,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,385,000
      Retail
      $3,355,000
      Mixed-Use
      $2,895,000
      Hospitality
      $3,685,000
      Educational
      $3,080,000
      Residential Income
      $3,115,000
      Energy
      $3,000,000
      Income-Based Land
      $2,935,000
      Food Service
      $3,265,000

    Location Insight

    • Map
    • Local Demand
    City
    State College
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.8067
    Latitude
    40.8287
    CBSA code
    44300
    CBSA name
    STATE COLLEGE, 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
    $7,962
    $27,495
    $101,785
    $129,280
    -
    $54,990
    $203,570
    $258,560

    Comparable in this City

    • Value Estimation by Request
      6.88 Acres

      110 Rolling Rdg Dr

      RETAIL STORES (PERSONAL SERVICES) • 6.88 Acres
      110 Rolling Rdg Dr, State College, PA 16801-7674
      View Details
    • Value Estimation by Request
      7.38 Acres

      1321 College Ave

      RETAIL STORES (PERSONAL SERVICES) • 7.38 Acres
      1321 College Ave, State College, PA 16801-6812
      View Details
    • Value Estimation by Request
      0.29 Acres

      118 Fraser St

      RETAIL STORES (PERSONAL SERVICES) • 0.29 Acres
      118 Fraser St, State College, PA 16801-3852
      View Details
    • Value Estimation by Request
      13.83 Acres

      311 Benner Pike

      RETAIL STORES (PERSONAL SERVICES) • 13.83 Acres
      311 Benner Pike, State College, PA 16801-7304
      View Details
    • Value Estimation
      $2,320,000
      3.22 Acres

      2603 College Ave

      RETAIL STORES (PERSONAL SERVICES) • 3.22 Acres
      2603 College Ave, State College, PA 16801-7542
      View Details
    • Value Estimation by Request
      0.02 Acres

      300 Allen St Ste, Unit 104

      RETAIL STORES (PERSONAL SERVICES) • 0.02 Acres
      300 Allen St Ste, State College, PA 16801-4841
      View Details

    Similar Nearby for Sale

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      Retail space in enclosed shopping mall near Penn State.
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    • $35 SF/Yr
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      Prime Retail Location, High Foot Traffic
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      View Details

    Property Visit Statistics

    • Visits by month
      684
    • Visitors by month
      922
    • Avg Time on site
      34 min
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    2615 College Ave
    State College, PA 16801-7512
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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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