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    301 Meyers Ave Meyersdale, PA 15552
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    301 Meyers Ave Meyersdale, PA 15552

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    • Bed & breakfasts
    • 6,500 SF
    For Sale
    $599,900
    View Listing →
    Levi Deal Mansion Bed & Breakfast For Sale
    $599,900

    Levi Deal Mansion Bed & Breakfast

    Inn with five guest rooms near Great Alleghany Passage.

    301 Meyers Ave, Meyersdale, PA 15552
    View Listing
    Property ID
    US73-3132845
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Levi Deal Mansion Bed & Breakfast / Bed & Breakfast / Restaurant

    Property Details for 301 Meyers Ave

    Year built
    1900
    Property size
    6,500 SF
    Property type
    Bed & breakfasts
    Property subtype
    Commercial real estate

    Description

    Levi Deal Mansion is just a couple of blocks off the Great Alleghany Passage, a popular hiking and biking trail, the inn boasts four season hospitality and is ranked #1 in the region by TripAdvisor. It is truly a gem of the GAP biking trail. The Inn has 5 guest rooms (the separate Cottage has currently been used as a private residence but can be added back into service), all with ensuite baths, and spacious owner’s quarters with amazing views of the valley and town. The first floor captures the Gilded Age of design and décor, with stained glass windows, common rooms (each featuring the architecture and style of various woods) and the turret and bay windows add distinctive interest on all the floors. Experience the pleasant lifestyle of small town inn ownership with this viable business venture! A historic and pleasant neighborhood setting and with 4 season area attractions that draw guests, this Inn of the Gilded Age is a Must See!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Meyersdale
    County
    Somerset
    State
    Pennsylvania
    Longitude
    -79.0223385
    Latitude
    39.8147923

    Comparable in this City

    • $625,000
      6,500 SF

      Gilded Age Bed & Breakfast

      Premiere B&B along the Great Allegheny Passage bike trail.
      301 Meyers Ave, Meyersdale, PA 15552
      View Details
    • $269,000
      38.00 Acres

      Tillable Land Near Allegheny Passage

      38 acres of tillable land in Meyersdale, Pennsylvania.
      Warrens Ml Rd And Deal Rd, Meyersdale, PA 15552
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    • $375,000
      1.30 Acres

      Prime Meyersdale Restaurant Opportunity

      Established eatery, high traffic, great potential.
      8557 Mason Dixon Hwy, Meyersdale, PA 15552
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    • $250,000
      200 SF

      Established Ice Cream Business For Sale

      Well-established ice cream business with equipment and land for sale.
      346 Main St, Meyersdale, PA 15552
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    • $250,000
      0.25 Acres

      Established Ice Cream Business For Sale

      Profitable ice cream business opportunity near GAP trail.
      346 Main St, Meyersdale, PA 15552
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    • $330,000
      Pending

      Meyersdale Land for Recreation, Hunting

      55.312 acres of scenic Pennsylvania countryside, ideal for recreation.
      Warrens Mill Rd, Meyersdale, PA 15552
      View Details

    Similar Nearby for Sale

    • $625,000
      6,500 SF

      Gilded Age Bed & Breakfast

      Premiere B&B along the Great Allegheny Passage bike trail.
      301 Meyers Ave, Meyersdale, PA 15552
      View Details
    • $269,000
      38.00 Acres

      Tillable Land Near Allegheny Passage

      38 acres of tillable land in Meyersdale, Pennsylvania.
      Warrens Ml Rd And Deal Rd, Meyersdale, PA 15552
      View Details
    • $250,000
      200 SF

      Established Ice Cream Business For Sale

      Well-established ice cream business with equipment and land for sale.
      346 Main St, Meyersdale, PA 15552
      View Details
    • $250,000
      0.25 Acres

      Established Ice Cream Business For Sale

      Profitable ice cream business opportunity near GAP trail.
      346 Main St, Meyersdale, PA 15552
      View Details
    • $375,000
      1.30 Acres

      Prime Meyersdale Restaurant Opportunity

      Established eatery, high traffic, great potential.
      8557 Mason Dixon Hwy, Meyersdale, PA 15552
      View Details
    • $330,000
      Pending

      Meyersdale Land for Recreation, Hunting

      55.312 acres of scenic Pennsylvania countryside, ideal for recreation.
      Warrens Mill Rd, Meyersdale, PA 15552
      View Details
    View Listing
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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