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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Distribution centers
302 Wilson Rd New Castle, PA 16101-1162
Trust Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-3367707
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Total area
18,000 SF
Lot
14.37 ac (625,957 SF)
Zoning code
IP
APN
34-336700
UPID
US73-3367707
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
$1.13M
Blend (final)
Blend
$1.10M
Owner & transaction history
Smb Trust · 3 yrs held
Smb Trust
since 2023
7 recorded transactions
Zoning & alternative use
IP · New Castle, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+99.7%
Commercial (general)
$1.0M
+23.4%
Retail stores
$875,000
+5.0%
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 New Castle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Castle 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
WAREHOUSE, STORAGE
$830,000
Current use
RESTAURANT
$1,660,000
Change: +100% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,025,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$875,000
Change: +5% · Conversion: Moderate
OFFICE BUILDING
$760,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±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
$61 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$18,727
Tax year 2023
Assessed value
$625,300
Assessed 2024
Previous assessed
$625,300
+0.0% YoY
Effective rate
2.99%
On assessed value
Assessed land
$35,100
Assessed improvement
$590,200
Land market value
$35,100
Improvement market value
$590,200
Total market value
$625,300
Applied tax rate
34.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Heating
NONE
Buildings
2
Stories
1
Total area
18,000 SF
Lot
14.37 ac (625,957 SF)
Zoning code
IP
APN
34-336700
UPID
US73-3367707
Jurisdiction
LAWRENCE
Zoning & alternative use
IP · New Castle, PA
Zoning IP · permitted uses
IP · New Castle, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Castle. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$830,000
RESTAURANT
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$875,000
OFFICE BUILDING
Est. value
$760,000
WAREHOUSE, STORAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE 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
Heating
NONE
Stories
1
Buildings
2
Lot
14.37 ac
Current owner
From public records · entity-resolved
Smb Trust
Trust
Mailing address
302 WILSON RD, NEW CASTLE, PA 16101-1162
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2023
—
Smb Trust
—
Deed
related
$6,900,000 · Busey Bank
Jan 9, 2023
—
Smb Trust
—
Deed
related
$6,900,000 · Busey Bank
Jan 5, 2023
—
Smb Trust
—
Deed
related
$6,900,000 · Busey Bank
Apr 7, 2021
—
Stephen J Vitale
—
Deed
related
$7,768,449 · Pnc Equipment Finance LLC
May 21, 2018
—
Smb Trust
—
Grant Deed
related
$1,839,177 · Pnc Bk
Jan 25, 2010
—
Smb Trust
—
Trustees Deed
related
$1,800,000 · First Commonwealth Bank
—
—
Smb Trust
—
Deed Of Trust
related
$360,000 · Pnc Bk
—
—
Smb Trust
—
Deed Of Trust
related
—
—
—
Smb Trust
—
Deed Of Trust
related
$450,000 · Pnc Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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